Michael Saylor’s company, Strategy—formerly known as MicroStrategy—has continued its aggressive Bitcoin accumulation despite the ongoing price correction. In its latest announcement, the firm confirmed the purchase of 4,048 BTC between August 26 and September 1, further solidifying its position as the largest corporate Bitcoin holder.
The acquisition was valued at $449.3 million, with an average purchase price of $110,981 per Bitcoin. With this, Strategy now controls 636,505 BTC, acquired for a total of $46.95 billion at an average of $73,765 per coin. This marks the company’s fifth consecutive weekly purchase, building on last week’s 3,081 BTC buy worth $356.9 million. 
Funding for the latest purchase came largely from the issuance of MSTR shares. The company raised $425.3 million through the sale of 1.23 million shares, along with an additional $46.5 million from STRF and STRK share sales. Saylor had hinted at the move on August 31, suggesting Bitcoin remained undervalued and was “still on sale.”
While Strategy’s Bitcoin holdings continue to expand, its stock performance has been less favorable. MSTR has dropped more than 15% over the past month, closing last week at around $334, though pre-market trading shows a modest rebound to $338. The decline mirrors Bitcoin’s own correction, as the cryptocurrency has pulled back over 12% from its recent all-time high of $124,000. 
Adding to investor concerns, the company reversed its prior commitment not to issue new shares when its mNAV ratio was below 4.0x, using equity sales to finance its latest Bitcoin purchases. Despite this, Strategy recently received positive legal news, as a class-action lawsuit alleging accounting errors in its Bitcoin reporting was voluntarily dismissed with prejudice, ensuring it cannot be refiled.
