Once the stormy market waters calmed, Michael Saylor’s MicroStrategy nosedived back into Bitcoin (BTC). This time, the American tech giant acquired 10,624 BTC once Bitcoin’s price bounced off from the $85K support level to restore $90K.
However, popular crypto industry figures weren’t impressed by Bitcoin’s (BTC) price movement after this supposedly-bullish deed. Andrew Tate, the kickboxing champion & known social media influencer, asked this question on his X profile: “I’m huge on BTC but micro strat buy 10k btc ina single day and the price doesn’t move”, urging his audience to explain this.
CZ Solves The Bitcoin Riddle For Andrew Tate
Soon enough, Binance’s co-founder Changpeng ‘CZ’ Zhao chimed in to offer his reasoning behind the lack of action in Bitcoin’s price. CZ blatantly explained that MicroStrategy’s latest BTC acquisition takes up just 1/2000, or 0.05%, of the market capitalization. This rarely brings up instant price appreciation, as Bitcoin is a liquid asset with a market cap of $1.85 trillion.
Paying the approximate price of $90.6K during the early December purchase of 10,624 Bitcoins, Saylor’s crew is slightly up on the latest buy as Bitcoin’s (BTC) price hovers around $92K. This brings the cumulative reserve to 660,624 Bitcoins for MicroStrategy (MSTR), accounting for roughly 3% of all Bitcoin’s supply, capped at 21 million.
Perhaps moving these $60 billion in the apex crypto assets could move markets, but Michael Saylor has repeatedly confirmed no intentions to sell. At an average all-time price of $74,796, MicroStrategy is up on their Bitcoin (BTC) reserves, netting $11,428,549,264 since 2020, according to real-time data from Michael Saylor Tracker.
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Andrew Tate posted on X asking why MicroStrategy’s purchase of over 10,600 BTC (~$1B in one day) barely moved Bitcoin’s price at all.
CZ explained that $1B is only about 1/2000th of Bitcoin’s total market cap and ~0.05% of circulating supply & with the traders executing it over-the-counter (OTC) it never hit public order books in the first place.
Large institutional buys like MicroStrategy’s are handled privately through OTC desks that match buyers and sellers off-exchange, absorbing the volume without creating big green candles on retail charts.
After the latest buy, MicroStrategy holds over 660,000 BTC, worth roughly $65–70 billion at current prices, making it the largest corporate holder by far.
Most praised CZ for the calm, educational response; many said it was a perfect “welcome to real markets” moment for Tate and newer investors who still expect every big buy to send price vertical instantly.
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