THE LATEST CRYPTO NEWS

Strategy—formerly known as MicroStrategy—could meaningfully accelerate its Bitcoin-buying pace this year, according to analysts at JPMorgan.  The firm, led by well-known Bitcoin bull Michael Saylor, is already one of the largest publicly traded Bitcoin treasury companies, and JPMorgan believes its next move may be a larger, faster round of acquisitions. Strategy Could Outpace Past Bitcoin Buying Strategy currently holds more than 818,000 Bitcoin, according to BitcoinTreasuries.net. Purchases have been active throughout 2026: the company reportedly added over 145,000 BTC in just five months, which is estimated at roughly $11 billion.  JPMorgan analysts, however, said that amount could rise substantially. Under their view, Strategy’s Bitcoin purchases this year could reach $30 billion over the course of the year. At today’s implied annualized pace, that would put 2026 purchases far above the roughly $22 billion acquired across 2024 and 2025 combined. Related Reading: VanEck Forecast: Bitcoin Could Climb To $1,000,000 By 2031, Research Head Says JPMorgan pointed to a change in momentum in April, saying Strategy “appears to have re-accelerated its bitcoin purchases.” The analysts tied the behavior to what they described as an increasingly opportunistic buying pattern. The optimism around Strategy’s plan also showed up in analyst price targets. On Thursday, TD Cowen raised its target price for the company’s stock, MSTR, from $385 to $395.  As of the time of writing, MSTR closed at $179, translating to an 18% gain since the beginning of the year. If TD Cowen’s forecast were to play out, the implied move would represent about a 120% jump from current levels. Net Loss Vs. Big Forecast Analysts also highlighted the financing approach by Strategy behind the acquisitions. They say the firm’s increased use of STRC (variable-rate perpetual preferred stock) to fund Bitcoin purchases could improve capital efficiency, making it more attractive relative to prevailing market pricing. Still, the company’s latest financial picture includes major losses. Strategy reported a net loss of $12.54 billion for the quarter, driven largely by an unrealized decline in Bitcoin fair value of $14.46 billion. Related Reading: This New Move Just Opened XRP To 44 Million New Users Looking ahead, the base case and scenarios for Strategy reflect a bullish outlook. The firm’s base case is that Bitcoin could reach approximately $140,000 by the end of 2026, with an upside scenario of about $175,000.  Separately, Joseph Vafi at Canaccord Genuity reiterated a Buy rating on May 7, lifting his MSTR price target from $185 to $224. Canaccord noted that since Bitcoin has rebounded—moving up from its roughly $62,000 low to more than $80,000—Strategy has continued to “weather another perceived storm. Featured image created with OpenArt, chart from TradingView.com 

Strategy, the world’s largest publicly traded Bitcoin (BTC) holder, released its first-quarter (Q1) financial results on Tuesday, and the headline number was stark: more than $12 billion in losses.  Strategy Q1 Financial Snapshot In its report, the company said its operating loss for Q1 2026 totaled $14.47 billion, compared with $5.92 billion in Q1 2025. Strategy also broke out the main driver of that operating loss, stating that Q1 2026 operating loss included an unrealized loss on the company’s digital assets of $14.46 billion.  Related Reading: XRP Near $1.40—What Could Spark A Move To $1.70, And How The CLARITY Act Fits In Strategy’s net loss for the first quarter of 2026 came in at $12.54 billion, or $38.25 per common share on a diluted basis. That compared with a net loss of $4.22 billion, or $16.49 per common share on a diluted basis, in the prior-year quarter.  The company also provided an update on liquidity. As of March 31, 2026, Strategy reported cash and cash equivalents of $2.21 billion, compared with $2.30 billion as of December 31, 2025.  On the revenue side, Strategy recorded total revenues of $124.3 million in Q1 2026, up from $111.1 million in Q1 2025—an increase of 11.9% year over year.  Bitcoin Numbers Disclosed Strategy also included a Bitcoin performance snapshot. Through 2026 year-to-date, the company reported a BTC yield of 9.4%. It also reported a BTC dollar gain of $4.97 billion for 2026 year-to-date.  As of May 3, 2026, Strategy said its digital assets were comprised of approximately 818,334 Bitcoin. The company reported an original cost basis and market value of $61.81 billion and $64.14 billion, respectively.  Related Reading: DTCC Tokenized Securities Roadmap: Pilot In July, Scale Up In October—With Big Names Like Ripple For Strategy, that translates to an average cost per Bitcoin of approximately $75,537 and an average market price per Bitcoin of approximately $78,374 as of May 1, 2026. On Tuesday, Strategy’s stock, which trades under the ticker name MSTR, closed the trading session at $186, marking a 3% increase for the day, as Bitcoin surpassed the $81,000 mark.  Featured image created with OpenArt, chart from TradingView.com 

Strategy, formerly known as MicroStrategy and led by Michael Saylor, disclosed a new Bitcoin (BTC) acquisition on Monday while simultaneously unveiling an ambitious capital-raising program designed to push its holdings toward a 1 million‑coin milestone by the end of 2026. Strategy Reports Weekly Buy Amid Consolidation In its routine Monday filing with the US Securities and Exchange Commission (SEC), Strategy reported spending $76.5 million to add 1,031 BTC to its treasury.  The purchase came as Bitcoin traded back within the consolidation band it has occupied for roughly two months, between about $60,000 and $72,000, after a failed attempt to break through and consolidate key resistance at $76,000 last week.  The move continues the public company’s weekly pattern of disclosing its purchases. Over the past few years, it has become the largest corporate holder of digital assets after beginning to rapidly acquire Bitcoin in 2021. Related Reading: Ethereum Bottom Signal? Analyst Maps Out Road To $10,000 Data compiled by Bitcointreasuries.net shows Strategy holds 762,099 BTC as of March 23. At the time of publication, that stake was valued at nearly $57.7 billion, based on an average entry price of $75,694 per coin.  Beyond that recent trade, Strategy also amended its corporate authorizations to support a much larger campaign to amass the market’s leading cryptocurrency.  The company disclosed plans to raise up to $42 billion in new capital, split evenly between as much as $21 billion of Class A common stock (MSTR) and $21 billion of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), which would give Strategy substantial purchasing power to accelerate its Bitcoin accumulation goal. 600,000 More Bitcoin By Year‑End? At current prices near $70,500, the $42 billion program could theoretically fund the purchase of roughly 595,000 additional Bitcoin, which would not only meet but materially exceed the company’s stated 1 million‑coin aspiration by year‑end.  If executed in full, the raise would push Strategy’s total holdings to more than 1.35 million BTC—surpassing even its ambitious public targets—and represent about 6.42% of BTC’s 21 million fixed supply, according to Bitcointreasuries.net. Related Reading: 4 Bitcoin Targets To Be On The Lookout For As Price Retests S/R Zone CEO Phong Le highlighted the symbolism of the $42 billion figure in a post on X (formerly Twitter), quoting The Hitchhiker’s Guide to the Galaxy: “42 is the Answer to the Ultimate Question of Life, the Universe, and Everything.” Le noted the neatness of the 21 + 21 split, which mirrors Bitcoin’s 21 million supply cap. Simultaneously, the cryptocurrency rebounded by almost 3% on Monday, beginning the day on the same optimistic note as the start of last week’s advance. However, short-term losses currently outweigh profits for BTC, as CoinGecko data show a 4% decline over the past week.  Featured image from OpenArt, chart from TradingView.com 

Michael Saylor, the outspoken Bitcoin (BTC) advocate and Strategy (previously MicroStrategy) co-founder, said on Tuesday that the company remains firmly committed to its long‑standing Bitcoin strategy, despite growing concerns about its financial risks. Strategy Will Buy Bitcoin Every Quarter Speaking in an interview with CNBC, Saylor said Strategy plans to continue buying Bitcoin on a regular basis, regardless of price swings or skepticism from market observers.  He said the company intends to add to its Bitcoin holdings every quarter and has no plans to reverse course. “I expect we’ll be buying bitcoin every quarter forever,” Saylor said. Related Reading: Strategy Expands Bitcoin Holdings With $90M Purchase, Bitmine Follows With ETH Addressing concerns about the company’s debt load, Saylor was dismissive of the idea that a prolonged Bitcoin downturn could threaten Strategy’s finances.  He said that even in a severe scenario, the company would manage its obligations through refinancing. “If Bitcoin falls 90% for the next four years, we’ll refinance the debt,” he said. “We’ll just roll it forward.” Strategy currently carries more than $8 billion in total debt, much of it tied to convertible notes the company issued to fund Bitcoin purchases. Despite this leverage, Saylor said he believes lenders will continue to support the company even if Bitcoin prices decline sharply.  Asked whether banks would still be willing to lend under those circumstances, he replied that Bitcoin’s inherent volatility does not undermine its long‑term value. “Yeah,” he said, “because the volatility of Bitcoin is such that it’s always going to be a value.” Saylor also rejected any suggestion that Strategy might be forced to sell its Bitcoin holdings to shore up its balance sheet. He emphasized that liquidation is not part of the company’s plan and reiterated his belief in Bitcoin as a long‑term asset. Short Sellers Increase Bets  Market sentiment around Strategy, however, has grown more cautious. Short interest in the company’s stock has risen sharply, increasing about 40% from a low point in September 2025, according to an analysis published by Barron’s.  Roughly 30.5 million shares are now sold short, representing about 10% of the company’s public float. At the same time, long‑term investors have pulled back, with Strategy’s shares, MSTR, falling around 70% to current trading prices of $134.  Related Reading: Bernstein Calls Bitcoin Crash A ‘Crisis Of Confidence,’ Maintains $150,000 Target Despite the pressure on its stock, Strategy remains the largest corporate holder of Bitcoin. According to figures published on the company’s website, it holds 714,644 BTC, valued at approximately $49 billion at the time of writing.  Saylor also noted that the company has sufficient liquidity to support its obligations, stating that Strategy has roughly two and a half years’ worth of cash on its balance sheet to cover dividend payments. At the time of writing, Bitcoin was trading at around $69,192, registering losses of nearly 8% over the past seven days and 3% over the past 24 hours.  Featured image from OpenArt, chart from TradingView.com 

