MicroStrategy Re-Enters Bitcoin Market After Two-Month Pause
After pausing its Bitcoin purchases for two months, MicroStrategy (NASDAQ: MSTR) has bought an additional $370 million worth of Bitcoin in late August. This purchase increased the company's total holdings to 845,050 coins, valued at approximately $68.5 billion as of September 2026 — significantly exceeding its market cap and enterprise value. MicroStrategy CEO Phong Le explained that earlier sales were made to cover preferred dividends and reduce debt, not due to a lack of confidence in Bitcoin's long-term potential. Despite recent gains, Bitcoin remains below its all-time high from October 2025, with near-term headwinds like elevated Treasury yields potentially dampening enthusiasm for crypto assets. While the latest purchase is seen as bullish by some investors, it does not fully offset earlier sales this year and may be too early to signal a strong upward trend. Analysts suggest that Bitcoin could still benefit from long-term factors such as its 2028 halving event and potential U.S. fiscal policies.
Topics: Bitcoin corporate holdings crypto market MicroStrategy