Bitcoin News Today: Bitcoin's Believers Bet Big as MicroStrategy Loads Up Again

MicroStrategy, a publicly traded company under the new name Strategy, recently disclosed in an SEC filing that it purchased an additional 1,955 Bitcoin (BTC) for approximately $217 million, bringing its total holdings to 638,460 BTC [2]. The acquisition was executed at an average price of $111,196 per Bitcoin, raising the company’s average cost basis to around $73,880 per coin [2]. The purchases were made as Bitcoin traded in a range from $110,500 to $112,200 during the transaction window [2]. The announcement coincided with a slight dip in Bitcoin’s price to $111,800 following the news [2].

This latest purchase aligns with MicroStrategy's long-term strategy of acquiring Bitcoin as a primary corporate asset. The company, led by Executive Chairman Michael Saylor, has been a vocal advocate for Bitcoin's role as a digital store of value, frequently emphasizing its potential to disrupt traditional financial systems. Saylor has previously made bullish forecasts, including a revised price target of $21 million per Bitcoin by 2045, based on his belief in the tokenization of global assets on blockchain technology [1].

Despite these ambitious projections, the feasibility of such a valuation remains under scrutiny. If Bitcoin were to reach $21 million per coin, its fully diluted market capitalization would exceed $441 trillion—far surpassing the combined valuation of the S&P 500 and the global annual economic output [1]. Skeptics argue that widespread adoption of Bitcoin as a bridging currency for tokenized assets may not necessarily drive its price higher, given its limited use in everyday transactions and the potential for rapid conversion back to fiat currencies [1]. Additionally, the legal and regulatory hurdles to global adoption, particularly for smaller economies, present a significant challenge to the long-term vision of Bitcoin as a universal reserve asset [1].

MicroStrategy’s recent Bitcoin purchases also come amid a period of investor uncertainty. The company’s stock price has declined by 26% since July 2025, currently trading at $335 per share [2]. The firm faced recent criticism for its modified mNAV guidance, which initially promised no share issuance if the ratio fell below 2.5X but was later adjusted to allow potential dilution [2]. Meanwhile, the company missed an opportunity to be included in the S&P 500 index, despite meeting all inclusion criteria and posting strong quarterly results [2]. The firm’s stock valuation is now trading at a multiple of 1.5x the value of its Bitcoin holdings, reflecting ongoing pressure from shareholders [2].

The purchase of Bitcoin remains a central pillar of MicroStrategy’s business model, with its holdings now valued at $71 billion [1]. The company’s continued accumulation of Bitcoin suggests a strategic commitment to its long-term value proposition, even as broader market dynamics introduce volatility and regulatory uncertainty. As the market watches the company’s next steps, the interplay between its stock performance and Bitcoin’s price movements will remain a key focal point for investors [2].

Source: [1] 1 Unstoppable Cryptocurrency to Buy Before It Soars... (https://www.fool.com/investing/2025/09/06/1-cryptocurrency-buy-soars-18800-michael-saylor/) [2] Michael Saylor's Strategy Buys Another 1955 BTC for $217M (https://www.coindesk.com/business/2025/09/08/michael-saylor-s-strategy-buys-another-1-955-btc-for-usd217m)