Strategy, formerly known as MicroStrategy, is continuing its long‑standing Bitcoin (BTC) accumulation strategy despite ongoing market weakness and growing concerns around the firm’s unrealized losses.  At the same time, Bitmine Immersion Technologies, chaired by well‑known market strategist Tom Lee, has revealed a major expansion of its Ethereum (ETH) holdings, underscoring a broader trend of corporate crypto accumulation even as prices remain under pressure. Strategy Adds 1,142 BTC Despite Rising Losses  In a filing with the US Securities and Exchange Commission disclosed on Monday, Strategy reported the purchase of an additional 1,142 Bitcoin for approximately $90 million.  The acquisition was made between February 2 and February 8 at an average price of $78,815 per coin, according to the company’s 8‑K filing with the regulator. The move extends Strategy’s aggressive Bitcoin buying campaign, even as the value of its massive crypto treasury remains below its total acquisition cost on paper. Related Reading: After Predicting XRP’s Drop, Analyst Says The Bottom May Be In With the latest purchase, Strategy’s total Bitcoin holdings have climbed to 714,644 BTC, a position currently valued at roughly $49 billion based on prevailing market prices.  The company has spent about $54.4 billion to build its Bitcoin reserves, including fees and related expenses. Across all acquisitions, Strategy’s average purchase price now stands at $76,056 per Bitcoin, well above current trading prices. Concerns around Strategy’s balance sheet have resurfaced amid the recent Bitcoin sell‑off. As previously reported by NewsBTC, CEO Phong Le stated that Bitcoin would need to fall by roughly 90% from current levels for the value of Strategy’s Bitcoin holdings to merely match the value of its outstanding convertible debt.  Even under such an extreme scenario, Le said the company would explore restructuring options if converting the debt into equity were not feasible. Bitmine’s Crypto And Cash Holdings Reach $10B  On Monday, Bitmine disclosed that its combined crypto holdings, cash, and so‑called “moonshot” investments now total approximately $10 billion. As of February 8, the company’s crypto portfolio includes 4,325,738 ETH valued at $2,125 per token, alongside 193 Bitcoin. Beyond cryptocurrencies, Bitmine reported additional investments including a $200 million stake in Beast Industries, a $19 million stake in Eightco Holdings (ORBS), and total cash reserves of $595 million.  Related Reading: Ethereum Price Set To Break Out Against Bitcoin, But How High Can It Go? The company noted in a Monday press release that its Ethereum holdings represent approximately 3.58% of the total ETH supply, which currently stands at around 120.7 million tokens. Thomas Lee, Executive Chairman of Bitmine, said the company acquired 40,613 ETH over the past week alone. He described the recent pullback in Ethereum prices as an attractive opportunity, arguing that the market is underestimating ETH’s long‑term utility.  Bitmine also revealed that a significant portion of its Ethereum holdings is actively staked. As of February 8, 2026, the company had 2,897,459 ETH staked, valued at approximately $6.2 billion at current prices. At the time of writing, Bitcoin was trading near $69,495, reflecting an almost 11% decline over the past week. Strategy’s shares showed a modest rebound, rising 0.82% on Monday to trade around $136 per share. Bitmine’s stock, BMNR, also moved higher, climbing roughly 2% during Monday’s session to trade near $20.91. Featured image from OpenArt, chart from TradingView.com 

Strategy’s leadership is pushing back against growing concerns that the world’s largest corporate holder of Bitcoin (BTC) could face serious financial stress as the cryptocurrency’s price continues to slide.  Speaking after the company released its fourth‑quarter results, CEO Phong Le sought to reassure investors that the firm remains well-positioned, even as Bitcoin fell close to $60,000 on Thursday. Bitcoin Sell‑Off Tests Strategy’s Financial Resilience Bitcoin dropped roughly 50% since reaching all‑time highs of $126,000 in October of last year, a period during which Strategy, formerly known as MicroStrategy, was aggressively accumulating the digital asset.  The sell‑off has weighed heavily on the company’s share price. Strategy’s stock, trading under the ticker MSTR, sank to about $104 on Thursday, its lowest level since August 2024, after plunging more than 17% during the session. Related Reading: Bitcoin Crash Exposes Colossal Corporate Losses — Here’s Who’s Most Impacted For now, investors are focused on two key factors: the price of Bitcoin itself and Strategy’s ability to meet its financial obligations if the downturn deepens. Those questions loomed large as founder Michael Saylor and CEO Phong Le addressed analysts during the firm’s earnings call. Much of the attention centered on how Strategy would navigate a prolonged “Bitcoin winter,” should one materialize. Saylor has already taken steps to bolster the company’s financial flexibility, including raising a $2.25 billion cash reserve to cover preferred dividend payments totaling $888 million annually.  However, investors remain uneasy about the company’s $8.2 billion in low‑ and zero‑interest convertible bonds, which could begin facing early redemptions starting in September 2027, particularly now that MSTR shares have fallen sharply. Politics, Leverage, And Valuation In Focus Saylor reiterated that the company is keeping its options open, including the possibility of selling Bitcoin if market conditions require it.  He also framed crypto investing as inseparable from politics, pointing to President Donald Trump’s pro‑crypto stance and noting that Trump’s nominee for Federal Reserve (Fed) chair, Kevin Warsh, is viewed as supportive of digital assets.  Still, Bitcoin fell through its post‑2024 election lows on Thursday, reflecting skepticism that the federal government will actively support Bitcoin purchases. Treasury Secretary Scott Bessent reinforced those doubts this week, telling Congress he lacks the authority to rescue Bitcoin markets. On the balance‑sheet front, CEO Phong Le addressed worries about Strategy’s leverage. He said the company operates with roughly one‑third the leverage of a typical high‑yield firm.  Related Reading: Bitcoin Crashes Below $67,000 As Stifel Warns Of Potential Drop To $38,000 According to Le, Bitcoin would need to decline by about 90% for Strategy’s Bitcoin reserves to merely equal the value of its convertible debt. Even in that extreme scenario, he said, the company would explore restructuring options if it could not convert the debt into equity.  Strategy’s own disclosures show an enterprise value of about $49.95 billion, compared with roughly $45.33 billion worth of Bitcoin on its balance sheet. Enterprise value includes the company’s market capitalization, preferred shares, and convertible bonds, minus cash.  If Bitcoin drops once again near $63,000, Strategy’s market cap of $35.57 billion would need to fall about 13% from its recent closing price of $106.99 to eliminate the valuation premium over its Bitcoin holdings. However, since Thursday’s crash, both Bitcoin and Strategy’s stock have made a significant recovery. Bitcoin, for example, has surged to around $69,256. MSTR has recovered above $130, marking a 20% increase in less than 24 hours and offering short-term relief.  Featured image from OpenArt, chart from TradingView.com 

Bitcoin’s (BTC) sharp sell‑off has intensified pressure on Strategy, the company formerly known as MicroStrategy, even as it continues to expand its already massive cryptocurrency holdings. On Monday, the firm disclosed another BTC purchase at a time when prices were sliding to levels not seen in almost a year. Strategy Adds Bitcoin During Market Sell‑Off According to a securities filing released on Monday, Strategy acquired an additional 855 Bitcoin over the prior seven days, paying an average price of about $87,974 per token. The transaction amounted to roughly $75.3 million and further increased the company’s exposure to Bitcoin. The timing of the purchase, however, coincided with a steep downturn in the broader crypto market. Bitcoin fell below Strategy’s average acquisition cost toward $74,500, adding to investor unease.  Related Reading: What’s Next For Bitcoin? Two Key Scenarios: Will It Crash To $60,000 Or Surge To $100,000? That price sat slightly below Strategy’s reported average purchase price of $76,052 per Bitcoin, raising concerns that the company’s sizable holdings could move underwater if the decline deepens. Market reaction was swift. MSTR fell 8% on Monday as Bitcoin slid below that average cost level. When Bitcoin briefly sank to its lowest point since April 2024, the value of Strategy’s total Bitcoin holdings stood at approximately $53.1 billion.  A subsequent rebound toward around $79,000 lifted the valuation of the company’s Bitcoin position beyond $55 billion, offering some relief but little clarity on near‑term direction. Worst In The Nasdaq 100 So far, Strategy’s shares have suffered a steep decline. The stock is down 48% in 2025, making it the worst performer in the Nasdaq 100 index. For comparison, the second‑worst stock in the index, Charter Communications, has fallen 39% over the same period, underscoring the scale of Strategy’s underperformance. Amid these challenges, Strategy is also scheduled to release its fourth‑quarter 2025 results on Thursday. Wall Street expectations suggest modest top‑line pressure but a sharp improvement in profitability.  The Zacks Consensus Estimate calls for fourth‑quarter revenue of $119.6 million, representing a 0.91% decline from the same period a year earlier. Earnings, however, are projected at $46.02 per share, unchanged over the past month and a dramatic turnaround from a loss of $3.20 per share reported in the prior‑year quarter. Analysts expect the company’s fourth‑quarter performance to reflect continued financial momentum, driven largely by Bitcoin‑related gains and disciplined capital allocation.  Related Reading: Crypto Hacks Explode: $370 Million Stolen In January Alone: Researchers By the end of January 2026, the firm’s Bitcoin holdings had climbed to approximately 712,647 BTC, up from 640,808 as of Oct. 26, 2025, further increasing its sensitivity to price movements in the digital asset.  Still, recent share price performance highlights the risks tied to that strategy. Over the past three months, MSTR has fallen 43.4%, significantly underperforming the broader Finance sector, which gained 4.3% over the same period.  The stock has also lagged other Bitcoin‑exposed companies. During that timeframe, Riot Platforms, CleanSpark and Coinbase Global posted declines of 25.3%, 32.0% and 41.1%, respectively, pointing to widespread weakness among Bitcoin proxy stocks, though none have fallen as sharply as Strategy. Featured image from OpenArt, chart from TradingView.com

