Strategy Buys 4,603 BTC After Selling 4.5M MSTR Shares
Strategy sold 4.53 million MSTR shares last week, then directed most of the proceeds toward Bitcoin purchases and a preferred-stock repurchase while adding more cash to its balance sheet.
Key Takeaways
- Strategy’s $369.7M purchase added 4,603 BTC.
- Recent Bitcoin sales totaled 6,916 coins.
- The purchase left a 2,313 BTC gap.
- Holdings now stand at 845,050 BTC.
Saylor’s hint preceded a confirmed purchase
A day earlier, Coindoo reported that Michael Saylor had hinted at another Bitcoin purchase. Strategy’s August 31 Form 8-K turned that signal into a confirmed transaction.
The company purchased 4,603 BTC between August 24 and August 30 for $369.7 million, including fees and expenses with average price of $80,318 per Bitcoin.
At a Bitcoin price of approximately $78,400 at the time of writing, Strategy’s 845,050 BTC position would be worth about $66.25 billion, implying an unrealized gain of roughly $2.52 billion, or 4%, against its reported average cost.
MSTR share sales funded four uses
Strategy sold 4,531,421 shares of its Class A common stock during the same week and received $602.8 million after commissions. It reported no sales of its STRF, STRC, STRK or STRD preferred shares during the period.
The filing identified the following uses for the MSTR proceeds:
- $369.7 million funded the Bitcoin purchase.
- $151.8 million funded STRC share repurchases.
- $50.7 million funded dividends on STRC stock.
- $30 million increased Strategy’s USD Cash account.
Strategy has acquired 4,603 BTC for $370M, increased USD Cash by $29M, and repurchased $152M of $STRC. As of 8/30/26, we hold 845,050 bitcoin:native and $6.71B of USD Assets, bringing Net Leverage to 0.0%. $MSTRhttps://t.co/yncvo2BVSH
— Strategy (@Strategy) August 31, 2026
The purchase offset two-thirds of recent Bitcoin sales
The new purchase followed four Bitcoin sales completed between late June and early August:
- June 30: 1,363 BTC sold for approximately $81 million.
- July 6: 2,225 BTC sold for approximately $135 million.
- August 3: 1,638 BTC sold for approximately $105 million.
- August 10: 1,690 BTC sold for approximately $109 million.
Together, those transactions removed 6,916 BTC from Strategy’s holdings. Buying 4,603 BTC offset approximately 66.6% of that amount.
- 6,916 BTC sold minus 4,603 BTC purchased = 2,313 BTC still to recover.
Strategy would need to acquire another 2,313 BTC to return to its position before the four sales. At the latest average purchase price of $80,318, that amount would cost approximately $185.8 million. The actual cost would change with Bitcoin’s market price.
Strategy now holds 845,050 BTC
As of August 30, Strategy held 845,050 BTC acquired for a combined $63.73 billion. Its average purchase price across the full position was $75,412 per bitcoin, including fees and expenses.
Returning fully to the pre-sale coin count would lift the balance to 847,363 BTC. The latest acquisition therefore marks a return to buying, but it has not yet erased the reduction created by the four earlier sales.
Strategy also repurchased 1,557,177 STRC shares for $151.8 million. It reported a $5.10 billion USD Reserve and $1.61 billion in USD Cash at the end of the period.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
