Strategy buys 4,603 Bitcoin for $370 million, funds purchase with $603 million stock sale

Strategy resumed its bitcoin accumulation program after a two-month hiatus, purchasing roughly 4,603 coins for approximately $370 million. The company financed the acquisition through a stock offering that raised $603 million, bolstering its treasury holdings to over 845,000 bitcoin. The purchase signals a return to the firm's regular buying cadence following a period of inactivity, while it maintains substantial liquidity reserves.

• Strategy's two-month pause in buying ended with a mid-sized acquisition that adds to its already substantial bitcoin reserves.
• The company used equity capital rather than debt or existing cash reserves to fund the purchase, suggesting confidence in its valuation and market access.
• The move marks a continuation of Strategy's long-term treasury strategy, though the scale of this buy is smaller than some of its historical accumulations.