In a significant move aligned with its ongoing strategy, the world’s largest publicly traded company holding Bitcoin has made another substantial purchase as the price of the cryptocurrency fell below $108,000. According to a filing with the U.S. Securities and Exchange Commission (SEC), the company, referred to as Strategy, acquired 4,048 Bitcoin (BTC) for $449.3 million from August 25 through Monday. This latest acquisition was executed at an average price of approximately $110,981 per BTC, coinciding with a brief price surge above $113,000 before dipping below $108,000 on Friday, as reported by CoinGecko.
With this purchase, Strategy has significantly boosted its total Bitcoin holdings, which now amount to 636,505 BTC, acquired at a striking total investment of around $46.95 billion, translating into an average purchase price of $73,765 per coin. Notably, the recent transaction reflects a continuation of the company’s buying trend, which included several other acquisitions throughout August. Previous purchases in August included 3,081 BTC, along with smaller buys of 430 BTC and 155 BTC, culminating in a total of 7,714 BTC acquired that month. This represents a stark decline from the company’s aggressive buying spree in July, when it acquired 31,466 BTC.
The latest Bitcoin acquisitions were primarily funded through proceeds from four at-the-market (ATM) equity offerings. These offerings have been described by Strategy co-founder Michael Saylor as integral components of the firm’s “Bitcoin defense department,” underscoring their strategic importance.
Despite these efforts, concerns have been mounting regarding the slowdown in Strategy’s Bitcoin purchases and a visible drop in the value of its MSTR stock. Following a record net income of $10 billion reported in the second quarter of 2025, the company’s stock has decreased by 16%, trading at $339.4 on Tuesday, according to TradingView data. The decline in MSTR shares has sparked a mixed response among investors. While some continue to express confidence in Strategy’s long-term approach to Bitcoin, others have voiced skepticism about its short-term stock performance.
Moreover, the company’s recent decision to raise the STRC dividend from 9% to 10% has prompted additional scrutiny and doubt from analysts. Comments from market observers reflect concerns about the sustainability of such dividend payouts, with one commentator suggesting that “a 10% dividend looks flashy, until you realize it’s just fiat yield on a melting ice cube.” This sentiment highlights a broader debate about traditional financial instruments in contrast to the more volatile but potentially lucrative nature of Bitcoin, suggesting that while dividends may provide immediate returns, Bitcoin’s long-term potential could offer greater value.
As Strategy navigates this complex landscape of acquisitions, stock performance, and dividend adjustments, its actions will be closely watched by investors who remain divided on the company’s trajectory in the cryptocurrency space.
