MicroStrategy Ends 10-Week Pause With $370 Million Bitcoin Purchase

MicroStrategy announced on Monday that it has bought 4,603 Bitcoin for a total of $369.7 million, paying an average of $80,318 per coin. The purchase ends a ten‑week pause during which the company focused on building cash reserves and repurchasing its preferred stock.

Details of the Purchase

The acquisition brings the firm’s Bitcoin holdings to 845,050 BTC and its cash balance to $6.71 billion. In the same filing, MicroStrategy disclosed an increase of $29 million in USD cash and a $152 million repurchase of its preferred securities (STRC).

Strategic Shift

During July and August the company sold Bitcoin, expanded its dollar reserves, and prioritized obligations linked to its preferred stock offerings. The new buy signals a return to its long‑standing strategy of using Bitcoin as the primary reserve asset.

Investor Perspective

As the world’s largest publicly traded corporate Bitcoin holder, MicroStrategy’s moves are closely watched. The purchase occurs while Bitcoin is trading above the firm’s historical average acquisition cost, indicating a willingness to accumulate despite higher prices. Market participants will look for further SEC filings, funding sources for additional buys, and the broader market reaction.