Strategy has resumed buying Bitcoin after a two-month pause, adding 4,603 BTC to its corporate treasury for approximately $370 million.
The company also continued strengthening its cash reserves and repurchasing shares of its perpetual STRC preferred stock.
Strategy Buys 4,603 Bitcoin
Michael Saylor’s Strategy acquired 4,603 Bitcoin at an average price of $80,318 per BTC, according to an 8-K filing submitted to the U.S. Securities and Exchange Commission on Monday.
The purchase increased Strategy’s total Bitcoin holdings to 845,050 BTC.
The company has spent approximately $63.3 billion building its Bitcoin position, with an average acquisition price of $75,413 per coin.
MSTR Stock Sale Funds Bitcoin Purchase
Strategy financed the latest Bitcoin acquisition using proceeds from the sale of approximately $602 million worth of MSTR common stock.
Part of the proceeds was allocated to other areas of the company’s capital strategy.
Strategy used around $30 million to increase its U.S. dollar cash reserves. It also spent approximately $151.8 million repurchasing its STRC preferred stock.
MSTR shares were up less than 1% in Monday pre-market trading after falling more than 7% on Friday.
First Strategy Bitcoin Purchase Since June
The latest transaction marks Strategy’s first corporate Bitcoin purchase since mid-June.
At that time, the company acquired 1,587 BTC for approximately $100 million.
Michael Saylor, Strategy’s co-founder and executive chairman, hinted at the return of Bitcoin accumulation on Sunday by posting “We’re Back” on X.
Saylor has frequently used weekend social media posts to tease upcoming Bitcoin treasury announcements.
Strategy Continues to Support STRC Preferred Stock
Strategy’s STRC perpetual preferred stock gained around 0.44% in Monday pre-market trading, reaching approximately $97.33.
That price remains below STRC’s intended $100 par value.
STRC is one of the financing tools Strategy uses to support its Bitcoin acquisition strategy.
However, when STRC trades below par, the company may find it more difficult to raise capital through additional preferred stock sales.
STRC Dividend Rate Remains an Important Factor
A weaker STRC share price could also increase pressure on Strategy to offer a more attractive dividend rate to investors.
In a June 29 regulatory filing, Strategy introduced a capital framework that allows the company to sell Bitcoin if necessary to fund dividend payments.
The company also increased STRC’s annual dividend rate to 12%.
Strategy additionally disclosed the sale of 32 Bitcoin in early June, marking its first reported BTC sale since a tax-loss transaction in 2022.
Strategy Maintains Aggressive Bitcoin Treasury Strategy
Despite recent changes to its financing structure, Strategy remains the world’s largest publicly traded corporate holder of Bitcoin.
The return to BTC accumulation suggests that the company continues to view Bitcoin as the centerpiece of its long-term treasury strategy.
With more than 845,000 BTC now on its balance sheet, Strategy remains one of the most influential corporate participants in the Bitcoin market.
