Strategy makes small purchase of 430 BTC, extending weekly streak

Strategy continued its regular weekly purchases, though with a smaller addition of 430 BTC. The purchase follows Michael Saylor’s hint at an upcoming treasury expansion. 

Strategy announced its regular weekly purchase, adding just 430 BTC, a relatively small boost to the treasury, for a total of 629,376 BTC.

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 $STRDhttps://t.co/8zSHvPTFJO

— Strategy (@Strategy) August 18, 2025

The new addition follows the purchase of just 115 BTC on August 11. The two weekly purchases were minimal compared to the 21,021 BTC acquired after the sale of STRC special dividend-bearing shares. 

This week’s purchase followed Michael Saylor’s usual X message late on Sunday, suggesting his company would buy BTC again soon. 

Strategy shifts approach to MSTR share sales

After the recent small-scale purchase, Strategy also outlined a new approach to issuing MSTR shares in relation to BTC. 

The share price will define the approach to purchasing BTC, depending on demand and overall conditions. Strategy moved in to assuage concerns about its faltering share price and the subsequent effect on the overall ability to keep buying BTC. 

Strategy today announced an update to its MSTR Equity ATM Guidance to provide greater flexibility in executing our capital markets strategy. pic.twitter.com/xSwwcWubIq

— Michael Saylor (@saylor) August 18, 2025

The updated approach to MSTR arrived as the shares dipped and remained under $400. MSTR traded at $366.22, suggesting MSTR will sell shares to cover other obligations, but the proceeds will not go toward BTC purchases. MSTR is now watched to either rebound from its baseline or dip to a lower range, worsening Strategy’s ability to fund its purchases. 

During the last few purchase rounds, Cryptopolitan noted that Strategy did not resort to MSTR sales, instead using its preferred stock to raise funds. For now, the price has not fallen low enough to encourage buyers to swoop in. 

As of August 18, Strategy had another week where the funds to buy BTC came from STRK, STRF, and STRD, in addition to the newly issued STRC. In total, the company raised $50.4M, with another week of relatively low proceeds.

For now, the firm has covered its obligations, though there have been periods with significantly slower fundraising despite the promised dividends. 

Based on Polymarket prediction pairs, Strategy faces a relatively low probability of being margin-called in 2025 or having to sell BTC to cover its obligations. 

Treasury companies become more cautious

Treasury companies are still active, with 3,900 BTC acquired in the past week. Fundraising continued, and 29 new companies added BTC. 

🚨 Week 33 – #Bitcoin Treasury Strategy Updates 🚨

📅 Aug 11-17 saw 62 announcements – ~3.9k BTC 🔥

– 2 new treasuries, including a cigarette company
– 10 future treasuries announcements, ~$105m worth
– 29 companies added 3,859.5 BTC
– 12 plans to buy more BTC, $219m+ raised
-… pic.twitter.com/82JDeiKbO3

— NLNico (@btcNLNico) August 18, 2025

Currently, owning 40 BTC will put a company in the top 40 among treasuries, giving it more exposure. However, not all companies will have the expected boost to their shares. Additionally, BTC mining stocks are also trading with small losses, as the crypto market has retraced its recent gains. 

The trend may only accelerate if BTC shows a more bullish direction and continues hitting new all-time highs in 2025.

Overall, smaller BTC buyers are helping leaders like Strategy and Metaplanet by showing loyalty and a readiness to hold. The gradual addition of BTC to treasuries is also taking BTC off markets and OTC desks, leading to a potential supply crunch. 

While some companies can afford to keep their BTC, a catastrophic scenario would have some of the leading firms resorting to selling their coins to balance other debt. For now, Strategy only has to pay mandatory dividends to STRC holders, while only some of the preferred shares are entitled to BTC compensation.

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