Bitcoin News Today: Bitcoin's Corporate Champion Defies Market Downturn with Strategic Third Buy

Michael Saylor, co-founder of Strategy, has signaled another Bitcoin purchase, marking the third acquisition by the company in August 2025. The anticipated transaction aligns with Strategy's ongoing strategy to accumulate Bitcoin as part of its corporate treasury, even amid a decline in its share price. The company has previously purchased 430 Bitcoin on August 18 for $51.4 million, raising its total holdings to 629,376 Bitcoin, valued at over $72 billion at the time of the report. SaylorTracker data indicates that Strategy's Bitcoin investments have yielded over $25.8 billion in unrealized gains, with a return of more than 56% on its investment to date [1].

Despite these significant acquisitions, Strategy has acquired only 585 Bitcoin in August 2025, which is a fraction of the thousands or tens of thousands of Bitcoin it typically purchases in each transaction. The company remains the largest Bitcoin treasury company by a wide margin, continuing to advocate for the cryptocurrency through what Saylor terms as "orange-pilling" both individual and institutional investors. These efforts have sparked a movement in corporate finance, with Strategy leading the way in corporate Bitcoin acquisitions [1].

Shirish Jajodia, the company's corporate treasurer, has clarified that Strategy's Bitcoin purchases do not significantly impact market prices. The company acquires Bitcoin through over-the-counter transactions and private agreements, which occur outside of spot exchanges and therefore do not influence the broader market price. Jajodia emphasized that while institutional investors holding Bitcoin long-term can raise the floor price over time, factors like price speculation and traders have a more immediate effect on short-term market prices. He noted that with Bitcoin's daily trading volume exceeding $50 billion, Strategy's $1 billion acquisitions over a few days do not move the market significantly [1].

The company's stock has been affected by the broader market dynamics, hitting a four-month low on Wednesday at approximately $325 per share, a level not seen since April 2025. However, the price rebounded to about $358 per share by Friday. This stock performance reflects a trend observed among most Bitcoin treasury companies in the second half of 2025, where share prices have been declining. Despite this, Strategy continues to accumulate Bitcoin for its corporate treasury, reinforcing its long-term investment strategy in the cryptocurrency [1].

The recent Bitcoin price movements have also drawn attention to the potential influence of the Federal Reserve's policy decisions. On Friday, Bitcoin surged over 4% to an intraday high of $117,300, following hints from Federal Reserve Chair Jerome Powell about a potential interest rate cut. This development led to the liquidation of $379.88 million in short positions, with $56.4 million in short liquidations attributed to Bitcoin. Analysts have responded positively to this price action, with some suggesting that the uptrend in Bitcoin may continue, potentially reaching $200,000 before the end of the year [2]. The broader market reaction has been bullish, with over 150,000 traders liquidated and investor sentiment shifting to optimism as the market absorbs the recent price movement [2].

Additionally, Strategy has revised its equity guidance, allowing the company to issue stock at lower multiples of its market-to-net asset value (mNav). This shift in strategy provides greater flexibility in executing capital markets strategies and could lead to issuing credit to repurchase shares if the stock price falls below an mNav of 1. While some analysts have raised concerns about the potential for a "spiral of doom" if the company is forced to sell its Bitcoin to pay interest, others remain optimistic. For instance, Strive analysts, an asset manager co-founded by U.S. politician Vivek Ramaswamy, have predicted that Strategy could be included in the S&P 500 as soon as September, which would significantly increase Bitcoin exposure for many Americans [3]. This inclusion is anticipated to further integrate digital assets into the American economic landscape, making it more challenging to regulate or ban them [3].

Source: [1] Saylor signals third Strategy Bitcoin buy in August (https://cointelegraph.com/news/saylor-third-strategy-bitcoin-buy-august) [2] Bitcoin price breakout to $117K liquidates bears, opening door to fresh all-time highs (https://cointelegraph.com/news/bitcoin-price-breakout-to-dollar117k-liquidates-bears-opening-door-to-fresh-all-time-highs) [3] Crypto Is Braced For A Fed Price Bombshell As 'Spiral Of Doom' Fears Emerge (https://www.forbes.com/sites/digital-assets/2025/08/22/serious-spiral-of-doom-strategy-warning-fuels-sudden-bitcoin-price-crash-fears/)