Strategy Buys $214M Bitcoin, Controls 3.2% Supply
Strategy Buys $214M Bitcoin, Controls 3.2% Supply

Strategy Buys $214M Bitcoin, Controls 3.2% Supply

News summary

Michael Saylor's company Strategy has increased its Bitcoin holdings by purchasing 1,955 BTC for approximately $217 million, raising its total to 638,460 BTC, which represents about 3.2% of the total Bitcoin supply. Despite a recent slowdown in the size of purchases compared to earlier in the year, Strategy continues an aggressive accumulation strategy, with six consecutive weekly buys and 7,714 BTC added in August alone. The latest purchase was primarily financed through equity sales, raising over $217 million from share offerings. This acquisition comes shortly after Strategy was excluded from the S&P 500 index, a move that disappointed investors despite the company's strong quarter and meeting eligibility requirements. Strategy's Bitcoin holdings are currently valued at around $71.5 billion, showing a significant profit margin of over 50% above the investment cost, and the company's Bitcoin yield for 2025 stands at 25.8%. Other major corporate Bitcoin buyers, such as Japan's Metaplanet and El Salvador, also continue to accumulate Bitcoin, reflecting ongoing institutional interest in the cryptocurrency.

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