MicroStrategy Buys the Top, Adding $1.1 Billion in Bitcoin Ahead of Price Plunge

Bitcoin development company MicroStrategy has bought the top—again—spending over $1 billion on the biggest cryptocurrency ahead of its Monday plunge.

The firm’s Bitcoin preacher, co-founder and Executive Chairman Michael Saylor, said Monday that the company had spent around $1.1 billion buying 10,107 Bitcoin at the average price of $105,596 per coin over the past week.

Bitcoin is now trading for about $100,700 after dropping as low as $98,380 Monday morning New York time, according to CoinGecko.

MicroStrategy now holds 471,107 Bitcoin—currently valued at more than $47 billion. The company has spent a total of $30.4 billion on the cryptocurrency, Saylor said on X (formerly Twitter), at the average price of $64,511 per Bitcoin.

Once a sleepy software company, MicroStrategy is now the talk of the town: the firm’s market cap has rocketed, making shareholders huge gains since the company adopted a Bitcoin strategy.

Bitcoin Sinks Below $100,000 as Trading Volume Explodes

Bitcoin's trading activity exploded on Monday with volume surging 222% to $55.3 billion, as Maelstrom Fund CIO Arthur Hayes predicted a sharp correction that could drag the price as low as $70,000 before an eventual rise to $250,000 this year. The alpha crypto is currently trading just a smidge above the $99,000 level, down 8.67% from its January 20 all-time high of roughly $108,000, data from CoinGecko shows. Meanwhile, forced liquidations in the crypto derivatives sector spilled out some $850...

It works to give investors what it calls safe and regulated exposure to Bitcoin via its shares, which trade on the Nasdaq.

The company first bought Bitcoin in 2020 and hasn’t stopped since—though over the past 12 weeks it has accelerated its buying, announcing a new purchase each and every week during that span.

Saylor argues that Bitcoin is the best inflation hedge and way to preserve wealth over the long-term—and urges other companies to do the same.

MicroStrategy to Redeem $1 Billion in Debt as Bitcoin Stash Nears $50 Billion

MicroStrategy said Friday that it’s taking measures to manage $1.05 billion in corporate debt that appears to be tied to the initial stages of its Bitcoin buying scheme. Under the leadership of co-founder and Executive Chairman Michael Saylor, the company has accumulated a stash of 461,000 Bitcoin worth nearly $49 billion, emerging as the largest corporate holder of Bitcoin since purchasing the asset for the first time in August 2020. And it's still buying, adding $1 billion to the pile earlier...

The company in December joined the Nasdaq-100, an index of the top 100 non-financial companies on the Nasdaq stock market, securing its place with some of the world’s most valuable companies—like Apple and Microsoft.

MicroStrategy stock (NASDAQ: MSTR) is currently priced at about $340 a share, down 14% over the last week and about 4% so far Monday amid a broader stock market drop apparently fueled by the emergence of Chinese AI model, DeepSeek.

Edited by Andrew Hayward