Strategy Ends 10-Week Pause, Buys 4,603 Bitcoin for $370 Million

Strategy, the software company formerly known as MicroStrategy, bought 4,603 bitcoin for about $370 million in late August 2026, ending a roughly 10-week purchasing pause, according to The Motley Fool and 99Bitcoins. The purchase lifted the firm’s total holdings to 845,050 BTC, valued at about $68.5 billion at the time of reporting.

What happened?

After going about 10 weeks without adding to its position, Strategy resumed accumulation with a 4,603-BTC purchase for roughly $370 million, 99Bitcoins reported. The Motley Fool put the same acquisition at “$370 million” of bitcoin bought “in late August,” and said it brought the company’s stack to 845,050 coins worth about $68.5 billion at the time of writing.

According to coverage of the disclosure, the buy was funded through newly issued shares — consistent with the equity-financed model Strategy has used to build the largest corporate bitcoin treasury of any publicly traded company. The Motley Fool noted the decision was framed by CEO Phong Le, who indicated the company “was still bullish on Bitcoin” and characterized earlier 2026 sales as steps taken “only…to cover its preferred dividends and reduce its debt,” rather than a change in strategy.

Reports on the purchase also referenced the company’s blended cost basis; one tally cited an average purchase price near $75,412 per coin across its holdings. As with all such figures, that number reflects the specific filing and reporting it came from, and can shift with each new acquisition. The purchase was reported around the start of September, covering buying that took place in the final week of August.

The resumption is notable because Strategy had spent parts of 2026 as a net seller rather than a buyer. Coverage of the company’s earlier moves described trimming positions to meet obligations, a stance management has been at pains to distinguish from any loss of conviction in bitcoin itself. Phong Le’s framing — that sales were made “only…to cover its preferred dividends and reduce its debt” — was meant to reassure holders that the treasury strategy remained intact even during the pause.

Why does it matter?

Strategy remains the bellwether for corporate bitcoin adoption, and its buying cadence is watched as a proxy for institutional conviction. A 10-week gap had prompted questions about whether the company was stepping back; resuming purchases — and doing so with equity issuance — signals that management intends to keep expanding the position rather than merely holding.

The scale is hard to overstate: at 845,050 BTC, Strategy controls a substantial share of all bitcoin held by public companies. Broader trackers cited in recent coverage put the number of public companies with some bitcoin-acquisition strategy at roughly 200 as of mid-2026, together holding well over a million coins — but Strategy alone accounts for a large slice of that total, underscoring how concentrated corporate demand remains in one issuer.

Because the firm funds much of its accumulation by issuing shares that often trade at a premium to the net asset value of its bitcoin, its capital-markets activity is closely tied to bitcoin sentiment. When the share premium is wide, issuing stock to buy more bitcoin can be accretive on a per-share basis; when it narrows, that math changes. That dynamic cuts both ways, which is why the resumption drew attention across financial and crypto media alike. This article reports the company’s disclosed actions; it is not a recommendation to buy or sell any security or asset.

What to watch next?

The next signals will come from Strategy’s regular disclosures — including SEC filings and any weekly purchase updates — showing whether the late-August buy marks a return to a steady accumulation pace or a one-off. Investors and analysts will also track the premium (or discount) of the company’s shares to the value of its bitcoin, and how any further equity issuance is received. The interplay with macro conditions matters too: with the Federal Reserve’s mid-September rate decision looming, the cost and appetite for the equity raises that fund Strategy’s purchases could shift quickly. Broader corporate-treasury moves, from newer entrants to established holders, provide context on whether Strategy’s resumption reflects a wider shift. Follow updates on our Bitcoin news hub.

Sources: The Motley Fool — Strategy buys $370M in bitcoin after 2-month pause; 99Bitcoins — Strategy adds 4,603 BTC; Yahoo Finance — Strategy resumes bitcoin accumulation.

This is news reporting, not investment advice.