Microstrategy

Strategy acquired another 10,645 BTC for $980.3 million, bringing total holdings to 671,268 BTC worth $60 billion, while its stock underperforms Bitcoin and faces potential index exclusion.

GameStop’s stock fell after disappointing quarterly earnings, and the company revealed it might sell its bitcoin holdings due to a decline in their value. The bitcoin purchase, made earlier this year, has underperformed, and the company’s core business is also struggling.

Bitcoin is reclaiming the $90,000 level, sparking renewed optimism. Analysts suggest the bull market may continue as institutional demand absorbs retail selling, while Strategy (formerly MicroStrategy) reinforces confidence with a nearly $1 billion Bitcoin purchase.

Michael Saylor’s Strategy has added 10,624 BTC to its treasury for $962.7 million, bringing its total holdings to over 660,000 bitcoin. The purchase comes amid recent criticism of Saylor.

This article explores the potential consequences for Bitcoin’s price if Strategy, the largest corporate holder, is forced to sell its 650,000 BTC. It examines the conditions under which Strategy might sell, the company’s financial mechanics, and various analyst predictions ranging from a temporary dip to a catastrophic flash crash.

MicroStrategy has outlined conditions under which it would sell its Bitcoin holdings. A further 15% price drop in Bitcoin could trigger these sales, potentially initiating a market ‘death spiral’ and presenting a key buying opportunity.

Strategy, formerly MicroStrategy, is in talks with MSCI about a potential removal from its indices due to a new policy limiting crypto exposure. The move could trigger billions in outflows and impact the broader crypto market.

Michael Saylor’s Strategy has raised $21 billion year-to-date in 2025 to acquire more Bitcoin, utilizing a mix of equity and debt. The firm recently made its largest BTC purchase since July and is on pace to surpass its 2024 fundraising total.

Strategy, the largest corporate holder of Bitcoin, is facing intense pressure as its stock has plummeted over 40% in a week. The decline, outpacing Bitcoin’s own losses, raises concerns about Michael Saylor’s high-stakes strategy and potential exclusion from major stock indices.