MicroStrategy shares fell more than 7% on Monday, hitting their lowest level since October 2024. The stock is now down 55% from its October 6 peak, marking one of the steepest drawdowns in the company’s history. Despite the decline, the firm continued to expand its Bitcoin holdings, purchasing an additional 130 BTC for $11.7 million.
At the same time, crypto market sentiment strengthened. Binance founder Changpeng Zhao said he expects new all-time highs across major digital assets in the near future, pointing to improving liquidity conditions and renewed institutional engagement. His comments added to a growing chorus of bullish forecasts in the sector.
Grayscale’s latest research also challenges the traditional four-year Bitcoin cycle thesis, arguing that BTC could set new record highs next year as market structure evolves. The firm cites increasing ETF inflows and broader macro adoption as key drivers supporting a sustained uptrend.