MicroStrategy co-founder Michael Saylor has signaled an impending Bitcoin (BTC) purchase, which, if completed, will be the company’s third acquisition of the cryptocurrency in August.
The firm’s most recent purchase was on August 18, when it acquired 430 BTC for $51.4 million. This transaction brought MicroStrategy’s total holdings to 629,376 BTC, valued at over $72 billion. According to data from SaylorTracker, the company’s investment shows an unrealized gain of over 56%, equating to more than $25.8 billion at current prices.
The company’s acquisitions in August, totaling 585 BTC so far, have been smaller than its typical purchases, which often involve thousands of BTC at a time. MicroStrategy is the largest corporate holder of Bitcoin by a wide margin, and Saylor continues to be a vocal advocate for its adoption by both investors and institutions.
Despite its large-scale acquisitions, the company states its purchasing strategy does not directly move the Bitcoin market. Corporate Treasurer Shirish Jajodia recently explained that MicroStrategy uses over-the-counter (OTC) transactions—private agreements that occur outside of public spot exchanges—to avoid impacting the market price.
Jajodia clarified that while long-term holding by institutional investors helps raise Bitcoin’s floor price over time, factors like speculation and trader activity have a more immediate effect on short-term prices. “Bitcoin’s trading volume is over $50 billion in any 24 hours—that’s huge volume,” he stated. “So, if you are buying $1 billion over a couple of days, it’s not actually moving the market that much.”
MicroStrategy continues to add BTC to its corporate treasury even as its stock price has declined in the latter half of 2025. On Wednesday, the company’s stock hit a nearly four-month low of about $325 per share before recovering to around $358 by Friday.
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