The acquisition marks the company’s first reported Bitcoin purchase since June and brings its total holdings to 845,050 BTC.
The latest purchase came shortly after Executive Chairman Michael Saylor posted “We’re ₿ack.” on X on August 30, alongside a chart tracking Strategy’s Bitcoin purchases. The timing of the post preceded the company’s disclosure of the new acquisition.
Strategy acquired 4,603 BTC for $370 million, added $29 million to USD cash, repurchased $152 million of STRC, and raised its Bitcoin holdings to 845,050 BTC while maintaining 0.0% net leverage. Source: Michael Saylor via X
Strategy paid an average of $80,318 per BTC in the latest transaction. Its cumulative Bitcoin holdings were acquired for approximately $63.73 billion, including fees and expenses, at an average cost of $75,412 per BTC.
Michael Saylor Signals Strategy’s Bitcoin Return
Saylor’s “We’re ₿ack.” post followed a period in which Strategy had paused purchases and sold part of its Bitcoin holdings. The company had previously reported Bitcoin sales during the summer as it adjusted its capital and liquidity management.
The message signals Strategy’s return to BTC purchases after a roughly two-month pause to build $5.1 billion in USD reserves and repurchase preferred stock. Source: Michael Saylor via X
The chart shared by Saylor showed 840,447 BTC before the latest purchase, with an average acquisition price of $75,653 and an estimated unrealized gain of about 3.36%, or $2.13 billion, based on the figures displayed at the time. Strategy had recorded 113 Bitcoin purchase events on the tracker since beginning its accumulation strategy in 2020.
The new filing subsequently increased the company’s holdings by 4,603 BTC to 845,050 BTC. Strategy remains the largest corporate Bitcoin holder, with its holdings representing roughly 4% of Bitcoin’s eventual 21 million-coin supply cap.
Strategy Uses MSTR Proceeds to Buy Bitcoin
The Bitcoin purchase was funded through Strategy’s at-the-market offering of its Class A common stock. Between August 24 and August 30, the company sold 4,531,421 MSTR shares, generating approximately $602.8 million in net proceeds.
Strategy allocated those proceeds across several uses. About $369.7 million went toward BTC purchases, while $151.8 million was used to repurchase 1,557,177 shares of STRC preferred stock. Another $50.7 million funded STRC dividends, and $30 million was added to the company’s USD Cash account.
The allocation illustrates how Strategy is currently combining equity financing, Bitcoin accumulation, and liquidity management rather than directing all available capital toward BTC.
$6.71 Billion in USD Assets
Alongside the BTC acquisition, Strategy reported $6.71 billion in combined USD assets as of August 30. This consisted of a $5.10 billion USD reserve and $1.61 billion in USD cash.
The company distinguishes between the two pools. Its USD Reserve is intended to support preferred-stock dividends and interest payments. At the same time, USD Cash can be deployed for broader Bitcoin treasury purposes, including future BTC purchases, capital management, and other corporate obligations.
Strategy said the latest balance-sheet position resulted in 0.0% net leverage, while its USD duration increased to approximately four years. The company also reported an improvement in its BTC credit metric to 56 basis points under its stated assumptions.
Bitcoin Price Holds Above Key Support
The renewed Strategy purchase comes as Bitcoin price remains well above the lows recorded during the summer. BTC closed the week of August 30 near $77,702, according to a TradingView analysis, after reclaiming a downward-sloping trendline that had previously contained several recovery attempts.
Bitcoin’s weekly chart has reclaimed the descending trendline that had capped recovery attempts for months, signaling improved technical strength. Source: Chartrick on TradingView
The weekly setup shows Bitcoin trading above the $69,845 mid-Bollinger Band, while the $73,909-$83,916 Fibonacci region has emerged as an important area for assessing whether the recent recovery develops into a broader trend reversal.
Technical levels identified in the analysis include $78,342, $82,193 and $83,916 as successive resistance areas, while $76,664, $73,909 and $71,285 provide notable support.
The weekly RSI had recovered from around 40 to 56.59, approaching the 60 level that the analysis identifies as an important momentum threshold. However, the broader weekly trend was still described as a downtrend, meaning the trendline breakout alone does not establish a confirmed reversal.
Technical Indicators
A separate TradingView technical snapshot showed BTC trading near $77,827, with the broader indicator summary remaining neutral. Oscillators produced a mixed reading, while moving averages were considerably more constructive.
Bitcoin (BTC) price chart. Source: Brave New Coin
The RSI stood at 69, approaching overbought territory, while the Stochastic %K was 81. MACD provided a buy signal, although the 10-period momentum indicator generated a sell signal, reflecting weaker short-term momentum.
Moving averages offered stronger support for the medium-term structure. The 20-day EMA stood near $73,964, while the 50-day EMA was around $69,646 and the 200-day EMA near $72,222. BTC was trading above all three averages in the cited snapshot.
That combination points to a market with stronger underlying trend support but less convincing short-term momentum. It also leaves the $78,000-$79,000 area important for determining whether BTC can extend its recent advance.
Key Levels
Resistance
- $78,342 – Immediate resistance
- $82,193 – Key resistance
- $83,916 – Major resistance and Fibonacci 0.382 level
Support
- $76,664 – Immediate support
- $73,909 – Key support and Fibonacci 0.236 level
- $71,285 – Strong support
The technical picture therefore remains mixed. BTC is holding above several important moving averages and has reclaimed a major weekly trendline, but elevated momentum readings and resistance around $78,000-$83,900 leave the next move dependent on whether buyers can sustain the breakout.
Strategy’s Bitcoin Treasury Strategy
Strategy’s latest purchase represents a return to accumulation after a roughly two-month pause. The company’s approach has also become more focused on maintaining liquidity alongside its Bitcoin holdings.
Its August 24 filing introduced USD Cash as a separate liquidity pool within its Digital Credit Capital Framework. The structure gives Strategy additional flexibility to manage BTC purchases, preferred-stock obligations, debt-related expenses, and other capital-allocation requirements.
The latest transaction demonstrates that Strategy can resume purchasing BTC while simultaneously maintaining a substantial dollar reserve and repurchasing preferred securities. It also shows that the company’s Bitcoin strategy remains closely tied to its ability to access capital markets.
For now, Strategy holds 845,050 BTC, while Bitcoin is trading around the high-$70,000 area. The combination of a renewed BTC purchase and Saylor’s “We’re ₿ack” message puts the company’s accumulation strategy back in focus, but the sustainability of future purchases will depend on Bitcoin prices, capital-market conditions, and Strategy’s liquidity requirements.
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