Strategy, previously MicroStrategy, has again acquired more BTC for its treasury, as it continues to dominate as the largest Bitcoin treasury company. This latest purchase comes at a time when the flagship crypto is facing a market correction, while the MSTR stock has also retraced alongside.
Strategy Acquires 430 BTC for $51.4 Million
In a press release, the company announced it has acquired 430 BTC for $51.4 million at an average price of $119,666 per Bitcoin, achieving a BTC yield of 25.1% year-to-date (YTD). It now holds 629,376 BTC (almost 3% of the total supply), which it acquired for $46.15 million at an average price of $73,320 per Bitcoin.
The SEC filing showed that Strategy used the net proceeds from the sale of STRK, STRF, and STRD shares to make this latest purchase. The company raised $19.3 million, $19 million, and $12.1 million from these stock sales, respectively.
This is the third consecutive weekly Bitcoin purchase and follows Strategy’s purchase of 155 BTC for $18 million last week. The company’s co-founder, Michael Saylor, had hinted about the purchase yesterday in his conventional Sunday X post. He captioned the post ‘Insufficient Orange,’ indicating that they had bought more BTC.
Insufficient Orange pic.twitter.com/QcRT0RTzEg
— Michael Saylor (@saylor) August 17, 2025
Strategy Announces New Guidance For Capital Raise
Strategy also announced an update to its MSTR Equity At-The-Market (ATM) guidance to enable more flexibility in executing its capital markets strategy. Moving forward, the company will “actively” issue MSTR shares when the mNAV is above 4.0x.
Strategy today announced an update to its MSTR Equity ATM Guidance to provide greater flexibility in executing our capital markets strategy. pic.twitter.com/xSwwcWubIq
— Michael Saylor (@saylor) August 18, 2025
Furthermore, when the mNAV is between 2.5x and 4.0x, the company will “opportunistically” issue MSTR shares to acquire BTC. It will pay interest on debt obligations and fund preferred equity dividends when the mNAV is below 2.5x. Lastly, Saylor’s firm will consider issuing credit to buy back MSTR shares when the mNAV is below 1.0x.
MSTR and Bitcoin Dip
Notably, this latest purchase comes at a time when Bitcoin and the MSTR stock are facing significant market corrections. BTC is down almost 5% in the last seven days, dropping below the psychological $115,000 level.
The Strategy stock is also down over 8% in the last five days. TradingView data shows that the stock has also declined by over 2% from last week’s closing price of $366, and is currently trading at around $358.
Given Saylor Company’s exposure to Bitcoin, the MSTR stock is also known to decline whenever Bitcoin records a pullback such as this. As CoinGape reported, $9 trillion asset manager Vanguard reduced its stake in the company by 10%, sparking a bearish sentiment towards the stock.
However, the Strategy stock is still up over 22% year-to-date (YTD). The stock is also up 174% in the past year. Meanwhile, Bitcoin is up almost 22% since the start of the year.
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Source: https://coingape.com/michael-saylors-strategy-adds-btc-as-bitcoin-mstr-stock-dips/