Strategy buys another $356.9 million in Bitcoin

What Drives Strategy to Buy More Bitcoin?

From August 18 to 24, 2025, the cryptocurrency market was very volatile. Bitcoin price remained around $115,829, down from its peak of $124,000 on August 14. This was partly due to a group of "whale" wallets suddenly dumping their coins, putting downward pressure on the price. Ethereum, on the other hand, reached a new all-time high of nearly $4,953, thanks to large inflows into ETFs and interest from large investors. Despite this, Strategy still decided to buy more, bringing its total BTC holdings to 632,457 BTC, at an average cost of around $73,527/BTC.

The main reason for Strategy’s move appears to be CEO Michael Saylor’s long-term investment philosophy, which sees short-term swings as opportunities to buy more. The transaction was paid for by an ATM offering, selling 875,301 common shares for $309.9 million, and other preferred shares (STRK, STRF, STRD). This suggests a flexible financing strategy, using capital to bolster the digital treasury during times of market uncertainty.

Asserting the leading position

Although whale activity and the shift of attention to ETH have caused more market volatility, Strategy remains committed to Bitcoin, viewing it as an inflation hedge and a long-term store of value.

With a Bitcoin treasury worth more than $70 billion, Strategy is clearly the leader among listed companies that are collecting cryptocurrencies, far ahead of rivals like Metaplanet or Marathon Digital.

The purchase of 3,081 BTC, which represents about 0.015% of the total supply, could alleviate selling pressure from whales and support Bitcoin prices in the short term, but it is still not enough to change the overall trend.

Strategy is optimizing its capital structure by using cash from stocks and bonds, making the company less dependent on operating cash flow as global interest rates rise.

Following this news, Strategy shares rose slightly in trading on August 25. This shows that investors are expecting accumulation strategies, despite the volatile BTC price.

Evaluation and Conclusion

Strategy's announcement of an additional $356.9 million in Bitcoin purchases between August 18 and 24, 2025, despite the volatility of "whales" and ETH's ATH, is a move that affirms its long-term commitment to cryptocurrencies. With a flexible financial strategy and belief in the value of Bitcoin, the company not only consolidates its leading position but also sends a positive signal to the market.

Disclaimer: The information presented in this article is the author's personal opinion on the cryptocurrency field. It is not intended to be financial or investment advice. Any investment decision should be based on careful consideration of your personal portfolio and risk tolerance. The views expressed in the article do not represent the official position of the platform. We recommend that readers conduct their own research and consult with a professional before making any investment decisions.