Saylor Seizes the Dip: MicroStrategy Gobbles Up 430 BTC as Bitcoin Stumbles
Bitcoin's price takes a hit—MicroStrategy doubles down.
Michael Saylor's crypto vault grows heavier by 430 BTC ($28M at current prices) as the OG cryptocurrency dips below $65K. The enterprise software-turned-Bitcoin-hoarder now holds over 150,000 BTC—enough to make even Satoshi raise an eyebrow.
Wall Street analysts shrug: 'Volatility? In crypto? Unheard of.'
The move follows MicroStrategy's now-predictable playbook: buy fear, tweet memes, repeat. Meanwhile, retail traders stare at leveraged long positions turning to dust.
Saylor's last words on the matter? 'We’re not traders.' Cue the world's tiniest violin for the rest of us.
Purchase Details And Holdings
Based on the firm’s disclosure and SEC filings, the company now holds 629,376 BTC, which represents almost 3% of the total bitcoin supply.
Strategy has acquired 430 BTC for ~$51.4 million at ~$119,666 per bitcoin and has achieved BTC Yield of 25.1% YTD 2025. As of 8/17/2025, we hodl 629,376 $BTC acquired for ~$46.15 billion at ~$73,320 per bitcoin. $MSTR $STRC $STRK $STRF $STRD https://t.co/FLRjCKDMQO
— Michael Saylor (@saylor) August 18, 2025
Reports place the aggregate cost of that stash at about $46.15 billion. The latest 430 BTC came after the company raised money by selling stock; proceeds from STRK, STRF, and STRD share sales — roughly $19.3 million, $19 million, and $12.1 million respectively — were used to fund the purchase.
Michael Saylor also hinted at new buying in a Sunday post on X, captioned “Insufficient Orange.”
The fresh purchase is the third consecutive weekly buy. That pattern shows the company is sticking to a steady accumulation habit. But in the scale of its holdings, 430 BTC is tiny — a routine top-up rather than a large strategic shift.
Insufficient Orange pic.twitter.com/QcRT0RTzEg
— Michael Saylor (@saylor) August 17, 2025
New Equity Guidance And Funding Rules
Reports have disclosed an update to the company’s Equity at-the-Market guidance tied to mNAV levels. The firm will actively issue MSTR shares when the market NAV multiple (mNAV) is above 4.0x.
When mNAV sits between 2.5x and 4.0x, it will issue shares to buy more BTC. If mNAV falls below 2.5x, the company says it will prioritize paying interest on debt and funding preferred equity dividends.
There is also a note that the company may consider using credit to repurchase MSTR shares when mNAV is below 1.0x.
That guidance matters because issuing shares affects equity holders. Reports present this as a tool the company intends to use depending on market conditions.
Market Moves And Stock ReactionBitcoin pulled back in the last week and the company’s stock fell alongside it. Bitcoin is down almost 5% in the past seven days and slid below the psychological $115,000 mark at one point.
MSTR stock dropped more than 8% over the last five days, slipping from a prior close of $365 to roughly $357 in recent trading.
Featured image from Meta, chart from TradingView
