Thomas Daniels
Despite a sustained decline in share price from its November 2024 peak, Strategy—formerly known as MicroStrategy—continues expanding its corporate Bitcoin reserves. Co-founder Michael Saylor has indicated another potential BTC acquisition, which would mark the company’s third purchase in August.
The most recent buy occurred on August 18, when Strategy acquired 430 BTC for approximately $51.4 million, bringing its total holdings to 629,376 BTC. At current market rates, this portfolio exceeds $72 billion in value.
Data tracking shows Strategy’s Bitcoin investment is currently up over 56%, amounting to $25.8 billion in unrealized gains.
Compared to historical norms, August’s acquisitions have been relatively modest. The company typically executes purchases in the thousands or tens of thousands of BTC per transaction but has only accumulated 585 BTC this month across two deals.
Strategy remains the undisputed leader in corporate Bitcoin holdings, accounting for over 3% of the cryptocurrency’s circulating supply. Saylor continues to champion Bitcoin as a long-term store of value, advocating its use among institutional and retail investors alike.
According to Corporate Treasurer Shirish Jajodia, Strategy conducts its Bitcoin acquisitions through over-the-counter (OTC) transactions and private agreements, thereby avoiding any disruptive effect on market prices. He noted that with Bitcoin trading over $50 billion daily, even multi-hundred-million-dollar purchases have minimal short-term market impact.
Meanwhile, Strategy’s equity performance reflects the broader downturn in Bitcoin-treasury-aligned firms. Its share price fell to a four-month low of around $325 midweek but rebounded to approximately $358 by Friday.
Despite market turbulence, Strategy continues its long-term Bitcoin accumulation strategy, underscoring its conviction in the asset’s future as digital gold.
