MicroStrategy, the prominent corporate Bitcoin investor, has continued its strategy of aggressively expanding its cryptocurrency holdings, as per its founder’s commitment to acquiring Bitcoin even at premium prices.
Between December 16 and 22, the firm purchased 5,262 BTC, investing approximately $561 million, according to an official announcement made on December 23. This acquisition reflects the highest average price the company has ever paid for Bitcoin, at roughly $106,662 per coin.
By December 22, 2024, MicroStrategy and its subsidiaries collectively held 444,262 BTC, obtained at a total cost of $27.7 billion, averaging $62,257 per Bitcoin.
MicroStrategy’s Slower Buying Pace in December
The company’s most recent Bitcoin acquisition follows a streak of significant purchases throughout December. Over the past three weeks, MicroStrategy acquired a total of 42,162 BTC, currently valued at around $4 billion.
However, this latest transaction represents only about 12% of the total Bitcoin the company acquired during the month. The December 22 purchase also marks the smallest BTC acquisition announced by MicroStrategy since mid-2024, when the company added just 169 BTC during June and July.
The most recent purchase is a significant reduction compared to prior transactions, with a 191% decrease from the amount bought on December 16 and a 309% drop from the amount announced on December 9.
What Lies Ahead for MicroStrategy in 2025?
MicroStrategy’s reduced pace of Bitcoin acquisitions coincides with cautionary market sentiment voiced by Arthur Hayes, the co-founder of BitMEX. Hayes has warned of a potential market correction linked to the inauguration of U.S. President-elect Donald Trump. His investment fund, Maelstrom, has reportedly adjusted its positions in anticipation of potentially lower prices.
Adding to the speculation, rumors have circulated that MicroStrategy may pause Bitcoin purchases in January 2025 due to a potential blackout period. Such a move could limit the firm’s ability to issue shares or convertible bonds to finance further Bitcoin acquisitions.
Despite these concerns, MicroStrategy’s founder Michael Saylor has reiterated his long-term commitment to accumulating Bitcoin, even as prices climb. Earlier this month, Saylor stated his intent to continue buying the cryptocurrency regardless of price levels.
“I’m confident that I’ll be purchasing Bitcoin at $1 million per coin—potentially investing $1 billion daily at those price levels,” he said.
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