{"id":11432,"date":"2025-09-22T16:19:15","date_gmt":"2025-09-22T16:19:15","guid":{"rendered":"https:\/\/bitunikey.com\/news\/michael-saylors-strategy-buys-850-btc-as-mstr-stock-dips\/"},"modified":"2025-09-22T16:19:16","modified_gmt":"2025-09-22T16:19:16","slug":"michael-saylors-strategy-buys-850-btc-as-mstr-stock-dips","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/michael-saylors-strategy-buys-850-btc-as-mstr-stock-dips\/","title":{"rendered":"Michael Saylor\u2019s Strategy buys 850 BTC as MSTR stock dips"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p>Strategy continues to underperform Bitcoin, despite doubling down on BTC purchases<\/p>\n<div id=\"cn-block-summary-block_92b9d93fe74ea435ea1ff400b00d2ba0\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Saylor announced the purchase of an additional 850 BTC for $99.7 million<\/li>\n<li>Strategy\u2019s Bitcoin reserves reached 639,835 BTC, worth $73.92 billion<\/li>\n<li>Despite this accumulation, MSTR stock fell 5% over one month, while Bitcoin fell 1.45%<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Michael Saylor\u2019s Strategy is doubling down on Bitcoin purchases, despite a dip in its stock price. On Sunday, September 21, the company announced an 850 Bitcoin (BTC) purchase that cost $99.7 million. Even so, the move did not inspire much confidence among investors, as its stock continues to underperform Bitcoin. Notably, over the past month, MSTR stock lost approximately 5% of its value, while Bitcoin lost just 1.45%.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The Orange Dots go up and to the right. <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/CrTo7DQ9qw\">pic.twitter.com\/CrTo7DQ9qw<\/a><\/p>\n<p>\u2014 Michael Saylor (@saylor) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/saylor\/status\/1969738824965079419?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 21, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Strategy disclosed the purchase and its current holdings in a September 22 SEC Form 8-K <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/assets.contentstack.io\/v3\/assets\/bltf8d808d9b8cebd37\/blt12ca664c19b20e77\/68d0b6f8dfcdb6d68cb4f09d\/form-8-k_09-22-2025.pdf\" target=\"_blank\" rel=\"nofollow\">filing<\/a>. The latest acquisition pushed the company\u2019s holdings to 639,835 BTC, worth approximately $73.92 billion. Still, the firm funded its acquisition largely through stock sales under an at-the-market program, revealing a weakness in its acquisition strategy.<\/p>\n<p>Notably, equity sales enable Strategy to accumulate reserves without taking on more debt. However, the practice also dilutes existing shareholders, which is not a popular move among investors. Moreover, pure equity sales do not benefit from the leverage factor that enabled Strategy to outperform Bitcoin in the past.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Is Saylor\u2019s Strategy set for a correction?  <\/h2>\n<p>A move away from debt financing reveals lukewarm demand for Strategy\u2019s convertible bonds, as investors increasingly look at the company\u2019s lofty valuation. Currently, Strategy\u2019s market cap is $97.43 billion, while its Bitcoin holdings are worth $73.92 billion.<\/p>\n<p>This multi-billion-dollar discrepancy is causing some traders to question whether the company should be worth more than its Bitcoin holdings. So far, Strategy could justify its valuation by pointing to its ability to buy Bitcoin with debt. However, if sources of financing dry up, the company could face a significant correction, potentially hurting its cash flow. <\/p>\n<p>One fact pointing to the possibly dire situation is that Saylor himself is calling out his critics. He <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/news\/michael-saylor-blames-short-sellers-100537942.html\" target=\"_blank\" rel=\"nofollow\">blamed<\/a> bots for posting negative information about his company in an effort to artificially change market sentiment around the stock.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strategy continues to underperform Bitcoin, despite doubling down on BTC purchases Summary Saylor announced the purchase of an additional 850 BTC for $99.7 million Strategy\u2019s Bitcoin reserves reached 639,835 BTC,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":925,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=11432"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11432\/revisions"}],"predecessor-version":[{"id":11433,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11432\/revisions\/11433"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/925"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}