According to @OnchainLens, Strategy (formerly MicroStrategy) purchased 3,081 BTC for $356.9M at an average price of $115,829 per Bitcoin, as reported on Aug 25, 2025 (source: @OnchainLens). According to @OnchainLens, the company now holds 632,457 BTC acquired for approximately $46.5B with a reported portfolio average cost of $73,527 per BTC (source: @OnchainLens). Based on @OnchainLens figures, the new tranche increased total holdings by about 0.49% and was executed roughly 57.6% above the reported portfolio average cost ($115,829 vs. $73,527) (source: @OnchainLens). Based on @OnchainLens data, the implied pre-purchase position was 629,376 BTC with an estimated average cost near $73,316, and this buy lifted the portfolio average by roughly $211 (source: @OnchainLens). For traders, the $115,829 tranche price and $73,527 portfolio average are key reference levels for monitoring large-buyer activity, according to @OnchainLens (source: @OnchainLens).

According to @saylor, MicroStrategy (MSTR) adopted a Bitcoin Standard five years ago and has since outperformed every asset class and each Magnificent 7 stock, as stated in his Aug 22, 2025 post (source: @saylor). He also states that traders can track the company’s daily annualized results at Strategy.com, providing an official reference for performance monitoring (source: Strategy.com; @saylor).

According to Miles Deutscher, BTC is structurally weak and has been trading within a downtrending channel since early July. Source: Miles Deutscher (X, Aug 20, 2025). According to Miles Deutscher, the MicroStrategy treasury bid—which he identifies as the main driver of BTC’s last rally—has significantly decreased in size and frequency, creating a demand void. Source: Miles Deutscher (X, Aug 20, 2025).

According to Bobby Ong, companies are competing to accumulate crypto in the current cycle, and he expects countries to compete in the next cycle (source: Bobby Ong on X). Corporate accumulation is evidenced by US spot Bitcoin ETFs from issuers BlackRock (IBIT) and Fidelity (FBTC) publishing daily BTC holdings and creations since January 2024, alongside public-company BTC treasuries disclosed in SEC filings such as MicroStrategy and Tesla (sources: BlackRock iShares; Fidelity; U.S. SEC filings for MicroStrategy and Tesla). At the sovereign level, El Salvador’s government has publicly reported ongoing BTC purchases since adopting Bitcoin as legal tender in 2021, illustrating a pathway to state-level accumulation (sources: Government of El Salvador; National Bitcoin Office of El Salvador; statements by President Nayib Bukele). For trading, monitor daily ETF net flows from issuers, new SEC disclosures of corporate BTC buys, official government purchase announcements, CME Bitcoin futures basis, and on-chain exchange balances to gauge supply-demand pressure on BTC and ETH liquidity (sources: BlackRock iShares; Fidelity; U.S. SEC; Government of El Salvador; CME Group; Glassnode).

According to @MilkRoadDaily, five years after MicroStrategy and Michael Saylor initiated their bitcoin treasury strategy with a $250M purchase at an average price of $11,653, BTC recorded its highest daily close at $124,529 and MicroStrategy’s bitcoin holdings are now valued above $77B, underscoring strong upside momentum and balance-sheet leverage to BTC for MSTR traders; source: @MilkRoadDaily on X, Aug 14, 2025. MicroStrategy confirmed its initial acquisition of 21,454 BTC for $250M and announced it would adopt bitcoin as its primary treasury reserve asset, establishing the company’s equity as a high-beta proxy to bitcoin price movements; source: MicroStrategy press release and Form 8-K, Aug 11, 2020. MicroStrategy’s filings state that bitcoin price volatility materially impacts its financial results and share price, a key consideration for traders positioning in MSTR when BTC sets new closing highs; source: MicroStrategy Form 10-K Risk Factors (company filings).

