Bitcoin News Today: Strategy expands Bitcoin holdings to 3% of total supply with $51.4M purchase

MicroStrategy, now rebranded as Strategy, has further expanded its Bitcoin holdings by acquiring an additional 430 BTC for $51.4 million, with an average price of $119,666 per coin [1]. This acquisition brings the company’s total Bitcoin holdings to 629,376 BTC as of August 18, representing 3% of the total Bitcoin supply [1]. The move underscores the firm’s long-standing commitment to Bitcoin as a strategic asset and a hedge against macroeconomic uncertainty.

The company’s latest purchase follows a smaller acquisition of 155 BTC earlier in the week and comes just days after a major $2.4 billion investment on July 29, in which it acquired 21,021 BTC [1]. These consistent purchases highlight the firm’s disciplined and aggressive accumulation approach, which has seen it become the largest corporate holder of Bitcoin to date [1].

Michael Saylor, Strategy’s executive chairman and a vocal Bitcoin advocate, announced the latest acquisition on X, reiterating the firm’s strategic vision of acquiring up to 7% of the global Bitcoin supply [1]. However, he clarified that Strategy has no intention of controlling the entire supply, emphasizing a long-term investment strategy rather than market dominance [1].

Despite Bitcoin’s recent price volatility—slumping below $115,000 in the days following the latest purchase—Saylor expressed confidence in the market. He described volatility as a “gift to the faithful,” a sentiment reflecting the firm’s long-term perspective on the asset [1]. At current prices, Strategy’s Bitcoin holdings are valued at approximately $72.7 billion [1].

Strategy’s Bitcoin treasury strategy began in August 2020, when the company started acquiring Bitcoin as a means to hedge against inflation and deliver superior returns to shareholders during the early stages of the global pandemic [1]. The company has since pivoted from a software firm to a Bitcoin-focused investment vehicle, enabling investors to gain exposure to Bitcoin through its equity [1].

The trend of corporate Bitcoin accumulation is not unique to Strategy. Other U.S.-listed firms, such as Trump Media and MARA Holdings, have adopted similar strategies [1]. In Asia, Japanese company Metaplanet has also increased its Bitcoin holdings, most recently purchasing 775 BTC for $93 million, bringing its total to 18,888 BTC [1]. The company has set ambitious goals to expand its holdings to 100,000 BTC by the end of 2026 and 210,000 BTC by 2027 [1].

These developments signal a growing institutional acceptance of Bitcoin as a legitimate asset class and a strategic tool for corporate treasury management. As more corporations follow suit, the market could see increased stability and liquidity, further cementing Bitcoin’s role in global finance [1].

Source: [1] ZyCrypto (https://zycrypto.com/strategy-stuns-with-new-51-4-million-bitcoin-purchase-now-owns-3-of-all-btc/)