{"id":450,"date":"2026-06-08T18:12:36","date_gmt":"2026-06-08T18:12:36","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=450"},"modified":"2026-06-08T18:12:36","modified_gmt":"2026-06-08T18:12:36","slug":"billionaire-saylors-strategy-buys-bitcoin-worth-101-million-after-earlier-sale-sparked-sell-off","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=450","title":{"rendered":"Billionaire Saylor\u2019s Strategy Buys Bitcoin Worth $101 Million\u2014After Earlier Sale Sparked Sell-Off"},"content":{"rendered":"
\n

big number<\/h2>\n

845,256. That\u2019s Strategy\u2019s total bitcoin holdings, aggregated at a market value of $63.9 billion, or about $75,680 per token, according to Strategy\u2019s disclosure. <\/p>\n

Read more Sam Bankman-Fried\u2014Serving 25 Years For Fraud\u2014Formally Applies For Trump Pardon<\/a><\/p>\n

tangent<\/h2>\n

Cardano\u2019s ADA token, once the world\u2019s third-largest cryptocurrency behind bitcoin and ethereum, dropped to a low of just under $0.16 on Monday, its lowest level since December 2020. That extended a more than 26% decline for the token over the last week, following the cancellation<\/u> of Cardano\u2019s flagship summit. <\/p>\n

key background<\/h2>\n

Broader pessimism spread across the crypto market following Strategy\u2019s latest bitcoin sale, erasing the record-setting surge for the world\u2019s largest cryptocurrency that followed the 2024 presidential election. President Donald Trump\u2019s push for the U.S. to become the \u201ccrypto capital of the world\u201d fueled demand and optimism for the crypto market, with promises of pro-crypto legislation pushing bitcoin above $120,000 by July 2025, and then to $122,000 just days later. Bitcoin\u2019s value has steadily declined since hitting a peak in October 2025, following waning demand for spot bitcoin ETFs and lower odds of interest rate cuts. A hotter-than-expected labor market report last week further increased betting odds of an interest rate hike, aiding in bitcoin\u2019s sell-off.<\/p>\n

Read more Airlines Take 50% Profit Hit Due To $100 Billion Jet Fuel Increase<\/a><\/p>\n

orbes valuation<\/h2>\n

Saylor, who founded Strategy, then known as MicroStrategy, in 1989, has an estimated net worth of $3.8 billion<\/u> as of Monday. His fortune plummeted during the dot-com crash, but Strategy\u2019s bitcoin investments made Saylor a billionaire once again, as Saylor has directed his firm to shift its corporate coffers into bitcoin.<\/p>\n

Read more Prices Suddenly Drop 50% For Knicks-Spurs NBA Finals Game 3 In New York<\/a><\/p>\n

<\/div>\n

further reading<\/h2>\n

Forbes<\/span>Bitcoin Falls Below $60,000\u2014Erasing Trump-Fueled Rally<\/span>By Ty Roush<\/span><\/small><\/span><\/span>Forbes<\/span>Cardano\u2014Once The Third-Largest Cryptocurrency\u2014Hits 6-Year Low: Here\u2019s Why<\/span>By Ty Roush<\/span><\/small><\/span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price recently dropped under $60,000 for the first time since 2024.<\/p>\n","protected":false},"author":1,"featured_media":449,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nBillionaire Saylor\u2019s Strategy Buys Bitcoin Worth $101 Million\u2014After Earlier Sale Sparked Sell-Off - Coast to Coast Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coasttocoastmoverss.com\/?p=450\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Billionaire Saylor\u2019s Strategy Buys Bitcoin Worth $101 Million\u2014After Earlier Sale Sparked Sell-Off - 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