Hassan Maishera
TL;DR
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Bitcoin is down 3% in the last 24 hours and is now trading below $110k.
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Michael Saylor’s Strategy has purchased another 3,081 bitcoins for $356 million.
BTC Dips Below $110k
The cryptocurrency market has continued its bearish price action as BTC, ETH, and other leading cryptocurrencies are currently in the red. Bitcoin has lost 3.5% of its value in the last 24 hours and is now trading below $110k.
At press time, BTC is trading at $109,600 and could drop further if the bearish trend continues. The negative performance comes despite Michael Saylor’s Strategy adding over 3k bitcoins to its treasury.
Strategy has acquired 3,081 BTC for ~$356.9 million at ~$115,829 per bitcoin and has achieved BTC Yield of 25.4% YTD 2025. As of 8/24/2025, we hodl 632,457 $BTC acquired for ~$46.50 billion at ~$73,527 per bitcoin. $MSTR $STRC $STRK $STRF $STRD https://t.co/KCrM0ffClo
— Michael Saylor (@saylor) August 25, 2025
The company announced on Monday that it had purchased 3,081 coins for $356.9 million, or an average price of $115,829 each. The company's holdings are now 632,457 BTC acquired for $46.5 billion, or an average price of $73,527 each.
Strategy’s recent acquisitions were mostly funded via sales of common stock, from which the company raised $300.9 million. Modest sales of three of the four MSTR preferred stock issues accounted for the rest of the funding.
With the ongoing bearish performance, Bitcoin has reversed the gains recorded on Friday following Powell’s speech. YouHodler’s Ruslan told Cryptowisser in an email that the probability of a 25bp cut is rising, even in the context of persistent inflation, largely because the policy rate currently stands well above both the inflation rate and the 2-year Treasury yield. He added that,
“A 25bp cut would generally be supportive for risk assets, including Bitcoin, as it signals a more accommodative policy stance. In the near term, I expect such a move to provide a tailwind for crypto markets. However, the broader trajectory will still depend on the macro backdrop.”
According to the analyst, if inflationary pressures persist, the Fed may be forced into another prolonged pause, limiting the sustained impact of a single cut. Moreover, if a rate reduction is perceived as an emergency response to a recession, it could weigh on crypto alongside other risk assets. The best scenario would be a cut as part of a successful Fed effort to engineer a soft landing; In that environment, Bitcoin is likely to capture the bulk of institutional inflows, given its position as the most established digital asset.
