MicroStrategy ends Bitcoin buying pause with $370 million acquisition

After a 10-week hiatus, MicroStrategy has resumed Bitcoin purchases, acquiring 4,603 BTC for roughly $369.7 million at $80,318 per coin.

The acquisition is the company's first major Bitcoin buy since late June and follows weeks of speculation that began when Executive Chairman Michael Saylor posted “We’re ₿ack” on X.

Bitcoin Buying Resumes at MicroStrategy

On Monday, Strategy announced it bought 4,603 BTC for $369.7 million, paying an average of $80,318 each. The transaction ends a 10-week stretch during which the firm focused on building cash reserves, supporting its preferred securities, and temporarily halting regular Bitcoin buys.

The announcement confirmed market expectations after Saylor hinted at renewed buying over the weekend. Investors had been closely watching Monday’s filing for confirmation that the company’s Bitcoin treasury strategy was back in motion.

Strategy has acquired 4,603 BTC for $370M, increased USD Cash by $29M, and repurchased $152M of $STRC. As of 8/30/26, we hold 845,050 bitcoin:native and $6.71B of USD Assets, bringing Net Leverage to 0.0%. $MSTR https://t.co/XAAEZV5Gil

— Michael Saylor (@saylor) August 31, 2026

Shift Away From Capital Preservation

The purchase represents a clear change from Strategy’s recent approach. Throughout July and August, the company sold Bitcoin, expanded its dollar reserves, and focused on managing obligations tied to its preferred stock offerings rather than adding to its crypto holdings. That strategy led some investors to question whether aggressive Bitcoin accumulation had taken a back seat.

Monday’s acquisition suggests the company is once again deploying capital into its flagship treasury asset, reinforcing Michael Saylor’s long-standing conviction that Bitcoin remains the company’s primary reserve asset.

What Investors Are Watching For

As the world’s largest publicly traded corporate Bitcoin holder, every purchase by Strategy is closely monitored by both crypto and equity investors. Its buying activity is often viewed as a signal of institutional confidence, particularly during periods of market uncertainty.

The latest acquisition also comes as Bitcoin trades well above Strategy’s historical average acquisition cost, highlighting the company’s willingness to continue accumulating despite higher prices.

Investors will now watch whether this marks the start of another sustained buying cycle or a one-off purchase. Attention will also turn to future SEC filings, funding sources for additional acquisitions, and Bitcoin’s market reaction as institutional demand continues to shape price action.