Bitcoin News Today: Saylor's Bitcoin Bet Defies Volatility, Regulatory Scrutiny

Michael Saylor, executive chairman of Strategy (MSTR), the largest corporate holder of bitcoin, has reiterated his bullish stance on the cryptocurrency, with the firm's holdings surging to 640,031 BTC by the end of September 2025. This represents a significant increase from 597,325 BTC at the start of the quarter, driven by proceeds from common and preferred stock issuances. The third-quarter earnings report highlighted a net income of $2.8 billion, translating to an EPS of $8.42, fueled by a rise in bitcoin's price from approximately $107,000 in July to $114,000 by September.

Saylor has dismissed growing concerns about stablecoins and regulatory pressures undermining bitcoin's long-term trajectory. During a Fox Business interview, he argued that bitcoin's annualized volatility has decreased from 80% in 2020 to around 50% today, projecting further stabilization to 1.5 times the S&P 500's volatility while maintaining superior returns. His confidence contrasts with warnings from traders like Peter Brandt, who has likened bitcoin's price action to historical soybean market bubbles.

The aggressive accumulation strategy has not gone unchallenged. Regulatory scrutiny of crypto infrastructure remains intense, as seen in the recent federal indictment of Crypto Dispensers' CEO, Firas Isa, for alleged money laundering through the firm's ATM network. Meanwhile, new market products are emerging to capitalize on crypto's volatility. Leverage Shares announced plans to launch 3x and -3x leveraged bitcoin and Ethereum ETFs in Europe, despite a 21% drop in bitcoin's price year-to-date. These products, set for a Switzerland-based SIX Exchange debut, aim to provide European investors with amplified exposure to crypto movements.

The broader market, however, remains under pressure. Ethereum ETFs recently broke an eight-day outflow streak with $55.71 million in net inflows on November 21, yet ETH's price has fallen 28.9% over the past month, struggling to reclaim $2,800. This underperformance highlights the fragility of investor sentiment, even as institutional adoption persists.

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