MicroStrategy Signals Third
$BTC Buy This August
#MicroStrategy co-founder Michael Saylor has hinted at another
$BTC purchase, marking the company's third acquisition this month. The latest buy would follow their Aug. 18 transaction of 430
$BTC for $51.4 million.
The company now holds 629,376
$BTC worth over $72 billion, showing 56% unrealized gains totaling $25.8 billion. August purchases have been modest compared to their typical multi-thousand
$BTC acquisitions.
Corporate treasurer Shirish Jajodia explained that MicroStrategy uses over-the-counter transactions to avoid impacting spot prices. With daily
$BTC #trading volume exceeding $50 billion, their purchases don't significantly move markets.
The company continues accumulating despite stock prices hitting four-month lows near $325 per share before rebounding to $358. MicroStrategy remains the largest corporate
$BTC #treasury holder by substantial margins.
