MicroStrategy Buys 3,511 BTC for $408M as Bitcoin Slips to $112K
MicroStrategy bolstered its Bitcoin holdings with two recent buys: 430 BTC ($51.4 M) at an average of $119,666 and 3,081 BTC ($356.9 M) at $115,829, executed as BTC swung from record highs near $124,000 to lows around $112,000. These purchases lift MSTR’s total Bitcoin stash to 632,457 BTC, acquired at an overall average cost of about $73,500 per coin. In August, the firm added 3,666 BTC—down sharply from July’s 31,466 BTC—reflecting a more cautious pace of accumulation amid market volatility. This trend underscores growing institutional demand for Bitcoin and highlights key support levels around $112,000, offering traders insight into short-term price floors and long-term accumulation strategies.
Bullish
MicroStrategy’s strategic Bitcoin buys at market dips signal strong institutional confidence and create fresh support around $112K, likely stabilizing price and boosting trader sentiment. Short term, these purchases establish clear price floors; long term, they reinforce accumulation trends that underpin bullish momentum.