Michael Saylor Bitcoin Purchase Resumes: $370 Million Added After Two‑Month Pause

Michael Saylor Bitcoin Purchase Reignites After Two‑Month Hiatus

MicroStrategy, the corporate treasury led by Michael Saylor, announced a $370 million Bitcoin acquisition at an average price of $80,300 per coin, marking the first Michael Saylor Bitcoin purchase since March. The deal was financed partly with proceeds from a secondary offering of MSTR shares, as detailed in a recent SEC filing. ↑ $370 million was allocated to BTC, while the remainder funded dividend payouts, a share‑repurchase of the STRC class and bolstered cash reserves by $30 million.

“The market’s recent bounce gave us confidence to re‑enter,” said Saylor in an internal memo.

Bitcoin rallied to roughly $78,800 on Monday, its first breach of the $79,000 threshold since May, according to CoinGecko. The surge erased paper losses that had accumulated as the cryptocurrency lingered in a bear market for most of the past ten months.

Funding Mechanics and Shareholder Dynamics

Historically, MicroStrategy’s accumulation model relied on issuing new equity and borrowing. The prolonged downturn forced the firm to sell roughly ↓ $544 million of Bitcoin across three transactions in summer 2024, a departure from its “never sell” stance. Share price pressure—MSTR has slipped more than 60% over the last year—prompted the launch of STRC, a dividend‑paying share class aimed at income‑focused investors.

In June, the company set up a financial backstop to cover dividend and interest obligations, granting it flexibility to repurchase shares or liquidate BTC if needed. Yet the need to sustain regular payouts keeps it dependent on fresh capital inflows, whether via equity sales or future Bitcoin disposals.

Analysts at Reuters note that the latest purchase signals renewed confidence, but warn that sustained price weakness could re‑ignite cash‑flow strain. Observers also draw parallels to the post‑pandemic era, when corporations recalibrated balance‑sheet strategies amid volatile markets.

Reported by Chloe Winters (Venture Capital & Innovation Reporter).