Strategy has resumed adding to its Bitcoin holdings, purchasing 4,603 BTC for a total of $370 million, according to the source report. The company said the coins were acquired at an average price of $80,318 each, marking its first Bitcoin purchase since June 22 after a two-week stretch with no Bitcoin buying or selling.

The latest move comes after a recent period in which the company was selling part of its Bitcoin position under a new monetization program. Those sales, which began in May, totaled $432 million across five transactions and were presented by the company as a way to strengthen cash reserves and help fund dividend payments.

Buying resumes after recent inactivity

The new purchase ends a short pause in activity for Strategy, the public company long associated with Michael Saylor’s Bitcoin accumulation strategy. After not adding to or reducing its Bitcoin stack for two weeks, the firm has now returned to buying with a transaction worth hundreds of millions of dollars.

The report identifies this as the company’s first Bitcoin purchase since June 22. That timing is notable because Strategy had recently shifted from its usual accumulation pattern by carrying out a series of sales rather than continuous additions.

Sales since May funded cash and dividend goals

Since May, Strategy has sold a combined $432 million of Bitcoin in five separate transactions. The company said those sales were made through its newly introduced BTC monetization program.

According to the source article, the purpose of the program is to increase Strategy’s cash reserves and support dividend payments. That explanation has framed the sales as part of balance-sheet and capital management rather than a change in the firm’s stated long-term conviction in Bitcoin.

Cash reserve and preferred stock activity

Michael Saylor said on Monday that Strategy increased its US dollar reserve by $29 million over the past week. He also said the company repurchased $152 million of STRC, its perpetual preferred stock.

The report describes STRC as paying a 12.00% annual dividend and being intended to maintain a par value of about $100. It added that the stock was trading at $96.66 at the time referenced in the article.

Shift in tone draws attention

Strategy was the first public company to adopt Bitcoin as its sole treasury reserve asset, and the source report says it remains the world’s largest corporate holder of BTC by a wide margin. Because of that status, any move to buy or sell Bitcoin tends to attract outsized attention.

The recent sales have also stood out because they contrast with years of public messaging from Saylor urging investors to 'never sell' Bitcoin. In the article, Saylor said that stance applied to his personal holdings rather than the company’s treasury operations, adding that he has never sold any of his own Bitcoin and that Strategy has disclosed since 2020 that it may buy or sell BTC to manage capital.

What comes next

For now, the confirmed next development is that Strategy has returned to net buying after a brief lull and after several months in which it also used Bitcoin sales as part of its capital strategy. The company’s latest disclosures suggest it is continuing to balance Bitcoin accumulation with cash management, preferred stock repurchases, and dividend-related needs.

Whether additional purchases or further monetization transactions follow was not stated in the source article. What is clear from the latest update is that Strategy is still actively managing its Bitcoin treasury rather than adhering to a simple one-way buying approach.

Source: dailyhodl.com