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Michael Saylor grabs $27 million in Bitcoin before crash!
Michael Saylor Buys Bitcoin for $27.2 Million Before Major Price Drop. A look at the impact on the market.
Michael Saylor grabs $27 million in Bitcoin before crash!
On October 13, 2025, Michael Saylor's company Strategy made a notable purchase in the crypto world, investing $27.2 million in Bitcoin. This purchase included 220 BTC at an average price of $123,561 per coin. The transaction took place between October 6th and 12th, just before a significant crash in the crypto market.
The purchase came at a critical time as Bitcoin's price fell over 10% and slipped below $110,000. This decline was triggered by President Trump's announcement of 100% tariffs on Chinese goods. This move resulted in a drastic market loss of around $400 billion in less than 24 hours.
Market Reactions and Bitcoin Volatility
The market reaction was immediate and strong. Bitcoin fell from around $117,000 in a short period of time, while many altcoins, including Ethereum (ETH) and Solana (SOL), lost 15% to 30% in value. This volatility has increased concerns among investors worldwide and highlighted uncertainties surrounding market developments.
Strategy's current holdings now total 640,250 BTC, representing a market value of approximately $73.69 billion. These BTC were purchased for a total of $47.38 billion, at an average price of $74,000 per coin. Funds for the new purchases come from three different equity programs: STRF, STRK and STRD.
Strategic direction of Strategy Inc.
Strategy Inc. is listed on the Nasdaq under the ticker MSTR and holds the title as the largest corporate holder of Bitcoin in the world. It was the first company to use Bitcoin as its sole treasury asset, highlighting its innovative strength in the financial world.
Although current market conditions are challenging, the strategy of Michael Saylor and his company remains resolute. The large investment in Bitcoin shows continued confidence in the digital currency and its potential long-term growth. These developments could have wide implications for the cryptocurrency market as they influence both investor sentiment and market structure.
Overall, Strategy's recent purchase shows that despite short-term setbacks in the crypto market, confidence in Bitcoin as a valuable form of investment continues. In a time full of uncertainty, investors remain curious about the next steps and reactions of market players.