Strategy Buys 4,603 BTC After Selling 4.5M MSTR Shares

1 month ago 8

Key Takeaways

Strategy’s $369.7M purchase added 4,603 BTC.
Recent Bitcoin sales totaled 6,916 coins.
The purchase left a 2,313 BTC gap.
Holdings now stand at 845,050 BTC.

Saylor’s hint preceded a confirmed purchase

A day earlier, Coindoo reported that Michael Saylor had hinted at another Bitcoin purchase. Strategy’s August 31 Form 8-K turned that signal into a confirmed transaction.

The company purchased 4,603 BTC between August 24 and August 30 for $369.7 million, including fees and expenses with average price of $80,318 per Bitcoin.

At a Bitcoin price of approximately $78,400 at the time of writing, Strategy’s 845,050 BTC position would be worth about $66.25 billion, implying an unrealized gain of roughly $2.52 billion, or 4%, against its reported average cost.