Tag: Strategy bitcoin purchases

Bitcoin (BTC) at a Critical Junction After Rally: Analysts Say Further Gains Depend on Two Events

Bitcoin surged 24% in August, marking its strongest monthly gain since November 2024. After the sharp rally, the cryptocurrency stabilized near $78,000 as high oil prices and rising U.S. Treasury yields limited further upside.

At the same time, expectations for a September interest rate hike increased significantly following Federal Reserve Chairman Kevin Warsh’s speech in Jackson Hole. Despite the more hawkish outlook from the Fed, analysts say Bitcoin continues to hold key support levels.

Bitcoin Holds Critical Support at $77,100

According to Bitfinex analysts, Bitcoin is holding its critical support level at $77,100 despite signals that the Federal Reserve may pursue a more hawkish monetary policy.

Bitfinex’s latest Alpha report said Bitcoin experienced a sharp pullback last week after climbing to $81,500 following Kevin Warsh’s remarks at Jackson Hole. However, Bitcoin’s ability to remain above $77,100 suggests that the broader uptrend has not yet been broken.

Spot Bitcoin Buying Supports the Rally

Bitfinex analysts said Bitcoin’s August surge was not driven solely by leveraged trading. Actual purchases in the spot market also contributed to the cryptocurrency’s rise.

U.S. spot Bitcoin ETFs recorded total net inflows of $924.5 million during the week of August 24-28. Bitfinex said liquidity concentrated in ETFs and stablecoins is supporting the Bitcoin and broader crypto market uptrend, although high inflation and expectations of future interest rate hikes could restrict additional gains.

U.S. employment data due on September 4 and inflation data scheduled for September 11 are expected to be important for market expectations surrounding the Federal Reserve’s September interest rate decision.

Can Bitcoin Hold Above $80,000?

Bitcoin fell below $80,000 after Kevin Warsh’s hawkish speech at Jackson Hole but has continued to hold the $77,100 support level.

Questions remain over whether Bitcoin can sustain a move above $80,000. Bitfinex points to strong spot Bitcoin demand and approximately $925 million in net inflows into spot Bitcoin ETFs as factors supporting the market. However, some analysts remain cautious about the durability of the rally.

Greeks.live analyst Adam said ETFs had recorded large inflows, but the strong inflow streak ended with a $202 million outflow on August 28. The analyst warned that continued ETF outflows, and the possibility that they could become permanent, may make it more difficult for Bitcoin to remain above $80,000.

The analyst also discussed Strategy’s decision to resume Bitcoin purchases after a long pause. According to the analyst, Strategy’s purchases could support the price in the short term but may not be sufficient on their own to alter the long-term trend.

Macroeconomic Risks Remain

The analyst said the Federal Reserve’s hawkish stance and broader macroeconomic uncertainty remain among the main risks facing Bitcoin, echoing concerns raised by Bitfinex.

These factors are putting additional pressure on investor confidence and the Bitcoin price. The analyst believes it is too early to describe the market as a new strong bull trend without a sustained move above $80,000. ETF flows and Federal Reserve policy are likely to play a decisive role in determining Bitcoin’s short-term direction.

This is not investment advice.

09/01/2026
Strategy Splits $603 Million Share Sale Between Bitcoin Purchases and STRC Support

Strategy raised $602.8 million by selling 4,531,421 MSTR common shares in one week, allocating the proceeds across a new Bitcoin purchase, support for its STRC preferred stock, and additional cash.

According to the company’s Aug. 31 filing, Strategy used $369.7 million to buy Bitcoin, $151.8 million to repurchase 1,557,177 STRC shares, $50.7 million to pay STRC dividends, and $30 million to fund its USD Cash account.

STRC is variable-rate cumulative perpetual preferred stock. The transaction demonstrates how Strategy is using proceeds from common-stock sales to support both Bitcoin accumulation and its preferred-stock strategy.

The four disclosed uses total $602.2 million, which is $0.6 million below the filing’s rounded net-proceeds figure of $602.8 million. The filing reports each allocation to one decimal place but does not separately reconcile the difference.

Strategy’s $602.8 million in MSTR proceeds was split among Bitcoin purchases, STRC repurchases, STRC dividends, and additional USD Cash.

Bitcoin remained the largest destination

Strategy bought 4,603 $BTC from Aug. 24 through Aug. 30 at an average price of $80,318 per $BTC, including fees and expenses. The purchase increased its holdings from 840,447 $BTC to 845,050 $BTC, according to the filing and the company’s official Bitcoin ledger.

