Point72 Acquires $65 Million in MicroStrategy Shares

3 mins mins

Key Points:

MicroStrategy shares bought by Steve Cohen’s Point72, valued at $65 million.
Reflects institutional interest in Bitcoin exposure.
MicroStrategy’s Bitcoin holdings strategy central to transaction.

Billionaire Steve Cohen’s Point72 Asset Management has acquired 390,666 shares of MicroStrategy (MSTR), worth approximately $65 million, further indicating institutional interest in Bitcoin via indirect exposure.

This acquisition emphasizes Point72’s increased focus on digital assets, aligning with MicroStrategy’s Bitcoin accumulation strategy, sparking a 3% pre-market rise in MSTR stock.

Point72’s $65M MicroStrategy Stake Signals Bitcoin Bet

Steve Cohen’s Point72 Asset Management acquired a significant stake in MicroStrategy, comprising 390,666 shares valued at $65 million. This acquisition aligns with Point72’s strategic expansion into digital assets. MicroStrategy, rebranding as “Strategy Inc.,” remains the largest Bitcoin Treasury Company, positioning its BTC holdings as the primary reserve asset.

With this purchase, Point72 demonstrates growing confidence in Bitcoin’s potential. This acquisition contributes to MicroStrategy’s vast BTC reserve, currently totaling 660,624 Bitcoin units. As part of its strategy, MicroStrategy continues to acquire Bitcoin, solidifying its role as a key player in the institutional investment community.

Michael Saylor, Founder and Executive Chairman, Strategy Inc., commented: “Establishing a USD Reserve to complement our BTC Reserve marks the next step in our evolution, and we believe it will better position us to navigate short-term market volatility while delivering on our vision of being the world’s leading issuer of Digital Credit,” – source

The market response included a 3% pre-market increase in MicroStrategy’s stock price. However, neither Steve Cohen nor Michael Saylor, MicroStrategy’s Executive Chairman, have made public comments regarding this transaction. The investment has not elicited reactions from major regulatory bodies, maintaining standard oversight practices.

Institutional Investors Eye MicroStrategy as Bitcoin Proxy

Did you know? Point72’s recent increase in MicroStrategy shares from 133,708 to 390,666 reflects a notable trend where institutional investors use stock as a surrogate for direct Bitcoin investments, especially during volatile market periods.

Bitcoin’s current market standing includes a price of $85,997.78 and a market cap of $1.72 trillion, with a 59.07% market dominance according to CoinMarketCap. The recent 24-hour trading volume stands at $43.58 billion, reflecting a -2.51% change. Over the past 90 days, Bitcoin has experienced a -26.93% price reduction.

bitcoin-daily-chart-5084 — Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 20:42 UTC on December 17, 2025. *Source: CoinMarketCap*

The Coincu research team indicates that Point72’s stock acquisition in MicroStrategy may stimulate broader institutional interest in Bitcoin. Given MicroStrategy’s 660,624 BTC holdings, similar trades could leverage stock valuations amidst volatile cryptocurrency markets.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.