25.02.2025 19:12
As Bitcoin fell below $87,000, Strategy made a new purchase of $2 billion. Following this move by Strategy, which increased its Bitcoin holdings, the words of Eric Trump, the son of former U.S. President Donald Trump, drew attention.
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The price of Bitcoin fell below $87,000 for the first time in three months, causing turmoil in the crypto markets. The world's largest institutional Bitcoin investor, Strategy, made a new purchase of $2 billion in response to this decline, bringing its total to 499,000 BTC. While fear dominates the market, Strategy's CEO Michael Saylor's statement that "Bitcoin is on sale right now" indicates that the drop is seen as an opportunity by some large investors. This statement was supported by Eric Trump, the son of U.S. President Donald Trump.
Institutional Investors See Bitcoin's Sharp Drop as an Opportunity
On February 25, Bitcoin fell below $87,000, the lowest level in the last three months. This decline triggered a general downward trend in the cryptocurrency markets. The world's largest cryptocurrency lost more than 7% of its value during the day.
Michael Saylor, CEO of Strategy (formerly MicroStrategy), viewed the decline as a buying opportunity and stated on his social media account that "Bitcoin is on sale right now."
Peter Schiff, known for his skeptical stance towards Bitcoin and advocating for gold investment, stated that he does not share Saylor's optimistic approach. Schiff said, "The real big wave of selling has not yet started. If you are considering investing in Bitcoin, it would be wise to wait a little longer."
Eric Trump, the son of U.S. President Donald Trump, also supported the markets by sharing a message on social media saying, "Buy the dips!!!"
Samson Mow, CEO of Jan3, supported Saylor's strategy, commenting that "Saylor needs to set aside a few billion dollars to take advantage of these dips."
Strategy has been following a very aggressive Bitcoin buying policy recently. The company announced on Monday that it purchased 20,365 BTC for a total value of $2 billion, paying an average of $97,514 per Bitcoin. This purchase was part of the company's "21/21" plan, which aims to accumulate $42 billion worth of Bitcoin by raising funds through convertible zero-coupon bonds over the next three years.
With this latest purchase, Strategy's total Bitcoin holdings reached 499,096 BTC. This amount is worth approximately $47 billion at current market prices and constitutes about 2.4% of Bitcoin's total supply. These figures position Strategy as the world's largest institutional Bitcoin holder.
The sharp drop in Bitcoin has also affected other cryptocurrencies. Ethereum (ETH) fell by 10.5% to $2,388, while Solana (SOL) lost 13% of its value, dropping to $137.87. Bitcoin's total market capitalization also declined to $1.76 trillion.
The Crypto Fear and Greed Index, reflecting the atmosphere of fear in the market, shows a level of "extreme fear" with a score of 25 when social media activity, price fluctuations, and current trends are evaluated.
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