Bitcoin Plunges 7.11%, Saylor Sees Opportunity

Bitcoin's recent 7.11% crash has sparked commentary from industry figures, with Michael Saylor, co-founder and executive chairman of Strategy, taking to Twitter to share his perspective. In a concise yet impactful tweet, Saylor stated, "Bitcoin is on sale," suggesting that the current dip presents an opportunity for investors to acquire the world's leading cryptocurrency at a discounted price.

Over the past 24 hours, Bitcoin's price trajectory has been volatile, with the cryptocurrency losing over 7% and falling below the $95,610 level to reach $88,820. Several factors contributed to this decline, including Donald Trump's impending tariffs on Canada and Mexico, massive liquidations on the crypto market, and significant outflows from spot Bitcoin ETFs, totaling approximately $552.5 million. Additionally, Elon Musk's demands for federal agency employees to report on their achievements have also been cited as a potential trigger for the market downturn.

Despite the recent market fluctuations, Saylor's company, Strategy (formerly MicroStrategy), has continued to accumulate Bitcoin. In a recent tweet, Saylor announced that the company had purchased 20,356 Bitcoins for approximately $1.99 billion, paying around $97,514 per BTC. This acquisition followed the company's completion of a $2 billion offering of senior convertible notes to institutional investors, with the proceeds earmarked for Bitcoin purchases. As of now, Strategy holds a total of 449,096 BTC, valued at roughly $33.1 billion at the current BTC/USD exchange rate.

Saylor also revealed that Strategy has achieved a Bitcoin yield of 6.9% year-to-date in 2025 and confirmed the company's intention to surpass its initial target of holding 500,000 Bitcoins. With less than 1,000 BTC remaining to reach this ambitious goal, Strategy continues to be a significant player in the cryptocurrency market.