According to the source, five years ago MicroStrategy disclosed a $250 million purchase of 21,454 BTC at an average price of $11,652.84, initiating its bitcoin treasury strategy, source: MicroStrategy press release dated Aug 11, 2020 and SEC Form 8-K filed Aug 11, 2020. For traders, MicroStrategy states bitcoin is its primary treasury reserve asset and that MSTR’s share price is highly sensitive to BTC price movements, making MSTR a high-beta proxy for BTC exposure, source: MicroStrategy 2023 Form 10-K Risk Factors and Business Strategy sections. Claims of a new BTC highest daily close and updated MicroStrategy holdings should be verified against institutional benchmarks and company filings before trading decisions, source: CME CF Bitcoin Reference Rate methodology by CF Benchmarks and MicroStrategy investor relations 8-Ks and earnings releases. Mechanically, opportunities often arise around MSTR’s BTC-per-share, the premium or discount versus its bitcoin NAV, and disclosures of equity or convertible note financings used to acquire BTC, source: MicroStrategy 8-Ks and press releases on convertible notes and ATM programs from Dec 2020 through 2024. Key trading levels are the prior all-time high daily close on your chosen benchmark and MSTR’s relative performance versus spot BTC during high-volume sessions, source: CF Benchmarks documentation and MicroStrategy 2023 Form 10-K market risk disclosures.

According to @milesdeutscher, MicroStrategy (MSTR) holds more BTC than all other public companies combined, underscoring the firm’s dominant corporate Bitcoin position; source: @milesdeutscher. For traders, this concentration reinforces MSTR’s role as a high-beta BTC proxy and elevates sensitivity of both BTC and MSTR to MicroStrategy treasury actions and headlines around Michael Saylor; source: @milesdeutscher. This corporate accumulation highlights tighter circulating supply from public-company treasuries, which can intensify BTC volatility during liquidity events and catalysts tied to MSTR; source: @milesdeutscher.

According to @cas_abbe, Michael Saylor’s Bitcoin stack is valued at $76.16B with total profit of $30.05B (+65.19%), unrealized profit of $30.06B, and a 24h change of +$1.95B as Bitcoin trades around $122K; the source adds he has not sold any BTC. source: @cas_abbe (X, Aug 11, 2025) Based on these figures, the implied cost basis is approximately $46.11B, a data point traders can use to gauge whale profitability at the cited $122K level. source: @cas_abbe (X, Aug 11, 2025) The post frames $122K as a level where other participants are selling while this whale is reportedly holding, highlighting a sentiment contrast relevant for BTC order flow monitoring. source: @cas_abbe (X, Aug 11, 2025)

According to @rovercrc, Michael Saylor has posted his Bitcoin tracker again on X, a development framed as a fresh alert for BTC market watchers (source: @rovercrc on X, Aug 10, 2025).

According to @alice_und_bob, a new X post shares a clip of Michael Saylor introducing MicroStrategy as a software company that turned its balance sheet into a superconductor, underscoring the firm’s balance-sheet strategy. Source: @alice_und_bob on X dated August 9, 2025. MicroStrategy formally adopted Bitcoin as its primary treasury reserve asset in 2020 and has disclosed continued BTC acquisitions, anchoring its corporate strategy to Bitcoin exposure. Source: MicroStrategy press release dated August 11, 2020 and MicroStrategy 2023 Form 10-K. The company warns that Bitcoin price volatility can materially impact reported financial results through digital asset accounting and impairment, making BTC moves directly relevant to analysis of MSTR’s financial performance. Source: MicroStrategy 2023 Form 10-K risk factors. For traders, communications that highlight MicroStrategy’s Bitcoin-centric treasury policy are relevant when evaluating BTC-sensitive equities such as MSTR alongside direct BTC market dynamics. Source: @alice_und_bob on X and MicroStrategy 2023 Form 10-K.

According to @Andre_Dragosch, the inaugural BitcoinTreasuries.net report shows institutional treasuries hold 17% of all BTC, totaling 3.64M BTC valued at $428B, source: BitcoinTreasuries.net report via @Andre_Dragosch (Aug 9, 2025). The report attributes these holdings to governments, companies, ETFs, and exchanges, with July alone recording net purchases of +166,000 BTC, source: BitcoinTreasuries.net report via @Andre_Dragosch (Aug 9, 2025). MicroStrategy led July accumulation with +31,466 BTC, underscoring corporate treasury participation, source: BitcoinTreasuries.net report via @Andre_Dragosch (Aug 9, 2025).

According to @Andre_Dragosch, the replicated Price-to-Bitcoin-Yield-Derivative (P/BYD) ratio for MicroStrategy (MSTR), originally proposed by Croesus_BTC, currently stands at 1.01. This ratio, which measures the market premium over MicroStrategy's modified Net Asset Value (mNAV) in relation to BTC yield, tends to fluctuate significantly, especially when Bitcoin (BTC) yields are low. The latest reading of 1.01 suggests that MSTR's mNAV premium is currently 'fair', indicating neutral trading sentiment for MSTR relative to its BTC holdings. This metric is important for traders assessing arbitrage or premium/discount opportunities related to MSTR and BTC price movements (source: @Andre_Dragosch).

