Strategy buys 4,603 BTC for $370M

Strategy said it bought 4,603 bitcoin for about $370 million as of August 31, adding to a corporate treasury strategy it has documented through SEC filings and a public bitcoin ledger. The company’s ledger shows the purchase was made at an average price of about $80,318 per bitcoin and brought its holdings to 845,050 bitcoin. Strive, another public company that has been building a bitcoin treasury, was cited in the same August 31 market recap as having bought 1,800 bitcoin for $143 million. Strategy and Strive have both used periodic filings and investor updates to disclose purchases rather than one-off deal announcements. ### How was Strategy’s purchase disclosed? Strategy has been using its website and weekly SEC filings as disclosure channels for bitcoin purchases and treasury updates. The company’s investor relations page says it uses its website to distribute information about bitcoin purchases and holdings, and its bitcoin ledger lists the August 31 acquisition as 4,603 bitcoin for $370 million. (strategy.com) August 24 was the date of Strategy’s most recent SEC filing surfaced in search results before the August 31 ledger update. That filing showed the company continuing to pair bitcoin disclosures with updates on its at-the-market securities programs and broader capital framework. ### What does the new purchase do to Strategy’s total holdings? (sec.gov) Strategy’s bitcoin ledger shows total holdings of 845,050 bitcoin after the August 31 purchase. The same ledger lists an average acquisition price of $75,412 per bitcoin across the company’s full holdings and a cumulative acquisition cost of about $63.7 billion. The August 31 entry stands out because it reversed a run of smaller adjustments and sales earlier in the summer. (sec.gov) Strategy’s ledger shows negative bitcoin entries on August 10, August 3, July 6 and June 30, before the company resumed net additions later in August. ### Where did the Strive figure come from? Strive was cited in the August 31 social-media market recap as having bought 1,800 bitcoin for $143 million. (strategy.com) Reuters could not independently locate a newer Strive filing for the 1,800-bitcoin figure in the search results reviewed for this article. August 24 is the most recent Strive filing available in the surfaced SEC records. That filing said Strive bought 1,110 bitcoin between August 17 and August 21 at an average price of about $73,409 per bitcoin, inclusive of fees and expenses. July 6 offers the latest broader baseline for Strive’s treasury in the surfaced filings. Strive said then that it held 19,864 bitcoin as of June 30, alongside cash and Strategy preferred stock, after acquiring 6,236 bitcoin during the second quarter at an average cost of $74,290 per bitcoin. (investors.strive.com) ### Why are these companies making frequent bitcoin disclosures? (sec.gov) June 29 is when Strategy said it had adopted a “Digital Credit Capital Framework,” which it described as a structure to support preferred securities, enhance liquidity and preserve long-term bitcoin exposure. August 24 brought another update, when Strategy said it had established “USD Cash,” a designated pool of dollar liquidity that could be used for bitcoin purchases, dividends and other corporate purposes. (sec.gov) March 9 is the reference point in Strive’s earlier treasury disclosures linking bitcoin purchases to its balance sheet and holdings of Strategy’s STRC preferred stock. In a March release and SEC filing, Strive said it held $143.4 million of cash and cash equivalents and about 13,311 bitcoin, while also buying $50 million of Strategy’s STRC shares. (sec.gov) ### What should readers watch next? Weekly SEC filings are the next place to watch for confirmation of the August 31 activity. Strategy has been filing Monday bitcoin and capital-markets updates on Form 8-K, while its website ledger is updated with transaction-level purchase data. Strive has also been using Form 8-K filings to report bitcoin purchases over defined date ranges, including its August 24 disclosure covering August 17 through August 21. (investors.strive.com) (sec.gov)