MicroStrategy Bitcoin Buy Ends 10-Week Accumulation Pause

MicroStrategy has finally returned to active Bitcoin accumulation, buying 4,603 BTC for $369.7 million between August 24 and August 30. After roughly 10 weeks without a major treasury addition, the purchase puts the company’s buying strategy back under the microscope.

MicroStrategy Returns To Treasury Buying

The acquisition was funded through the sale of 4,531,421 Class A shares, which generated $602.8 million in net proceeds. The company allocated $369.7 million to BTC, while $151.8 million went toward buying back 1,557,177 STRC preferred shares, $50.7 million covered STRC dividends and the remaining $30 million went into cash reserves.

That’s quite a different setup from July and August, when MicroStrategy was effectively a net seller while strengthening liquidity and addressing preferred-stock obligations.

Bitcoin Treasury Now Holds 845,050 BTC

Following the latest purchase, MicroStrategy holds 845,050 BTC acquired for a total of $63.73 billion. The aggregate cost basis stands at $75,412 per coin, while the current BTC price cited in the data is around $79,087, leaving the overall treasury approximately 4.9% in profit.

The balance sheet also remains well supplied, with $5.10 billion in total USD reserves, including $1.61 billion in cash, alongside zero net leverage.