Strategy resumes Bitcoin purchases after 10-week pause

Michael Saylor wants you to know the shopping spree is back on. The Strategy executive chairman posted “We’re ₿ack” on August 30, breaking a 10-week silence on Bitcoin acquisitions. Strategy’s last reported Bitcoin purchase landed on June 22, kicking off a pause that coincided with some unusual activity for a company that has essentially built its entire identity around accumulating BTC. During the hiatus, the company sold roughly 3,588 BTC in July to fund dividend obligations and shore up its dollar reserves. It also offloaded additional amounts in early August. The broader math still tilts heavily in one direction: net purchases for the year sit at approximately 175,000 BTC against roughly 7,000 BTC sold. The numbers behind the war chest As of late August, Strategy reported holding approximately 840,447 BTC. That stack was acquired at an average cost of about $75,385 per coin, putting the total investment around $63.36B. The company now controls roughly 4% of all Bitcoin that will ever exist. With Bitcoin trading near $79,000, that position is currently sitting in profit territory. A $79K price on 840,447 BTC values the holdings at roughly $66.4B against the $63.36B cost basis. T...