Strategy added another $75.3 million worth of Bitcoin to its balance sheet, according to an announcement on Monday by executive chairman Michael Saylor. The purchase lifts the firm’s total Bitcoin holdings to just over $54 billion, accumulated at an average price of $76,052 per coin, reinforcing Strategy’s long-standing conviction despite mounting market pressure.
The buying did not stop there. Other investors also moved in as prices fell, with spot Bitcoin exchange-traded funds attracting $562 million in inflows on Monday, based on data from DefiLlama. The renewed demand comes after Bitcoin has lost more than 15% over the past month, weighed down by growing uncertainty across global markets.
Political and Macro Shocks Add Pressure to Bitcoin
Recent price weakness has unfolded against a backdrop of heightened geopolitical and economic stress. Markets have been rattled by U.S. President Donald Trump’s nomination of Kevin Warsh, a known interest-rate hawk, as the next chair of the Federal Reserve. Additional pressure has come from renewed tariff threats, fatal shootings in Minneapolis, and Trump’s apparent tolerance for a weaker U.S. dollar.
Warsh’s nomination marks a sharp departure from Trump’s previous calls for lower interest rates. A more hawkish Federal Reserve raises the prospect of fewer and slower rate cuts, limiting liquidity across financial markets and reducing support for risk assets such as Bitcoin, equities, and even gold. While Warsh still requires Senate confirmation and policy decisions remain subject to consensus within the Fed, the signal alone has been enough to shift sentiment.
“Investors turned bearish after news about new U.S. Federal Reserve leadership appointments, raising fears that monetary policy could remain tighter for longer,” said Erikka Arone, senior vice president at crypto-trading platform sFOX, in comments to DL News.
Bearish Sentiment Dominates Despite Dip Buying
Bitcoin is now trading roughly 38% below its all-time high and has underperformed traditional assets like stocks and gold since a $1 trillion market wipeout in October. Market participants describe recent trading as particularly brutal, with sharp declines spreading across the broader crypto sector.
“It’s been a bloodbath across crypto markets over the past few days,” said Nick Forster, founder of Derive.xyz, in a note shared with DL News. He added that traders are increasingly positioning for a potential drop toward the $70,000 level, as fear continues to dominate short-term market psychology amid extreme uncertainty.
More pessimistic forecasts are also resurfacing. On Monday, Bloomberg Intelligence strategist Mike McGlone reiterated his long-standing prediction that Bitcoin could eventually fall as low as $10,000, highlighting how divided market expectations remain even as large players continue to buy the dip.
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Hyperscale Data Bitcoin holdings increase to approximately 589 coins, with a market value of $41.4 million