MicroStrategy Buys 1,550 Bitcoin for $101M as Bitcoin Falls 16%
MSTR•MicroStrategy’s Strategy purchased 1,550 Bitcoin for about $101 million after selling $2.5 million, while Bitcoin fell below $60,000 in its worst week since 2022 with a 16% decline. US-listed spot Bitcoin ETFs saw $5.5 billion in outflows over 13 days, testing confidence in MicroStrategy’s Bitcoin-backed balance sheet.
1. Bitcoin Suffers Worst Weekly Drop
Bitcoin slid 16% over the past week, tumbling below $60,000 to its lowest level since October 2024 and marking its steepest decline since the FTX collapse in November 2022. Technical indicators like the 200-week moving average were breached, signaling potential for further downside.
2. Strategy Increases Bitcoin Holdings
MicroStrategy’s holding vehicle purchased 1,550 Bitcoin for approximately $101 million after an earlier sale of $2.5 million, boosting its digital asset portfolio valued at around $54 billion and demonstrating continued commitment to long-term accumulation.
3. ETF Outflows Raise Liquidity Concerns
US-listed spot Bitcoin ETFs experienced $5.5 billion in net outflows over 13 consecutive days, reflecting waning investor confidence and potentially straining liquidity for enterprises that rely on stable crypto valuations such as MicroStrategy.
