Saylor Makes Third Straight Bitcoin Buy in August

Michael Saylor does not ease the pressure. The co-founder of Strategy announced a new bitcoin purchase, his third in a row this month. Despite market volatility and the fluctuations in his company’s stock price, he relentlessly pursues his plan: accumulate BTC, whatever the cost. His conviction remains intact, almost unshakable.

Saylor announces a third Bitcoin purchase in August

Michael Saylor, a key figure in institutional adoption of bitcoin, announced an imminent new purchase. It will be the third consecutive one for Strategy during August 2025.

The previous one was on August 18, with the acquisition of 430 BTC for 51.4 million dollars. This operation brings the company’s reserves to 629,376 bitcoins, equivalent to more than 72 billion dollars.

These purchases are part of the “42/42 Plan,” an ambitious program aiming to invest 84 billion dollars in bitcoin by 2027.

Since 2020, Strategy has already committed nearly 46.2 billion dollars, at an average price of 73,320 dollars per unit. With nearly 3% of the total circulating supply, the company remains by far the largest institutional holder of the cryptocurrency.

However, August acquisitions seem more modest than usual. Indeed, the company, which had been noted for massive purchases of several thousand BTC in a single transaction, has added only 585 bitcoins to its treasury this month. Does this more measured pace reflect a cautious adaptation to market conditions?

One thing remains certain: Saylor’s commitment does not waver. He remains fully focused on bitcoin, which he considers the safest and most transparent monetary asset worldwide.

This conviction is reflected in a now well-oiled financing mechanism: acquisitions are financed by issuing preferred shares, allowing fresh capital to be raised while limiting dilution for existing shareholders.

A measured impact on prices despite considerable volumes

Shirish Jajodia, Strategy’s treasurer, provides valuable insight into the company’s purchasing methodology. 

Contrary to common beliefs, the company’s massive acquisitions have no direct effect on the bitcoin price. The market, with more than 50 billion dollars traded every day, easily absorbs transactions worth several hundred million.

This neutrality is made possible by the systematic use of over-the-counter transactions. These private agreements, concluded outside traditional platforms, allow the acquisition of large volumes without creating artificial pressure on prices. This approach illustrates true operational maturity, far from speculative logics.

However, the real impact of this strategy plays out in the longer term. By adopting a holding stance, Strategy contributes to making the available supply scarcer. Each immobilized BTC strengthens bitcoin’s role as a reserve asset and contributes to the gradual elevation of a price floor.

Paradoxically, this discipline did not protect the Strategy stock from volatility. The stock fell on Wednesday to 325 dollars, its lowest level since April, before rebounding to 358 dollars two days later. This instability well illustrates investors’ dilemma: should they believe in Bitcoin strategy’s colossal potential or, on the contrary, fear its overly bold nature?

Despite these criticisms and uncertainties, Michael Saylor persists. With nearly 3% of the total BTC supply, Strategy remains by far the main institutional holder. Its strategy also inspires other companies such as Marathon, Riot, and Metaplanet. Ultimately, its course remains unchanged: to make bitcoin the essential reserve asset of the 21st century.