Strategy, the publicly traded firm headed by Michael Saylor, is preparing for its third Bitcoin acquisition in August, continuing a pattern of regular purchases for its corporate treasury.
The company’s latest buy took place on August 18, when it acquired 430 BTC for $51.4 million, pushing its total holdings to 629,376 BTC—valued at over $72 billion at current prices.
Strategy’s accumulating approach
August’s acquisitions have been modest by Strategy’s historical standards, as the company typically purchases thousands or even tens of thousands of BTC per transaction.
So far this month, only 585 BTC have been acquired in two separate deals, yet Strategy remains the leading public company in terms of bitcoin reserves by a wide margin.
For more on Strategy’s historical and current holdings, see the MicroStrategy bitcoin holdings tracker.
Impact on the bitcoin market
Shirish Jajodia, corporate treasurer, recently emphasized that Strategy’s buying methods do not directly affect the bitcoin market price.
The company acquires coins through over-the-counter transactions and private deals, avoiding spot exchanges. Jajodia stated:
“Bitcoin’s trading volume is over $50 billion in any 24 hours — that’s huge volume. So, if you are buying $1 billion over a couple of days, it’s not actually moving the market that much.”
Stock performance under pressure
Despite its ongoing bitcoin accumulation, Strategy’s share price has experienced volatility, dropping to its lowest levels since April 2025 before rebounding slightly.
This mirrors a broader trend among bitcoin treasury companies during the second half of the year.
For a comparative view of Strategy’s stock versus bitcoin, see the MSTR stock vs bitcoin chart.
The broader corporate trend
Strategy’s continued acquisitions and advocacy have helped spark a trend of corporate bitcoin adoption, with other firms and institutional investors increasingly viewing bitcoin as a treasury reserve asset.
