Executive Summary
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MicroStrategy, the world’s largest public company holder of Bitcoin, announced a significant expansion of its digital asset reserves last week, purchasing an additional $449 million worth of BTC. This latest acquisition contributed to a total of 7,714 Bitcoin bought by the firm in August, further solidifying its long-term cryptocurrency strategy.
The enterprise software firm, led by Michael Saylor, acquired 4,048 Bitcoin for approximately $449.3 million between August 25 and Monday, according to a recent filing with the U.S. Securities and Exchange Commission. This purchase was made at an average price of $110,981 per BTC, occurring as the cryptocurrency’s price briefly climbed above $113,000 before dipping below $108,000 last Friday.
August Acquisitions and Overall Holdings
This recent transaction significantly bolstered MicroStrategy’s August buying spree, bringing its total Bitcoin acquisitions for the month to 7,714 BTC. While substantial, this figure represents a decline from the 31,466 BTC purchased by the company in July.
Breakdown of August Buys
Prior to the latest major acquisition, MicroStrategy had also made several smaller purchases throughout August. These included a 3,081 BTC acquisition announced earlier in the month, alongside additional buys of 430 BTC and 155 BTC in early August.
With these latest additions, MicroStrategy’s total Bitcoin holdings have reached 636,505 BTC, acquired for approximately $46.95 billion. The company’s overall average purchase price for its entire Bitcoin portfolio now stands at $73,765 per coin.
The capital utilized for these recent Bitcoin acquisitions was sourced from proceeds generated through various At-The-Market (ATM) offerings. These included the STRF ATM, STRK ATM, STRD ATM, and MSTR ATM programs.
MicroStrategy continues its consistent strategy of accumulating Bitcoin, leveraging market fluctuations to expand its substantial digital asset treasury. These ongoing purchases underscore the company’s conviction in Bitcoin as a strategic asset and a cornerstone of its corporate financial framework.