The Michael Saylor-led company Strategy added 130 bitcoins to its holdings, but the market showed little reaction to this news.
Strategy's Bitcoin Purchase
Strategy spent $10.7 million on acquiring 130 BTC between March 10 and 16, 2025. The purchase was funded by selling 123,000 shares of its 8.00% Series A perpetual preferred stock. However, the event barely moved Bitcoin’s price, which decreased by 0.6% over the last 24 hours.
Evolution of the Cryptocurrency Market
Since its first BTC purchase in 2020, Strategy has amassed over 499,226 BTC, amounting to more than 2% of Bitcoin's total supply. The market has evolved with the emergence of institutional and retail investors, leading to greater maturity. The approval of Bitcoin ETFs in the US further indicates that no single company can significantly influence the market's direction anymore.
Risks of Strategy Selling Its Bitcoin
Michael Saylor's battle for market influence may face risks if Strategy decides to sell its bitcoins. The pressure for panic sales could become catastrophic for the market. Additionally, the instability of the company's financial strategy, burdened by debt, could lead to potential adverse consequences amid a market downturn.
The actions of Strategy under Saylor's leadership no longer exert significant influence on the market. This underscores the increased stability and complexity of the cryptocurrency landscape, where even major players cannot independently determine the industry's dynamics.
