Michael Saylor’s Bitcoin treasury company Strategy has returned to accumulating Bitcoin after a multi-week pause, purchasing 4,603 BTC for $370 million and lifting its total holdings to 845,050 Bitcoin as of August 30, 2026.
The company simultaneously increased its designated USD cash pool by $29 million to $1.61 billion and repurchased $152 million of its variable-rate preferred stock, STRC.
The announcement, posted by Executive Chairman Michael Saylor on X and detailed in the latest 8–K Filing, marks the first reported Bitcoin acquisition since late June. During the intervening period Strategy sold several thousand BTC and raised substantial capital through common-stock sales to build dollar liquidity and support its preferred-stock obligations.
The latest transactions bring the firm’s combined USD assets to $6.71 billion, consisting of a $5.10 billion USD reserve and $1.61 billion in USD cash, and reduce net leverage to 0.0 percent.
STRC Buyback Supports Preferred Stock
Saylor said the moves further strengthen STRC. USD duration improved to 4.0 years, an increase of 23 days, while STRC’s BTC credit tightened to 56 basis points from 59 basis points. The credit metric assumes a 10% Bitcoin annual rate of return, 40% volatility, and a Bitcoin price of $77,558.
The $370 million purchase implies an average price of roughly $80,380 per Bitcoin. That is above Strategy’s long-term cost basis of approximately $75,385—as mentioned in the 8—K, but in line with recent market levels after Bitcoin recovered from summer lows near $58,000–$63,000 into the high $80,000s—as per CoinGecko data.
At the prevailing BTC price of $78,400 (as of 12:15 PM UTC, August 31), the 845,050 BTC reserve is valued at more than $66.25 billion. Strategy now controls roughly 4% of Bitcoin’s 21 million supply cap.
The activity reflects an evolution in Strategy’s approach. After years of aggressive weekly purchases funded largely by equity issuance, the company spent much of the summer building a “barbell” structure: a large Bitcoin reserve paired with a sizable dollar cushion.
The new USD Cash account is earmarked for general Bitcoin-treasury purposes, including future BTC purchases, preferred dividends, interest payments, share and preferred-stock repurchases, and convertible-note management. By pairing a fresh Bitcoin buy with additional cash and an STRC buyback, Strategy is signaling it can resume accumulation without increasing leverage or weakening the credit profile of its preferred stock.
Market reaction will be watched closely. Its MSTR stock has been volatile, trading in the high $120s in late August after a sharp rebound from June lows near $82. STRC has traded closer to $97—though still down below par.
Read: Strategy’s MSTR Surges While STRC Preferred Shares Struggle to Reach Par
What Strategy’s Latest Bitcoin Buy Means
Saylor’s latest disclosure suggests the firm intends to keep buying Bitcoin when conditions allow while using its capital-markets tools to maintain liquidity and support the preferred-stock complex.
Strategy remains the largest corporate Bitcoin holder by a wide margin. The 4,603-BTC addition is modest relative to earlier weekly hauls that sometimes exceeded 20,000 coins, yet it ends a conspicuous drought and reaffirms the company’s identity as a Bitcoin treasury vehicle.
With zero net leverage, a multi-year USD duration, and a tighter BTC-credit spread on STRC, Strategy has positioned itself to continue its long-term accumulation strategy from a more fortified balance-sheet stance.
Whether this purchase proves the start of another sustained buying campaign will depend on Bitcoin’s price path and the firm’s ongoing ability to raise capital on acceptable terms.
Also read: Inside Crypto’s Fastest Week of 2026: Bitcoin’s August Price Rally Was Not a Retail Story
