Saylor’s Strategy Resumes Bitcoin Purchases with $370 Million Investment
Strategy Inc., co-founded by Michael Saylor, has resumed buying Bitcoin after a 10-week pause. The company spent $369.7 million on the cryptocurrency in the week ended August 30 and raised an additional $602.8 million through common stock sales to fund these purchases. This move follows pressure from the crypto bear market that had weakened investor confidence, led to a balance-sheet overhaul, and caused Strategy's shares to fall by about 60% over the past year. Bitcoin’s recent rebound toward $80,000 has helped lift Strategy’s stock price slightly in pre-market trading. The company now holds approximately $73 billion worth of Bitcoin and is restructuring its balance sheet for greater financial flexibility. A new cash pool was created alongside existing reserves to better manage preferred-stock dividends and debt obligations. Despite the recent improvements, Strategy's financing model remains constrained compared to earlier periods when stock issuance provided easier access to capital.
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