Bitcoin (BTC) exceeded $88,000 today in a sudden holiday rally that suddenly kicked out much of the market balance. Instead of a quiet Easter Sunday, they were horrified almost overnight. Some call this a final chance to buy it before Bitcoin reaches $100,000.
Then another number came: 6,556 BTC. This was just added to the balance sheet, dropping by about $555.8 million at an average price of $84,785.
Executive Chairman Michael Saylor brought the company’s total holdings to 538,200 BTC, and is now acquired for an average of $67,766. In the context, this is over 2.2% of all Bitcoin that exists.
Of course, Peter Schiff couldn’t ignore such a move and responded quickly to Saylor. Instead, he turned his focus. If Saylor tried to sell, Schiff said. The points are understandable. If you buy a lot of Bitcoin, obviously the market will move, and selling it can do even more damage.
Imagine what the price would be if you tried to sell it. My guess is that your purchases were what moved the market last night.
– Peter Schiff (@PeterSchiff) April 21, 2025
That’s the problem right now. The purchasing power of the strategy has helped to boost prices, but the other side of trade is difficult to ignore. Some analysts warn that a decline in Bitcoin or MSTR stocks could cause a knock-on effect. A decline in stock prices could weaken the collateral behind the strategy’s debt, and perhaps force asset sales – including Bitcoin.
With a large supply in one place, the next chapter of Bitcoin could rely on convictions as much as on liquidity. However, strategy tactics have always been about retention rather than sales. The size of the position means that movement is important, not just shareholders.
