Crypto Quill

Bitcoin crashed more than 6% in hours and now fights to stay above $86,000, yet the biggest corporate holders in the world are not selling a single coin. Institutional giants keep stacking and moving billions in BTC behind the scenes, sending a clear message: they still bet big on the long-term future of the original cryptocurrency.

Why the Price Just Tanked Hard

Late Sunday night, Bitcoin dropped from $91,200 to under $86,000 in a brutal sell-off that erased weeks of gains in minutes. Traders point to two main triggers.

A surprise exploit hit Yearn Finance, one of the oldest DeFi projects, draining millions and shaking confidence across the sector. At the same time, markets braced for the Federal Reserve meeting this week, with many expecting only a small rate cut or even a pause.

The CNN Fear and Greed Index plunged to 23, a level labeled “extreme fear” that usually marks panic selling among retail investors.

Big companies, however, did not join the panic.

Strategy Raises Bitcoin Holdings to Record 650,000 Coins

Strategy, the business-intelligence firm once called MicroStrategy, shocked the market Monday when co-founder Michael Saylor revealed the company now controls 650,000 BTC, worth roughly $55.9 billion at current prices.

That makes Strategy the largest corporate holder on earth by a massive margin.

Just weeks ago, on-chain data from Arkham Intelligence showed about 435,909 BTC. The jump comes from fresh purchases and large transfers from Coinbase cold storage into new Fidelity custody wallets. Analysts confirmed no coins were sold during the dip; the firm simply moved and consolidated its mountain of Bitcoin.

Strategy now owns more than 3% of all Bitcoin that will ever exist.

Other Giants Stay Rock-Solid

Strategy is not alone. Major players keep their holdings intact.

• Tesla still sits on 11,509 BTC worth almost $1 billion and has made no moves to sell this year.
• Marathon Digital, one of the largest public miners, holds over 28,000 BTC and added to its stack in November.
• Metaplanet, the Japanese firm dubbed “Asia’s MicroStrategy,” bought another 1,039 BTC last week and now owns more than 8,888 coins.

These companies treat Bitcoin as a treasury reserve asset, much like gold or cash. Their refusal to sell during a sharp drop signals strong belief that the price will recover and climb higher over time.

What History Says Happens Next

Extreme fear readings below 25 have appeared only a handful of times in Bitcoin’s history. Each prior instance led to powerful rebounds within months.

In March 2020, the index hit 10 and Bitcoin traded under $5,000; twelve months later it topped $60,000. In June 2022, the index fell to 11 and the price sat near $17,000; by early 2025 it crossed $100,000.

Current on-chain data shows long-term holders adding to positions while short-term speculators dump coins. That pattern often marks local bottoms.

The Road Ahead for Bitcoin Investors

Analysts expect volatility to stay high this week until the Fed speaks. Many believe the Yearn Finance incident will be contained and not spread to major ecosystems.

Yet the biggest story remains unchanged: the largest companies in the world keep buying and holding Bitcoin through the storm. For everyday investors, that vote of confidence from billion-dollar balance sheets may matter more than any short-term chart.

The price can swing wildly day to day, but the giants are playing a much longer game, and right now they show zero signs of folding.