The timing of future purchases depends on MicroStrategy's financial situation and market conditions, but given CEO Michael Saylor's history, a new large-scale buy seems probable.

Saylor has cryptically hinted at a potential new Bitcoin purchase through a message on X, suggesting the company's reserves are still insufficient, especially as they approach the five-year anniversary of their Bitcoin strategy.

Saylor's coded language and past behavior often precede major acquisitions, making his recent posts influential in shaping market sentiment.

MicroStrategy pioneered the corporate Bitcoin treasury model, inspiring many other companies to adopt similar strategies, and now holds more than 628,946 BTC, surpassing the combined holdings of the top 10 Bitcoin treasury firms.

The company's large Bitcoin holdings and influence have established it as a major player in institutional crypto adoption, encouraging other firms to consider Bitcoin for their treasuries.

Bitcoin and Ethereum have reached new all-time highs supported by strong institutional demand, although MicroStrategy's stock has underperformed relative to Bitcoin, raising questions about its valuation.

MicroStrategy continues its disciplined accumulation, including recent purchases like 155 BTC, maintaining its strategy of building a substantial Bitcoin treasury.

Since late 2024, MicroStrategy has more than doubled its Bitcoin holdings, adding over 376,700 BTC in nine months, reflecting an accelerated investment pace post-2024 US presidential election.

MicroStrategy has made multiple significant Bitcoin purchases recently, including over 10,000 BTC in June and July, culminating in a large buy of 21,021 BTC at the end of July, with a minor addition of 155 BTC in August.

Since 2020, MicroStrategy has accumulated over 628,946 BTC, with an average purchase price of around $73,288 per coin, now valued at over $74 billion as Bitcoin's price has surged to approximately $119,309, representing a 61.5% gain.

The company views Bitcoin as a superior long-term store of value and has used corporate assets to build its massive holdings, making it the largest corporate Bitcoin holder.

Recently, MicroStrategy added 155 BTC for about $18 million, increasing its total holdings and reflecting its ongoing disciplined accumulation strategy.