Bitcoin (BTC) has seen a slight recovery, edging back above the $89,000 mark as it attempts to break through the $90,000 resistance level. Nonetheless, concerns loom over further downward moves, raising worries about the risks this trend poses to firms like Strategy (formerly MicroStrategy). Analysts at the Bull Theory have posed a critical question regarding the potential financial vulnerabilities of Michael Saylor’s Strategy should Bitcoin drop to the critical $74,000 price threshold.  This narrative suggests that a drop to this key price point could place Strategy in financial jeopardy or force the company to sell its Bitcoin assets. However, the analysts assert that these dire predictions do not align with the real financial situation of the company. Debunking Insolvency Fears Currently, Strategy boasts a major 672,497 BTC stockpile valued at approximately $58.7 billion on its balance sheet. In contrast, its total debt stands at about $8.24 billion.  The Analysts emphasize that even if Bitcoin were to decline to $74,000, the total value of its Bitcoin holdings would still be around $49.76 billion—well above its liabilities. Thus, they assert that there is no feasible scenario where a decline from $87,000 to $74,000 would lead to insolvency. Related Reading: Bitcoin And Ethereum Influx: Strategy Grabs 1,200 BTC, Bitmine Immersion Ups ETH by 44,000 A crucial point of distinction is that Strategy does not operate like a hedge fund dealing with margin loans; it has no collateral-backed Bitcoin debt, which means there are no liquidations triggered by price drops.  As the analysts explain, the concerns surrounding forced selling stem from applying trading logic to a corporate balance sheet. The Bitcoin that Strategy holds is neither pledged as collateral nor subjected to margin calls.  Instead, the firm’s borrowings come from unsecured convertible notes, thus lenders do not have the right to demand Bitcoin simply due to falling prices. External Pressures Impacting Strategy  Liquidity remains another concern for some investors who fear that Strategy might be forced to liquidate its Bitcoin to manage its obligations. However, the company has set aside a reserve of $2.188 billion in USD, enough to cover approximately 32 months of its dividend payments, which range between $750 million and $800 million annually.  So, what accounts for the recent decline in Strategy’s stock price if the company’s fundamentals are sound? The analysts highlighted that since October, several external factors have generated fear around Strategy, not due to concerns about insolvency but because of shifting market conditions and institutional positioning. Beginning on October 10, the MSCI index proposed new regulations that could potentially remove companies with over 50% of their assets in Bitcoin from their indexes. This created apprehension about forced index selling, even though a final decision is yet to be made on January 15, 2026.  Additionally, analysts at JPMorgan raised margin requirements for trading Strategy’s stock from 50% to 95%, leading some investors to reduce their exposure, which in turn resulted in selling pressure. Dilution Dangers But while Strategy’s balance sheet appears robust, certain risks merit vigilance. One significant risk highlighted by Bull Theory analysts is dilution. The company has frequently relied on issuing new shares to enhance its Bitcoin holdings.  Related Reading: US Strategic Bitcoin Reserve: Key Catalyst For Potential Surge Toward $150,000 Next Year While many investors view this strategy positively, concerns arise that continuous share issuance during a downtrend may heighten dilution, ultimately weakening existing shareholder value. Additionally, there are concerns that excessive dilution could drive Strategy’s net asset value (NAV) ratio below 1, an important threshold that would limit the company’s ability to raise new capital through share issuance.  At the time of writing, Bitcoin was trading at $89,200, having recorded slight gains of 1.5% over the previous 24 hours. Strategy’s stock (MSTR) is trading at $157 per share, mirroring BTC’s surge with gains of 1.25% in the same time frame.  Featured image from DALL-E, chart from TradingView.com 

Over the past few months, Strategy (formerly known as MicroStrategy), the largest publicly traded Bitcoin (BTC) treasury company, has found itself at the center of a pressing issue that could lead to its exclusion from the Morgan Stanley Capital International (MSCI) index.  This potential move not only poses significant financial risks for the firm but could also have broader implications for the cryptocurrency sector, with analysts estimating that it could result in losses up to $9 billion in demand for its shares. Industry-Wide Consequences The MSCI proposed in October that companies holding digital assets comprising 50% or more of their total assets should be removed from its global benchmarks, arguing that such companies resemble investment funds, which are excluded from its indexes.  However, many firms, including Strategy, assert that they are operational companies creating innovative products and argue that MSCI’s proposal is biased against the cryptocurrency industry. Related Reading: Solana (SOL) Support Shattered, Potential $100 Test Looms, Says Analyst MSCI is currently conducting a public consultation, and analysts warn that if it decides to exclude Digital Asset Treasury (DAT) companies, it could prompt other index providers to follow suit.  “The conversation already extends beyond just MSCI… to the eligibility of DATs in equity indexes in general,” said Kaasha Saini, head of index strategy at Jefferies, who anticipates that most equity indexes will align with MSCI’s decisions. Asset managers are believed to hold as much as 30% of a large-cap company’s free float, leading to potentially significant outflows if these companies are dropped from major indexes. This situation is particularly precarious for the DAT sector, which often finances its token purchases by selling stock. The company’s CEO, Phong Le, and co-founder Michael Saylor addressed the potential MSCI exclusion in a public letter. They estimated that such a move could lead to $2.8 billion worth of the company’s stock being liquidated and may “chill” the entire industry.  In their letter, they explained that excluding DATs could shut them out from the roughly $15 trillion passive investment market, drastically undermining their competitive standing. Major Outflows Predicted For Strategy  Analysts at TD Cowen estimated in November that around $2.5 billion of Strategy’s market value is linked to MSCI, with an additional $5.5 billion reliant on other indexes.  JPMorgan’s analysis suggested that if MSCI were to exclude Strategy, the company could see $2.8 billion in outflows, a figure that could rise to $8.8 billion if it faced exclusion from other indexes, such as the Nasdaq 100, the CRSP US Total Market Index, and various Russell indexes owned by LSEG. In addition to Strategy, MSCI’s preliminary list identifies 38 companies at risk of exclusion, with a combined issuer market cap of $46.7 billion as of September 30, including French firm Capital B, which is also investing in Bitcoin.  Related Reading: Crypto Payments Firm MoonPay Set For $5 Billion Valuation With NYSE Owner’s Backing Alexandre Laizet, Capital B’s director of Bitcoin strategy, remarked that while the current holdings of passive funds in their shares are limited, having access to passive flows is crucial for future adoption. Matt Cole, CEO of US-based Bitcoin buyer Strive—which is not at risk of exclusion—notes that the proposals have largely been factored into market valuations. He added, “On a longer-term basis, I think it raises the cost of capital for all Bitcoin treasury companies.” At the time of writing, the firm’s stock, which trades on the Nasdaq under the ticker symbol MSTR, was trading at $165, marking gains of almost 4% ahead of the close of trading this week.  Featured image from DALL-E, chart from TradingView.com 

Strategy, formerly known as MicroStrategy, has expressed strong opposition to a proposal by the Morgan Stanley Capital International (MSCI) to exclude digital asset treasury companies (DATs) from its indexes.  Calls For Fair Treatment Of Digital Asset Companies In a recent letter signed by Michael Saylor and the firm’s CEO Phong Le, Strategy highlighted its support for MSCI’s efforts to establish consistent eligibility criteria across its indices.  However, the company criticized the proposed threshold for excluding firms with more than 50% digital assets on their balance sheets, calling it “misguided.” The company argued that this measure could have negative implications not only for Strategy’s operations but also for the broader cryptocurrency market. Related Reading: Expert Declares Bitcoin Has Reached Midpoint Of Bear Cycle: What Lies Ahead? Strategy emphasized that, unlike traditional investment funds, it maintains the operational agility to adapt its value-creation strategies in tune with the evolving technology underlying Bitcoin.  The firm asserts that this flexibility is a critical asset for investors and distinguishes Strategy and other DATs from traditional digital asset investment vehicles.  The firm likened its investment approach in a singular asset class to that of real estate investment trusts (REITs) or oil companies, stating that MSCI categorizes those entities correctly without labeling them as investment funds. Therefore, it argued, DATs should be afforded similar treatment. ‘Discriminatory And Arbitrary’ The letter criticized the proposed 50% digital asset threshold as “discriminatory and arbitrary,” suggesting that it imposes uniquely unfavorable conditions on digital asset companies while allowing other industries—like oil, timber, and real estate—to maintain concentrated asset holdings without similar scrutiny.  Strategy raised concerns that enforcing this rule would necessitate MSCI to create new methods for measuring balance sheet concentration, complicating the indexing process unnecessarily due to varying accounting principles across asset classes and jurisdictions. Additionally, Strategy elaborated on how the exclusion of DATs could substantially inhibit innovation within the digital asset industry, which the current administration strongly promotes as part of its economic strategy.  The company said that digital assets like Bitcoin have the potential to become foundational elements of global financial systems, but the proposed measures could limit access to these transformative technologies for pension plans and 401(k)s, ultimately redirecting billions away from the sector. Strategy cautioned that a hasty exclusion of DATs could be based on misconceptions about their business models, asserting that it reflects a misunderstanding of the nature of these entities.  The firm advocated for a more measured approach similar to MSCI’s past handling of the “Communication Services” sector, which underwent extensive consultation and a thorough review before reorganizing traditional telecom, media, and internet companies. Strategy Urges MSCI To Reconsider If implemented, Strategy warns that MSCI’s proposal could lead to the delisting of numerous companies heavily involved in digital assets. JPMorgan analysts estimate that Strategy alone might face liquidations of up to $2.8 billion as a direct consequence of this exclusion. Such a move is also expected to potentially distort market dynamics by incentivizing Bitcoin miners to sell their assets immediately instead of holding them as part of their business strategy. Related Reading: Ethereum Price Climbs Toward $3,300 For The First Time Since November: What’s Driving The Surge? In light of these concerns, Strategy urged MSCI to withdraw the proposal for excluding companies with over 50% digital asset holdings from its Global Investable Market Indexes.  The firm asserted that the proposal is rooted in a flawed understanding of DATs and would impose conditions unaligned with national interests, particularly those advocating for the responsible growth of the digital asset space. As of this writing, the company’s stock, trading under the ticker symbol MSTR, is trading at $185. There has been almost no difference since Tuesday’s trading session amid consolidating crypto prices.  Featured image from DALL-E, chart from TradingView.com 

Despite a 9% recovery on Tuesday, Bitcoin (BTC) has experienced considerable volatility, with its price plummeting to as low as $84,000 just 24 hours ago. This downturn has had a significant impact on Strategy (previously MicroStrategy) the public company that holds the largest BTC reserves, currently boasting over 650,000 coins. Strategy T-Rex ETFs Plummet Nearly 85% NewsBTC reported that the company’s CEO, Phong Le, suggested the possibility of selling some of their Bitcoin holdings in light of the current market conditions.  Alongside this, the company’s leveraged exchange-traded funds (ETFs) have also faced substantial losses, intensifying worries about Strategy’s financial health. Reuters highlighted that Strategy’s leveraged ETFs, which are designed to magnify returns on the firm’s stock, have been among the largest casualties of this year’s cryptocurrency slump.  Related Reading: You Won’t Believe How Much Bitcoin Companies Now Hold, What % Of Supply Do They Control? Two specific ETFs, the T-Rex 2X Long MSTR Daily Target ETF and the Defiance Daily Target 2x Long MSTR ETF, have seen dramatic declines, losing nearly 85% of their value this year.  Additionally, the T-Rex 2X Inverse MSTR Daily Target ETF has dropped by 48% in the same time frame. In this environment, shares of Strategy, MSTR, have fallen more than 40% this year, driven primarily by Bitcoin’s price crash.  Investor attention is now focused on Strategy’s “mNAV” (market net asset value) metric, which compares the company’s enterprise value to its Bitcoin holdings.  Following Le’s comments, where he mentioned the firm might consider selling cryptocurrencies if the mNAV drops below 1, concerns grew about the firm’s long-term outlook. Current estimates place this ratio around 1.1, according to calculations by Reuters. Analysts Remain Optimistic Mike O’Rourke, the chief market strategist at JonesTrading, noted that Le’s remarks diminish the company’s message of steadfastness in holding Bitcoin, even amid market volatility.  The company has also revised its full-year outlook, warning of a potential profit ranging from $6.3 billion to a loss of $5.5 billion, a stark adjustment from its earlier forecast of $24 billion in net profit. This prior estimate, made on October 30, anticipated Bitcoin reaching $150,000 by year-end. Commenting on the shifting strategies within the firm, Vincenzo Vedda, chief investment officer at DWS, remarked, “Great strategy from Strategy, while prices go up. When they go down, well, the strategic options left to the company are limited.” Related Reading: Here’s What To Expect If The XRP Price Holds $2 Since entering the Nasdaq 100 index, Strategy’s shares have dropped more than 70% from their peak in November 2024, more than halving in value over the year.  Despite this dismal performance, analyst sentiments remain relatively optimistic; of the 16 brokerages monitoring Strategy, 10 recommend it as a “buy” while four suggest a “strong buy,” with an overall median price target of $485, reflecting a potential 183% increase over the next year based on LSEG data. When writing, the market’s leading cryptocurrency, Bitcoin, managed to recover the $92,000 line. Featured image from DALL-E, chart from TradingView.com 

