Strategy co-founder Michael Saylor revealed that the company will buy Bitcoin (BTC) again, marking the company's third BTC purchase in August.
The company's most recent purchase was on August 18, acquiring 430 BTC valued at $51.4 million, bringing its total holdings to 629,376 BTC, currently valued at over $72 billion.
According to SaylorTracker data, Strategy has achieved over 56% growth on its Bitcoin investments, amounting to approximately $25.8 billion in unrealized gains.
The acquisition volume in August was relatively small, with the company purchasing only 585 BTC. As a pioneer in corporate BTC acquisitions, Saylor continues to actively promote Bitcoin, leading the trend of cryptocurrency in corporate finance.
Strategy's acquisition plan did not directly affect Bitcoin market prices
The company's CFO Shirish Jajodia recently told podcast host Natalie Brunell that Strategy's purchasing behavior did not drive BTC market price fluctuations.
The company purchases through over-the-counter trading and private agreements, which do not affect market prices. Long-term holding also raises the bottom price of Bitcoin, but short-term prices are more influenced by speculators and traders.
Jajodia stated that Bitcoin's 24-hour trading volume exceeds $50 billion, and buying $1 billion did not significantly impact the market.
Despite facing a decline in stock price, the company continues to purchase BTC for its treasury. On Wednesday, the stock price fell to a nearly four-month low, then rebounded to about $358 per share on Friday.
