Topline
Strategy on Monday disclosed a bitcoin purchase valued at more than $100 million, after billionaire Michael Saylor’s firm—the world’s largest institutional holder of bitcoin—announced a rare sale of the cryptocurrency amid a broad drop in the world’s most valuable digital asset.
Key Facts
Strategy, in a Securities and Exchange Commission filing on Monday, disclosed it purchased 1,550 bitcoin for $101.3 million last week at an average price of $65,332 per coin, which it funded through $181 million in stock sales.
The announcement comes roughly a week after Strategy disclosed the sale of 32 bitcoins to raise about $2.5 million to pay dividends to stockholders, the company’s second such sale and its first since December 2022, amplifying bearish sentiment for the crypto market as bitcoin’s value fell below $60,000 for the first time since October 2024.
Bitcoin’s value rose as high as $63,926 early Monday, up as much as 8% since hitting a recent low of $59,159 on Friday.
Strategy rose 3.8% as of Monday morning, though shares have plummeted by more than 33% over the last month.
big number
845,256. That’s Strategy’s total bitcoin holdings, aggregated at a market value of $63.9 billion, or about $75,680 per token, according to Strategy’s disclosure.
tangent
Cardano’s ADA token, once the world’s third-largest cryptocurrency behind bitcoin and ethereum, dropped to a low of just under $0.16 on Monday, its lowest level since December 2020. That extended a more than 26% decline for the token over the last week, following the cancellation of Cardano’s flagship summit.
key background
Broader pessimism spread across the crypto market following Strategy’s latest bitcoin sale, erasing the record-setting surge for the world’s largest cryptocurrency that followed the 2024 presidential election. President Donald Trump’s push for the U.S. to become the “crypto capital of the world” fueled demand and optimism for the crypto market, with promises of pro-crypto legislation pushing bitcoin above $120,000 by July 2025, and then to $122,000 just days later. Bitcoin’s value has steadily declined since hitting a peak in October 2025, following waning demand for spot bitcoin ETFs and lower odds of interest rate cuts. A hotter-than-expected labor market report last week further increased betting odds of an interest rate hike, aiding in bitcoin’s sell-off.
orbes valuation
Saylor, who founded Strategy, then known as MicroStrategy, in 1989, has an estimated net worth of $3.8 billion as of Monday. His fortune plummeted during the dot-com crash, but Strategy’s bitcoin investments made Saylor a billionaire once again, as Saylor has directed his firm to shift its corporate coffers into bitcoin.
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