Michael Saylor

Analysts from Bitcoin For Corporations (BFC) are accusing JP Morgan Chase of orchestrating the October 10, 2025, crypto market crash, alleging the bank strategically resurfaced a 42-day-old internal investor note to reignite fears around MicroStrategy.

Michael Saylor’s company has seen big losses as Bitcoin falls below $90,000, leaving around 40% of its holdings unprofitable. Recent purchases above current market prices have added nearly $100 million in unrealised losses, putting pressure on the company’s stock and strategy.

Peter Schiff criticised Michael Saylor and Strategy, calling their Bitcoin-focused business model a “fraud” and challenging Saylor to a debate. The attack comes as Bitcoin fell below $99,000 and Strategy’s stock dropped over 50% since July, while gold remains strong above $4,000 an ounce.

Bitcoin fell back to its end-2024 price as traders pulled away from risky assets and ETF outflows picked up. The drop followed fading excitement over the Trump administration’s crypto stance and rising fears across global markets.

Michael Saylor continues his unwavering focus on Bitcoin as his company, Strategy, has filed for an initial public offering (IPO) of shares denominated in euros. The move marks a significant shift in direction for the company, designed to raise funds specifically for purchasing more Bitcoin while expanding into new capital markets.

US lawmakers are meeting with crypto leaders to discuss a bill that would let the government buy one million Bitcoin over five years. The plan aims to build a strategic Bitcoin reserve using budget-neutral funding, but it needs wider political support to move forward.

Fundstrat’s Tom Lee said Ethereum may have reached its lowest point “within hours” as the crypto market began to recover. He highlighted that ETH’s current setup offers a strong risk-to-reward scenario, with a potential rebound to $5,100–$5,450 if the trend holds.

Strategy now holds over 600,000 Bitcoin worth nearly $71 billion, making it one of the biggest corporate treasuries in the US. Its chairman, Michael Saylor, has hinted at another large Bitcoin purchase with a cryptic post online.

Strategy, led by Michael Saylor, is using AI to design new financial tools and raise $84 billion to buy more Bitcoin. The firm now holds over $52 billion in Bitcoin and has launched an AI-built platform called Mosaic to help businesses manage their data.

Bitcoin’s price jumped above $84,000, and signs suggest Strategy may have resumed buying after a brief pause. The company now holds nearly 3% of all Bitcoin, and its investment is up around 24% despite recent market volatility.