Key facts
- MicroStrategy resumed Bitcoin purchases after a two-month pause.
- The company acquired 4,603 BTC for $370 million between August 24-30.
- The purchase was funded by selling MSTR shares, raising $602.8 million.
- MicroStrategy's total Bitcoin holdings now amount to 845,050 BTC.
- Funds were also used for share repurchases and dividends.
MicroStrategy has resumed its Bitcoin purchases after a two-month hiatus, acquiring 4,603 BTC for $370 million between August 24 and 30. This marks the company's first purchase since mid-June. The acquisition was funded by selling 4,531,421 MicroStrategy (MSTR) shares through its at-the-market program, which raised $602.8 million. Of this amount, $369.7 million went towards Bitcoin, $151.8 million for MicroStrategy's preferred stock (STRC) buybacks, and $30 million was added to its USD Cash account. The company's total Bitcoin holdings now stand at 845,050 BTC, acquired for $63.3 billion at an average of $80,318 per coin. Michael Saylor, co-founder and executive chairman, had previously signaled the company's return to Bitcoin accumulation.