MicroStrategy Buys 155 BTC, Holdings Now 628,946 BTC
MicroStrategy bought 155 Bitcoin between August 4–10 at an average of $116,401 per BTC, spending about $18 million. The company’s holdings rose to 628,946 BTC, acquired for a total of $46.09 billion since 2020. At current prices near $119,700, its Bitcoin stake is valued at $75.17 billion, marking a 63% unrealized gain. Co-founder Michael Saylor signaled the latest purchase on social media, following a record 21,021-BTC buy last month. Data from Sentora show MicroStrategy leads all corporations and governments in Bitcoin treasury holdings, accounting for one-third of the 1.86 million BTC held by institutions. The ongoing buying spree highlights growing corporate treasury adoption of Bitcoin and may bolster market momentum.
Bullish
MicroStrategy’s steady accumulation of Bitcoin signals strong institutional demand, which can drive price support in the short term as buy pressure reduces available supply. Repeated large-scale purchases by a high-profile entity like MicroStrategy also enhance market confidence, potentially attracting more institutional and retail investors. Over the long term, such sustained corporate treasury adoption contributes to Bitcoin’s narrative as a reliable store of value, underlining its scarcity and reinforcing bullish sentiment among traders.