Corporate demand for Bitcoin continues despite its volatile price performance, as Strategy and Metaplanet both expanded their holdings in late August.
On Aug. 25, the two companies announced that they acquired more than 3,100 BTC, reflecting how institutional treasuries directly reduce available supply and shape market liquidity.
Strategy’s first major purchase in August
Strategy, the world’s largest corporate holder of Bitcoin, confirmed on Aug. 25 that it purchased 3,081 BTC for $356.9 million.
The firm said it paid an average of $115,829 per coin, using proceeds from recent sales of its Class A common stock and preferred share offerings.
This acquisition raised Strategy’s total stash to 632,457 BTC, accumulated at a cost of roughly $46.5 billion. The company’s average purchase price now stands at $73,527 per Bitcoin.
At current market levels, those holdings are valued at nearly $70.56 billion, equating to a profit margin of around 51.7%.
The move represents Strategy’s most significant buy this month, following smaller acquisitions of 155 BTC and 430 BTC earlier in August.
It also reinforced the firm’s strategy of steadily building reserves amid heightened volatility. Year-to-date, Strategy’s Bitcoin position has delivered a yield of 25.4%.
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Author: Oluwapelumi Adejumo
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