Main Points :
- Michael Saylor indicates a potential third Bitcoin acquisition by Strategy in August.
- On August 18, the company acquired 430 BTC (~US$51.4 million), lifting holdings to about 629,376 BTC (~US$72 billion).
- Unrealized gains exceed US$25.8 billion, reflecting over 56 % return.
- August’s purchases have been relatively modest (~585 BTC) compared to previous sizable acquisitions.
- Bitcoin was acquired via OTC/private deals to minimize market price impact.
- Strategy’s stock price has been volatile—recently dipping to about $325 before rebounding to ~$358.
- Strategy has revised equity issuance rules and issued preferred stock to fund further Bitcoin accumulation.
- The company’s long-term strategy continues, leveraging financial instruments amid market skepticism.
1. A Third Bitcoin Buy in August?
Michael Saylor, co-founder and executive chairman of Strategy (formerly MicroStrategy), recently hinted that the company is preparing for yet another Bitcoin purchase—potentially marking its third such move in August 2025. If executed, this would reinforce the firm’s aggressive stance on treating Bitcoin as a corporate treasury asset rather than a speculative holding.
2. Recent Acquisitions and Holdings Snapshot
On August 18, Strategy acquired 430 BTC for approximately US$51.4 million, raising its total reserves to 629,376 BTC, currently valued at over US$72 billion. SaylorTracker data indicates that the company currently holds over US$25.8 billion in unrealized gains, reflecting a return exceeding 56 % on its Bitcoin position.
3. August Purchases: Mild by Saylor Standards
Despite the bullish rhetoric, Strategy’s acquisitions this month have been modest. Two transactions added up to only 585 BTC—a far cry from the thousands or tens of thousands typically acquired per tranche.
4. Low Market Impact Through OTC Deals
Shirish Jajodia, Strategy’s corporate treasurer, emphasized that their Bitcoin deals are executed through over-the-counter (OTC) channels and private agreements—thus minimizing any direct influence on spot market prices. He noted that Bitcoin’s global trading volume exceeds US$50 billion daily, suggesting even a US$1 billion purchase over a couple of days is unlikely to significantly move the market.
5. Share Price Volatility and Corporate Finance Adjustments
While the company continues to accumulate Bitcoin, its stock has experienced volatility. Shares recently dipped to roughly US$325, a four‑month low, before recovering to around US$358.
To support continued Bitcoin acquisitions amid this volatility, Strategy has revised its equity issuance rules. Michael Saylor relaxed earlier restrictions, allowing issuance of common stock down to a market-to-asset (mNAV) ratio of 2.5. Previously, the company had required a premium significantly above that level.
Moreover, Strategy issued roughly US$2.5 billion in preferred stock (ticker: STRC) with an initial yield of around 10 %. This marks its fourth and largest preferred-stock issuance in 2025, aimed at raising funds to acquire more Bitcoin without relying solely on common equity dilution.
Additionally, earlier reports noted an ongoing program to issue up to US$21 billion in convertible perpetual preferred stock, yielding over 9%, to further boost BTC accumulation. This approach effectively reinforces a loop: issue instruments, raise capital, buy BTC, and anchor the company’s net asset value to crypto holdings, despite skepticism about sustainability.
6. Strategic Context and Long-Term Vision
Even as Strategy continues its Bitcoin build-up, critics question the long-term sustainability of this model, particularly given the limited legacy software revenue streams and dependence on capital markets for funding. Yet, Saylor remains unwavering, positioning Bitcoin as a superior store of value and a transformative corporate asset. The firm’s identity has shifted from analytics provider to one of the world’s largest Bitcoin treasuries.
7. Insert Visual Aid
At this point, the article would benefit from a clear, insightful visual:
Insert Image Here: A chart illustrating Strategy’s cumulative Bitcoin holdings and purchase events over time.
Placement: Just after paragraph 2 (“Recent Acquisitions and Holdings Snapshot”), embed the following carousel:
(This image shows evolution of MicroStrategy’s Bitcoin purchases over time, with circles representing purchase events and relative sizes.)
8. Implications for Institutional Adoption and Market Observers
Strategy’s continued accumulation underscores a broader institutional trend: treating Bitcoin not as a speculative asset, but as part of treasury management. For readers exploring new crypto assets, alternative revenue sources, or practical blockchain applications, Strategy’s model offers both inspiration and caution—highlighting the power of conviction and the importance of financial engineering, while also flagging financing risks and corporate valuation challenges.
9. Conclusion
In summary, Michael Saylor’s Strategy reiterates its aggressive Bitcoin accumulation by hinting at a third purchase in August—even as transaction sizes remain relatively modest this month. Through a combination of OTC deals, adjusted equity issuance policies, and preferred‑stock financings, the company continues to build its position as a dominant corporate Bitcoin holder. While this reinforces the legitimacy of institutional adoption, it also raises important questions about dilution, market risk, and long-term viability. For investors and professionals interested in practical crypto strategies, Strategy offers a high‑stakes case study at the intersection of finance and blockchain.
