Bitcoin tumbled below $89,000 for the first time in three months on Feb. 25, triggering a wave of bearish sentiment across the market.
As prices dipped by over 7%, MicroStrategy, now known as Strategy, Executive Chairman Michael Saylor hinted at another Bitcoin buying spree.
"Bitcoin on sale," Saylor posted on X (formerly Twitter), suggesting he sees the price drop as a buying opportunity.
Gold advocate and long-time Bitcoin critic Peter Schiff quickly responded with skepticism.
"Next comes the fire sale. If you're going to gamble on Bitcoin, you may as well hold out for that," Schiff wrote.
Eric Trump, son of U.S. President Donald Trump,
weighed
in on the latest Bitcoin crash with a message: "Buy the dips!!!"
Samson Mow, CEO of Jan3 wants Saylor to buy the dip. "Saylor really should keep a few billion aside just to buy the dips,” he
tweeted
.
Strategy keeps buying Bitcoin
Strategy, has been aggressively acquiring Bitcoin for years. On Monday, the firm announced a $2 billion Bitcoin purchase , adding 20,365 BTC at an average price of $97,514 per coin.
The purchase was expected after the company revealed plans to raise money through zero-coupon convertible bonds, aiming to buy more Bitcoin as part of its "21/21" plan — a strategy to accumulate $42 billion worth of Bitcoin over the next three years.
Following the latest buy, Strategy now holds 499,096 BTC, worth $47 billion at current prices. That accounts for nearly 2.4% of Bitcoin’s total supply, making it the largest corporate Bitcoin holder by a wide margin.
Market jitters and fear spiking
Bitcoin’s sudden price drop reflects a broader sell-off in the crypto market.
Ethereum (ETH) plummeted 10.5%, trading at $2,388, Solana (SOL) crashed 13% to $137.87. Bitcoin’s market capitalization fell to $1.76 trillion.
The Crypto Fear and Greed Index, which gauges investor sentiment based on social media activity, volatility, and price trends, hit 25, signaling extreme fear.