MicroStrategy’s Largest Bitcoin Purchase in a Year Shakes Stock Market Confidence
BeInCrypto
Strategy made its largest Bitcoin purchase in over a year, yet its shares dropped, raising investor confidence concerns.Summary
Strategy (formerly MicroStrategy) announced its largest Bitcoin acquisition since November 2024, purchasing 22,305 BTC for about $2.13 billion on Monday, bringing its total holdings to 709,715. Despite this aggressive accumulation, the company's shares fell over 7%, failing to bolster investor confidence. The purchase price averaged $95,284 per Bitcoin, which was higher than the market price at the time, highlighting a pattern where Strategy buys after price rebounds rather than during pullbacks. This timing and its overall capital allocation strategy have continued to raise shareholder concerns, especially amid broader market uncertainty regarding Bitcoin's near-term price outlook.
(Source：BeInCrypto)