Strategy Makes First Bitcoin Purchase Since June as Cryptocurrency On Pace for Best Month in Nearly 2 Years. — Barrons.com

By Kit NortonStrategy, the largest corporate holder of Bitcoin, announced Monday it made its first purchase of the cryptocurrency buy since late June, purchasing $369.7 million worth of Bitcoin last week.Strategy stock rose 1% to $128.46 in premarket trading on Monday after a 7% drop Friday.Bitcoin prices on Monday have fallen 1.2% over the past 24 hours and were trading around $77,898, according to CoinDesk. But that's still up from $77,500 at the end of last week.Strategy purchased 4,603 Bitcoin last week for $369.7 million. The average purchase price was $80,318 each, according to the company's regulatory filing. It was the first time the company, formerly known as MicroStrategy, purchased Bitcoin since June.The purchase was funded by the sale of $602.8 worth of common stock, according to Strategy. The transactions bring Strategy's total holdings to 845,050 Bitcoin acquired for roughly $75,412 a piece.Bitcoin prices have gained 24% in August and were on pace for their best month since November 2024, according to Dow Jones Market Data. The cryptocurrency, however, remains down 11% this year and 38% below its record high of $126,272.76 from Oct. 6, 2025.Write to Kit Norton at [email protected] content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.