Strategy (MSTR.US) spent 370 million dollars to increase its Bitcoin holdings after a lapse of ten weeks of restarting purchases

The Zhitong Finance App learned that Strategy Inc. (MSTR.US) resumed Bitcoin purchases after a ten-week suspension and returned to its iconic accumulation strategy. Previously, the cryptocurrency bear market put pressure on the company's stock price, weakened the market's confidence in its financing model, and prompted the company to restructure its balance sheet. According to regulatory documents submitted on Monday, the Bitcoin treasury company, co-founded and headed by Michael Saylor, purchased approximately $369.7 million in Bitcoin in the week ending August 30. As the world's largest corporate buyer of Bitcoin, Strategy also raised approximately US$602.8 million to fund this purchase through the issuance of common shares, and repurchased approximately US$151.8 million of preferred shares.

Strategy's restarting purchases this time comes at a time when conditions in its financing model have improved slightly. Bitcoin rebounded to the nearly $80,000 mark, boosting Strategy's stock price performance and pushing the company's market value closer to the value of Bitcoin's holdings. Currently, the company holds approximately $73 billion in Bitcoin.

At the same time, the company continues to reshape its balance sheet. Last week, Strategy set up a separate cash pool in addition to the original reserves, giving management more flexibility to meet preferred stock dividend payments, debt repayment, and other business operating needs. The size of the two reserve pools is US$5.1 billion and US$1.61 billion, respectively.

Despite this, recovery is still limited. Strategy's stock price is still far below the high valuation level at the beginning of this cycle — issuing shares at that time provided a more convenient channel for the company to raise capital to buy Bitcoin. Although the recent rebound has improved, it has yet to restore the financing engine that previously supported its large-scale accumulation.