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Strategy, the largest corporate holder of Bitcoin, has resumed accumulation after roughly two months, purchasing 4,603 BTC for approximately $369.7 million. The average purchase price was $80,318 per coin, bringing total holdings to 845,050 BTC. Funding came from the sale of 4,531,421 shares of common stock, with a portion also allocated to preferred stock buybacks and dividends. Bitcoin’s price failed to hold above $80,000 amid renewed concerns over U.S. interest rate hikes, while the Fear & Greed Index fell to 62, signaling some cooling of overheated sentiment. Pre-market trading direction for MSTR and STRC remains unclear due to conflicting reports.
Key Elements
Strategy, the largest corporate holder of Bitcoin, has resumed its accumulation campaign after roughly two months. The purchase marks the company’s first since late June, drawing market attention to whether corporate Bitcoin demand is showing signs of revival.
As of 9 a.m. on the 1st, Bitcoin was trading at $78,581 on CoinGecko, a virtual asset market data platform. Renewed concerns over additional U.S. interest rate hikes have kept Bitcoin from reclaiming the $80,000 level, with price action remaining range-bound.
Against this backdrop, CoinDesk reported that Strategy purchased an additional 4,603 Bitcoin last week. The acquisition totaled approximately $369.7 million, at an average price of $80,318 per coin. The purchase brings Strategy’s total Bitcoin holdings to 845,050 BTC. The average acquisition cost across the entire position stands at $75,412 per coin.
The funding structure for this purchase was also disclosed. Between August 24 and 30, Strategy sold 4,531,421 shares of common stock (MSTR), generating net proceeds of approximately $602.8 million after fees. Of this amount, $369.7 million was allocated to Bitcoin purchases, $151.8 million to repurchasing preferred stock (STRC), $50.7 million to STRC dividends, and $30 million was retained as cash.
During this period, Strategy repurchased 1,557,177 shares of STRC for $151.8 million. The company reported total Bitcoin acquisition costs of $63.73 billion, with dollar reserves of $5.1 billion and cash of $1.61 billion, representing total liquidity of $6.71 billion. Net leverage stands at 0.0%.
Strategy has been restructuring its capital base through common stock issuance and STRC buybacks. A portion of the funds raised has now been redeployed into Bitcoin purchases. The company remains committed to its strategy of holding Bitcoin as a primary treasury asset, with Chairman Michael Saylor consistently emphasizing Bitcoin’s long-term value appreciation.
However, Bitcoin’s price showed little reaction to the purchase news. Corporate buying appears to be taking a backseat to U.S. monetary policy and macroeconomic variables as the dominant price drivers.
Investor sentiment is showing signs of cooling. The crypto Fear & Greed Index fell 7 points from the previous day to 62. While still in “Greed” territory, the reading has stepped back from recent “Extreme Greed” levels, easing overheating concerns somewhat.
Meanwhile, market data on Strategy’s stock movement is conflicting. Some reports indicated MSTR fell more than 7% in pre-market trading from Friday’s close before rebounding slightly, while other outlets reported a gain of less than 1%. STRC similarly saw conflicting reports of a 0.7% pre-market decline versus a 0.44% gain. Until verified Nasdaq pre-market data is confirmed, the stock’s direction remains difficult to determine.
This purchase once again demonstrates that Strategy views Bitcoin not merely as an investment asset but as a core pillar of its corporate treasury strategy. The market is watching closely to see whether Strategy’s resumption of accumulation will translate into a broader recovery in institutional Bitcoin demand.
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Source: finance.biggo.com