Strategy announced a $51.4 million Bitcoin purchase, representing a significant increase from last week. Several companies are buying much more, but it remains a leader in the global trend.
Additionally, Michael Saylor revealed that the company may start selling shares to fund debt obligations, rather than to buy Bitcoin. This change has raised concerns in the community, which fears a possible contraction.
The latest Bitcoin purchase by Strategy
Strategy was a pioneer in the global Bitcoin treasury movement and has led corporate BTC acquisition on several occasions. However, since making a $2.4 billion purchase earlier this month, it has slowed down, buying $18 million last week. Today (18), Michael Saylor announced another purchase:
Strategy has acquired 430 BTC for ~$51.4 million at ~$119,666 per bitcoin and has achieved BTC Yield of 25.1% YTD 2025. As of 8/17/2025, we hodl 629,376 $BTC acquired for ~$46.15 billion at ~$73,320 per bitcoin. $MSTR $STRC $STRK $STRF $STRD https://t.co/FLRjCKDMQO
— Michael Saylor (@saylor) August 18, 2025
On one hand, this seems a bit strange. Bitcoin recently reached an all-time high, and several Japanese companies exceeded Strategy's BTC consumption this week, often by large margins.
On the other hand, these companies may be exceptions. Blockchain data shows that corporate BTC reserves have fallen by 2,000 bitcoins since early August. Strategy continues to rebuild its buying momentum while most other Bitcoin buyers are retreating.
A new plan for stock sales?
To help explain its maneuvers, Saylor also released new guidance detailing the company's capital markets strategy. Depending on some factors, the company may sell shares for reasons other than Bitcoin purchases:
Strategy's Bitcoin Purchasing Guide. Source: Michael Saylor
However, several commentators pointed out that this directly contradicts the guidelines of the most recent earnings presentation. Strategy already calibrates its Bitcoin purchases based on mNAV, a function of BTC prices and MSTR shares. However, its decision to sell shares for reasons other than acquiring tokens is new.
Essentially, the community may interpret this in two ways. The declining supply of Bitcoin could negatively impact Strategy's acquisition methods. By starting to issue shares without corresponding BTC purchases, the company may be preparing for a long-term shift.
However, this turnaround may also indicate potential weakness, considering recent Bitcoin price drops. The company may need these stock sales to continue funding its debt until BTC recovers somewhat.
For now, it is hard to be sure.
The article 'Strategy maintains Bitcoin purchases but may sell shares to reduce debt' was first seen on BeInCrypto Brazil.
