Strategy has once again expanded its Bitcoin holdings, confirming the purchase of 3,081 BTC between August 18 and 24 for a total of $356.9 million. The acquisition brings its total stash to 632,457 BTC, valued at $46.5 billion at an average price of $73,527 per coin. This now accounts for more than 3% of Bitcoin’s fixed supply of 21 million. 
The company disclosed that the latest purchase was largely funded by MSTR stock sales, despite having previously indicated it would avoid selling shares when its mNAV was below 2.5x. Co-founder Michael Saylor hinted at the buy earlier this week, calling Bitcoin “on sale” in an X post while sharing Strategy’s updated portfolio tracker.
This marks the fourth consecutive week of BTC accumulation, following last week’s smaller 430 BTC purchase. Strategy has also issued new capital guidance, stating it intends to sell shares to purchase Bitcoin only when its mNAV surpasses 4.0x.
While Strategy continues to grow its Bitcoin treasury, MSTR stock has taken a hit, dropping over 4% to $343 from last week’s $358 close. The stock is now down more than 15% over the past month, though it still holds a 19% year-to-date gain.
Despite the recent decline, some analysts and industry voices remain bullish. Pro-crypto attorney John Deaton projected that the stock could reach $500, should Bitcoin rally to as high as $250,000 within the next year.
