Key conclusions
- The American company Strategy purchased 4,603 BTC for USD 369.7 million, paying an average of USD 80,318 per unit.
- The company’s total holdings increased to 845,050 BTC with a market value of USD 66.1 billion.
- Strategy’s reserve currently represents over 4% of the maximum limited supply of 21 million bitcoins.
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%. $MSTR
strategy.comStrategy Acquires 4,603 BTC, Increases USD Cash to $1.61 Billion, and Repurchases $152 Million of…August 31, 2026
The value of accumulated digital assets is USD 66.1 billion. This means that the unrealized profit valued at the market rate of USD 78,000 amounts to almost USD 2.34 billion. The company currently controls over 4% of the total limited supply of 21 million coins hard-coded in the bitcoin source code.
Purchase financing strategy
The funds for the transaction came entirely from the at-the-market program of issuing Class A ordinary shares (MSTR). Last week, the company liquidated 4,531,421 securities on the public market, raising USD 602.8 million. From the obtained capital pool, the management board allocated USD 369.7 million directly to the cryptocurrency market. The amount of USD 151.8 million was allocated to the purchase of 1,557,177 STRC preferred shares, and another USD 50.7 million was allocated to the payment of dividends to holders of STRC securities.
The remaining USD 30 million was credited to the corporate cash account in US currency. As of August 30, 2026, this reserve had a balance of USD 1.61 billion. The separate USD reserve amounted to USD 5.1 billion. SEC documentation indicates that the company still has MSTR shares worth USD 19.09 billion available for use under the ATM program.
Breaking downtime and new capital architecture Strategy
The August purchase ends a pause of several weeks during which the entity stopped expanding its position. Michael Saylor signaled the change of heart in a post on Platform X on Sunday with the words “We’re back.” On Monday morning, he published another message saying “paint the bears orange”, which in the investor community is a constant signal announcing the disclosure of new transactions on the cryptocurrency market.
The recently implemented Digital Credit Capital Framework imposes strict liquidity management rules. The USD foreign exchange reserve serves only to secure interest payments and the payment of dividends on preferred shares. The Board authorized a $1 billion digital debt securities purchase program with a focus on STRC and an independent $1 billion common stock purchase program. The expanded monetarization program allows for the sale of up to USD 5 billion worth of bitcoin to service liabilities, if necessary.
Market competition and the situation on the stock exchange
The stock exchange valuation of MSTR shares increased by 6.3% last week, reaching USD 127.31 at Friday’s close. Bitcoin itself gained 1% during this time, although the monthly growth rate exceeds 25%. However, entities building reserves are facing a decline in valuations compared to the peaks in the summer of 2025. The mNAV for MSTR stock is currently 1.07 with the stock down 63% from all-time highs.
The information presented in the article does not constitute investment advice.