According to @rovercrc, MicroStrategy (MSTR) is now only 1,209 Bitcoin (BTC) away from owning 3% of the entire BTC supply. This significant accumulation positions MSTR as a major institutional holder, which may impact market liquidity and price volatility. Crypto traders should closely monitor further purchases and MSTR’s strategy, as large-scale corporate holdings can influence Bitcoin price movements and overall market sentiment (source: @rovercrc).

According to @ai_9684xtpa, a long-term crypto holder who accumulated their portfolio over 14 years has sold 80,000 BTC and ETH, with Galaxy Digital identified as the main OTC channel for these large transactions. The same source notes that MicroStrategy has recently acquired ETH through Galaxy Digital, highlighting the firm's pivotal role in facilitating major institutional crypto trades. Galaxy Digital, whose founder invested in BTC as early as 2013 at just $100, is currently seen as a key player on Wall Street for crypto market access. These developments underscore Galaxy Digital's increasing influence in large-scale crypto liquidity and could impact BTC and ETH price volatility as these transactions move off exchanges and into institutional hands, per @ai_9684xtpa.

According to @saylor, investors can potentially outperform Bitcoin (BTC) by investing in MicroStrategy (MSTR), a company known for holding significant BTC reserves. Saylor also notes that STRC may offer returns superior to USD money markets, suggesting it as a viable alternative for those seeking higher yields. These strategies, discussed with @cvpayne, reflect ongoing trends in crypto innovation and highlight actionable opportunities for traders looking to maximize their exposure and returns in the digital asset space. Source: @saylor.

According to @MilkRoadDaily, MicroStrategy (MSTR) reported an unprecedented $10 billion profit for Q2, surpassing every other S&P 500 company. This record-breaking performance is largely attributed to MSTR's Bitcoin (BTC) treasury strategy, signaling a potential shift as more corporations consider adopting BTC as a reserve asset. Traders should closely monitor companies integrating BTC into their balance sheets, as this trend could drive further volatility and institutional inflows into the crypto market (source: @MilkRoadDaily).

According to @saylor, today's MicroStrategy ($MSTR) earnings call will include a live Q&A session featuring prominent market analysts such as Lyn Alden, Preston Pysh, Excellion, Punter Jeff, and several top $MSTR equity analysts. This interactive event offers traders timely insights into MicroStrategy's financial performance and its ongoing Bitcoin (BTC) investment strategy, making it a key event for those tracking the intersection of equity and cryptocurrency markets. Source: @saylor.

According to @MilkRoadDaily, crypto treasury plays have emerged as a leading trend in 2025, with companies like MicroStrategy accumulating Bitcoin (BTC) and SharpLinkGaming making significant investments in Ethereum (ETH). These moves highlight a growing interest among corporations to hold digital assets in their balance sheets, potentially fueling further demand for BTC and ETH. Traders should monitor this ongoing adoption, as it could drive increased price volatility and liquidity in both cryptocurrencies (source: @MilkRoadDaily).

According to QCPgroup, despite subdued price movements in the Bitcoin (BTC) market, institutional conviction remains robust. MicroStrategy and SharpLinkGaming are actively raising capital to increase their BTC holdings, strengthening the medium-term structural case for Bitcoin even as current prices do not yet reflect this growing institutional demand. This ongoing capital influx from major players signals persistent long-term bullish sentiment in the crypto market, which traders should monitor closely for potential price shifts once market sentiment aligns with institutional activity (source: QCPgroup).

According to @lookonchain, MicroStrategy has purchased another 21,021 BTC for $2.46 billion at an average price of $117,256 per Bitcoin. The company now holds a total of 628,791 BTC, valued at approximately $74.26 billion, with an average buying price of $73,277. This large-scale accumulation results in an unrealized profit of $28.18 billion for MicroStrategy. This significant purchase signals continued institutional confidence in Bitcoin (BTC) and is likely to impact market sentiment and liquidity, attracting trader attention and potentially influencing BTC price action. Source: @lookonchain.