Strategy Resumes Bitcoin Buying With $370 Million Purchase After Pause

Strategy has resumed buying Bitcoin after a weeks-long pause, spending about $370 million to add 4,603 BTC last week. The purchase brings the company’s Bitcoin holdings to 845,050 BTC as of Aug. 30.

The company also added $29 million to its dollar reserves and repurchased about $152 million of its STRC preferred stock. Its combined USD assets now total about $6.71 billion, strengthening its liquidity position and providing more funds for financial obligations and its Bitcoin strategy.

Strategy Resumes Bitcoin Buying

Strategy paid about $80,380 for each Bitcoin in its latest purchase. That price exceeds the company’s average Bitcoin cost of roughly $75,385. Bitcoin recently traded near $78,725.

Michael Saylor, Strategy’s chairman, highlighted the purchase on X with the phrase “paint the bears orange.”

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