In a turbulent market marked by falling prices, Bitcoin (BTC) has once again dipped below the $85,000 threshold, driven by growing speculation that Strategy, formerly known as MicroStrategy, may be on the verge of selling some of its Bitcoin holdings.  This intensified after a recent interview on the What Bitcoin Did podcast, during which Strategy CEO Phong Le was directly asked whether the company would consider parting with any of its BTC holdings.  While the firm’s former CEO, Michael Saylor, has consistently maintained a resolute stance against selling, Le’s comments have raised concerns about potential sales in the future. Is A Bitcoin Sell-Off Imminent?  Le indicated that if Strategy’s stock trades below the actual value of its Bitcoin holdings and the company is unable to raise additional capital for preferred dividends, selling some Bitcoin could become a necessity.  “If the stock trades below the value of our Bitcoin… then mathematically we would have to sell some Bitcoin. It would be the last resort,” he explained.  While this does not confirm an imminent sale, it visibly places the option on the table, leading to increased speculation about a forced sale as preferred dividend payments approach due on December 31. Related Reading: Here’s Why The Bitcoin Price Is Crashing Today Adding to the unease, Strategy disclosed in a recent filing with the US Securities and Exchange Commission (SEC) that it has established a USD Reserve of $1.44 billion to cover these upcoming preferred dividends and mitigate the interest on its substantial debt.  This reserve was funded through the proceeds from sales of its class A common stock under the company’s at-the-market offering program. Such moves have diluted current shareholders and contributed to a nearly 11% drop in Strategy’s stock price. Strategy Downgrades BTC Price Forecast This shift contrasts sharply with the company’s previous forecasts, which predicted that Bitcoin would soar to $150,000 by the end of the year. Strategy has now revised its expectations, projecting prices to range between $85,000 and $110,000.  The forecast for BTC yields has also been revised down to 24% from a previous estimate of 30%, along with projected Bitcoin gains decreasing significantly from $20 billion to $10.6 billion at the midpoint. Related Reading: $300 Million Crypto Bet: Kazakhstan’s Central Bank Gears Up As Bitcoin’s value continues to plummet, it further unravels Strategy’s financial outlook. Nevertheless, social media experts have pointed to a paradox within the company’s messaging.  AlejandroXBT noted that while Saylor has consistently stated he will never sell Bitcoin, he has been conducting private presentations to clients outlining various strategic approaches, suggesting a potential disconnect between public declarations and private planning. When writing, the market’s leading cryptocurrency trades at $84,880, recording major losses of over 7% in the 24-hour time frame.  Featured image from DALL-E, chart from TradingView.com 

Strategy, formerly known as MicroStrategy, the largest public holder of Bitcoin (BTC), finds itself at the center of a stormy controversy involving JPMorgan as Bitcoin prices continue to struggle.  With signs of a potential bear market emerging, fresh rumors suggest that one of the world’s largest banks allegedly holds a significant short position on Strategy’s stock (MSTR), which has plunged 69% from its record high of $543 per share last year. Strategy Faces Potential MSCI Exclusion The turmoil escalated last week when JPMorgan issued a warning that Strategy might soon be removed from major equity indices, specifically the MSCI USA Index.  JPMorgan’s analysts noted that the issues facing Strategy extend beyond the recent downturn in cryptocurrency prices, which have seen Bitcoin fall more than 30% from its all-time highs.  As of this writing, Bitcoin is trading around $86,000, while the broader crypto market has experienced a staggering $1 trillion decline in total market capitalization over the past month. Related Reading: Why XRP Price Crash Below $2 Is Not A Problem – $20 Is Still The Target JPMorgan’s analysts indicated that MSCI is considering whether companies with over 50% of their total assets in digital currencies should qualify for inclusion in traditional equity indices. Given that Strategy’s balance sheet is heavily weighted with Bitcoin, it is at significant risk of exclusion.  The analysts stated that “MicroStrategy [is] at risk of exclusion from major equity indices as the January 15th MSCI decision approaches.” They speculated that removal from the MSCI could trigger approximately $2.8 billion in outflows, and if other index providers follow MSCI’s lead, the total could reach as high as $8.8 billion. The situation is complicated by market dynamics, particularly the timing of JPMorgan’s bearish note, which coincided with Bitcoin’s weakness and MSTR’s decline, all while liquidity was thin and overall sentiment fragile.  JPMorgan Faces Account Closures Surge According to analysts at the Bull Theory, JPMorgan has been noted for timing its market reports—bearing down when prices are already weak and striking a more bullish tone near market peaks.  The analysts have highlighted that share lending for MSTR has reportedly increased, allowing brokers to lend shares to short sellers, which can exacerbate downward pressure on the stock price.  Additionally, there are escalating reports of widespread account closures at JPMorgan, with thousands claiming to have exited due to perceived manipulation of both MSTR and Bitcoin.  Related Reading: A Quiet Move In Bitcoin Options Is Starting To Raise Big Questions Amid these developments, the fear of a potential short squeeze is growing. The analysts believe that if Strategy’s stock were to rally around 40% to 50%, it could trigger a short squeeze in the bank’s position and spell major financial troubles.  In response, Michael Saylor, the CEO of Strategy, has sought to clarify the company’s identity, emphasizing that it is not just a passive Bitcoin holder. He pointed out that Strategy operates as a software business with an active financial strategy, countering the narrative circulating around MSCI’s concerns. As the situation unfolds, several key points emerge. The October 10th crash appeared to align with the MSCI announcement, coinciding with an already fragile market state. JP Morgan’s strategic timing of its bearish insights has amplified existing fears, creating further uncertainty as MSCI’s final decision looms. Featured image from DALL-E, chart from TradingView.com

Michael Saylor’s Strategy, formerly known as MicroStrategy, has found itself significantly exposed to the ongoing downturn in the cryptocurrency market, which has seen more than $1 trillion in total market capitalization wiped out over the past month.  As the largest public holder of Bitcoin, with over 650,000 coins, the company is now facing the real threat of being removed from major benchmark indices, which have been crucial for its visibility in mainstream portfolios. Analysts Predict Major Impact On Strategy  According to a recent Bloomberg report, analysts at JPMorgan Chase have issued a warning that Saylor’s firm may lose its standing in key indices such as MSCI USA and the Nasdaq 100.  Related Reading: CEO Cuts Cardano Founder’s Bitcoin Price Forecast, Warns Bear Market Just Starting The analysts assert that this could result in passive outflows estimated between $2.8 billion and $8.8 billion if MSCI proceeds with a decision expected by January 15. Passive funds connected to the company currently account for nearly $9 billion in market exposure, making any index exclusion a substantial blow. Strategy’s business model has relied on a cyclical strategy of selling stock to buy Bitcoin, capitalizing on price rallies, and repeating this process. At its zenith, Saylor’s company’s market capitalization far exceeded the value of its Bitcoin holdings. However, that premium has evaporated, and the company’s valuation now aligns closely with its crypto reserves—a stark indication that investor confidence is fading rapidly. “While active managers are not bound to adhere to index changes, exclusion from major indices would undoubtedly be viewed negatively by market participants,” noted JPMorgan analysts, led by Nikolaos Panigirtzoglou. Such a shift could affect liquidity, increase funding costs, and diminish overall investor appeal. MSCI Contemplates New Index Inclusion Rules In its ongoing consultations with stakeholders, MSCI indicated that some market players believe digital asset treasury firms (DATs) may function more like investment funds, which are ineligible for index inclusion.  In accordance with these perspectives, MSCI has proposed excluding companies whose holdings in digital assets constitute 50% or more of their total assets from its global investment market indexes.  Related Reading: BlackRock’s Bitcoin ETF Bleeds Over $500 Million In Its Biggest One-Day Outflow Since peaking last November, Saylor’s firm has seen its shares (MSTR) decline by over 60%, causing a collapse in the premium that once attracted momentum and crypto-focused investors.  Despite this slump, Saylor’s company remains up over 1,300% since he first began purchasing Bitcoin in August 2020, outperforming major equity indices throughout this period. The selloff has extended its reach into the company’s newer funding structures, as well. The prices of its perpetual preferred shares—an essential part of Saylor’s recent strategies—have seen sharp declines.  Additionally, yields on securities issued in March have risen to 11.5%, up from a previous 10.5%. A recent euro-denominated preferred stock offering has already dropped below its discounted offering price in under two weeks. Michael Youngworth, head of global convertible bond strategy at Bank of America Global Research, remarked, “That premium has collapsed in recent weeks,” adding that the present situation makes capital raising increasingly challenging.  Feature image from DALL-E, chart from TradingView.com

Strategy, the largest Bitcoin (BTC) treasury company formerly known as MicroStrategy, has reinforced its vision to accumulate Bitcoin by acquiring nearly $450 million worth of the market’s leading cryptocurrency.  This move comes as the firm’s co-founder, Michael Saylor, remains optimistic about the digital asset’s long-term potential, even in the face of recent price corrections that have seen Bitcoin dip over 10% below its all-time highs. Strategy Continues Bitcoin Buying Spree In a recent update shared on X (formerly Twitter), Saylor revealed that Strategy acquired 6,048 Bitcoin for a total price of $449.3 million between August 26 and September 1, 2025.  This latest purchase adds to the firm’s substantial holdings, which now total 636,505 BTC, acquired at an average cost of approximately $73,765 per Bitcoin, amounting to an investment of around $46.95 billion. Related Reading: Dogecoin Bull Run Could Start On September 13, Analyst Predicts Saylor also highlighted that Strategy has achieved a Bitcoin yield of 25.7% year-to-date (YTD). Additionally, the firm provided updates on its at-the-market offering programs, which included the sale of various preferred shares and common stock, generating significant net proceeds.  This includes 199,509 shares of 8.00% Series A Perpetual Strike preferred stock for $19 million, 237,931 shares of 10.00% Series A Perpetual Strife preferred stock for $26.5 million, and 1,237,000 shares of MSTR for $425.3 million. The aggressive investment strategy employed by Saylor’s firm has inspired other public companies to explore similar avenues. Strategy has been a trailblazer in this space, being one of the first publicly traded companies to adopt Bitcoin as a primary treasury asset.  This growing trend is bolstered by favorable regulations and initiatives stemming from President Donald Trump’s administration, which have facilitated broader adoption of these assets, including altcoins like Ethereum (ETH), Binance Coin (BNB) and XRP.  Metaplanet Becomes Seventh-Largest BTC Holder A notable example of this investment shift by public companies is Metaplanet, often referred to as “Japan’s MicroStrategy.” The company has approved a plan to sell up to 550 million new shares overseas, aiming to raise approximately 130.3 billion yen ($884.41 million) to finance additional Bitcoin purchases.  Once a hotel operator, Metaplanet has pivoted to focus on cryptocurrencies, inspired by Saylor’s approach. Founder and CEO Simon Gerovich liquidated most of the company’s hotel assets, which had been struggling due to the COVID-19 pandemic, redirecting those funds into Bitcoin starting in April 2024. Related Reading: Is XRP A Meme Coin? Analyst Reveals How Whales Are Playing The Game Metaplanet’s strategy has proven effective, as it has become the seventh-largest holder of Bitcoin among public treasuries globally, according to BitcoinTreasuries.net data. The company recently announced on Monday the addition of 1,009 BTC to its total, bringing its holdings to 20,000. Its stock, MTPLF, has experienced a surge of about 740% YTD, currently valued at $5.82 per share.  Strategy’s stock, under the ticker symbol MSTR, is trading at $343 as of this writing, up 2.5% from Monday’s price. Meanwhile, Bitcoin trades at $111,630, up 2% in the last 24 hours. Featured image from DALL-E, chart from TradingView.com 

