Bitcoin volatility puts MSTR in the spotlight, with potential forced selling if macro pressure intensifies.
Is 2025 a breakout year for MSTR’s treasury strategy?
Michael Saylor’s high-conviction Bitcoin [BTC] play is starting to look like a masterclass in aggressive accumulation. One more scoop, and MSTR’s 2025 haul will match all 17 buys from 2024 – and we’re only at halftime.
But the market’s still split on whether this is genius or risky.
Back on the 21st of November, MSTR notched an all-time high of $543, holding 331,200 BTC at the time. Fast-forward to the 30th of May, and MSTR’s stock closed at $366, with a much bigger Bitcoin stash of 580,250 BTC.
Source: TradingView (MSTR/USD)
No doubt, that’s some serious BTC beta. But with macro headwinds rattling equities and volatility on the rise, the setup screams elevated risk.
If things get choppy fast, MSTR could end up right in the firing line. In other words, they might be forced to offload some sats (satoshis, the smallest unit of Bitcoin), whether it’s part of the plan or not.
That’s the bear case keeping skeptics cautious. But according to AMBCrypto, a deeper market shift may be underway – one that could make 2025 the year MSTR hits max aggression.
MSTR’s Bitcoin play faces a volatile 2025
MSTR’s latest Bitcoin haul perfectly captures the current volatile ride.
On the 26th of May, they dropped $106.24 million for 4,020 BTC, pushing their total cost basis to a hefty $427.1 million.
But with BTC dipping to around $104,369 at press time, that fresh buy is already showing a paper bleed of roughly $6.8 million.
The fallout? MSTR’s stock slipped 3.14% off its $381 price tag from that day. Now, with trade wars heating up again, a “sustained” bull run is hard to come by as Bitcoin’s resilience gets tested again.
You’d expect MSTR to catch the same sell-off fever, right? Not quite. Zoom out to the past three months, and MSTR has outpaced Bitcoin, surging nearly 50%.
Source: IntoTheBlock
Notably, this surge landed smack in the middle of post-“Liberation Day” FUD, when Bitcoin hit a five-month low around $76k.
What’s the play here? MSTR’s strategy is quietly flexing bullish muscle. Traders are using the stock as a volatility hedge to offset Bitcoin’s swings.
In turn, setting up MSTR for a big buying spree in H2 as macro chaos keeps the market on its toes. Those 16 purchases so far? – Just the warm-up round.
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