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Bitcoin Updates Today: Saylor’s Bitcoin Bet—Genius Move or Risky Venture?

Bitcoin Updates Today: Saylor’s Bitcoin Bet—Genius Move or Risky Venture?

Bitget-RWA2025/11/21 04:36
By:Bitget-RWA

- MicroStrategy's $835M Bitcoin purchase (8,178 BTC) raises questions about its strategy amid a 56% stock price drop and $61B BTC holdings. - Critics like Peter Schiff call the model unsustainable, while Arca's Jeff Dorman disputes forced sale risks as Bitcoin ETFs see outflows. - Bitcoin's $94K price and MicroStrategy's $8.1B debt amplify risks, with shares trading at a 19% premium to NAV amid bearish altcoin trends. - Regulatory support for Bitcoin tax payments contrasts with market volatility, as Saylor

MicroStrategy (MSTR) has sparked renewed discussion with its recent $835 million

acquisition, drawing attention to its bold in the midst of a turbulent environment. Under the leadership of CEO Michael Saylor, the company purchased 8,178 at an average cost of $102,171 per coin, increasing its total stash to 649,870 BTC, based on Monday’s $94,276 price. The purchase, mainly financed through preferred stock offerings such as Steam (STRE) and Stretch (STRC), demonstrates the firm’s dependence on raising capital, especially as its common shares have over the past four months, making standard equity offerings more dilutive.

This action highlights MicroStrategy’s steadfast dedication to Bitcoin even as doubts grow. With its market net asset value (mNAV) at 1.19—meaning shares are trading at a 19% premium over Bitcoin’s underlying value—

. Noted gold supporter and Bitcoin skeptic Peter Schiff recently and invited Saylor to debate him publicly at Binance Blockchain Week in Dubai. Arca CIO Jeff Dorman , arguing that forced Bitcoin liquidations are improbable and that MicroStrategy’s impact on price swings has lessened compared to ETF inflows.

Bitcoin Updates Today: Saylor’s Bitcoin Bet—Genius Move or Risky Venture? image 0
Recent Bitcoin price fluctuations have intensified worries. After falling 11% the previous week, Bitcoin hovered around $94,200 on Monday, while MicroStrategy’s stock traded at $199.63—just above its NAV—amid to $150–200 if Bitcoin were to drop to $40,000. The company’s $8.1 billion in debt , as further declines in crypto prices could put additional pressure on its finances.

Broader market trends are also affecting sentiment. Once a source of optimism, Bitcoin ETFs have experienced outflows and mixed results, while alternative coins like

(ETH) and , indicating a bearish trend. However, . The Bitcoin Policy Institute’s support for the Bitcoin for America Act—which would allow taxes to be paid in Bitcoin—shows growing institutional interest, though its effect on price is still uncertain.

MicroStrategy’s approach remains a double-edged sword. While its focus on Bitcoin allows it to use premium share sales to buy crypto at a discount,

and evolving market conditions create significant challenges. Investors are watching closely as Saylor steers through a landscape where every decision is under scrutiny, and the distinction between visionary and risk-taker becomes less clear.

: Strategy Returns to Large Bitcoin Buys, Adding $835M Last Week

: Strategy Is in the Crosshairs of Crypto Investors...

: MicroStrategy's SWOT analysis...

: Arca CIO Jeff Dorman...

: Crypto Today: Bitcoin...

: Bitcoin Policy Institute...

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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