Strategy Returns to Bitcoin Buying: 4,603 BTC for $369.7 Million After Ten-Week Pause

Strategy, the company led by Michael Saylor, has resumed buying bitcoin after a pause of nearly three months. According to the 8-K filing submitted to the SEC on August 31, 2026, between August 24 and August 30 the company purchased 4,603 bitcoin for a total of $369.7 million, at an average price of $80,318 per coin including fees. It is the first purchase after a roughly ten-week pause and lifts the corporate treasury to 845,050 bitcoin.

The return after the pause

The previous week had closed with no activity: the August 24 8-K showed zero purchases and zero sales, with holdings stuck at 840,447 bitcoin. The pause had therefore lasted about ten weeks: according to citybiz, the last purchase dated back to June 22. The period was unusual on another front as well: after years of steady accumulation, the company had sold part of its cryptocurrency holdings in the preceding months to strengthen its balance sheet, then halted sales and raised roughly $2 billion through new common share issuance. The signal of the return to buying came the same day as the announcement: Saylor posted on X the historical chart of the company's purchases accompanied by the message "We're Back".

What the 8-K shows

With the latest purchase, total holdings rise to 845,050 bitcoin, for an aggregate cost of $63.73 billion and a historical average purchase price of $75,412. The market value of the treasury is now around $66 billion according to Crypto Briefing, and the position shows more than $2 billion in unrealized gains. One detail stands out: the average price of the latest purchase, $80,318, is above the portfolio's historical average, meaning the company resumed buying at prices higher than its own average, betting on the continuation of the rebound.

How it was financed

The operation was funded entirely through the at-the-market program on common shares, with no new debt. In the week between August 24 and August 30, Strategy sold 4,531,421 MSTR shares for $602.8 million in net proceeds. The 8-K breakdown: $369.7 million used for bitcoin purchases, $151.8 million to repurchase 1,557,177 STRC preferred shares, $50.7 million to fund STRC dividends and $30 million to the USD cash liquidity account. A total of $364.8 million remains available for preferred stock repurchases and $1 billion for the common stock repurchase program. At the end of the week the dollar reserve earmarked for dividends and interest stands at $5.1 billion, while operational cash provides an additional $1.61 billion cushion.

Context: bitcoin's rebound

The return to accumulation comes with bitcoin rebounding toward $79,000, up roughly 24 percent over the past thirty days, after recovering from an intraday low of about $76,800 on Friday, in a market still volatile following Federal Reserve Chair Kevin Warsh's Jackson Hole remarks. For Strategy investors, the direction of bitcoin's price remains the dominant factor: the size of the position makes MSTR shares particularly sensitive to the cryptocurrency's movements, in both directions.

Sources

• SEC EDGAR — Form 8-K Strategy Inc (August 31, 2026)
• Crypto Briefing — Strategy buys 4,603 Bitcoin for $370 million
• citybiz — Michael Saylor Signals Strategy Is Buying Bitcoin Again After Two-Month Pause