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MicroStrategy’s latest Bitcoin buy has quickly come under scrutiny. Just one day after the firm disclosed a major purchase, Bitcoin fell sharply.
On December 14, MicroStrategy announced it had acquired 10,645 BTC for roughly $980.3 million, paying an average price of $92,098 per coin. At the time, Bitcoin was trading near local highs.
A Poorly Timed Buy, At Least in the Short Term
The timing was unfortunate. Only a day after Strategy’s reported purchase, Bitcoin had dropped toward the $85,000 range, briefly trading even lower. At the time of writing BTC remains below $80,000.
Bitcoin’s decline came amid a broader macro-driven sell-off, fueled by Bank of Japan rate-hike fears, leverage liquidations, and market-maker de-risking. MicroStrategy’s purchase landed just ahead of that cascade.
As Bitcoin slid, MicroStrategy shares fell sharply. Over the past five trading days, the stock dropped more than 25%, significantly underperforming Bitcoin itself.
While shares saw a modest rebound today, they remain far below levels seen before the purchase announcement.
As of now, MicroStrategy holds 671,268 BTC, acquired for approximately $50.33 billion at an average price of $74,972 per coin.
On a long-term basis, the firm remains deeply in profit.
However, short-term optics matter. With Bitcoin near $85,000, the latest tranche is already underwater on paper.
MicroStrategy’s mNAV currently sits around 1.11, meaning the stock trades only about 11% above the value of its Bitcoin holdings. That premium has compressed rapidly as Bitcoin fell and equity investors reassessed risk.
Investors are not questioning MicroStrategy’s Bitcoin thesis. They are questioning timing and risk management.
The macro risks that triggered Bitcoin’s drop were well telegraphed. Markets had been warning about the Bank of Japan’s potential rate hike and the threat to the yen carry trade for weeks.
Bitcoin has historically sold off aggressively around BOJ tightening cycles. This time was no different.
Critics argue MicroStrategy failed to wait for macro clarity. The firm appeared to buy aggressively near resistance, just as global liquidity conditions tightened.
Was It Actually a Mistake?
That depends on the timeframe.
From a trading perspective, the purchase looks poorly timed. Bitcoin fell immediately, and the stock suffered amplified losses due to leverage, sentiment, and shrinking NAV premium.
From a strategy perspective, MicroStrategy has never aimed to time bottoms. The company continues to frame its purchases around long-term accumulation, not short-term price optimization.
CEO Michael Saylor has repeatedly argued that owning more Bitcoin matters more than entry precision.
The real risk is not the purchase itself. It is what happens next.
If Bitcoin stabilizes and macro pressure eases, MicroStrategy’s latest buy will fade into its long-term cost basis. If Bitcoin drops further, however, the decision will remain a focal point for critics.
MicroStrategy may not have made the worst Bitcoin purchase of 2025. But it may have made the most uncomfortable one.
#BTC #ETFs

The Holiday Season is near its peak as Christmas is about two weeks away, and naturally, this bullish moment will likely drive crypto assets’ value higher. Many crypto tokens are also nearing their peak and could reach it in this duration.
In line with the same, BeInCrypto has analysed three such altcoins which could hit new all-time highs before Christmas 2025.
Rain (RAIN)
RAIN is trading at $0.0075, sitting 14.3% below its all-time high of $0.0086. The token will likely need stronger support from the broader market to retest this peak, as recent momentum alone may not be sufficient to trigger a decisive breakout.
The Parabolic SAR indicates an active uptrend, signaling that bullish momentum is building. If RAIN can breach $0.0079 and flip it into support, it could accelerate buying interest and push the price toward its all-time high.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
However, if investors take profits or market conditions weaken, RAIN could slip through the $0.0074 support. A breakdown below this level may send the price to $0.0068 or lower. This would invalidate the bullish thesis and stall recovery efforts.
Undead Games (UDS)
UDS is trading at $2.54, positioned just below the $2.59 resistance level. The altcoin remains 35.6% below its all-time high of $3.44. This leaves considerable ground to cover before a full recovery can take shape.
The Ichimoku Cloud signals strengthening bullish momentum, suggesting the UDS could break above $2.59 soon. A successful move past this barrier may push the price to $2.73 and set up a climb toward the psychological $3.00 mark if broader market conditions remain supportive.
However, if bearish pressure returns, UDS could fall through the $2.48 support level. Losing this floor may send the altcoin toward $2.29, and a further drop to $2.12 would invalidate the bullish thesis and weaken recovery prospects.
Monero (XMR)
XMR is trading at $397, holding above the $387 support while pushing toward the $417 resistance. The privacy token sits 18.4% below its all-time high of $471, leaving room for a potential upward move if market conditions strengthen.
The strongest catalyst for Monero is the sharp rise in capital inflows. The Chaikin Money Flow shows a steep uptick, signaling renewed investor confidence. This bullish shift could propel XMR past the $417 barrier and toward the $450 resistance. A breakout above that level may set up a full retest of the $471 ATH.
However, if momentum weakens or holders begin selling, XMR could slip below $387. Losing that support may trigger a decline toward $361 or lower. This would invalidate the bullish thesis and delay any attempt at reclaiming previous highs.
#XMR