Key Insights:
- Strategy adds 10,645 BTC, increasing total holdings to 671,268 BTC.
- CEO says Bitcoin drop is due to tight liquidity, not weak fundamentals.
- Firm continues dollar-cost averaging and raises capital to support BTC strategy.
- MicroStrategy structured as “leveraged Bitcoin” with long-term financial reserves.
Strategy has increased its Bitcoin holdings by over 10,000 BTC, bringing the company’s total to 671,268 BTC. Despite recent market volatility, Strategy continues its long-term strategy without change.
CEO Discusses Market Conditions Amid Bitcoin Acquisition
Strategy purchased 10,645 BTC for about $980.3 million. The firm now owns approximately 3.2% of Bitcoin’s total supply. The average purchase price is around $74,000 per coin. The firm has used capital raises to fund purchases, buying more Bitcoin even during price declines.
WHY MICROSTRATEGY ISN’T FLINCHING AT $85K BITCOIN
MicroStrategy CEO Phong Le says the pullback isn’t a #Bitcoin problem, it’s a liquidity one.
❌ Short term? Risk-off flows, central banks (Fed + BoJ) & tight liquidity
✅ Long term? More bank adoption, nation-state… https://t.co/GMPtgT2VJz pic.twitter.com/U6fehSVBaP
— CryptosRus (@CryptosR_Us) December 16, 2025
Its recent raise totaled $1.44 billion, which will help cover interest and dividends over several years. CEO Phong Le addressed recent Bitcoin price movements, which saw a drop to around $85,000–$87,000, stating that the cause is not related to Bitcoin’s fundamentals.
He added that “It’s not a Bitcoin issue—it’s a liquidity issue,” pointing out to tighter monetary policy from central banks like the Federal Reserve and Bank of Japan.
Long-Term View, Company Position and Financial Structure
Meanwhile, Strategy has not altered its approach, continuing to accumulate Bitcoin despite short-term price fluctuations. The firm uses a strategy based on dollar-cost averaging and periodic capital raises.
Phong Le said he expects a more “dovish Fed” by 2026, which could support risk-on markets, noting potential growth from banks and nation-states adopting Bitcoin.
Strategy is structured to act as a leveraged version of Bitcoin, which increases both potential gains and losses. The company states that it has sufficient reserves to cover its financial obligations for several years.
Even in a 50% Bitcoin drawdown, the firm states its long-term holdings are secure. It has also introduced new products such as perpetual preferred shares with a 10.75% yield. These moves are part of its broader strategy to maintain exposure and offer value to shareholders.
