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.
https://twitter.com/Strategy/status/1990411065553731775
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.