Strategy Michael Saylor Shows Impact BTC Purchase for the Treasury Department


The strategy co-founder Michael Saylor signaled the imminent Bitcoin (BTC) purchase and, if completed, the transaction marks the company’s third BTC acquisition in August.

The company’s latest Bitcoin purchase took place on August 18th, with the strategy buying 430 BTC for $51.4 million, bringing total holdings to 629,376 BTC, worth more than $720 billion at the time of writing.

SaylorTracker data shows that the strategy has grown by more than 56% in BTC investments, surpassing the unrealized level of more than $25.8 billion at current prices.

Bitcoin Price, Micro Strategy, Bitcoin Adoption, Michael Saylor, Company
History of Bitcoin Purchase Strategies. sauce: SaylorTracker

The company’s BTC acquisition in August is relatively slim. The strategy usually gets thousands or tens of thousands of BTC on every purchase, but so far only 585 BTC has been acquired in two separate deals this month.

The strategy is the largest BTC finance company, leading the claims for the company’s BTC acquisition. Saylor continues to advocate for Bitcoin by claiming individual orange investors and financial institutions, causing corporate finance moves.

Related: Which companies are struggling to use Crypto Reserves as their PR lifeline?

The strategy has not directly affected the market price of Bitcoin in the acquisition plan

Shirish Jajodia, the company’s corporate treasurer, recently told Podcaster Natalie Brunell that the strategy would not be buying and moving through the BTC market.

The company has acquired BTC through commercial transactions, private parties contracts arising outside of spot exchanges, and other methods that do not affect market prices.