Strategy Adds $51M in Bitcoin as Price Peaks at $124K Before Sharp Dip

Michael Saylor’s firm boosts holdings with 430 BTC purchase amid record highs and market volatility

Strategy, the largest public Bitcoin holder, expanded its holdings last week as Bitcoin’s price surged to new all-time highs above $124,000 before retreating sharply.

According to a US Securities and Exchange Commission filing, the company acquired 430 BTC for $51.4 million during the week ending Sunday. The purchase came at an average price of $119,666 per coin, bringing Strategy’s total stash to 629,376 BTC – valued at roughly $46.15 billion at an average cost of $73,320 per coin.

The move highlighted Bitcoin’s extreme volatility, with BTC climbing to $124,000 on Wednesday before falling back to $115,000 by Sunday. As of Monday, the price hovered around $120,000, according to CoinGecko.

An excerpt from Strategy’s Form 8-K. Source: SEC

“Volatility is a gift to the faithful”

Strategy co-founder Michael Saylor addressed the price swings on X, writing, “Volatility is a gift to the faithful” after BTC’s rally gave way to steep pullbacks late in the week.

Bitcoin (BTC) price chart in the past seven days. Source: CoinGecko

Saylor noted earlier that Strategy’s Bitcoin holdings briefly reached an all-time high valuation of $77.2 billion when BTC touched record levels.

August turns into a month of “small” buys

The 430 BTC purchase followed a smaller 155 BTC acquisition the week before – a notable shift from the company’s large-scale buys earlier in the summer. Between July 14 and Aug. 3, Strategy snapped up 31,466 BTC across three separate purchases, significantly above the 17,075 BTC bought in June.

The past 10 Bitcoin purchases by Strategy since June 2. Source: Strategy

Despite the slowdown, other firms are continuing to add aggressively. Japanese investment company Metaplanet purchased 775 BTC for $93 million last week at an average of $120,006 per coin, surpassing Strategy’s most recent acquisition.

According to Bitcoin treasuries data shared by analyst NLNico and reposted by Saylor, treasury companies collectively added 3,900 BTC between Aug. 11–17, with 62 new announcements highlighting the growing adoption of Bitcoin as a corporate reserve asset.