As a seasoned researcher with a knack for deciphering market trends and a keen interest in cryptocurrencies, I find MicroStrategy’s Bitcoin strategy fascinating. It’s not every day that we see such a commitment to a single asset, especially one as volatile as Bitcoin.
Last week, the corporate Bitcoin investor MicroStrategy continued its active purchasing of Bitcoin (BTC), aligning with the founder’s commitment to acquire more of the digital asset even during high price points.
In a statement made public on December 23rd, MicroStrategy revealed that it purchased approximately 5,262 Bitcoins worth around half a billion dollars (USD 561 million) between December 16th and December 22nd.
Recently, MicroStrategy shelled out approximately $106,662 per Bitcoin, which is the highest price the company has ever spent on a single Bitcoin.
By December 22, 2024, MicroStrategy and its affiliates collectively owned about 444,262 Bitcoins, which they had purchased for a total cost of around $27.7 billion, with an average price per Bitcoin of approximately $62,257.
MicroStrategy slows the pace of BTC buying
Recently, MicroStrategy continued its large-scale Bitcoin purchases, following significant acquisitions made in December. Over the last three weeks, they have acquired a total of 42,162 Bitcoins, currently valued at approximately $4 billion.
Approximately 12% of MicroStrategy’s entire Bitcoin holdings, acquired in December, comes from its most recent purchase.
In simple terms, the most recent acquisition represents the least amount of Bitcoin bought and publicly declared by MicroStrategy since June and July of 2024, during which they purchased 169 Bitcoins.
1) The most recent Bitcoin investment represents a decrease of 191% compared to the amount purchased as announced on December 16, and it’s 309% lower than the previously announced investment on December 9.
Is MicroStrategy heading for a ‘blackout’ in 2025?
The decrease in Bitcoin purchases by MicroStrategy occurred at the same time as BitMEX co-founder Arthur Hayes warned about a possible market decline that could be related to the imminent inauguration of the newly elected President of the United States, Donald Trump.
According to his forecast, Hayes’ investment firm, Maelstrom, intends to sell certain holdings now in anticipation of purchasing them again at reduced prices later on.
Certain analysts have also pointed out a speculative market whisper suggesting that MicroStrategy might observe a holding or trading restriction period starting from January 2025. During this timeframe, they would be prevented from releasing new shares or convertible bonds to acquire additional Bitcoin.
Currently, MicroStrategy’s recent Bitcoin purchase is consistent with its founder, Michael Saylor, stating his intention to keep acquiring Bitcoin, even at high prices that were seen in early December.
With confidence, I anticipate purchasing Bitcoin when each coin is worth a million dollars – likely spending a billion dollars on Bitcoin daily at that price point,” Saylor stated.
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2024-12-23 17:27