MicroStrategy Loses Hundreds of Millions, 649,870 Bitcoins at Risk – Saylor’s Strategy Starting to Crack?

Jakarta, Pintu News – Tech firm MicroStrategy, known as one of the largest institutional holders of Bitcoin , is facing tremendous pressure after the price of Bitcoin fell below $91,000. Out of a total holding of 649,870 BTC, around 40% is now in a loss position.

1. MicroStrategy’s new 8,178 BTC immediately loses almost $100 million

Michael Saylor, Chairman of MicroStrategy, recently bought 8,178 BTC at an average price of $102,171 per coin. Now, with the price of Bitcoin around $92,000, this latest accumulation lost almost $100 million in value in just a few days.

Data from CryptoQuant shows that the overall profitability of MicroStrategy’s BTC portfolio dropped from 90% to around 60%, reflecting how deep the losses the company is currently bearing.

Also Read: Gold Outperforming Bitcoin? Asset Performance Analysis in 2025

MSTR shares plummet 55%, losing $72 billion in market value

MicroStrategy ($MSTR) share price is also not spared from the impact of the bearish market. Currently:

• MSTR shares have fallen 55% from their peak at the beginning of the year.
• It is trading around $206.8, the lowest level since October 2024.
• The market capitalization of MSTR lost about $72 billion due to this pressure.

Investors and analysts are starting to question whether this leverage-based business model for crypto is still viable in the long run.

Peter Schiff’s harsh criticism: “The Model Will Go Bankrupt”

Peter Schiff, a longtime Bitcoin critic and gold advocate, called MicroStrategy’s strategy a “fraud”. He even challenged Saylor to an open debate at Binance Blockchain Week in Dubai this December.

He added that Bitcoin is now down 40% against the price of gold, which weakens the narrative that BTC is “digital gold”. He stated: “Believers will start selling.”

Market Sentiment at the Point of “Extreme Fear”

The Fear & Greed index returned to the “Extreme Fear” zone , signaling the dominance of fear in the market:

• BTC is down more than 25% from its ATH of $126,000.
• Down 10% in the last 7 days.
• MicroStrategy has not provided an official response about this unrealized loss.
• Saylor only posted on X: “₿elieve” and “HODL”.

Altcoins recover, but Bitcoin is still weak

Some altcoins such as Ethereum , Ripple , and Solana have started to show a minor recovery:

• ETH & XRP are up more than 3% in the last 24 hours.
• SOL rose 7% and was the top gainer amid the price chaos.

Nevertheless, Bitcoin still failed to stay above the psychologically important level of $93,500.

Also Read: 5 Reasons Solana (SOL) was Scooped Up by Institutions Despite Falling 30%: Whale’s Stealth Strategy?

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FAQ: MicroStrategy & the Impact of Bitcoin Price Crash

Who buys the most Bitcoin institutionally?

MicroStrategy is one of the public companies with the most Bitcoin holdings, which is around 649,870 BTC, according to Cryptopolitan data.

What impact has the BTC price drop had on MicroStrategy?

About 40% of MicroStrategy’s BTC is now below the purchase price, causing hundreds of millions of dollars in unrealized losses and huge pressure on the company’s share price.

What is the average price of MicroStrategy recent purchases?

Michael Saylor bought the last 8,178 BTC at an average price of $102,171. Bitcoin price is currently below $92,000.

Will MicroStrategy sell its Bitcoin?

Until now, there has been no official statement regarding the sale plan. However, the company’s strategy continues to emphasize long-term accumulation, even though many people are beginning to doubt its sustainability.

What is the market reaction to this BTC price crash?

Market sentiment is deteriorating, the Fear & Greed index is at “Extreme Fear.” Nevertheless, some altcoins are recovering with moderate gains in the last 24 hours.

Reference:

• Ashish Kumar. Strategy’s 649,870 Bitcoin holding just took a brutal hit. Accessed on November 20, 2025