Strategy (previously MicroStrategy), the software firm co-founded by Bitcoin (BTC)  bull Michael Saylor has seen its stock, MSTR, take a considerable hit plummeting by nearly 20% since last month, in line with the broader market correction.  This downward trend is expected to persist, according to Gus Galá, an analyst at Monness, Crespi, Hardt, who recently reiterated a Sell rating on the stock with a price target set at $175. Analyst Cautions Against Long Positions In Strategy On Thursday, shares of Strategy fell an additional 2.4%, closing at $336.48. The company has attracted considerable attention for becoming the largest corporate holder of Bitcoin, with its Bitcoin treasury surpassing the 600,000 figure.  Related Reading: Analyst Sounds The Alarm—Bitcoin Could Slide Toward $88K Despite the recent selloff, Strategy’s stock has seen major growth, climbing over 140% in the past year, primarily due to Bitcoin reaching new highs beyond $120,000. However, Galá warns that the volatility associated with Bitcoin poses significant risks.  He argues that companies with large Bitcoin treasuries are indicative of a later stage in the Bitcoin market cycle. For Strategy’s stock to defy this trend, Bitcoin would need to break free from its historical pattern of boom-and-bust cycles and sustain a prolonged bull run. Historically, there have been times when Strategy’s market capitalization exceeded its actual Bitcoin holdings by more than double. Currently, with a market cap-to-Bitcoin ratio of 1.34-to-1, Galá suggests that while investors shouldn’t increase short positions, they should also refrain from taking long positions. He believes that the market cap multiple is likely to decline, driven in part by skepticism in the credit markets regarding the debt Strategy has issued to finance its Bitcoin acquisitions. Crypto Stocks Suffer Setbacks Galá also expressed doubt that credit rating agencies will be inclined to assign investment-grade ratings to Strategy’s treasury strategy, especially in the near term. This skepticism stems from the fact that the company’s profits are largely unrealized gains from its Bitcoin holdings.  Securing an investment-grade rating could potentially allow Strategy to issue and repay its debt under more favorable terms, but this would require Bitcoin to be perceived as a more stable digital asset, akin to gold. Related Reading: XRP On-Chain Activity Explodes By 500%, What’s Going On? After reaching a new record price just above $124,000, the market’s leading cryptocurrency has seen its valuation drop 9% from all-time high levels currently attempting to consolidate between $112,000 and $113,000.  Beyond Strategy, crypto stocks have also seen their valuations drop. On Thursday, shares of USDC issuer Circle (CRLC) dropped 4% after the initial excitement following the firm’s initial public offering (IPO). US-based cryptocurrency exchange Coinbase (COIN) saw its shares drop toward the key $300 support, meaning a 2.5% decline compared to Wednesday’s trading session.  Featured image from DALL-E, chart from TradingView.com 

Michael Saylor, chairman of the largest public Bitcoin treasury company, Strategy (formerly MicroStrategy), is embarking on what could be his most daring financial venture yet: the introduction of perpetual preferred stock as a new funding mechanism.  This new approach seeks to move away from traditional methods like common stock sales and convertible bonds, which have already helped Strategy amass $75 billion in Bitcoin assets.  Saylor’s Bitcoin Credit Model The perpetual preferred stock, branded “Stretch,” offers a unique financial structure—these securities do not mature and can even defer dividend payments, providing flexibility for the issuer while potentially unsettling investors. Related Reading: Ethereum Faces The Level That Decides Everything: Analyst The Stretch offering features variable-rate dividends and lacks voting rights, positioning it as neither conventional debt nor typical equity. Saylor believes this could provide the company with the necessary capital to continue acquiring Bitcoin.  According to Bloomberg, over the next four years, he plans to retire billions in convertible notes, reduce common stock sales, and rely more heavily on preferred offerings as his primary funding source. This ambitious plan aims to establish a “BTC Credit Model,” where Bitcoin underpins a new stream of income. Saylor envisions the potential to raise “$100 billion… even $200 billion” if demand for these securities is strong.  High-Yield Risks So far this year, Strategy has raised approximately $6 billion through four perpetual preferred offerings, with the latest $2.5 billion tranche being one of the largest capital raises in the crypto space this year. As Michael Youngworth from Bank of America noted, this retail-driven approach is unique in the corporate preferred market, which is typically dominated by investment-grade institutions. However, there are concerns about the sustainability of this model. The perpetual preferreds require ongoing, substantial dividend payments, which could be a challenge given that Bitcoin itself does not generate income.  Saylor’s push for perpetual preferreds is also a strategic response to the limitations of the convertible market, which tends to exclude retail investors.  Related Reading: Analyst Says XRP Price Could Explode 44,000% To Cross $1,000 Strategy’s CEO, Phong Le, has framed this shift as a way to create a more resilient capital structure, particularly in light of the challenges faced during the 2022 “crypto winter.” Despite the potential advantages, the high yields associated with perpetual preferreds—often between 8% and 10%—could become burdensome, especially in a market downturn, according to experts.  Critics like short-seller Jim Chanos have labeled these instruments as “crazy” for institutions to buy, given their non-cumulative nature and the issuer’s discretion over dividend payments. When writing, Bitcoin trades at $117,260, retracing over 5% from the recently achieved $124,400 all-time high earlier in the week. Year-to-date, the market’s leading crypto is up 101%. Featured image from DALL-E, chart from TradingView.com

Despite the recent Bitcoin (BTC) price correction after a significant rally that propelled the cryptocurrency to a record high of $123,000, some analysts remain optimistic about the potential for a renewed bull run. However, one expert has raised a concerning warning that could signal the end of this bullish cycle. Fears Of Mass Sell-Off According to market expert OxArtikal’s thesis shared on social media platform X (formerly Twitter), Michael Saylor’s Strategy (previously MicroStrategy), the largest corporate holder of Bitcoin, is reportedly planning to sell all of its Bitcoin holdings by 2025.  This revelation comes amid movements of their substantial Bitcoin reserves to different wallets, raising alarms about the potential implications for the market. Related Reading: XRP Soars 35% in a Month: Will Ripple’s Legal Win and Whale Activity Send Price to New Highs? Strategy currently controls over 628,000 BTC, representing more than 3% of Bitcoin’s total circulating supply. For context, the collapse of FTX, which held approximately 20,000 BTC, triggered a significant downturn in the market.  The expert believes that the potential sale of Strategy’s Bitcoin holdings could have a dramatically larger impact, estimated to be 30 times more severe. Notably, Saylor has long maintained that Strategy would never sell its Bitcoin. However, the expert identified that in late June, the company quietly transferred 7,382 BTC—valued at nearly $800 million—out of its wallets and into three new wallets with no prior transaction history.  This Bitcoin was subsequently sent to Coinbase Prime, a sell-side custodian, without any public announcement or clarification during the company’s Q2 earnings report.  If Strategy were to liquidate even a small portion of its holdings, the psychological ramifications could be profound, OxArtikal further stated. He shared that this could lead to a mass sell-off, while institutional investors could reconsider their BTC allocations.  Bitcoin Could Crash Below $70,000  Historically, Strategy’s actions have coincided with significant market shifts. In 2022, the company transferred 34,000 BTC to secure a loan, shortly before a major market crash. Now, as they appear to be moving substantial amounts of Bitcoin again, the expert fears that a similar scenario could unfold.  OxArtikal asserts that sell-off by Strategy could potentially drive the price below $70,000 within days, undermining the retail comeback and deterring new investors who view Bitcoin as a long-term safe haven. Related Reading: Bitcoin Stuck In Macro Purgatory—Top Analyst Says Q4 Or Bust While it is not confirmed that Saylor will sell his holdings, the signs are troubling: the recent wallet movements, the involvement of Coinbase Prime, and a lack of transparency during earnings calls all point to a potential shift in strategy.  If Strategy were to exit the Bitcoin market, the expert claims that it wouldn’t merely result in a correction; it could trigger a market-wide reset, erasing years of built-up trust and confidence in Bitcoin as “digital gold.” Featured image from DALL-E, chart from TradingView.com 

