MicroStrategy bought 10,645 BTC for $980.3 million at an average price of $92,124 per coin, its largest purchase since July, the company said Monday.
Michael Saylor, MicroStrategy's strategy executive chairman, has indicated plans for another Bitcoin (BTC) purchase even as market sentiment remains in a state of extreme fear. The move underscores ongoing institutional accumulation despite short-term volatility.
Anthony Scaramucci praised MicroStrategy executive chairman Michael Saylor as the 'smartest mind in crypto' after meeting him in Abu Dhabi and posting the endorsement on X. The public compliment underscores continued alignment among prominent institutional voices in Bitcoin advocacy.
Peter Schiff publicly ridiculed Michael Saylor’s Bitcoin MENA keynote, attacking Saylor’s claim that Strategy (formerly MicroStrategy) intends to buy up all available Bitcoin. The exchange highlights ongoing institutional-versus-critic tensions in crypto debate.
MicroStrategy CEO Michael Saylor told an Abu Dhabi audience that countries could use Bitcoin reserves and tokenized credit markets to provide regulated accounts with higher yields, positioning BTC as a reserve and yield tool for sovereign finance.
SkyBridge founder Anthony Scaramucci praised MicroStrategy CEO Michael Saylor after the company disclosed its largest Bitcoin purchase in months and showed how its balance sheet is continuing to absorb more BTC supply.
MicroStrategy bought 10,624 BTC for $962.7 million at an average price of $90,615 per coin, funded via an ATM equity offering and preferred-share sales. It's the company's largest Bitcoin purchase in months.
Bitwise executive Matt Hougan says Michael Saylor and MicroStrategy do not intend to sell their Bitcoin holdings, reinforcing institutional commitment to BTC.
MicroStrategy CEO Phong Le said the company could liquidate its 649,870 BTC holdings under 'severe crisis' conditions, a first-time admission that alters its long-standing buy-and-hold posture. The warning introduces a new downside risk for Bitcoin and corporate treasury strategies.
MicroStrategy CEO Phong Le said on Nov. 30 the company would only sell Bitcoin if its stock traded below its market net asset value (mNAV) and other funding avenues dried up, insisting any sale would be driven purely by financial necessity.