Strategy purchased 4,603 Bitcoin during the week ending August 30th, increasing its holdings to 845,050 Bitcoin, according to a Form 8-K filed with the U.S. Securities and Exchange Commission.

The company spent $369.7 million on the purchase, paying an average of $80,318 per Bitcoin including fees and expenses. Its total holdings were acquired for $63.73 billion at an average price of $75,412 per Bitcoin.

Strategy financed its activities through an at-the-market offering that sold approximately 4.53 million MSTR common shares between August 24th and August 30th. 

The sales generated net proceeds of $602.8 million. No preferred shares were sold during the period.

In addition to funding the Bitcoin acquisition, Strategy used $151.8 million of the proceeds to repurchase 1,557,177 STRC preferred shares and $50.7 million to pay STRC dividends. 

Another $30 million was directed to its general-purpose cash account.

As of August 30th, Strategy reported a $5.10 billion reserve intended primarily to support preferred-stock dividends and interest payments, along with $1.61 billion in a separate account available for Bitcoin purchases and other corporate purposes. 

The combined $6.71 billion balance included proceeds from stock sales that had not yet settled.

In a social-media post, Executive Chairman Michael Saylor described the cash increase as $29 million and said Strategy’s net leverage had fallen to zero. 

The filing listed a $30 million cash allocation but did not provide a net-leverage calculation.

Strategy had $364.8 million remaining under its preferred-share repurchase authorization. A separate $1 billion MSTR common-stock repurchase authorization remained unused.