Bitcoin treasury giant Strategy purchased another 3,081 BTC for $357 million, bringing its total holdings to 632,457 BTC — worth roughly $70 billion at current prices.
The new bitcoins were acquired between Aug. 18 and Aug. 24 at an average price of $115,829 per BTC. The company has now spent around $46.5 billion on its bitcoin reserves, locking in more than $23.5 billion in unrealized gains.
The purchase was funded through a mix of equity and preferred stock offerings, including $309.9 million raised via its common ATM program and over $47 million through preferred shares — STRK, STRF, and STRD. Strategy still has over $47 billion in remaining capacity across its various issuance programs.
The latest purchase followed a weekend post from Strategy’s Executive Chairman Michael Saylor, who wrote “Bitcoin is on sale” alongside a graphic of Strategy’s holdings.
MSTR shares had recently dipped to their lowest level since April, amid investor debate over the stock’s premium. But supporters argue the markup enables cheaper bitcoin acquisition, giving Strategy a flywheel for compounding exposure.$BTC