Strategy buys 4,603 Bitcoin for $370M, ending 10-week buying pause

Strategy, the company formerly known as MicroStrategy, just snapped up 4,603 Bitcoin for $369.7 million between August 24 and 30. Executive chairman Michael Saylor announced the purchase on August 30, breaking a 10-week hiatus from buying that had some observers wondering whether the company’s legendary Bitcoin appetite was finally cooling. From seller back to buyer Since June 22, Strategy had been a net seller of Bitcoin, offloading approximately 7,000 BTC for around $432.5 million. Those sales were funding mechanics: the company needed cash to support preferred-stock dividends and share repurchase programs. In the week before this purchase, Strategy sold roughly 18.26 million MSTR shares for approximately $2.01 billion. That stock sale created a fresh $1.59 billion “USD Cash” reserve specifically earmarked for Bitcoin acquisitions, bringing the company’s total available liquidity to around $6.69 billion. The 4,603 BTC buy was funded from those share sale proceeds rather than existing reserves. The numbers behind the stockpile With this latest purchase, Strategy now holds approximately 840,447 BTC. That’s roughly 4% of Bitcoin’s entire circulating supply, sitting on the balance sh...