Michael Saylor’s company, MicroStrategy (MSTR), is continuing its strategy of accumulating Bitcoin, despite recent volatility in its stock price. The company is set to make its 28th Bitcoin purchase of the year, a pace 58% faster than last year.
While the stock itself is down around 120% from its peak, its Bitcoin (BTC) holdings have more than doubled this year to 638,460 BTC. This massive stack, with a cost basis of $72,350 per coin, currently represents an unrealized profit of over $27 billion. This suggests that while stock traders have been cautious, the core Bitcoin investment strategy remains profitable.
The article raises the question of whether a “risk-on” sentiment in the broader equity market could fuel another surge in MicroStrategy’s Bitcoin accumulation. The Nasdaq Composite Index is currently hitting all-time highs, with market sentiment turning positive in anticipation of a potential rate cut from the Federal Reserve.
This positive equity market trend could provide the momentum for MicroStrategy’s stock to recover and for the company to accelerate its Bitcoin purchases in the fourth quarter. The company is on track to make roughly 10 more Bitcoin buys this quarter, potentially bringing its total for the year to nearly 40.
September 2025, Cryptoniteuae