Michael Saylor’s enterprise software company, Strategy (previously MicroStrategy), has made headlines once again with a substantial Bitcoin (BTC) acquisition, pushing its total holdings beyond 600,000 coins.  The company purchased an impressive $2.46 billion worth of Bitcoin over the past week, marking its third-largest purchase by dollar amount since it began acquiring the digital asset five years ago. Bitcoin Acquisition At Record Prices Between July 28 and August 3, Strategy added 21,021 Bitcoin to its holdings, bringing its total to 628,791 tokens. At current market prices, the firm’s portfolio is valued at over $71 billion.  Saylor has adeptly transformed his company from a traditional software provider into the leading corporate buyer of Bitcoin, utilizing innovative financial strategies to fuel these purchases. Related Reading: Top Analyst Says Bitcoin Is Trapped: ‘Nothing To Do Until October’ The latest acquisition was made at an average price of $117,526 per token, which is the second-highest price the company has ever paid, just shy of the $118,940 average from the previous month.  Strategy is the largest corporate Bitcoin holder, according to data from BitcoinTreasuries.net. BTC mining company MARA Holdings is second with 50,000 coins, which highlights Saylor’s firm’s purchasing power. Notably, this position has not only solidified Saylor’s influence in the crypto space but has also inspired other public companies to adopt similar treasury strategies aimed at accumulating and holding digital currencies. These include Trump’s social media company, boosted by a new regulatory regime and legislation in the US aimed at positioning the country as the crypto capital of the world, a mission that President Donald Trump has advocated since his election campaign last year. Saylor’s Strategy Pledges To Protect Shareholder Value To fund these massive purchases, Bitcoin bull Michael Saylor has employed a mix of common and preferred share sales alongside debt instruments. Recently, the company launched its latest preferred stock offering, dubbed “Stretch,” in late July.  In its second-quarter report, Strategy announced an unrealized gain of $14 billion, primarily driven by the recent rebound in Bitcoin prices and a new accounting requirement that necessitated the revaluation of its Bitcoin holdings. Saylor has also made a commitment to investors, stating that he will refrain from issuing new common shares at less than 2.5 times the company’s net asset value, except for covering debt interest or preferred dividends.  Related Reading: Analyst Warns XRP Investors Not To Let Fear Dictate Moves As Long As Price Holds This Level This pledge comes in light of concerns raised by critics like Jim Chanos, who have expressed apprehension about the premium that Strategy’s Bitcoin holdings place on its share price and the numerous securities offerings the company has executed. Since its initial foray into Bitcoin, Strategy’s stock, MSTR, has skyrocketed over 3,000%, significantly outperforming Bitcoin itself and major stock indices such as the S&P 500 and Nasdaq 100.  The company’s largest purchases occurred in November, totaling $5.4 billion and $4.6 billion, respectively, demonstrating Saylor’s aggressive strategy in the cryptocurrency market. However, on Monday, the firm did not disclose any further purchases, as it has commonly done over the past few months. Perhaps it is starting to reassess its direction with biweekly acquisitions. It remains to be seen what the firm’s next moves will be, as there have been no further official comments on the matter. Featured image from DALL-E, chart from TradingView.com 

Strategy (previously MicroStrategy) announced its first profit in six quarters, buoyed by a notable surge in cryptocurrency values during the latest quarter that saw the market’s largest cryptocurrencies,, including Bitcoin (BTC), recover from previous price corrections.  This development comes as the crypto firm, the largest corporate holder of Bitcoin, capitalizes on a favorable market environment that saw Bitcoin reached a new all-time high past $123,000 for the first time, following the signing of the GENIUS Act into law by US President Donald Trump earlier this month. Strategy Reports $14 Billion Gain As of June 30, Strategy held an impressive 597,325 BTC, purchased at an average price of $70,982 per coin. With Bitcoin currently trading in a consolidation between $114,000 and $120,000, the company recorded a staggering $14 billion unrealized fair value gain on its digital assets.  Related Reading: Trump-Appointed Group Calls For Easier Crypto Regulations From Federal Authorities This marked a stark contrast to the previous year, when the company co-founded by Bitcoin bull Michael Saylor, faced a loss of $102.6 million, or 57 cents per share.  For the three months ending June 30, Strategy posted a net profit of $9.97 billion, or $32.60 per share as the company has increasingly ramped up its acquisition efforts through new initiatives this year. ‘Hyper-Growth Phase’ For Bitcoin Historically, the company faced restrictions on recognizing gains from Bitcoin unless it sold the assets; it could only account for losses if the cryptocurrency’s value fell below its purchase price. However, this recent profit signals a shift in its financial strategy, reflecting broader corporate acceptance of cryptocurrencies.  Strategy began its Bitcoin accumulation in 2020, initially using cash and later financing its purchases through low-cost convertible bonds and stock sales. The firm is now ranked first among the top 100 public Bitcoin treasury companies. Following it are the mining firm MARA Holdings, XXI, the Bitcoin Standard Treasury Company, and Riot Platforms. Related Reading: Chainlink Acknowledged By The White House As Key Player In Crypto Infrastructure The company’s stock, MSTR, has surged nearly 39% this year, outpacing Bitcoin’s own 25% increase. This momentum has inspired other public companies to adopt similar strategies, emulating the buy-and-hold treasury approach championed by Strategy’s co-founder Michael Saylor.  On a recent post-earnings call by the company, Saylor remarked that the digital asset industry is entering a “hyper-growth, hyper-adoption phase” for Bitcoin as a treasury reserve asset. Moreover, several companies are now diversifying their crypto holdings, exploring other tokens like Ethereum (ETH) and utilizing mergers with blank-check companies to integrate crypto assets into their equity structures.  Strategy’s stock, which saw a nearly fivefold increase last year, even earned it a place in the Nasdaq 100 index in December. When writing, the market’s leading crypto trades at $115,780, meaning a 6% gap between current prices and its record high.  Featured image from DALL-E, chart from TradingView.com

Strategy (MSTR) — recognized as the world’s largest Bitcoin (BTC) treasury company — has made headlines with the successful closing of its initial public offering (IPO) of 28,011,111 shares of variable rate series A perpetual stretch preferred stock. Priced at $90 per share, this offering stands out as the largest US IPO of 2025 and one of the most significant crypto-related offerings in recent years, to which STRC is projected to commence trading on the Nasdaq Global Select Market around July 30, 2025. Strategy Set To Boost Bitcoin Holdings  According to the official announcement issued on Tuesday, the IPO generated gross proceeds of approximately $2.521 billion, with net proceeds estimated at around $2.474 billion after accounting for underwriting discounts and offering expenses.  Related Reading: Ethereum Price To $20,000? ETH Is Mirroring Bitcoin’s Move From 2021 Strategy plans to utilize these funds to acquire 21,021 BTC at an average price of $117,256 each. This acquisition will increase the company’s total Bitcoin holdings to approximately 628,791 Bitcoin, amassed at an aggregate cost of about $46.8 billion, translating to an average purchase price of $73,227 per bitcoin, inclusive of related fees and expenses. These strategic moves have led analysts to anticipate a notable rebound for Strategy’s stock. As reported by NewsBTC, amid a positive shift in Wall Street’s outlook, they are projecting an 84% reduction in the company’s loss per share year-over-year for the second quarter.  Analysts expect Strategy to achieve profitability of $7.30 per share this year, marking a remarkable 209% increase compared to the previous year. MSTR Price Target Raised The bullish sentiment surrounding Strategy stock has intensified, particularly following a price upgrade from TD Cowen. Several analysts have revised their price targets upward, reflecting heightened confidence in the company’s strategic trajectory.  Barclays analyst Ramsey El-Assal has adjusted his price target for MSTR from $421 to $475, maintaining an “Overweight” rating that underscores his belief in the company’s initiatives.  Cantor Fitzgerald analyst Brett Knoblauch slightly lowered his price target from $619 to $614 but retained an “Overweight” rating, expressing faith in Strategy’s ability to maintain its premium net asset value while continuing to expand its Bitcoin holdings. Related Reading: XRP Dormant Coins On The Move: Reason Behind Price Plunge? Analysts at H.C. Wainwright also raised their price target from $480 to $521 for MSTR, citing the company’s revised guidance for 2025 and its ambitious capital-raising plans.  The report further notes that out of 13 analysts covering the stock, 11 recommend a “Strong Buy,” one suggests a “Moderate Buy,” and another has issued a “Strong Sell” rating. The consensus price target currently stands at $543.62, while TD Cowen’s highest target reaches $680. As of this writing, MSTR closed the trading session dropping 9% to its current valuation of $398 per share. Bitcoin, on the other hand, consolidates just 4% below its all-time high at $117,250. Featured image from DALL-E, chart from TradingView.com 

Strategy (previously MicroStrategy), the world’s largest corporate holder of Bitcoin (BTC), announced on Monday that it had acquired an additional 6,220 BTC during the week spanning July 14 to July 20.  This latest purchase brings the company’s total Bitcoin holdings to an impressive 607,770 tokens, acquired at an aggregate cost of approximately $43.61 billion, averaging $71,756 per Bitcoin. Strategy Stock Slumps Despite GENIUS Act Approval This announcement coincided with a breakthrough in the regulatory landscape for cryptocurrencies, as the GENIUS Act successfully cleared the House and received final approval from President Donald Trump on Friday.  The new stablecoin legislation establishes federal guidelines for stablecoins. The passage of the GENIUS Act has provided a boost to cryptocurrency exchanges like Coinbase Global (COIN) and Robinhood Markets (HOOD), which saw their stock prices rise by 2.2% and 4.1%, respectively, following the news. Related Reading: Dogecoin Price Breaks Above $0.26 In Weekend Rally As Pundit Predicts 2,600% Surge Despite the favorable regulatory environment, Strategy’s stock did not experience a similar surge. Instead, it fell by 7.2% over the course of Thursday and Friday, marking the company’s worst two-day performance since late May.  This decline mirrored the overall dip in Bitcoin prices, which had recently retreated toward the $117,000 zone from record highs above $123,000 earlier in the past week. Saylor Defends Bitcoin Strategy Reports note that the stock’s performance may have been impacted by a bearish research note from Gus Gala, an analyst at Monness, Crespi, Hardt, who reiterated a Sell rating on Strategy shares with a target price of $200.  Notably, Gala is the only analyst among 17 surveyed by FactSet to rate the Strategy’s stock as a Sell, which could contribute to investor caution. Amid these fluctuations, Strategy’s Chairman Michael Saylor remains a vocal advocate for the company’s Bitcoin strategy. In a recent post on social media site X (formerly Twitter), he encouraged followers to “Stay Humble. Stack Sats,” referring to Satoshis, the smallest unit of Bitcoin, emphasizing a long-term commitment to accumulating the cryptocurrency. Related Reading: Hold On For Dear Life: This Bullish Bitcoin Metric Just Touched A 15-Year High As the market continues to adapt to shifting regulations, crypto supporters are eagerly awaiting the next legislative development: the CLARITY Act.  This bill, which passed the House with a vote of 294-134, aims to create a clearer regulatory framework for digital assets by distinguishing between securities and commodities and delineating oversight responsibilities among various federal agencies. When writing, the market’s leading cryptocurrency trades at $117,500, recording a 14% price surge in the monthly time frame, and nearly 74% year-to-date. With the recent price correction, the Bitcoin price is now 4% below its current all-time high achieved during last week’s rally.  Featured image from DALL-E, chart from TradingView.com

