MicroStrategy Announces Bitcoin Purchase After Two-Month Pause
On August 31, MicroStrategy (MSTR) announced it had purchased 4,603 BTC for $369.7 million during the week of August 24-30 — its first Bitcoin purchase in two months. The company previously bought Bitcoin in early June but sold significant portions over several weeks due to market volatility and a Bitcoin price decline. The recent acquisition was funded partly by proceeds from selling MSTR common shares for $602.8 million, which also allowed the firm to repurchase preferred stock and increase its cash reserves. The move followed renewed confidence in crypto markets after U.S. Treasury actions on August 19 signaled increased liquidity expectations. MicroStrategy now holds a total of 845,050 BTC with an average acquisition price of $75,412 versus Bitcoin's current market price of around $78,083 — resulting in an unrealized profit of approximately $2.25 billion.
