Bitcoin Updates: MSTR's Bitcoin Strategy Faces Market Slump and Political Challenges

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Bitcoin Updates: MSTR's Bitcoin Strategy Faces Market Slump and Political Challenges

Bitget-RWA2025/11/06 07:00

By:Bitget-RWA

- MicroStrategy (MSTR) bought 397 BTC at $114,771, boosting its $69B Bitcoin holdings via stock sales, per Coindesk. - Analysts warn MSTR's slower BTC purchases since September may hinder price recovery, as ETFs and corporate buying historically drove demand. - Trump's pardon of Binance's Zhao raises conflict-of-interest concerns, linking Binance to Trump's crypto venture World Liberty via USD1 stablecoin ties. - Bitcoin fell below $108,000 as altcoins struggle; Altcoin Season Index at 24 shows 75% underpe

Michael Saylor's

Strategy

(MSTR) is once again in the spotlight for its bold

Bitcoin

(BTC) acquisition approach, having purchased 397

BTC

last week at an average cost of $114,771—boosting its holdings by $45.6 million and raising its total to 641,205 coins, now worth over $69 billion, as reported by

Coindesk report

. The company mainly financed this purchase by issuing common and preferred shares, a method it has consistently used throughout 2025 to expand its Bitcoin reserves, according to

a Cryptonews article

. Still, some analysts caution that Strategy's slower buying pace since September may dampen Bitcoin's price rebound, since both the company and spot ETFs have historically fueled institutional demand, as highlighted in

a Cointelegraph piece

Bitcoin Updates: MSTR's Bitcoin Strategy Faces Market Slump and Political Challenges image 0

Elsewhere, the broader crypto sector continues to face downward pressure. Bitcoin has slipped below $108,000, and alternative coins are finding it difficult to gain momentum. The Altcoin Season Index, which measures how altcoins perform compared to Bitcoin, has dropped to 24, showing that just 25% of altcoins are outperforming BTC, according to the

Altcoin Season Index

. This weakness is due to Bitcoin's prevailing dominance, wary investor attitudes, and regulatory challenges, all of which have dampened enthusiasm for smaller digital assets, Onesafe observes.

In a separate development with political implications, U.S. President Donald Trump's decision to pardon Binance founder Changpeng Zhao has raised questions about possible conflicts of interest. Binance, which acknowledged anti-money laundering lapses in 2023, is associated with

World Liberty Financial

, a crypto initiative linked to the Trump family. Binance supplied the code for World Liberty's

USD1

stablecoin, and a state-backed fund from the UAE invested $2 billion in Binance using USD1, creating a complex financial relationship, according to a

Business Times report

. Trump has come under fire for his family's involvement in World Liberty, which controls 22.5 billion tokens and has generated more than $500 million in revenue.

Although Strategy's Bitcoin approach has sparked debate during market downturns, it has resulted in substantial unrealized profits. Saylor's belief that Bitcoin serves as digital gold has helped position

MSTR

as the top corporate holder of BTC, achieving a 26.1% return so far this year, according to Cryptonews. However, the company's ability to keep making large purchases is now limited by its market cap, which is only slightly above its net asset value.

The short-term outlook for the crypto market remains unclear. Derivatives data indicates growing caution, with open interest in BTC futures falling to $25.3 billion and leveraged bets being reduced after a two-day sell-off, as noted in a

Yahoo Finance report

. Experts such as Ki Young Ju from CryptoQuant believe that Bitcoin's recovery will depend on renewed buying from ETFs and major players like MSTR, as Cointelegraph has reported.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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