The company reported an aggregate purchase cost of $63.73 billion and an average cost of $75,412 per $BTC for its entire position.

In its Aug. 24 filing, Strategy reported no Bitcoin purchases or sales during the previous weekly period. The Aug. 31 filing then disclosed the purchase of 4,603 $BTC, while the remaining proceeds supported other parts of the balance sheet.

Strategy also supported STRC and cash reserves

Strategy sold no preferred shares through its at-the-market programs during the latest period. Instead, it used $202.5 million of the MSTR proceeds for STRC repurchases and dividends. After the buyback, the company said $364.8 million remained available under its broader preferred-stock repurchase program.

The remaining $30 million went to USD Cash, a flexible account that Strategy says may be used for Bitcoin purchases, reserve expansion, capital management, and similar corporate purposes.

USD Cash is separate from the USD Reserve, which is intended to support preferred dividends and interest on outstanding debt. As of Aug. 30, Strategy reported $1.61 billion in USD Cash and a $5.1 billion USD Reserve.

Both balances included expected proceeds from at-the-market share sales that had not yet settled.

Bitcoin was still the largest disclosed destination for the week’s MSTR proceeds. However, the filing also shows that Strategy’s common-stock issuance is now supporting three distinct priorities: expanding its Bitcoin holdings, meeting preferred-stock obligations and funding buybacks, and maintaining flexible cash.

09/01/2026
Former Credit Suisse Executive Reveals Extremely Bullish Bitcoin Price Forecast

Institutional interest in Bitcoin continues to generate notable market predictions. CK Zheng, a former global valuation risk manager at Credit Suisse, said Bitcoin’s worst period may be over and forecast that the price of $BTC could reach $150,000 by the end of 2027.

Regulation and institutional adoption could support Bitcoin

According to Zheng, several factors could help trigger a new Bitcoin bull cycle. These include lower regulatory uncertainty across the cryptocurrency sector, continued institutional adoption, and the potential passage of the US regulation known as the CLARITY Act.

Zheng also said rising US government debt could increase demand for both Bitcoin and gold. Investors may increasingly turn to $BTC and gold as hedges against a potential decline in the dollar’s purchasing power. Bitcoin was trading at approximately $78,535 when the statements were made.

Strategy resumes Bitcoin purchases

Strategy Chairman Michael Saylor also announced that the company has resumed buying Bitcoin.

Data shared by Saylor via X showed that Strategy purchased an additional 4,603 $BTC for approximately $370 million. During the same period, the company increased its cash assets by $29 million, while the value of its share buybacks rose by $152 million.

Saylor said that, as of August 30, 2026, Strategy held a total of 845,050 $BTC and $6.71 billion in US dollar assets. The company’s net leverage was also reported to have declined to 0%.

At Bitcoin’s current price of around $78,535, Strategy’s 845,050 $BTC holdings have an estimated market value of approximately $66.4 billion. If Zheng’s $150,000 price target is reached, the theoretical value of the company’s current Bitcoin reserve could exceed $126.7 billion.

A chart shows the current price of $BTC.

This is not investment advice.

08/31/2026
Michael Saylor Hints at First Bitcoin Purchase in Two Months as Bitcoin Nears $79,000

Michael Saylor has hinted that Strategy may have made its first bitcoin purchase since June 22, as bitcoin approached $79,000.

Bitcoin was up nearly 1% over the previous 24 hours and more than 2.5% from Friday’s low, following Federal Reserve Chair Kevin Warsh’s hawkish speech at Jackson Hole.

Strategy executive chairman Saylor posted “We’re Back” on X, suggesting that the company may have resumed its bitcoin purchases after a two-month pause.

Strategy shifts focus back to bitcoin purchases

The bitcoin accumulation company had spent the past few months, beginning in May, selling part of its bitcoin holdings to strengthen its balance sheet. More recently, Strategy stopped selling bitcoin and instead sold MSTR shares to increase its U.S. dollar reserves. It also began buying back its preferred stock, STRC.

Strategy now has nearly four years of preferred-dividend coverage. As a result, any new capital raised is likely to support additional bitcoin purchases and further STRC preferred-stock buybacks rather than increase the company’s U.S. dollar reserves.

STRC climbed as high as $98 on Friday, but Strategy is likely to continue its buybacks in an effort to help the preferred stock return to $100.

Read more: Strategy cuts net leverage to near zero as cash nearly matches convertible debt

Source: cryptonews.net

08/30/2026