Bitcoin News Today: MicroStrategy's Bitcoin Bet: Can Its High-Stakes Strategy Pay Off?

MicroStrategy continues its accumulation strategy by adding $357 million in Bitcoin to its portfolio in recent weeks, signaling a continuation of its long-term investment thesis in the cryptocurrency. The company, which is now the largest public holder of Bitcoin with a total of 632,457 BTC in its possession, made the latest purchase at an average price of $115,829 per coin. This acquisition brings its total Bitcoin holdings to a market value of $46.5 billion, with an average cost basis of $73,527 per coin [2].

To fund the acquisition, MicroStrategy issued $310 million in common stock, marking the first such issuance in nearly a month. The company has also utilized preferred shares—namely SRTK, STRF, and STRD—to raise additional capital, with recent offerings generating approximately $47 million [1]. These preferred shares come with various dividend obligations, which some analysts have raised concerns about, particularly in relation to the company’s long-term ability to service such payments without further issuing common stock [1].

The purchase, while significant in dollar terms, represents a slowdown in MicroStrategy’s Bitcoin buying pace. In August alone, the company has acquired 3,666 BTC, a stark contrast to the 31,466 BTC purchased in July. The latest batch includes 3,081 BTC added last week and follows two smaller purchases of 430 and 155 BTC earlier in the month [2]. The reduced pace has led to speculation about potential strategic pauses or adjustments in response to evolving market conditions.

MicroStrategy’s approach to Bitcoin has consistently deviated from conventional investment practices. CEO Michael Saylor has previously stated his preference to “buy the top forever,” emphasizing a strategy focused on long-term value accumulation rather than short-term market corrections [3]. This philosophy is reflected in the company’s performance metrics, with its Bitcoin yield—measuring the percentage change in the ratio of its Bitcoin holdings to diluted shares outstanding—rising to 25.4% as of early August 2025 [2]. The company revised its 2025 targets in late July, raising the BTC yield target from 25% to 30% and the Bitcoin gain target from $15 billion to $20 billion [2].

Despite the recent dip in Bitcoin prices, which saw BTC fall to $112,000 from around $116,700 at the start of the week, MicroStrategy has maintained its conviction in the cryptocurrency’s long-term value. The company’s Bitcoin gain year-to-date stands at 113,524 BTC, demonstrating continued profitability on its massive allocation [2]. As MicroStrategy navigates the final week of August, the question remains whether it will maintain its current pace or make a larger purchase to further solidify its position in the digital asset space.

Source:

[1] Strategy Adds $357 Million in Bitcoin After Resuming ... (https://finance.yahoo.com/news/strategy-adds-357-million-bitcoin-171303705.html)

[2] Strategy buys $357M in Bitcoin as price drops to $112K (https://cointelegraph.com/news/strategy-buys-357-million-bitcoin-btc-price-drops-112k)

[3] MicroStrategy continues its accumulation strategy: $357M ... (https://www.cointribune.com/en/microstrategy-continues-its-accumulation-strategy-357m-of-bitcoin-added-to-the-portfolio/)