Michael Saylor, executive chairman of Strategy (MSTR), hinted on X that the company is set to complete its 100th Bitcoin purchase on Monday, calling it “The Orange Century.” MSTR shares fell as much as 3.75% on Sunday night, while retail sentiment shifted from neutral to bearish on Stocktwits.

Bitcoin Dips Below $65K

Bitcoin slipped below $65,000, dropping as low as $64,200 before recovering to around $64,980. The 24-hour decline of 4.5% comes amid broader market weakness following President Donald Trump’s 15% tariff announcement, despite the Supreme Court previously striking down earlier import taxes. Retail sentiment for BTC also turned bearish.

MSTR’s Bitcoin Holdings Under Pressure

• Strategy holds 717,131 BTC in its treasury, valued at roughly $46 billion at current prices.
• Average purchase price is over $76,000 per BTC, leaving the company with an unrealized loss of ~14.65%.
• CEO Phong Le stated that MSTR can withstand BTC falling to $8,000, though critics warn this could still result in tens of billions in paper losses.

Investor Sentiment & Risks

• Retail investors on Stocktwits predict further downside in MSTR’s stock.
• Some suggest investing in gold is safer amid geopolitical tensions.
• Michael Burry warns that if Bitcoin falls to $50,000, companies heavily holding BTC like Strategy could enter a “death spiral.”

Performance So Far:

• MSTR stock: -15% YTD
• Bitcoin: -26% YTD

This shows the growing tension between Strategy’s heavy BTC holdings and market volatility, with investors cautious about further declines.