Strategy Adds $370M Bitcoin to Treasury After Two-Month Gap

Strategy has added another sizable batch of Bitcoin to its corporate treasury, purchasing 4,603 BTC for about $370 million, according to an 8-K filing with the U.S. Securities and Exchange Commission released this week. The acquisition takes the company’s total holdings to 845,050 BTC.

The news also arrives shortly after Strategy last reported a Bitcoin buy in mid-June, and it follows a weekend signal from Strategy executive chairman Michael Saylor that the firm was preparing to resume accumulation. Investors are also watching how the company’s preferred stock funding mechanism—STRC—behaves as Strategy continues to finance new purchases.

Key takeaways

• Strategy bought 4,603 Bitcoin for an average price of $80,318 per BTC, bringing total holdings to 845,050 BTC.
• The purchase was funded using net proceeds from a $602 million common stock sale, with part of the proceeds added to USD cash reserves and part used for STRC repurchases.
• This is Strategy’s first corporate Bitcoin acquisition in roughly two months, after its prior buy of 1,587 BTC in mid-June.
• STRC trades below its $100 intended par value, which can affect the company’s ability to raise capital through STRC sales and may increase pressure on dividend terms.