Bitcoin News Today: MicroStrategy Buys Bitcoin Dips as Stock Plummets 35% and Crypto Markets Slide

The probability of Strategy (MSTR) selling Bitcoin in the short term to address debt obligations is low, with analysts and executives emphasizing the company's continued commitment to aggressive Bitcoin accumulation. Michael Saylor, Strategy's founder, recently dismissed rumors of asset sales, confirming the firm is accelerating Bitcoin purchases and preparing to announce new acquisitions as part of its long-term treasury strategy. This stance aligns with the company's Q2 performance, which reported a $14.05 billion unrealized gain on its Bitcoin holdings, pushing the portfolio's value to $64.36 billion.

Strategy's balance sheet remains resilient despite broader crypto market volatility. The company holds 641,692 BTC, valued at $61.19 billion, with an average purchase price of $74,079 per coin. Saylor highlighted that Bitcoin's current price-near $96,815- still represents a 28.72% profit on the portfolio, far outpacing the stock's year-to-date decline of 35%. The firm's market capitalization has fallen below its Bitcoin holdings, creating a market-to-net-asset value ratio below 1, a metric often cited as a sign of undervaluation.

The broader crypto market, however, remains in a bearish phase. Bitcoin fell below $95,000 in late November, breaking a key 50-week moving average support level that had previously acted as a reliable bounce zone. This decline mirrors similar technical breakdowns seen in 2024, with analysts warning of extended sell-offs. Despite institutional inflows into Bitcoin ETFs and corporate treasuries, macroeconomic pressures-including Trump-era tariffs and geopolitical tensions-have exacerbated volatility.

Strategy's strategy of leveraging Bitcoin as a foundational asset has drawn both institutional interest and skepticism. While Saylor envisions a $1 trillion Bitcoin balance sheet to drive Bitcoin-backed credit markets, critics question the sustainability of its leverage model. The company's recent $4.2 billion preferred stock offering (STRD) underscores its focus on capital generation to fund further Bitcoin purchases. Yet, its relative performance lags behind Bitcoin's returns, with Strategy's portfolio down 41.36% year-over-year compared to Bitcoin's 6.08% gain.

Competitive dynamics also pose challenges. SanDisk's meteoric 585% rally in 2025 has positioned it as a potential S&P 500 candidate, potentially crowding out Strategy for index inclusion. This development highlights the shifting landscape in tech and crypto sectors, where rapid valuation growth and market capitalization thresholds increasingly dictate institutional recognition.

Despite these headwinds, Saylor remains bullish on Bitcoin's long-term trajectory. He emphasized that Bitcoin's average annual return of 50% over five years outperforms traditional assets like gold and the S&P 500, advocating for a four-year investment horizon. With Strategy's balance sheet "pretty stable" and no imminent debt triggers, the firm plans to continue buying dips in Bitcoin, leveraging market volatility to expand its holdings.