Strategy (previously MicroStrategy), the Bitcoin proxy firm co-founded by Bitcoin bull Michael Saylor, has made headlines once again on Monday, but not for its usual Bitcoin acquisitions, but for its notable absence of purchases during the week of June 30 to July 6.  This marks the first time since late March that the largest corporate holder of BTC has not added to its impressive treasury, which currently stands at 597,325 Bitcoin, valued at approximately $64.71 billion. Strategy Bitcoin Investment Hits A Pause The lack of activity in Bitcoin acquisitions is surprising, especially given Strategy’s aggressive purchases over the past few months. These purchases have brought the company close to holding nearly 3% of the cryptocurrency’s total supply. From April 7 through June 29, the company invested $6.77 billion in acquiring 69,140 BTC, averaging about $97,906 per coin. At current market prices, these investments have appreciated by 10.4%, now worth around $7.49 billion. Related Reading: XRP Could Hit $35 If It Captures A Quarter Of Remittance Market By 2029 In terms of trading, Strategy’s stock (trading on the Nasdaq under the ticker symbol MSTR) saw a slight decline of 0.7% during morning trading hours, which is in line with the 0.8% drop in Bitcoin prices. As of this writing, MSTR closed the day at $395. This highlights the close relationship between the company’s performance and the volatility of the cryptocurrency market. However, the company’s stock has enjoyed a rise of 38.5% in 2025, outpacing BTC’s 16.1% increase and the S&P 500’s modest gain of 6.1%. Up To $4.2 Billion For Future BTC Investments In addition to this pause in BTC purchases, Strategy did not issue any new common or preferred shares during the specified week. However, the company announced a sales agreement to potentially issue and sell up to $4.2 billion in 10% preferred stock.  According to Monday’s press release on the matter by the Bitcoin proxy firm, the proceeds from this sales agreement are earmarked for general corporate purposes, which include future BTC acquisitions and working capital needs. Related Reading: Bitcoin To Repeat Parabolic Phase From 2017 And 2021? Here’s The Target The new preferred stock, known as Series A Perpetual Stride Preferred Stock, will be sold in a “disciplined manner,” taking market conditions into account, highlighting the firm’s ongoing commitment to leveraging its financial strategies to enhance its BTC holdings, even as it temporarily steps back from direct purchases. At the time of writing, BTC is trading at $107,855, marking a 1.5% decline within the last 24 hours, increasing the gap between the current price and its record by 3.5%. This follows a failed attempt last week to overcome the cryptocurrency’s most significant resistance level of $110,000 and establish a new all-time high above its current record of $111,800. Featured image from DALL-E, chart from TradingView.com 

Strategy, formerly known as MicroStrategy, is on track to report an impressive $14 billion in unrealized gains from its extensive Bitcoin accumulation strategy.  Co-founded by Michael Saylor, the company has successfully transformed itself from a struggling enterprise software provider into a leading leveraged Bitcoin proxy, drawing comparisons to major corporate powerhouses such as Amazon and JPMorgan Chase. Strategy Set To Post Record Profits According to a recent Bloomberg report, Strategy’s anticipated profits stem largely from the rebound in Bitcoin prices and recent changes in accounting practices that allow the firm to value its substantial cryptocurrency holdings at market rates.  Analysts project that while Strategy’s software business may only generate approximately $112.8 million in revenue for the second quarter, the surge in Bitcoin prices has significantly bolstered its financial outlook. Related Reading: BitMine Stock Soars 700% After $250 Million Raise For Ethereum Treasury This potential record profit comes after a turbulent period for the company, which faced criticism from notable investors like Jim Chanos. Chanos has publicly derided Saylor’s valuation model, describing it as “financial gibberish,” while Saylor has countered that Chanos fails to grasp the intricacies of his approach.  Despite the skepticism, Mark Palmer, an analyst at Benchmark Capital, noted Saylor’s resilience, stating that he has consistently outperformed not only his critics but also the broader market. Since Saylor initiated his Bitcoin buying spree, Strategy’s stock has skyrocketed over 3,300%. In the same time frame, Bitcoin has appreciated approximately 1,000%, while the S&P 500 has advanced around 115%. The company’s shares saw a 40% increase in the second quarter, significantly outpacing the S&P’s 11% rise. $64 Billion Bitcoin Value The recent accounting change at Strategy, which took effect in the first quarter, allows the firm to recognize the market value of its Bitcoin holdings—currently valued at about $64 billion—resulting in substantial swings in reported earnings.  Previously, the company treated its Bitcoin similar to intangible assets, which limited their ability to recognize gains unless the assets were sold. This change has positioned Strategy to capture the full benefit of Bitcoin’s price fluctuations. Related Reading: Bitcoin Shopping Spree: Strategy Continues Accumulation With $530M Purchase At the start of the second quarter, Strategy held 528,185 BTC, valued at over $43.5 billion based on market prices. An increase in the value of Bitcoin of 30% during the quarter alone contributed more than $13 billion to the company’s unrealized gains. Cumulatively, weekly purchases have brought the company closer to holding 600,000 BTC. Despite the positive outlook, the company has faced legal challenges, including several class-action lawsuits claiming that executives misled shareholders regarding the first-quarter losses. In response, Strategy has pledged to vigorously defend against these accusations. As of press time, BTC trades at $106,100, down 5% from its current record high of $111,800 during May’s rally. Featured image from DALL-E, chart from TradingView.com 

Strategy (previously MicroStrategy), the leading corporate holder of Bitcoin (BTC), is on the verge of reaching a significant milestone as it approaches the acquisition of 600,000 tokens. In its latest move, the company purchased 4,980 Bitcoin between June 23 and June 29 for an average price of $106,801 each, totaling approximately $531.9 million. This latest purchase has brought the company’s total Bitcoin holdings to 597,325, acquired for around $42.4 billion. Strategy Shares Surge 4.7% Despite Bitcoin’s price remaining relatively stable at around $107,000 and $107,500 over the past 24 hours, Strategy’s shares, MSTR, increased by 4.7% to $402.07 on Monday, reflecting investor confidence in the company’s financial moves. The value of Strategy’s Bitcoin holdings now stands at roughly $64 billion. Related Reading: Wave 3 Ignites As XRP Breaks Structure—Analyst Says ‘Fireworks Ahead’ Funding for these latest acquisitions came through the sale of stock under various at-the-market offerings. Benchmark analyst Mark Palmer noted that the company’s Bitcoin yield, which measures the change in the ratio of its Bitcoin holdings to total shares outstanding, was 19.7% between January 1 and June 29. Strategy’s Chairman, Michael Saylor, who is often regarded as one of Bitcoin’s most vocal advocates, hinted at the recent purchase in a social media post over the weekend.  He stated, “In 21 years, you’ll wish you’d bought more,” alongside a chart illustrating the performance of Strategy’s Bitcoin portfolio since its initial investment in late 2020, which shows the aggressive purchases that have increased over the past year. Bitcoin Price Hovers Around $107,000 Interestingly, the company had made a smaller purchase of 245 Bitcoins between June 16 and June 22, considerably less than its usual massive acquisitions.  For context, Strategy had previously acquired 10,100 Bitcoins in just six days during the period from June 9 to June 15. This shows that while the company often makes large purchases, it can also vary its acquisition strategy based on market conditions. Over the past month, the market’s leading cryptocurrency has seen a notable volatility spike with prices failing to tackle its current record price of $111,800 reached during last month’s rally.  Related Reading: Solana Forms Bullish Flag On Daily Chart — Breakout Imminent? Since, Bitcoin has managed to endure subsequent price drops, with the most recent plunging BTC toward the $98,000 zone. However, the cryptocurrency has managed to record a 2.4% recovery on the weekly time frame, currently consolidating at $107,000.  Originally founded as an enterprise software firm, Strategy has transformed into a leveraged play on Bitcoin, allowing investors to gain exposure to cryptocurrency without directly owning it.  Since August 2020, the company has consistently increased its Bitcoin reserves by selling stock and debt. This has prompted criticism from analysts who believe this could be dangerous if the Bitcoin price drops below the firm’s average buying price. Featured image from DALL-E, chart from TradingView.com 

In a bold and alarming statement, on-chain analyst OxChain raised the possibility of a catastrophic collapse involving Strategy (formerly MicroStrategy), the Bitcoin proxy firm co-founded by Michael Saylor. According to OxChain, this potential downfall could surpass the infamous collapse of FTX. ‘Strategy’s Bitcoin Tactics Resemble Ponzi Scheme’ In a recent post on X (formerly Twitter), OxChain expressed concerns about Strategy’s aggressive Bitcoin accumulation formula, suggesting that the company’s operations resemble a Ponzi scheme.  OxChain pointed out that since 2020, MicroStrategy has transformed from a traditional software company into a significant player in the Bitcoin market, currently holding around 582,000 BTC, valued at nearly $61 billion.  Related Reading: Researchers Forecast Bitcoin At $4.3 Million By 2036, Citing Institutional Demand However, OxChain claims that this impressive figure is underpinned by leverage, debt, and shareholder dilution, rather than genuine conviction in the cryptocurrency. The analyst outlined Strategy’s approach as a “cyclical financial loop”: the firm raises capital through shares or bonds, purchases Bitcoin, announces these purchases to drive up stock prices, and then raises more funds.  The analyst asserts that this cycle has worked as long as Bitcoin’s price continues to rise. However, with plans for a new $1 billion share sale, OxChain believes that Strategy is increasing its risk exposure.  Analyst Predicts Major Liquidation Risk OxChain warns that Strategy’s average cost per Bitcoin is approximately $70,000, creating a precarious situation. The analyst adds that if Bitcoin’s price falls significantly below this level, the company’s treasury, currently valued at around $25 billion, could quickly start to suffer losses.  According to the analyst, despite Saylor’s public commitment to never sell Bitcoin, the realities of accounting and risk management may force the company to act if market conditions deteriorate. In the first quarter of 2025, Strategy disclosed $5.9 billion in unrealized Bitcoin losses, revealing the volatility of its assets. Under the new accounting standard ASC 350-60, the company is required to report fair value, eliminating the ability to hide behind book value.  This transparency has already led to legal repercussions, with shareholders filing a class action lawsuit alleging that Strategy concealed the risks associated with Bitcoin’s volatility while aggressively raising capital. OxChain further claimed during his social media thread that Strategy’s role as a Bitcoin access point is diminishing, especially as institutional capital flows into “more transparent and regulated options,” such as BlackRock’s iShares Bitcoin Trust (IBIT), which has amassed around $70 billion in assets under management.  The analyst stressed that unlike Strategy, which reportedly faces dilution risks and operates with limited safeguards, IBIT offers a “more stable investment” for those seeking exposure to Bitcoin. Related Reading: Altcoin Alert: Expert Reveals Hottest Opportunities For The Summer Season If Strategy were to falter, the implications would be far-reaching, OxChain added. The firm holds approximately 2.77% of Bitcoin’s total supply, and a significant liquidation could send shockwaves through the market. The analyst warns that a decline in Bitcoin’s price by just 22% from its average buy price could trigger corporate liquidations, potentially leading to one of the largest liquidation events in history. Ultimately, OxChain cautions that Strategy is neither a hero nor a villain in the crypto ecosystem; instead, he said that it represents a “risk vector heavily reliant on leverage and market sentiment.”  Featured image from DALL-E, chart from TradingView.com 

