Key Highlights:

  • Strategy shocks markets with one of its largest Bitcoin buys this year
  • Saylor doubles down despite Bitcoin’s sharp weekly drop
  • A public challenge from Peter Schiff adds new drama to the narrative

After several weeks of moderate purchases of 400–500 Bitcoins, Michael Saylor’s company surprised the market on Monday with a major new acquisition. Strategy announced it had purchased 8,178 BTC for approximately $835 million, marking one of its largest buys of 2025.

According to filings with the U.S. Securities and Exchange Commission (SEC), the purchase took place during a period of heightened Bitcoin volatility. Data from Coincheckup shows that Bitcoin fell roughly 11% over the past week, trading at $91,521 at the time of writing.

Despite the market correction, Strategy continues its long-term Bitcoin accumulation strategy, a policy it initiated in August 2020. The company remains the largest corporate holder of Bitcoin with 649,870 BTC under management.

Meanwhile, BitMine Immersion Technologies is currently the top public-company holder of Ethereum, and Forward Industries maintains the largest public-company stake in Solana.

Stock impact and public commentary

The recent market pullback has weighed on Strategy’s stock. MSTR on Nasdaq has dropped more than 16% in the past five days, falling to $197.03. 

However, Michael Saylor has stated in interviews and social media posts that the company will continue accumulating Bitcoin despite the price decline.

Over the weekend, long-time Bitcoin critic Peter Schiff publicly invited Saylor to debate him on stage at Binance Blockchain Week in Dubai this December. Schiff labeled Strategy’s business model a “fraud.”

As of publication time, Saylor has not responded to the challenge.

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bitcoin
Bitcoin (BTC) $ 68,222.00
ethereum
Ethereum (ETH) $ 1,934.87
tether
Tether (USDT) $ 0.999586
xrp
XRP (XRP) $ 1.45
bnb
BNB (BNB) $ 610.37
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
usd-coin
USDC (USDC) $ 0.999986