Strategy Buys 4.603 Bitcoin for $369,7 Million
Strategy bought 4.603 Bitcoin between August 25 and 30 for $369,7 million, at an average price of $80.318 per BTC.
Key Takeaways
- Strategy bought 4.603 Bitcoin between August 25 and 30.
- The purchase cost a total of $369,7 million.
- Strategy paid an average of $80.318 per Bitcoin.
Strategy has once again bought a large amount of Bitcoin. Michael Saylor announced that the company added a total of 4.603 BTC to its reserves between August 25 and 30.
The purchase cost Strategy approximately $369,7 million, equivalent to around €319 million. The company paid an average of $80.318 per Bitcoin.
The purchase comes shortly after Saylor hinted at Strategy’s first new Bitcoin purchase in two months.
Strategy Buys Bitcoin Again
Michael Saylor announced the purchase on X. The transaction marks a return to Bitcoin purchases after Strategy had been more cautious about expanding its position in recent months.
Strategy has been buying Bitcoin for years as part of its financial strategy. According to Saylor, the latest purchase brings the company’s total holdings to 845.050 BTC.
In addition to Bitcoin, the company holds another $6,71 billion in other assets, according to Saylor.
Strategy Also Increases Its Cash Position
Alongside the Bitcoin purchase, Strategy said it added $29 million to its cash position. The company also bought back approximately $152 million of its own STRC shares.
According to Saylor, this brings Strategy’s net leverage to 0%. The company uses this figure to indicate that the value of its assets is approximately equal to its financial obligations.
The transactions show that Strategy is not only expanding its Bitcoin position, but is also using capital to manage its balance sheet and preferred shares.
Bitcoin Remains Important for Strategy
Strategy finances its Bitcoin purchases partly with capital raised through share issuances and other forms of financing.
This allows the company to increase its Bitcoin holdings, but also adds to its financial obligations. Strategy’s value therefore remains closely linked to the Bitcoin price.
When Bitcoin rises, the value of Strategy’s BTC reserves increases. A sharp decline has the opposite effect, while obligations such as interest and dividend payments continue.
With the purchase of 4.603 BTC, Strategy is continuing its long-running Bitcoin strategy.
