Bitcoin News Today: Strategy Adds 430 BTC for $51.4M Amid $119K Average Price Purchase

Strategy, the publicly traded Bitcoin investment company led by Michael Saylor, has continued its methodical Bitcoin accumulation strategy, acquiring 430 BTC for $51.4 million between August 11–17, 2025. This purchase brought the company’s total Bitcoin holdings to 629,376 coins, with a cumulative cost basis of $46.15 billion and an average purchase price of $73,320 per Bitcoin [1]. The latest acquisition was made at an average price of $119,666 per Bitcoin, highlighting the company’s continued commitment to building its treasury despite elevated price levels [2].

The firm’s strategy of steady, disciplined accumulation has remained unchanged, with management framing each purchase as part of a long-term thesis centered on Bitcoin’s multi-cycle appreciation. The company has also reported a 25.1% yield year-to-date for Bitcoin as of August 17, 2025, underscoring how its balance sheet exposure has contributed to performance amid this year’s market rally [3]. Despite the purchase being made near a peak of over $124,000, Bitcoin’s price dipped to $115,000 in the following days, though the firm’s total Bitcoin holdings are now estimated at approximately $72 billion [4].

Alongside its treasury updates, Strategy has revised its at-the-market (ATM) equity issuance guidance, permitting common share issuance below 2.5x mNAV in situations deemed advantageous to the company. Previously, the firm had maintained a threshold above 2.5x to avoid diluting shareholders [5]. This change in capital management policy signals a shift in how the firm will handle liquidity and debt obligations, particularly in periods of market volatility.

The company’s updated strategy and recent Bitcoin purchases have drawn both support and criticism. While its long-duration thesis has been praised for leveraging corporate finance tools to compound Bitcoin holdings, some analysts have raised concerns about the risks of a highly concentrated position in a volatile asset [6]. Famed short-seller James Chanos has criticized the firm’s latest $51 million Bitcoin purchase as a sign of weak demand and a loosening of shareholder protections [7]. These concerns highlight the broader debate over the sustainability of Strategy’s financial model.

Despite mixed market reactions, with MSTR shares down 2.2% in premarket trading on August 18 and declining more than 10% over the past week, the stock remains up by about 20% year-to-date [8]. Investors are now watching closely to see whether the company’s accumulation strategy will continue to generate returns or face increasing scrutiny as Bitcoin’s price dynamics evolve.

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Source:

[1] (https://www.tradingview.com/news/cryptonews:1ac4e6caa094b:0-michael-saylor-s-strategy-adds-430-btc-holdings-hit-629-376-what-s-the-catch/)

[2] (https://www.coindesk.com/markets/2025/08/18/michael-saylor-s-strategy-added-usd51m-of-bitcoin-last-week)

[3] (https://www.fxstreet.com/cryptocurrencies/news/michael-saylors-strategy-added-51m-of-bitcoin-last-week-202508181423)

[4] (https://www.tradingview.com/news/cointelegraph:bb32ce2ee094b:0-strategy-adds-51m-in-bitcoin-as-price-hit-124k-ahead-of-sharp-dip/)

[5] (https://cointelegraph.com/news/strategy-adds-51m-in-bitcoin-as-btc-hit-124k-ahead-of-dip)

[6] (https://u.today/saylors-strategy-buys-bitcoin-dip-with-additional-430-btc)

[7] (https://finance.yahoo.com/news/famed-short-seller-warns-strategy-150201502.html)