Michael Saylor bought another $100M worth of Bitcoin, and the move appears to have spooked markets, triggering a sell-off in MSTR stock.<\/p>\n
Shares of MicroStrategy (MSTR), the Bitcoin-focused software firm now branded as \u201cStrategy,\u201d fell on Monday, September 22, even as the company revealed another large Bitcoin buy.\u00a0<\/span><\/p>\n The firm <\/span>disclosed<\/span> it acquired 850 BTC between September 15 and 21 for about $99.7M at an average price of $117,344.<\/span><\/p>\n Strategy has acquired 850 BTC for ~$99.7 million at ~$117,344 per bitcoin and has achieved BTC Yield of 26.0% YTD 2025. As of 9\/21\/2025, we hodl 639,835 $BTC<\/a> acquired for ~$47.33 billion at ~$73,971 per bitcoin. $MSTR<\/a> $STRC<\/a> $STRK<\/a> $STRF<\/a> $STRD<\/a> https:\/\/t.co\/rG5pvryeYL<\/a><\/p>\n \u2014 Michael Saylor (@saylor) September 22, 2025<\/a><\/p>\n\n The purchase lifted Strategy\u2019s total stash to 639,835 BTC, bought for roughly $47.33Bn at an average of $73,971 per coin. At current prices, the holdings are worth about $72Bn.<\/span><\/p>\n To fund the deal, the company tapped its capital-raising programs for about $19M from its STRF preferred stock and more than $80M via its MSTR at-the-market stock sale. That activity adds new supply to the market and can drag on the share price through dilution.<\/span><\/p>\n MicroStrategy\u2019s <\/a>stock is moving cautiously after weeks of uneven trading. The four-hour chart <\/span>shows<\/span><\/a> momentum has cooled since the mid-July peak, when the share price began sliding through August and fell below major moving averages.<\/span><\/p>\n\n (<\/span>Source: MSTR Stock, TradingView<\/span><\/a>)<\/span><\/p>\n Buyers tried to mount a recovery in early September, briefly lifting the stock back toward the $350 level.<\/span><\/p>\n That rebound stalled around the 50-period EMA at $344 and the 100-period EMA near $357.\u00a0 MSTR price pushed above both lines but quickly dropped to $336, highlighting that sellers remain active.\u00a0<\/span><\/p>\n The failed breakout reinforces the broader bearish structure that has been in place since late July, with lower highs and lower lows continuing to shape the trend.<\/span><\/p>\n For now, support is around $330, while resistance sits in the tight $344-$357 band. Traders are watching to see if the stock can hold above $336 and press higher again.\u00a0<\/span><\/p>\n A clean push above $357 would shift focus to $370, giving bulls room for recovery. If not, pressure could return, with the $320 zone back in sight.<\/span><\/p>\n Trading volume spiked during the drop, showing more vigorous selling activity.\u00a0<\/span><\/p>\n Data from <\/span>CoinGlass<\/span><\/a> also points to stress in derivatives markets, with fresh waves of long liquidations in August and September.\u00a0<\/span><\/p>\n\n (<\/span>Source: Coinglass<\/span><\/a>)<\/span><\/p>\n The latest surge matched the sharp pullback in MSTR stock, underscoring the volatility surrounding Saylor\u2019s Bitcoin-heavy bet.<\/span><\/p>\n EXPLORE:\u00a0Best New Cryptocurrencies to Invest in 2025<\/a><\/strong><\/p>\n Bitcoin price (BTC USD) is trading near $112,400 after pulling back from last week\u2019s highs, edging closer to the key $110,000 support level.\u00a0<\/span><\/p>\n Analyst Crypto Tony <\/span>posted<\/span><\/a> on X that he expects a brief bounce before a dip into this support, followed by a more substantial rally toward the $120k-$126k range.<\/span><\/p>\n $BTC<\/a> \/ $USD<\/a> \u2013 Update <\/p>\n Plan of action on #Bitcoin<\/a>. Small pump, dump then another big pump to come pic.twitter.com\/OJSIqIPyH4<\/a><\/p>\n \u2014 Crypto Tony (@CryptoTony__) September 22, 2025<\/a><\/p>\n\n Since July, Bitcoin has been moving within a wide $110k-$122k band. Sellers have repeatedly rejected prices near $116k-$118k, while buyers have stepped in to defend lower levels.\u00a0<\/span><\/p>\n The $110k mark remains pivotal. A sweep below could reset market positioning before any renewed move higher.<\/span><\/p>\n\n On the resistance side, hurdles sit around $114k-$116k, with more substantial barriers at $118k-$120k. A breakout above these zones would confirm the bullish case.\u00a0<\/span><\/p>\n But if $110k fails to hold, Bitcoin risks sliding toward $108k-$105k.<\/span><\/p>\n Traders are focused on whether BTC can form higher lows after testing its base. A constructive rebound from support could set the stage for a push into the mid-$120k region in the weeks ahead.<\/span><\/p>\n Read More:\u00a0Will TradFi Kill BTC USD Volatility? Lessons From Forex?<\/a><\/strong><\/p>\n The post TradFi Dump MSTR Stock on Saylor\u2019s Head After 100M Bid<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Michael Saylor bought another $100M worth of Bitcoin, and the move appears to have spooked markets, triggering a sell-off in MSTR stock. Shares of MicroStrategy (MSTR), the Bitcoin-focused software firm now branded as \u201cStrategy,\u201d fell on Monday, September 22, even as the company revealed another large Bitcoin buy.\u00a0 The firm disclosed it acquired 850 BTC […]<\/p>\n","protected":false},"author":0,"featured_media":98757,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-98756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/98756"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=98756"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/98756\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/98757"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=98756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=98756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=98756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Why Is MSTR Stock Underperforming Bitcoin Despite New Buys?\u00a0<\/h2>\n
Bitcoin Price Prediction: What Happens if Bitcoin Breaks Below $110K?<\/h2>\n