- The acquisition cost $449.3 million, with the company paying an average of $110,981 per coin.
- Following the latest purchase, Bitcoin Strategy’s total holdings rose to 636,505 BTC.
- The company’s most recent 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 U.S. Securities and Exchange Commission filing on Tuesday that it purchased 4,048 Bitcoin between August 25 and September 1.
The acquisition cost $449.3 million, with the company paying an average of $110,981 per coin.
According to CoinGecko data cited in the filing, the purchases occurred when Bitcoin briefly rose above $113,000 before slipping below $108,000 last Friday.
Strategy’s BTC bet
Following the latest acquisition, Bitcoin Strategy’s total holdings increased to 636,505 BTC.
The company has accumulated reserves valued at approximately $46.95 billion, at an average purchase price of $73,765 per coin.
Strategy said the recent buying was funded through proceeds from sales of its Class A common stock (MSTR) in the market and from its ongoing option-share programs, including Strike (STRK), Strife (STRF) and Stride (STRD).
The company reported selling 1,237,000 MSTR shares for $425.3 million, with $16.31 billion still available to issue under the program in the market.
Additionally, Strategy sold 199,509 STRK shares for roughly $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.
Slow August buying activity
The recent purchase follows a series of smaller acquisitions during August.
Strategy announced a purchase of 3,081 BTC last week, along with earlier buys of 430 BTC and 155 BTC during the month.
Combined with the latest purchase, the company acquired 7,714 BTC in August, far below the 31,466 BTC it bought in July.
Saylor hinted at potential additional purchases ahead of the filing, posting an update to the Bitcoin Strategy tracker over the weekend and noting that Bitcoin was “still on sale.”
The company also confirmed that a group of investors dropped a proposed class-action lawsuit on Thursday.
The suit, filed in May, alleged that Strategy made false and misleading statements about its investment strategy.
The BTC treasury race
Data from Bitcoin Treasury shows 163 public companies have adopted some form of Bitcoin acquisition model.
Other major holders include MARA with 50,639 BTC; Twenty One, backed by Tether, with 43,514 BTC; Adam Back and Standard Bitcoin Treasury backed by 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.