MicroStrategy Buys 430 Bitcoin, Treasury 629K
On August 18, MicroStrategy acquired 430 Bitcoin for $51.4 million at an average price of $119,666, funded via share sales under its updated equity-at-the-market guidance. This purchase marks its third straight weekly buy, bringing the corporate treasury to 629,376 BTC—nearly 3% of circulating supply. August’s cumulative buys reached 585 BTC. To minimize market impact, MicroStrategy executes acquisitions through over-the-counter (OTC) deals and private agreements, spreading orders against Bitcoin’s $50 billion daily volume. At current prices, its Bitcoin position shows an unrealized gain of about $25.8 billion (56%). Despite Bitcoin dipping roughly 5% over the past week and MicroStrategy shares falling to a four-month low near $325 before rebounding to ~$358, the company remains committed to long-term Bitcoin accumulation and retains its status as the largest corporate Bitcoin holder.
Bullish
MicroStrategy’s continued Bitcoin accumulation—now totaling 629,376 BTC—and strategic OTC purchases signal strong institutional demand, tightening available supply and underpinning price support. In the short term, market volatility may persist as Bitcoin and MicroStrategy shares adjust, but long-term fundamentals are bullish: ongoing large-scale buy-ins by a leading corporate holder demonstrate confidence in Bitcoin’s value and are likely to bolster upward price momentum.