MicroStrategy, a well-known corporate Bitcoin investor, recently acquired 5,262 Bitcoin. Between December 16 and December 22, the company invested nearly $561 million, paying an average of $106,662 per Bitcoin, its highest price to date. This takes MicroStrategy’s total Bitcoin holdings to 444,262 BTC, purchased at an average cost of $62,257 per coin.
The acquisition is consistent with the objective of MicroStrategy’s founder, Michael Saylor, who has repeatedly committed to amassing Bitcoin regardless of market conditions. However, this acquisition indicates a significant downturn in the company’s purchasing activity. It makes up only 12% of the total Bitcoin the corporation acquired in December, when it added over 42,000 BTC to its reserves.
This recent purchase is also the smallest since mid-2024, creating concerns about the company’s future purchasing plan. There has been speculation regarding a potential “blackout” period in January 2025, which might prevent additional purchases through the issue of shares or bonds.
The purchase comes amid broader market uncertainty, including projections of significant price drops. Industry experts, like BitMEX co-founder Arthur Hayes, have warned of potential price drops in Bitcoin, pointing to greater purchasing opportunities in the near future. Despite these worries, Michael Saylor remains bullish on Bitcoin’s long-term worth and continues to position MicroStrategy as a major player in the cryptocurrency business.
As the market constantly monitors MicroStrategy’s moves, the company’s strategy provides important insights regarding institutional attitudes toward Bitcoin amid a period of increased volatility.
