2024

Bitcoin

MSTR

Drops

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 <p>Strategy, the enterprise software company formerly known as MicroStrategy, has added to its position as the world’s largest corporate Bitcoin holder with its biggest Bitcoin purchase since Nov. 11, 2024.&nbsp;</p>
 <p>Executive chairman Michael Saylor announced on X today that the firm acquired 22,305 BTC for approximately $2.13 billion, paying an average price of $95,284 per Bitcoin.</p>
 <p>The acquisition pushes Strategy’s total holdings to 709,715 BTC, accumulated for roughly $53.92 billion at an average price of $75,979 per coin.&nbsp;</p>
 <p>What’s more, the company’s treasury now represents more than 3.3% of BTC’s total eventual supply, cementing Strategy’s dominance as the most aggressive corporate Bitcoin accumulator in the world.</p>
 <p>Yet despite the scale of the announcement, Strategy’s stock didn’t enjoy its usual post-purchase bump. MSTR shares plunged more than 5% in pre-market trading, reflecting broader market uncertainty and renewed questions about the sustainability of the firm’s increasingly concentrated Bitcoin strategy.</p>
 <h2 id="a-return-to-mega-scale-accumulation">A Return to Mega-Scale Accumulation</h2>
 <p>The new purchase marks Strategy’s largest single buy in more than a year, signaling a return to mega-scale accumulation after a period of comparatively smaller additions.&nbsp;</p>
 <p>Since pioneering the corporate Bitcoin treasury movement in 2020, <a href="https://coinpaper.com/9653/michael-saylor-predicts-bitcoin-will-hit-21-m-by-2046" rel="noopener noreferrer nofollow"><span>Saylor</span></a> has made acquisitions at all stages of the market cycle, funding purchases with a mix of operating income, equity issuance, and convertible debt.</p>
 <p>While other corporate treasuries have begun dipping into digital assets, none come close to Strategy’s scale. For comparison, the company now holds over ten times more Bitcoin than the next-largest publicly known corporate holder.</p>
 <h2 id="market-reaction-bitcoin-and-strategy-down">Market Reaction: Bitcoin and Strategy Down</h2>
 <p>The more than 5% pre-market drop in Strategy’s share price suggests investor concerns around leverage and valuation pressure. Adding to the concerns is the recent slump in BTC’s price.&nbsp;</p>
 <p>In the past 24 hours, the largest crypto by market cap saw its price <a href="https://coincodex.com/stock/MSTR/" rel="noopener noreferrer nofollow"><span>slide more than 2%</span></a>. This coincided with a broader crypto market pull back in the same period.&nbsp;</p>
 <p>Strategy’s share price has long been highly correlated with BTC, often outperforming the asset due to the company’s leveraged balance sheet.&nbsp;</p>
 <h2 id="saylor-s-weekend-teaser-igger-orange">Saylor’s Weekend Teaser: “₿igger Orange”</h2>
 <p>The formal announcement of the latest buy came after a wave of speculation sparked by Saylor himself. On Sunday, he posted the two-word phrase “₿igger Orange” alongside a SaylorTracker chart, immediately triggering chatter across crypto communities. Many assumed the hint pointed to an imminent acquisition, and they were right.</p>
 <p>Still, Saylor didn't reveal the purchase on Monday morning. Instead, he issued a philosophical reminder about Bitcoin’s round-the-clock design.</p>
 <p>In a brief X post shared on Martin Luther King Jr. Day yesterday, Saylor wrote: “Bitcoin never takes holidays.”</p>
 <p>The message played into Bitcoin’s reputation as a 24/7, borderless financial network—and subtly amplified anticipation for today’s eventual announcement.</p>
 <h2 id="a-long-term-doctrine-with-no-signs-of-slowing">A Long-Term Doctrine With No Signs of Slowing</h2>
 <p>With 709,715 BTC now on the balance sheet, Strategy has reaffirmed its commitment to a long-term, accumulation-first doctrine that has redefined how public companies think about treasury management.&nbsp;</p>
 <p>The firm shows no sign of easing its pace, even as Bitcoin trends downward and institutional demand deepens.</p>
 <p>Whether markets continue to reward Strategy’s ultra-concentrated approach depends heavily on Bitcoin’s trajectory. But as of now, the company remains the undisputed heavyweight of corporate Bitcoin ownership.</p>
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Strategy Makes Biggest Bitcoin Buy Since November 2024, MSTR Drops 5% on the News

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Coinpaper.com

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