- The acquisition cost $449.3 million, with the company paying an average of $110,981 per coin.
- After the recent purchase, Strategy’s total bitcoin holdings rose to 636,505 BTC.
- The company’s latest buy follows a series of smaller acquisitions in August.
Strategy, the world’s largest publicly traded company holding bitcoin and led by Michael Saylor, disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) on Tuesday that it purchased 4,048 bitcoin between August 25 and September 1.
The acquisition totaled $449.3 million, with the company paying an average of $110,981 per bitcoin.
According to CoinGecko data cited in the filing, the purchases occurred as bitcoin briefly climbed above $113,000 before falling below $108,000 last Friday.
Strategy’s BTC Bet
Following the most recent acquisition, Strategy’s aggregate bitcoin holdings increased to 636,505 BTC.
The company has assembled reserves worth approximately $46.95 billion at an average purchase price of $73,765 per coin.
Strategy stated that recent purchases were funded through proceeds from sales of its Class A common stock (MSTR) in the open market as well as through its perpetual preferred share programs, including Strike (STRK), Strife (STRF) and Stride (STRD).
The company reported selling 1,237,000 MSTR shares for $425.3 million, and it has $16.31 billion still available under its at-the-market issuance program.
Additionally, the company sold 199,509 STRK shares for about $19 million, leaving $20.39 billion available; 237,931 STRF shares for $26.5 million, leaving $1.8 billion available; and 12,973 STRD shares for $1 million, leaving $4.17 billion available.
August Buying Activity Slows
The latest purchase follows a series of smaller buys made during August.
Last week, Strategy announced buying 3,081 BTC, following earlier acquisitions of 430 BTC and 155 BTC in the same month.
Combined with the most recent purchase, the company acquired 7,714 BTC in August, well below the 31,466 BTC it bought in July.
Saylor had signaled the possibility of further purchases prior to the filing and posted an update over the weekend on Strategy’s bitcoin tracker, stating that bitcoin was “still on offer.”
The company also confirmed that a group of investors dropped a class-action lawsuit on Thursday.
The lawsuit, filed in May, alleged that Strategy made false and misleading statements about its investment strategy.
The BTC Treasury Race
Data from Bitcoin Treasuries show that 163 publicly traded companies have adopted some form of bitcoin acquisition model.
Other major holders include MARA with 50,639 BTC; the Tether-backed Twenty One with 43,514 BTC; Bitcoin Standard Treasury Company supported by Adam Back and Cantor Fitzgerald with 30,021 BTC; Bullish with 24,000 BTC; Metaplanet with 20,000 BTC; Riot Platforms with 19,239 BTC; Trump Media & Technology Group with 15,000 BTC; CleanSpark with 12,703 BTC; and Coinbase with 11,776 BTC.