- The acquisition cost $449.3 million, with the company paying an average of $110,981 per coin.
- Following the latest purchase, Strategy’s total Bitcoin 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 on Tuesday in a filing with the U.S. Securities and Exchange Commission 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 as Bitcoin briefly rose above $113,000 before falling below $108,000 last Friday.
Strategy’s BTC bet
Following the latest acquisition, Strategy’s total Bitcoin holdings increased to 636,505 BTC.
The company acquired its reserves for approximately $46.95 billion, at an average purchase price of $73,765 per coin.
Strategy said the latest purchases were funded through proceeds from market sales of its Class A common stock (MSTR) and from its perpetual preferred stock programs, including Strike (STRK), Strife (STRF), and Stride (STRD).
Strategy reported selling 1,237,000 MSTR shares for $425.3 million, with $16.31 billion still available for issuance under its at-the-market program.
In addition, the company sold 199,509 STRK shares for about $19 million, leaving $20.39 billion remaining; 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 company’s latest purchase follows a sequence of smaller buys in August.
Last week Strategy announced the acquisition of 3,081 BTC, along with earlier August purchases of 430 BTC and 155 BTC.
Combined with the most recent purchase, the company acquired 7,714 BTC in August — substantially fewer than the 31,466 BTC bought in July.
Saylor had indicated the likelihood of further purchases ahead of the filing, posting an update to Strategy’s Bitcoin tracker over the weekend and saying Bitcoin was “still on sale.”
The company also confirmed that on Thursday a group of investors dropped a class-action lawsuit.
The suit, filed in May, alleged that Strategy had made false and misleading statements about its investment strategy.
The race for BTC treasuries
According to Bitcoin Treasuries data, 163 public companies have adopted some form of Bitcoin acquisition model.
Other major holders include Marathon Digital (MARA) with 50,639 BTC; Tether with 43,514 BTC; Bitcoin Standard Treasury Company with 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.