From August 4 to 10, MicroStrategy Acquired 155 Bitcoins at a Price of $18 Million
During the period from August 4 to 10, MicroStrategy purchased 155 bitcoins for $18 million, with an average acquisition cost of approximately $116,401 per bitcoin.
(Background: MicroStrategy’s Q2 financial report is out, Michael Saylor: This is the most important event in the history of Strategy)
(Background Supplement: MicroStrategy entangled in legal troubles again: Why have accounting standards caused big problems for Michael Saylor?)
The founder of MicroStrategy (Strategy), the public company with the largest bitcoin holdings, Michael Saylor, announced later today (11) that during the period from August 4 to 10, MicroStrategy purchased 155 bitcoins for $18 million, with an average acquisition cost of approximately $116,401 per bitcoin. After this acquisition, MicroStrategy’s bitcoin holdings increased to 628,946 bitcoins, with a total acquisition cost of $46.1 billion, and the average purchase price per bitcoin is $73,288, significantly lower than the current market price of bitcoin.
Strategy has acquired 155 BTC for ~$18.0 million at ~$116,401 per bitcoin and has achieved BTC Yield of 25.0% YTD 2025. As of 8/10/2025, we hodl 628,946 $BTC acquired for ~$46.09 billion at ~$73,288 per bitcoin. $MSTR $STRC $STRK $STRF $STRD https://t.co/bx0814RI1w — Michael Saylor (@saylor) August 11, 2025
Community Curious: Why So Few?
However, it is worth noting that MicroStrategy’s purchase of 155 bitcoins has led the community to wonder, “Why so few?” Previously, MicroStrategy often spent tens of millions or even hundreds of millions of dollars on bitcoin purchases to fulfill its long-term buy-and-hold commitment. Therefore, the small amount bought this time has prompted various speculations in the community: First, does MicroStrategy not have enough funds to purchase more bitcoins? Second, is this acquisition a symbolic purchase, perhaps because MicroStrategy anticipates a correction in bitcoin prices soon, and thus prefers to wait for a pullback before making a larger purchase? Third, MicroStrategy’s unrealized gains on its bitcoin holdings have already exceeded $30 billion, meaning that MicroStrategy may not need to make significant additional purchases to realize substantial profits; therefore, it may not engage in large-scale acquisitions in the future.
However, some have defended MicroStrategy, stating that it recently spent $2.46 billion to acquire more bitcoins, and this time may simply want to take a break.
MicroStrategy Well-Funded
The community’s speculation regarding the latter two questions cannot currently be confirmed. However, regarding whether MicroStrategy has sufficient funds to purchase bitcoins, the company’s announcement has effectively provided an answer. According to the content of MicroStrategy’s announcement, under its ATM program, the following funds can still be raised:
- $17 billion Common ATM
- $20.4 billion STRK ATM
- $1.8 billion STRF ATM
- $4.1 billion STRD ATM
- $4.2 billion STRC ATM
MSTR Pre-Market Up 2%
According to Google Finance data, despite the community’s doubts about the quantity of MicroStrategy’s recent acquisition, its stock still slightly rose by 2% before the U.S. stock market opened, with a pre-market price of $403 and a market capitalization of $112 billion.
Related Reports
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- BNB breaks $860 to set a new high! Market cap surpasses MicroStrategy, Nike, SoftBank, Nano Labs adds 8,000 BNB.
- Investment Bank TD Cowen: MicroStrategy’s premium is “reasonably transparent,” MSTR projected to reach $680.