Saylor Teases Third Bitcoin Purchase by Strategy in August
Company maintains BTC accumulation despite stock price pressure
Strategy co-founder Michael Saylor has hinted at another Bitcoin acquisition, which would mark the company’s third buy of the month if executed. The move underscores Strategy’s continued commitment to building its corporate Bitcoin treasury despite recent declines in its stock price.
The firm’s latest purchase came on August 18, when it acquired 430 BTC for $51.4 million, boosting total holdings to 629,376 BTC – valued at over $72 billion at current prices. According to SaylorTracker, Strategy is sitting on more than $25.8 billion in unrealized gains, up over 56% from its average cost basis.
While Strategy has historically made large-scale acquisitions involving thousands of BTC, its August purchases have been modest, totaling just 585 BTC across two transactions so far this month. Still, the company remains the undisputed leader in corporate Bitcoin holdings, with Saylor continuing to champion Bitcoin adoption among institutions.
OTC Deals Limit Market Impact of Strategy’s Buys
Corporate treasurer Shirish Jajodia recently clarified that Strategy’s Bitcoin purchases do not directly move market prices, since the company relies on over-the-counter deals and private arrangements rather than buying through public exchanges.
“Bitcoin’s trading volume is over $50 billion in 24 hours,” Jajodia explained. “If you are buying $1 billion over a couple of days, it’s not actually moving the market that much.”
He added that institutional holders like Strategy strengthen Bitcoin’s long-term price floor, while short-term movements are more influenced by speculative trading.
Despite its steady Bitcoin accumulation, Strategy’s stock has faced pressure, dropping to around $325 on Wednesday – its lowest level in nearly four months. Shares recovered slightly by Friday, closing near $358, but remain well below their November 2024 peak.
