Michael Saylor’s Strategy has resumed its Bitcoin accumulation strategy, acquiring 4,603 BTC for $370 million in its first corporate purchase since mid-June. According to a Monday Securities and Exchange Commission 8-K filing, the purchase was executed at an average price of $80,318 per token, bringing the company’s total treasury holdings to 845,050 BTC. The corporate treasury has been built for a total cost of $63.3 billion at a cumulative average acquisition price of $75,413 per Bitcoin.
The latest acquisition was financed through the net proceeds of a 602 million MSTR common stock sale. Beyond the crypto allocation, Strategy deployed $30 million of the raised capital to strengthen its US dollar cash reserves and allocated $151.8 million to repurchase shares of its perpetual STRC preferred stock. Following the announcement, Nasdaq-traded MSTR shares gained less than 1% in pre-market trading, recovering slightly from a 7% drop during the previous session.
The move marks a return to market activity after a two-month pause, following a June purchase where the firm acquired 1,587 BTC for approximately $100 million. Executive Chairman Michael Saylor teased the filing on Sunday with a brief social media post stating “We’re Back,” continuing his habit of issuing weekend updates prior to major treasury announcements.
Managing STRC preferred stock remains a central element of MicroStrategy’s capital structure. The shares traded up 0.44% in pre-market activity to $97.33, representing a 2.67% discount to their $100 par value. Trading below par restricts the company’s capability to issue new STRC shares for capital raising and may require dividend rate adjustments to sustain investor demand. Strategy previously raised the annual dividend rate on STRC to 12% in late June while establishing a capital framework that permits selective Bitcoin sales to service dividend obligations, having reported a minor sale of 32 BTC earlier that month.
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