Saylor signals third consecutive Strategy Bitcoin buy in August

Strategy co-founder Michael Saylor signaled an impending Bitcoin (BTC) purchase, and, if completed, the transaction volition people the company’s 3rd BTC acquisition successful August.

The company’s most caller Bitcoin buy occurred connected August 18, erstwhile Strategy purchased 430 BTC for $51.4 million, bringing its full holdings to 629,376 BTC, valued astatine implicit $72 cardinal astatine the clip of this writing.

Data from SaylorTracker shows Strategy is up implicit 56% connected its BTC investment, representing implicit $25.8 cardinal successful unrealized gains astatine existent prices.

Strategy’s past of Bitcoin purchases. Source: SaylorTracker

The company’s BTC acquisitions successful August person been comparatively slim. Strategy typically acquires thousands oregon tens of thousands of BTC successful each purchase, yet it has lone acquired 585 BTC truthful far, successful 2 abstracted transactions, this month.

Strategy leads the complaint successful firm BTC acquisition and is the largest BTC treasury institution by a wide margin. Saylor continues to advocator for Bitcoin by orange-pilling idiosyncratic investors and fiscal institutions, sparking a question successful firm finance.

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Strategy is not straight impacting Bitcoin marketplace prices with its acquisition plan

Shirish Jajodia, the company’s firm treasurer, precocious told podcaster Natalie Brunell that Strategy does not determination the BTC market with its purchases.

The institution acquires BTC done over-the-counter transactions, backstage agreements betwixt parties that hap extracurricular of spot exchanges, and different methods that bash not interaction marketplace price.

Institutional investors hold BTC long-term, which raises the level terms of Bitcoin implicit time. However, different factors, similar terms speculation and traders, person a much contiguous interaction connected the short-term marketplace terms of BTC, Jajodia said.

“Bitcoin’s trading measurement is implicit $50 cardinal successful immoderate 24 hours — that's immense volume. So, if you are buying $1 cardinal implicit a mates of days, it's not really moving the marketplace that much,” helium added.

Price enactment of Strategy’s stock. Source: TradingView

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