In the market downturn, MicroStrategy continues to increase its Bitcoin Holdings to 650,000 coins.

Source: DecenterKorea Original Title: Even in a Bear Market… Strategy Bought Again, Securing 650,000 Bitcoins [Decenter Market Report] Original Link:

On December 2nd at 8 AM, according to Bithumb data, BTC increased by 0.81% compared to the previous day, priced at 129.7 million Korean Won.

MicroStrategy, which focuses on purchasing Bitcoin, has garnered significant attention due to its large cash reserves and additional purchasing initiatives. Against the backdrop of increased short-term market volatility, the company's Bitcoin holdings have reached 650,000 coins.

According to data from the global virtual asset market tracking website CoinMarketCap at 8 AM on December 2, BTC fell by 5% compared to the previous day, priced at 86694.20 USD. Major altcoins experienced larger declines. Ethereum ( ETH ) dropped by 7.59% to 2802.23 USD; XRP fell by 7.02% to 2.037 USD; BNB decreased by 6.68% to 828.64 USD; Solana ( SOL ) dropped by 7.59% to 127.13 USD.

The domestic market is showing a mixed trend. At the same time, Bithumb data shows that BTC has increased by 0.81% to 129.7 million KRW; ETH has decreased by 0.59% to 4.194 million KRW; XRP has increased by 0.23% to 3049 KRW; and SOL has increased by 0.69% to 190.1 thousand KRW.

MicroStrategy announced on December 1 that it purchased 130 bitcoins at an average price of approximately $89,960 each, totaling $11.7 million. After this purchase, as of the end of November, MicroStrategy's total BTC holdings reached 650,000 coins. The value of the holdings is $48.38 billion, with an average purchase price of $74,436.

The market reacted unexpectedly. Previously, MicroStrategy founder Michael Saylor posted on the X platform on November 30, “What if we start adding green dots?”, which was interpreted as a potential selling signal. The founder has been posting charts marked with “orange dots” every Sunday for the past year, and then buying BTC the following day. Orange dots are seen as buying signals, while the opposite “green dots” are interpreted by the market as signals of potential selling.

On the same day, MicroStrategy also announced liquidity support measures. The company raised $1.44 billion in cash reserves through the sale of Class A common stock on the market (USD Reserve). This was done by issuing new common stock, and the reserves will become the primary source for payments of preferred stock, debt, and common stock dividends.

The reserve scale accounts for 2.2% of MicroStrategy's enterprise value, 2.8% of its own capital, and 2.4% of the BTC value. The company stated that “it will meet at least 12 months of dividend payments, with the ultimate goal of achieving reserves for more than 24 months.”

The founder of Saylor stated: “The company's next phase will be to use BTC holdings combined with dollar reserves as a means to respond to short-term market fluctuations.” MicroStrategy CEO ( and President Phong Le ) emphasized that “650,000 BTC accounts for approximately 3.1% of the global supply of 21 million coins.”

According to the Fear and Greed Index from the virtual asset data analysis company Alternative.me, it has dropped 4 points to 24 points compared to the previous day, indicating an “extreme fear” state. The closer the index is to 0, the more pessimistic the investment sentiment, while the closer it is to 100, the more overheated the market.