Strategy Bought $370 Million Of Bitcoin Last Week

U.S. software company Strategy (NASDAQ: $MSTR) made a significant Bitcoin purchase last week, buying 4,603 BTC worth $369.7 million. This marked the company's first Bitcoin acquisition in two months. Strategy funded the purchase by selling $602.80 million of common stock. The BTC were bought at an average price of $80,318 per coin.

The remaining proceeds were used for $151.8 million in preferred stock buybacks and to bolster cash reserves. Currently, Strategy holds 845,050 BTC, acquired at an average cost of $75,412 each. Bitcoin's price stood at $77,800 U.S. on August 31, marking a 24% gain for the month, its best since November 2024. Despite its current performance, MSTR stock has dropped 63% over the past year, trading at $127.31 per share.