Strategy (previously MicroStrategy), the Bitcoin (BTC) proxy firm led by Michael Saylor, has made headlines again with its latest acquisition of the market’s leading cryptocurrency.  In a Monday filing with the US Securities and Exchange Commission (SEC), the company revealed that it purchased an additional 705 BTC between May 26 and June 1, bringing its total holdings to 580,955 coins. Strategy Continues Bitcoin Buying Spree This recent acquisition was made at an aggregate cost of $75.1 million, translating to approximately $106,495 per Bitcoin. Overall, Strategy’s Bitcoin investments now amount to around $40.68 billion, averaging about $70,023 for each token. Following the announcement, Strategy’s stock, MSTR, rose 0.9% to $372.72, while the broader market showed mixed results, with the S&P 500 and the tech-heavy Nasdaq Composite gaining 0.4% and 0.7%, respectively. Related Reading: $3 XRP Dream Delayed—No Bull Run Before November, Says Top Analyst Though the latest purchase is significant, it is not among the largest on record for the company, which has typically acquired thousands of Bitcoin in a single transaction. The smallest acquisition to date occurred in March, when MicroStrategy purchased just 130 tokens as the price of BTC remained below $85,000. Strategy’s recent buying spree comes amid ongoing macroeconomic uncertainties that have affected cryptocurrency prices. Despite Bitcoin reaching a new all-time high of $111,8000 last week, the cryptocurrency has retraced nearly 6% from its record.  Nevertheless, the company has consistently taken advantage of the cryptocurrency’s price dips, marking its eighth consecutive week of Bitcoin purchases, ignoring any price fluctuation. Arkham Tracks 97% Of Saylor’s Holdings In a social media update on Sunday, Saylor hinted at the impending announcement, and on Monday, he shared details about the latest acquisition, stating that Strategy has achieved a Bitcoin yield of 16.9% year-to-date as of June 1, 2025. However, according to blockchain analysis platform Arkham Intelligence, Strategy’s holdings may be even larger than reported, estimating them at nearly 625,000 BTC, valued at approximately $59.92 billion. This estimate includes 70,816 BTC identified by Arkham, which highlights the significant assets held by the company. Related Reading: Ethereum Poised For A 5-Figure Breakout – Volatility Is Shaking ‘Weak Hands’ Arkham noted that it has tracked 97% of Saylor’s Bitcoin holdings, emphasizing that this is the first public acknowledgment of such substantial assets. They clarified that 87.5% of Strategy’s reported holdings consist of Bitcoin, with a portion held in Fidelity Digital’s omnibus custody.  Previously, the firm identified about 107,000 BTC that were sent to Fidelity deposits, which are not listed under the Strategy entity due to Fidelity’s custody practices. In total, more than 327,000 BTC are held by Saylor’s Bitcoin proxy firm in segregated custody within the Strategy entity, further solidifying the company’s position as a significant player in the cryptocurrency market. Featured image from DALL-E, chart from TradingView.com 

Strategy, the Bitcoin (BTC) proxy firm formerly known as MicroStrategy and founded by Bitcoin bull Michael Saylor, has announced a significant new acquisition of the market’s leading cryptocurrency on Monday.  Strategy Capitalizes On Significant New BTC Acquisition In a recent filing with the U.S. Securities and Exchange Commission (SEC), the company revealed it purchased an additional 4,020 BTC for $427.1 million, translating to an average price of $106,237 per token. This acquisition comes on the heels of Bitcoin reaching a new record high close to $112,000 last week, driven by renewed inflows into Bitcoin exchange-traded funds (ETFs) and favorable regulatory developments under President Trump’s administration.  Related Reading: 2,700% XRP Rise? Analyst Predicts Monster Move Based On The Charts Saylor shared the news on social media platform X (formerly Twitter), noting that the latest purchase brings Strategy’s total Bitcoin holdings to approximately 580,250 BTC, acquired for a total investment of $40.6 billion, at an average price of $69,979 per token. As Strategy continues its aggressive Bitcoin accumulation strategy, the company is also planning to raise additional capital to further enhance its holdings.  $7.7 Billion Gain From Bitcoin Investments As reported by NewsBTC last Friday, Strategy announced the launch of a $2.1 billion At-The-Market (ATM) equity program for its preferred stock, Strife (STRF), deemed as a crucial step toward the firm’s long-term goal of establishing a strong Bitcoin-backed financial infrastructure. During an investor update, CEO Phong Lee, alongside Executive Chairman Saylor, highlighted the impressive year-to-date performance of the firm’s Bitcoin-linked securities, Strike (STRK) and Strife, as key factors driving this expansion.  Lee emphasized, “We’re currently at a 16.3% BTC yield for the year, against a 25% target,” indicating the firm’s ambitious goals. So far, Strategy has achieved a dollar gain of $7.7 billion from its Bitcoin investments and aims to reach a target of $15 billion. Related Reading: Solana Picture Bigger Than $420: Analyst Predicts 140% Surge To New ATHs The company had previously issued $212 million through Strike’s ATM program without encountering adverse pricing pressure. Given the high trading volume and strong investor demand, Lee expressed optimism that the $2.1 billion Strife ATM could be executed with similar success. In contrast to its other offerings, Strike is designed for “Bitcoin-curious” investors, featuring an 8% coupon and potential upside through Bitcoin conversion. Saylor described it as a “Bitcoin fellowship with a stipend,” appealing to a different risk profile. Currently, Strategy operates three ATM programs: $21 billion each for MicroStrategy (MSTR) equity and Strike, and $2.1 billion for Strife. These programs are rebalanced daily, allowing the company to adjust its issuance based on market conditions, volatility, and investor appetite.  At the time of writing, BTC is attempting to consolidate above the key $109,370 mark, which has the potential to become a new support level and allow for new records to be reached in the coming weeks. Year-to-date, the cryptocurrency has gained 56%. Featured image from DALL-E, chart from TradingView.com 

In a recent filing with the US Securities and Exchange Commission (SEC), Strategy (formerly Microstrategy), disclosed the purchase of an additional 6,556 Bitcoin (BTC) at an average price of $95,167 per coin between April 28 and May 4.  This latest acquisition brings the company’s total Bitcoin holdings to 555,450 BTC, valued at approximately $38.08 billion, with an average purchase price of $68,550 per BTC. Strategy Announces New $21 Billion ATM Offering The acquisition was financed through a strategic combination of common and preferred stock sales. Specifically, Strategy raised $128.5 million through its common stock at-the-market (ATM) program and an additional $51.8 million from the sale of STRK preferred shares. Notably, this latest transaction exhausts the company’s previous $21 billion ATM offering that was initiated last year. Related Reading: BNB Bulls Target $644 As Classic Chart Formation Emerges Michael Saylor, co-founder of Strategy and a well-known advocate for BTC, also shared on social media that the company has achieved a year-to-date Bitcoin yield of 14.0% as of May 4, 2025. He emphasized that the firm currently holds 555,450 BTC, acquired for approximately $38.08 billion. In a bid to further bolster its BTC accumulation strategy, Strategy announced last week plans to double its capital raising capacity. This includes introducing a new $21 billion ATM offering and expanding its debt purchase program to $42 billion.  These initiatives indicate the company’s commitment to enhancing its BTC-heavy balance sheet, even in light of recent financial challenges, including five consecutive quarterly net losses. Institutional Demand For Bitcoin Surges During its latest earnings call, Strategy unveiled the “42/42 Plan,” a roadmap aimed at raising $84 billion in capital over the next two years. The plan involves splitting the funding equally between equity and fixed-income instruments, all earmarked for future BTC acquisitions. Despite reporting ongoing losses, investor sentiment remains optimistic. Strategy continues to be the largest corporate holder of BTC, with its holdings representing nearly 3% of Bitcoin’s maximum supply. At current market prices around $94,000, the company’s bitcoin assets are valued at over $52 billion. Related Reading: Analyst Says $2 XRP Price Is Low As It Still Isn’t “Activated” This recent purchase comes amid a backdrop of strong institutional demand for BTC, particularly through regulated investment vehicles. Notably, BlackRock’s iShares Bitcoin Trust ETF (IBIT) has experienced significant inflows in the past two weeks, reflecting growing interest from institutional investors. However, despite the positive outlook on its BTC strategy, Strategy’s shares were down 2.7% in pre-market trading on Monday, following a gain of over 3% last Thursday.  Bitcoin, on the other hand, is trading at $94,596, a slight decrease of 0.2% in the 24-hour time frame, and gains of up to 13% in the monthly period for the market’s largest cryptocurrency. Featured image from DALL-E, chart from TradingView.com 

Strategy, formerly known as MicroStrategy, the now Bitcoin proxy firm founded by Bitcoin (BTC) bull Michael Saylor, made headlines once again on Monday by acquiring an additional 6,556 BTC, bringing its total BTC holdings to an impressive 538,200 BTC.  This latest purchase, amounting to approximately $556 million at an average price of $84,785 per Bitcoin, comes amid increasing market volatility, mainly characterized by BTC’s inability to surpass the $90,000 mark since early March of this year.  Strategy’s Bitcoin Holdings Surge Since Saylor first championed Bitcoin as a reserve asset in 2020, the cryptocurrency has surged by approximately 987.94% from January 2020 to April 2025. This reflects the increasing acceptance of Bitcoin in the corporate world but also highlights Saylor’s foresight in recognizing its potential as a store of value. Related Reading: Dogecoin Stalls After 42 Days Of Flat Price Action — Is A Breakdown Coming? In a recent post on X (formerly Twitter), Saylor confirmed that Strategy’s latest acquisition of 6,556 BTC was part of a broader strategy to capitalize on Bitcoin’s growth.  With a year-to-date BTC yield of 12.1% in 2025, the company’s commitment to Bitcoin is more than just an investment; it represents a strategic shift in how corporations view digital assets.  As of April 20, 2025, Strategy holds its BTC at an aggregate purchase price of around $36.47 billion, with each Bitcoin acquired at approximately $67,766. MSTR Stock Soars 163% In A Year Strategy’s stock, MSTR, trading at $317.20, has seen a modest day-over-day increase of 1.78%. With a total market cap of $84.7 billion and an enterprise value of $94.5 billion, the company’s valuation continues to benefit significantly from its Bitcoin strategy.  Notably, as Bitcoin prices have risen, the net asset value (NAV) of its Bitcoin holdings has climbed to $47.03 billion, reflecting a daily increase of $1.19 billion or 2.60%. Strategy’s bet on Bitcoin has also proven to be remarkably lucrative. Over the past year, MSTR stock has risen by approximately 163%, driven largely by the appreciating value of Bitcoin.  Related Reading: XRP Wyckoff Pattern Maps Bullish Run To $3.70 This Summer The fact that the Bitcoin method has yielded a total return of 2,400% is even more remarkable. This suggests that the first investments of those who saw the potential in Strategy’s Bitcoin strategy might see a return of over 24 times their initial investment. Nevertheless, as reported by NewsBTC, an accounting rule that requires digital assets to be evaluated at market prices would cause Strategy to record an unrealized loss of $5.9 billion for the first quarter of the year. As part of its aggressive acquisition strategy, which has included nine acquisitions during this period, the business allegedly spent $7.79 billion on Bitcoin in the same quarter. At the time of writing, BTC trades at $86,900, registering a 3.3% surge in the weekly time frame.  Featured image from DALL-E, chart from TradingView.com