Bitcoin held near $80,000 on Sunday, Sept. 6, after climbing more than 5% on Sept. 3 and briefly reaching above $82,000 during the week. Market data showed Bitcoin at about $79,900 on Sunday, while Strategy disclosed a $369.7 million purchase and BlackRock’s spot Bitcoin ETF recorded $454 million in net inflows on Sept. 3.
The buying came as U.S. monetary-policy expectations remained unsettled. The Bureau of Labor Statistics reported that U.S. nonfarm payrolls increased by 162,000 in August while unemployment held at 4.1%, while Federal Reserve Governor Christopher Waller said he could support keeping rates unchanged if incoming inflation data continued to show disinflation.
Strategy Resumes Bitcoin Accumulation With $369.7M Purchase
Strategy reported to the U.S. Securities and Exchange Commission that it purchased 4,603 Bitcoin between Aug. 24 and Aug. 30 for $369.7 million, paying an average of $80,318 per Bitcoin. The purchase lifted its total holdings to 845,050 Bitcoin at an aggregate cost of $63.73 billion and an average acquisition price of $75,412 per coin.
The purchase followed a roughly 10-week pause in Bitcoin acquisitions, according to company disclosures and subsequent reporting on the transaction. Strategy funded the purchase during a week in which it also repurchased 1,557,177 shares of its STRC preferred stock for $151.8 million.
At Bitcoin’s current price near $80,000, Strategy’s disclosed holdings represent roughly $67.6 billion in market value, based on its 845,050-coin balance. The company remains exposed to Bitcoin-price movements because its digital-asset holdings substantially exceed the average acquisition price disclosed in its latest filing.
BlackRock ETF Draws $454M as Institutional Demand Returns
BlackRock’s iShares Bitcoin Trust, known by its ticker IBIT, recorded $454 million in net inflows on Sept. 3, according to ETF flow data reported for that trading session. Total U.S. spot Bitcoin ETFs recorded about $730.8 million in combined inflows that day, putting IBIT’s share at roughly 62%.
The $454 million figure represents investor flows into the ETF rather than a direct proprietary Bitcoin purchase by BlackRock. BlackRock’s official IBIT materials state that the fund provides investors with exposure to Bitcoin through an exchange-traded product, while the fund held $60.34 billion in net assets as of Aug. 28.
IBIT’s scale gives the fund a significant channel for institutional and other regulated-market demand. BlackRock reported 1.373 billion IBIT shares outstanding and a $43.90 closing price as of Aug. 28, with Bitcoin serving as the fund’s sole underlying asset.
Fed Policy and Jobs Data Put $80,000 Rally to the Test
The U.S. labor market delivered a stronger employment reading in August, with payrolls rising by 162,000 and the unemployment rate remaining at 4.1%, according to the Bureau of Labor Statistics. The August payroll increase was above the 31,000 average monthly gain recorded over the previous 12 months.
Waller’s Sept. 3 remarks provided a more conditional signal on rates. The Federal Reserve governor said he would support holding the federal funds rate at its current level if August inflation showed continued progress toward the Fed’s 2% objective, but said a hotter inflation reading could make him support a rate increase at the Sept. 15-16 FOMC meeting.
The next major inflation test is scheduled for Sept. 11, when the Bureau of Labor Statistics is due to release the August Consumer Price Index at 8:30 a.m. Eastern time. The report will arrive four days before the Federal Reserve’s scheduled Sept. 15-16 policy meeting.
CLARITY Act Vote Adds a Regulatory Catalyst
The U.S. Senate is also scheduled to consider the Digital Asset Market Clarity Act, or H.R. 3633, with a cloture motion set to ripen Sept. 15 at 2:15 p.m., according to the Senate Democratic Caucus’ published schedule. The procedural action concerns legislation intended to establish a federal framework for digital-asset markets.
The timing places the legislation alongside the Federal Reserve’s September policy meeting. The Senate schedule shows the CLARITY Act’s procedural action and the FOMC meeting occurring within the same week, creating two separate policy events that could affect expectations around U.S. cryptocurrency regulation and monetary conditions.
For now, Bitcoin’s move back toward $80,000 is supported by measurable institutional flows and renewed corporate accumulation, while monetary policy remains conditional on incoming inflation data. Strategy’s 845,050-Bitcoin position and IBIT’s $60.34 billion in net assets provide a substantial institutional base as the market approaches two closely watched September policy events.