MicroStrategy Executive Chairman Michael Saylor has reaffirmed the company's commitment to Bitcoin accumulation despite its stock (MSTR) hitting a five-month low of $323, representing a 16% drop from recent highs. The company currently holds 638,985 BTC acquired at an average price of $73,913 per coin, with a total investment of $47 billion. Recent purchases include 1,955 BTC bought at $114,562 each and 525 BTC at $111,196 each, demonstrating continued accumulation even as Bitcoin pulled back 8% from its $113,000 peak to under $108,000.
Saylor accused short sellers of orchestrating a coordinated bot campaign to spread negative sentiment about MicroStrategy's Bitcoin strategy, claiming digital marketing firms were paid to deploy bots that post critical comments across social media. Veteran short seller Jim Chanos dismissed these allegations as serious claims without evidence, maintaining that his criticism stems from concerns about the company's financial risk exposure and comparing its model to the speculative 2021 SPAC boom.
The company added 7,714 BTC in August through multiple purchases, though this was down from 31,466 BTC acquired in July. MicroStrategy continues to trade at a premium to its Bitcoin holdings as investors bet on future cryptocurrency appreciation, with Saylor's personal wealth reaching $7.37 billion primarily through his MicroStrategy equity stake.
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