The trading platform and the bitcoin-buying vehicle were among crypto-sensitive stocks climbing in premarket trading. On Sunday, President Trump revived

MicroStrategy Chairman Michael Saylor reassured investors, claiming Bitcoin could never drop to $1, and if it did, he would buy it all.

The company, which is changing its name to Strategy, has been buying bitcoin for its balance sheet over the past several years.

Bitget CEO Gracy Chen calls MicroStrategy a “massive whale,” noting its Bitcoin holdings now exceed 2% of total supply.

MicroStrategy’s past bond success is unlikely to repeat. See why MSTR stock is risky and less efficient for Bitcoin exposure compared to other options.

The bitcoin play has fallen below a key support zone to trade at the lowest prices seen since before President Trump’s election win.

Strategy, the self-styled Bitcoin treasury company that until recently was known as MicroStrategy, said it acquired $1.99 billion more of the cryptocurrency with the proceeds from last week’s convertible bond sale.

The company, formerly known as MicroStrategy, has been buying bitcoin for its balance sheet over the past several years.

Key Takeaways Shares of Strategy, formerly known as MicroStrategy and one of the world's largest holders of bitcoin, have fallen sharply this month as the digital currency has slumped.The stock broke down below a three-month descending triangle this week on increasing volume,

Bitcoin's recent price slide has reignited liquidation questions around Strategy, best known for serving as a Bitcoin treasury company.