Strategy, formerly known as MicroStrategy, bought 4,603 Bitcoin for $369.7 million between August 24 and 30, Executive chairman Michael Saylor announced on August 30. The purchase ended a 10-week buying pause during which Strategy had been a net seller, disposing of approximately 7,000 BTC for around $432.5 million to fund preferred-stock dividends and share repurchases. The company sold roughly 18.26 million MSTR shares for approximately $2.01 billion in the week before the Bitcoin purchase, creating a $1.59 billion "USD Cash" reserve designated for further Bitcoin acquisitions and bringing total available liquidity to around $6.69 billion. The latest purchase used those share-sale proceeds. Strategy now holds approximately 840,447 BTC, equal to roughly 4% of Bitcoin’s circulating supply, with an average acquisition cost of approximately $75,385 per coin and a total cost basis of about $63.36 billion. With Bitcoin near $79,000 when Saylor announced the purchase, the company’s unrealized gains were estimated at $2.5 billion to $2.8 billion. In 2026, Strategy has acquired about 175,000 BTC while selling roughly 7,000, for a net addition of around 168,000 coins. The pause reflected funding needs tied to preferred-stock dividend obligations rather than a change in Bitcoin strategy. More than $1 billion remains designated for future purchases. Strategy’s decision to buy near $79,000 suggests its internal models point to higher prices, while a sustained decline below its average cost could turn its paper profit into a loss, potentially affecting MSTR stock and future capital raising. The company’s liquidity position indicates management is preparing to buy into both strength and potential weakness.