MicroStrategy announced another Bitcoin purchase on February 2nd. The company acquired 855 BTC for approximately $75.3 million. MicroStrategy's stock price fell despite the announcement. Volatility in the cryptocurrency market overshadowed the acquisition. Bitcoin's dipping price pressured MicroStrategy's extensive holdings.
The market reacted negatively due to several factors. The 855 BTC purchase was small relative to the company's total treasury. This represented only a minor change in shareholder valuation. Concerns also arose regarding potential shareholder dilution. MicroStrategy sold shares to fund the acquisition.
The stock decline proved significant. One report on February 3rd noted it was the worst performer in the Nasdaq 100 in 2025. This followed an 8% drop the previous day. Bitcoin's price had fallen below the company’s average acquisition cost. This highlights the strong correlation between MicroStrategy's stock performance and the price of Bitcoin.