Michael Saylor of the strategy signals an imminent BTC purchase for the Treasury

The co-founder of the Michael Saylor strategy reported an imminent purchase of Bitcoin (BTC) and, if it is finished, the transaction will mark the third acquisition of the company’s BTC in August.

The purchase of the most recent Bitcoin of the company took place on August 18, when the strategy bought 430 BTC for $ 51.4 million, bringing its total assets to 629,376 BTC, valued at more than $ 72 billion at the time of writing this document.

Saylortracker’s data show that the strategy has increased by more than 56% on its BTC investment, which represents more than $ 25.8 billion in unrealized gains at current prices.

Bitcoin Price, Microstrategy, Bitcoin Adoption, Michael Saylor, Companies
The history of Bitcoin’s purchasing strategy. Source: Saylortracker

The BTC acquisitions of the company in August were relatively thin. The strategy generally acquires thousands or tens of thousands of BTCs in each purchase, but it has only acquired 585 BTC so far, in two separate transactions this month.

The strategy leads to the burden of the acquisition of the corporate BTC and is the largest BTC cash company by a wide margin. Saylor continues to defend Bitcoin by individual investors and financial institutions via Orange, triggering a movement in corporate finance.

In relation: Do companies in difficulty use crypto reserves as a lifeline of public relations?

The strategy does not have a direct impact on Bitcoin market prices with its acquisition plan

Shirish Jajodia, company treasurer of the company, recently told the Podcastor Natalie Brunell that the strategy does not move the BTC market with its purchases.

The company acquires the BTC through over -the -counter transactions, private agreements between the parties that occur outside the exchange of points and other methods which have no impact on the price of the market.