Michael Saylor’s MicroStrategy Buys 10,107 BTC While MSTR Stock Declines
MicroStrategy, led by Michael Saylor, has completed its twelfth consecutive Bitcoin purchase, adding 10,107 BTC to its holdings. Despite this aggressive acquisition strategy, the company’s stock (MSTR) has experienced a decline.
Key Highlights
- MicroStrategy has acquired Bitcoin for the twelfth week in a row.
- The company now holds 471,107 BTC, purchased for a total of $30.4 billion.
- MicroStrategy has filed for a mixed securities shelf to fund further Bitcoin acquisitions.
MicroStrategy’s Latest Bitcoin Purchase
In its latest announcement, MicroStrategy revealed the acquisition of 10,107 BTC for $1.1 billion at an average price of $105,596 per Bitcoin. This brings its total Bitcoin holdings to 471,107 BTC, acquired at an average price of $64,511 per Bitcoin. Year-to-date, the company has achieved a BTC yield of 2.90%.
This purchase follows last week’s announcement of an 11,000 BTC acquisition. MicroStrategy has reaffirmed its commitment to increasing its Bitcoin holdings, with shareholders voting to expand share capital to support its long-term strategy of being the largest public holder of BTC.
Stock Reaction and Market Sentiment
Despite the significant Bitcoin purchase, MSTR stock has dropped by over 4% in pre-market trading. The decline is attributed to bearish sentiment in the broader financial market, amplified by the success of China’s DeepSeek AI and jitters across crypto stocks like MARA, COIN, and MSTR.
Fundraising and Securities Filing
MicroStrategy has filed for a mixed securities shelf to raise additional funds for Bitcoin purchases and other corporate activities. The company also proposed a stock offering to secure capital for general purposes, including working capital and further Bitcoin investments.
Whale Activity in the Bitcoin Market
Alongside MicroStrategy, other Bitcoin whales have been making moves. Whale Alert reported a transfer of 1,023 BTC to the trading firm Cumberland, signaling a potential sell-off. Another whale moved 500 BTC to Binance, suggesting bearish pressure as some investors offload holdings.
Bitcoin Price Update
Bitcoin recently dropped below the $100,000 mark but quickly recovered, reclaiming this psychological level. Analysts remain cautiously optimistic about a potential bullish reversal:
- Titan of Crypto highlighted that Bitcoin is testing the Tenkan support level and could remain structurally intact if it closes above this level.
- CrediBULL Crypto noted that Bitcoin’s dip to lower levels is healthy for liquidity, leaving room for a rebound.
MicroStrategy’s consistent Bitcoin purchases underscore its bullish outlook on the cryptocurrency, even as market conditions and stock performance face challenges.
