TradFi Dumps MSTR Stock on Saylor Following 100M Bid
Michael Saylor invested an additional $100M in Bitcoin, and this action seems to have unsettled the markets, resulting in a sell-off of MSTR stock.
MicroStrategy (MSTR), the software company concentrating on Bitcoin now identified as “Strategy,” saw its shares decline on Monday, September 22, despite the firm announcing another significant BTC acquisition.
The company reported that it purchased 850 BTC between September 15 and 21 for approximately $99.7M at an average price of $117,344.
Strategy has acquired 850 Bitcoin for ~$99.7 million at ~$117,344 per BTC and has achieved BTC Yield of 26.0% YTD 2025. As of 9/21/2025, we long-term holding 639,835 $BTC acquired for ~$47.33 billion at ~$73,971 per Bitcoin. $MSTR $STRC $STRK $STRF $STRD https://t.co/rG5pvryeYL
— Michael Saylor (@saylor) September 22, 2025
What’s Causing MSTR Stock to Underperform BTC Despite Recent Purchases?
With this latest acquisition, Strategy’s total BTC holding reached 639,835 BTC, purchased for around $47.33Bn at an average price of $73,971 per coin. At the current prices, these holdings are estimated to be worth about $72Bn.
To facilitate this acquisition, the firm utilized its capital-raising initiatives, securing approximately $19M from its STRF preferred stock and over $80M through its MSTR at-the-market stock sale. This influx of token supply into the market can negatively impact the share price due to dilution.
MicroStrategy’s stock has been fluctuating cautiously following weeks of inconsistent trading. The four-hour chart indicates that momentum has diminished since the mid-July peak, with the share price experiencing a downturn through August and dropping below significant moving averages.
(Source: MSTR Stock, TradingView)
Buyers attempted to initiate a recovery in early September, temporarily pushing the stock closer to the $350 mark.
This rebound faced price ceiling around the 50-period EMA at $344 and the 100-period EMA near $357. The MSTR price edged above both averages but quickly retreated to $336, indicating ongoing seller activity.
This unsuccessful breakout reinforces the overarching bearish trend that has been evident since late July, characterized by sequentially lower highs and lower lows.
Currently, price floor levels are around $330, while price ceiling is found within the narrow $344-$357 range. Traders are keen to see if the stock can maintain levels above $336 and aim higher once again.
A decisive move above $357 could redirect attention to $370, providing bulls the opportunity to recuperate. If not, selling pressure may return, with the $320 region back in view.
Trading volume surged during the decline, indicating intensified selling activity.
Data from CoinGlass also highlights strain in the derivatives markets, showcasing fresh rounds of long liquidations in August and September.
The latest surge coincided with the significant decline in MSTR stock, emphasizing the price swings tied to Saylor’s Bitcoin-centered strategy.
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BTC Price Outlook: What If BTC Drops Below $110K?
Bitcoin price (BTC USD) is currently hovering near $112,400 after retreating from the recent highs, inching closer to the critical $110,000 price floor level.
Analyst Crypto Tony shared on X that he anticipates a small bounce before a drop into this price floor, followed by a more prominent surge toward the $120k-$126k range.
Plan of action on #Bitcoin. Small bull run, sell-off then another big bull run to come pic.twitter.com/OJSIqIPyH4
— Crypto Tony (@CryptoTony__) September 22, 2025
Since July, BTC has been fluctuating within a broad $110k-$122k range. Sellers have consistently rejected prices close to $116k-$118k, while buyers have intervened to protect lower support levels.
The $110k threshold is crucial. A breach below could reset market positioning before any renewed price breakout.
On the barrier level front, challenges lie in the $114k-$116k range, with more pronounced barriers at $118k-$120k. A breakthrough above these levels would solidify the uptrend perspective.
However, if the $110k support fails, BTC may face a decline toward the $108k-$105k range.
Traders are watching to see if Bitcoin can produce higher lows following its base test. A positive rebound from base level could pave the way for a surge into the mid-$120k area in the coming weeks.
Read More: Will Traditional Finance Bring Down BTC USD Volatility? Insights from Forex?
The post TradFi Sells Off MSTR Stock Following Saylor’s $100M Investment first appeared on 99Bitcoins.
