Strategy buys 4,603 Bitcoin for $370 million, lifting holdings to 845,050 BTC

  • Strategy bought 4,603 Bitcoin and increased its total holdings to 845,050 BTC.
  • $370 million funded the Bitcoin purchase, while dollar reserves rose by $29 million.
  • Strategy repurchased $152 million of STRC preferred stock and reported 0.0% net leverage.

Strategy bought an additional 4,603 Bitcoin for $370 million last week, increasing its total holdings to 845,050 BTC. As of Aug. 30, the company held $6.71 billion in dollar assets, including $5.1 billion in dollar reserves and $1.61 billion in cash, while increasing its dollar reserves by $29 million during the week. Strategy also repurchased $152 million of its STRC preferred stock, bringing net leverage to 0.0%. Chairman Michael Saylor said the move strengthened STRC's financial structure and increased the company's USD duration, a measure of how long its dollar assets can cover dividends, by 23 days to 4.0 years. Saylor disclosed the purchase in a post on X on Aug. 31.

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Strategy buys 4,603 Bitcoin for $370 million, lifting holdings to 845,050 BTC - CoinPost Terminal