MicroStrategy increases the position by 155 Bitcoins amidst doubts: unrealized gains of 30 billion USD lying flat, waiting for a pullback in BTC, or still no money to buy coins?

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From August 4 to 10, MicroStrategy increased its position by acquiring 155 Bitcoins for $18 million, with an average purchase cost of approximately $116,401. (Previous context: MicroStrategy's Q2 earnings report is coming, Michael Saylor: This will be the most important event in Strategy's history) (Background supplement: MicroStrategy is once again embroiled in legal troubles: Why has accounting standards caused major issues for Michael Saylor?) MicroStrategy, the publicly traded company holding the most Bitcoin, founded by Michael Saylor, announced today (11th) that from August 4 to 10, it increased its position by acquiring 155 Bitcoins for $18 million, with an average purchase cost of approximately $116,401. After this acquisition, MicroStrategy's Bitcoin holdings reached 628,946 coins, with a total purchase cost of $46.1 billion, and an average purchase price of $73,288 per Bitcoin, far below the current market price of Bitcoin. Strategy has acquired 155 BTC for ~$18.0 million at ~$116,401 per bitcoin and has achieved BTC Yield of 25.0% YTD 2025. As of 8/10/2025, we hodl 628,946 $BTC acquired for ~$46.09 billion at ~$73,288 per bitcoin. $MSTR $STRC $STRK $STRF $STRD — Michael Saylor (@saylor) August 11, 2025 The community is curious: Why so little? However, it is worth noting that MicroStrategy's purchase of 155 Bitcoins has led the community to wonder, 'Why so little?' Previously, MicroStrategy often spent tens of millions or even hundreds of millions of dollars to purchase Bitcoin, fulfilling its long-term buy-and-hold commitment. Therefore, the small amount purchased this time has led to various speculations within the community: First, does MicroStrategy not have enough funds to buy Bitcoin? Second, is this acquisition a symbolic purchase, as MicroStrategy might have predicted a pullback in Bitcoin in the near future and is choosing to wait for the pullback before making a large purchase? Third, the unrealized gains on the Bitcoin in MicroStrategy's account have exceeded $30 billion, and MicroStrategy may not need to make large acquisitions to realize substantial profits at any time, so perhaps MicroStrategy will not make large acquisitions in the future? However, some have defended MicroStrategy, stating that it recently spent $2.46 billion to increase its position in Bitcoin, and this time may want to take a break. MicroStrategy is well-equipped The community's speculation on the latter two questions cannot yet be confirmed. However, regarding whether MicroStrategy still has enough funds to purchase Bitcoin, the announcement from MicroStrategy has actually provided an answer. According to MicroStrategy's announcement, the funds that can still be raised under its ATM plan include: $17 billion limit of Common ATM, $20.4 billion limit of STRK ATM, $1.8 billion limit of STRF ATM, $4.1 billion limit of STRD ATM, $4.2 billion limit of STRC ATM. MSTR rose 2% in pre-market trading. According to Google Finance data, despite the community's doubts about the number of Bitcoins acquired by MicroStrategy this time, its stock still rose slightly by 2% before the US stock market opened, with a pre-market price of $403 and a market capitalization of $112 billion. Related reports MicroStrategy Strategy further increases its position by $2.46 billion in Bitcoin! Completing this year's largest STRC preferred stock IPO, BTC drops below $118,000. BNB exceeds $860 to set a new high! Market capitalization surpasses MicroStrategy, Nike, and SoftBank, Nano Labs increases its position by 8,000 BNB. Investment bank TD Cowen: MicroStrategy's premium is 'reasonable and transparent', MSTR expected to reach $680. <MicroStrategy's acquisition of 155 Bitcoins questioned: unrealized gains of $30 billion lying flat, waiting for BTC pullback, or lacking funds to buy coins?> This article was first published in BlockTempo, the most influential blockchain news media.

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