Technique’s (previously MicroStrategy’s) aggressive Bitcoin playbook rolled on this week with one other nine-figure buy simply introduced by none aside from Michael Saylor.
Nevertheless, it was the comment that got here with it that caught the attention. Chaitanya Jain, Bitcoin technique supervisor on the firm, reinvented the previous crypto joke on social media and said that the agency will “be shopping for the highest without end” after a software program supplier added 430 BTC at a mean of $119,666 per coin.
Many are jokingly pointing to the character of Technique acquisitions as the corporate typically purchased the precise prime of the Bitcoin value and, after the announcement, it’s not uncommon to see BTC going right into a correction on the charts.
Bought 430 $BTC for $51 million.
We’ll be shopping for the highest without end. https://t.co/OZ8GQzaSEu— Chaitanya Jain (@_ChaitanyaJ) August 18, 2025
As of Aug. 17, 2025, Technique’s steadiness sheet holds 629,376 BTC. That stash, constructed since 2020, carries a complete value foundation of roughly $46.15 billion, with a mean entry value of $73,320 per BTC. Despite the fact that Technique as soon as once more “purchased the highest,” the most recent buy means the agency’s Bitcoin yield sits at 25.1% for the 12 months to this point.
Digging deeper into the numbers, information reveals that Technique’s present holdings translate right into a market worth of round $72.4 billion, placing it greater than 56% in revenue general. And that’s no joke for the ultracomplicated multibillion monetary operation involving a number of private advertising from Saylor and fixed borrowing via issuance of latest shares.
Numbers recreation
Speaking concerning the prime, Bitcoin has retreated from highs above $123,000 earlier in August to close $115,000 as we speak, triggering a painful $581 million liquidation “avalanche” in parallel.
On the company aspect, roughly 71% of that valuation is tied on to Bitcoin, underscoring how Technique has change into a literal proxy for the cryptocurrency.
Whether or not Jain’s remark was meant in jest or a nod to Bitcoin’s cyclical volatility, the assertion displays the bizarre state of affairs the corporate has created for itself: doubling down at ranges some worry might mark a near-term prime, whereas its long-term thesis continues to hinge on Bitcoin changing into the last word retailer of worth.
For now, the technique is exhibiting excellent numbers.
