0 0
Strategy Buys 8,178 Bitcoin Amid Market Volatility
- Michael Saylor's Strategy has purchased 8,178 BTC for approximately $835.6 million, despite market volatility. The average purchase price was $102,171 per Bitcoin.
- The company's Bitcoin strategy yielded a 27.8% return year-to-date in 2025. As of November 16, 2025, Strategy holds 649,870 BTC, acquired at an average of $74,433 per BTC.
- MSTR stock fell by 2.28% in pre-market trading and is currently priced at $195, with potential further decline to $120 if there is no strong recovery.
- Critic Peter Schiff labeled Strategy’s business model as fraudulent and predicts the company's eventual bankruptcy.
- Bitcoin prices are under pressure, with a recent drop to $93,500. Analyst Ted Pillows indicates a potential support zone between $88,000 and $90,000.
- BlackRock is reducing its crypto holdings, selling off 4,880 BTC (valued at $467.16 million) and 54,730 ETH (worth $175.93 million) via Coinbase Prime.