Michael Saylor's MicroStrategy Buys 1,142 BTC During Recent Crash
MicroStrategy added 1,142 BTC for approximately $90 million, paying an average of $78,815 per coin, with purchases executed quietly as last week’s crypto sell-off began. The activity continues CEO Michael Saylor’s well-known strategy of using corporate treasury funds to accumulate bitcoin and came without a high-profile announcement, according to company disclosures.
While 1,142 BTC is modest relative to global daily volume, the buy-the-dip timing reinforces MicroStrategy's long-term conviction and can have outsized signaling effects for institutional and retail investors. The move tightens available supply slightly and may influence sentiment; market participants will be watching for further corporate purchases or treasury maneuvers that could affect price dynamics in the weeks ahead.