Michael Saylor’s MicroStrategy Acquires 10,107 BTC, MSTR Stock Drops

Michael Saylor’s MicroStrategy has made its twelfth Bitcoin purchase in as many weeks. The company announced that it had acquired 10,107 BTC for $1.1 billion, bringing its total holdings to 471,107 BTC. Meanwhile, the MSTR stock has declined despite this recent purchase.

Michael Saylor’s MicroStrategy Acquires 10,107 BTC

In a press release, MicroStrategy announced that it had acquired 10,107 BTC for $1.1 billion at an average price of $105,596 per bitcoin and has achieved a BTC yield of 2.90% year-to-date (YTD).

The company holds 471,107 BTC, which it acquired for $30.4 billion at an average price of $64,511 per bitcoin. This is the company’s twelfth purchase in as many weeks. Last week, the software company announced that it had acquired 11,000 BTC for $1.1 billion.

The company is expected to acquire more Bitcoin in the long term, as its shareholders recently voted to increase its share capital to aid the Bitcoin strategy. This will aid in solidifying MicroStrategy’s position as the public company with the largest BTC holding.

The MSTR stock price failed to react positively to the development of this recent Bitcoin purchase. Nasdaq data shows the stock is down over 4% in the pre-trading market.

However, this decline is due to the bearish sentiment in the broader financial market. Alongside the broader crypto market, crypto stocks like MARA, COIN, and MSTR have crashed on China’s DeepSeek jitters.

MicroStrategy Files For Mixed Securities Shelf

MicroStrategy has filed for a mixed securities shelf to raise funds to acquire more Bitcoin and support the company’s corporate activities. Meanwhile, as part of the company’s fundraising efforts, it also recently announced a proposed stock offering.

The company revealed that it intends to use the net proceeds from the public offering for general corporate purposes, including the acquisition of Bitcoin and for working capital.

BTC Whales Make Their Moves

Alongside MicroStrategy, other Bitcoin whales are also making their moves. According to Whale Alert, a Bitcoin Whale moved 1,023 BTC from an unknown wallet to the crypto trading firm Cumberland, indicating that they may be looking to offload these coins.

Another Whale also moved 500 BTC from an unknown wallet to the top crypto exchange, Binance. This also indicates that the investor in question is looking to offload their holdings, which is bearish for the Bitcoin price.

This comes amid the downtrend in the Bitcoin price, which dropped below $100,000 earlier in the day. However, the flagship crypto has reclaimed the psychological $100,000 level and could be set for a bullish reversal.

An Insight Into The Bitcoin Price Action

In an X post, crypto analyst Titan of Crypto revealed that the Bitcoin price is currently testing the Tenkan, which is holding support for now. The analyst further noted that last week was the most bullish, but as long as Bitcoin closes above Tenkan this week, the structure remains intact.

Crypto analyst CrediBULL Crypto also offered some optimism about the Bitcoin price action, stating that it was nothing to worry about. He remarked that it was good BTC was going for the lows first because it is healthier for the crypto to take liquidity from the lows of this range while leaving liquidity behind at the highs.