Peter Schiff Surprised by Bitcoin's Resilience as MicroStrategy's Holdings Reach 848,250 BTC
Bitcoin's price stability near $85,000 has surprised Peter Schiff, while MicroStrategy's latest purchase boosts its BTC holdings to a new high.
Bitcoin's price stability near $85,000 has surprised Peter Schiff, while MicroStrategy's latest purchase boosts its BTC holdings to a new high. Bitcoin (BTC) is trading at $83,523.00, up 0.4% since this brief published. This is an original TLT brief synthesising 2 outlets (Brave New Coin, Cointelegraph), plus live market data, as of Tue, 13 Oct 2026 15:15:01 UTC.
MicroStrategy's continued accumulation of Bitcoin highlights growing institutional confidence, while the asset's resilience despite macroeconomic uncertainty underscores its evolving role as a store of value.
- MicroStrategy's Bitcoin holdings now total 848,250 BTC after latest purchase.
- Company maintains $4.88B cash reserve alongside its BTC position.
- Bitcoin price holds steady near $85,000 despite Fed rate concerns.
- Total crypto market cap remains at $2.87T with neutral market sentiment.
Both Brave New Coin and Cointelegraph report that MicroStrategy's Bitcoin holdings have reached 848,250 BTC following its latest purchase. They also agree that the company maintains a $4.88 billion cash reserve. However, Brave New Coin emphasizes Peter Schiff's surprise at Bitcoin's price resilience, while Cointelegraph focuses more on the specifics of MicroStrategy's holdings and its strategic approach.
Bitcoin has shown surprising resilience, holding steady near the $85,000 mark despite renewed concerns over Federal Reserve interest-rate policy. This stability has caught the attention of economist Peter Schiff, who has previously been skeptical of Bitcoin's value proposition.
In a related development, business intelligence firm MicroStrategy, led by CEO Michael Saylor, has expanded its Bitcoin treasury to a new high of 848,250 BTC. This accumulation comes after the company's latest purchase, as it continues to execute its strategy of acquiring and holding Bitcoin as a primary reserve asset.
MicroStrategy's Bitcoin acquisition strategy is further evidenced by its substantial cash reserve of $4.88 billion, as reported by Cointelegraph. This reserve provides the company with flexibility while it continues to build its Bitcoin position.
The broader cryptocurrency market remains relatively stable, with a total market capitalization of $2.87 trillion. Bitcoin's price is currently at $83,195, representing a 24-hour increase of 0.43% and a 7-day decrease of 3.51%. The overall market sentiment, as measured by the Fear & Greed Index, is at 57, indicating a 'Greed' sentiment.
The continued institutional interest in Bitcoin, as demonstrated by MicroStrategy's aggressive accumulation, underscores the asset's growing acceptance as a store of value. This trend, combined with Bitcoin's price resilience, suggests that the cryptocurrency may be establishing a stronger foundation amidst macroeconomic uncertainty.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from $83,195.00 to $83,523.00 — +0.39%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦114.23M (about $83,523.00), up 1.1% over 24 hours. The naira itself trades about 2.7% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 13, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Peter Schiff Surprised by Bitcoin's Resilience as MicroS — questions & answers
How many Bitcoins does MicroStrategy own?
MicroStrategy's Bitcoin holdings total 848,250 BTC after its latest purchase.
What is MicroStrategy's cash reserve?
MicroStrategy maintains a $4.88 billion cash reserve alongside its Bitcoin position.
Why is Peter Schiff surprised by Bitcoin?
Peter Schiff is surprised by Bitcoin's price stability near $85,000 despite concerns over Federal Reserve policy.
How much is 1 Bitcoin worth in naira today?
About ₦114.23M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $83,523.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.39% since this brief first published — trading at $83,523.00 now versus $83,195.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Brave New Coin, Cointelegraph, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.