Michael Saylor’s Strategy, the world’s largest public company holding Bitcoin, purchased more BTC as the price slipped below $108,000 last week.
Strategy acquired 4,048 Bitcoin (BTC) for $449.3 million between Aug. 25 and Monday, according to a US Securities and Exchange Commission filing on Tuesday.
Strategy’s latest Bitcoin purchase was made at an average price of $110,981 per BTC, as the crypto asset briefly surged above $113,000 and subsequently dropped below $108,000 on Friday, according to CoinGecko.
The acquisition brought Strategy’s total Bitcoin holdings to 636,505 BTC, purchased for about $46.95 billion at an average price of $73,765 per coin.
Strategy’s August buys net 7,714 BTC
Strategy’s latest Bitcoin acquisition followed regular but modest buying in August, including a 3,081 BTC purchase announced last week. The other August purchases were buys of 430 BTC and 155 BTC.
Together with the latest purchase, Strategy acquired 7,714 BTC in August, a significant decline from the 31,466 BTC bought in July.
The latest Bitcoin purchases were made using proceeds from the four of its at-the-market (ATM) equity offerings.
In July, Strategy co-founder Saylor referred to the ATM offerings as the main pillars of the “Bitcoin defense department.”
Concerns over MSTR decline
The ongoing slowdown in Strategy’s Bitcoin buying, coupled with a notable decline in its MSTR shares, has been subject to concerns in the community lately.
Since reporting record $10 billion of net income in the second quarter of 2025, Strategy has seen its stock drop 16%, with trades opening at $339.4 on Tuesday, according to TradingView data.
Amid MSTR shares sliding to multi-month lows, investor sentiment remained mixed, with some holding bullish views on Strategy’s long-term Bitcoin strategy while others expressed growing skepticism over near-term stock performance.
Related: Strategy Bitcoin lawsuit dismissed as investors withdraw case
Some observers were also skeptical about Strategy’s decision to raise the STRC dividend to 10% from 9% on Tuesday, with many questioning how the company would sustain dividend payouts.
“A 10% dividend looks flashy, until you realize it’s just fiat yield on a melting ice cube. Wall Street chases coupons, Bitcoin rewrites the balance sheet. Dividends get taxed, debased, and repriced. Bitcoin compounds in purchasing power forever. One is theater, the other is exit velocity,” one market observer wrote on X.
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