 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
MicroStrategy’s Executive Chairman Michael Saylor has stirred the crypto community with his latest post on X, If you are not buying bitcoin at the top
MicroStrategy has acquired an additional 5,262 BTC for approximately $561 million, expanding its Bitcoin (CRYPTO: BTC) stash for a seventh consecutive week.
The statement comes after the business intelligence firm's latest crypto purchase.
According to a Friday filing with the Securities and Exchange Commission, the recent purchase brings MicroStrategy's total Bitcoin holdings to 132,500 BTC, acquired at an aggregate cost of $4.22 billion.
At current market prices, the holdings are valued at $42.2 billion, with an average acquisition cost of $62,257 per Bitcoin.
If you are not buying bitcoin at the top, you are leaving money on the table.
— Michael Saylor⚡️ (@saylor) December 23, 2024
The acquisition coincides with MicroStrategy's debut as a member of the Nasdaq 100 equity index, with its share price remaining relatively stable in pre-market trading at over $364.2.
The latest purchase comes as BTC trades at around $93,882, having dropped significantly last week.
The downturn was sparked by Federal Reserve Chairman Jerome Powell's remarks on interest rate cuts.
As Christmas approaches, the crypto market has experienced intense price swings, contrasting sharply with the optimism that prevailed in early December.
A 12% decline in the past week has dampened sentiment, although it falls short of the 50% crashes witnessed during the 2019 bear market.
Bitcoin's Surprising Journey: Surging Past $100,000 and Encountering Setbacks
Despite briefly surpassing $100,000, Bitcoin has faced a week of steady declines, leading to a downturn that, while not entirely unexpected, is nonetheless disheartening.
Two primary factors have significantly influenced the crypto landscape in 2024: macroeconomic and political uncertainty, and capital flows.
Optimism regarding potential rate cuts, bolstered by Donald Trump's election victory, drove Bitcoin's ascent.
However, the Federal Reserve's recent indication of slowing rate cuts in 2025-2026 has triggered a widespread market correction.
Also Read:Bitcoin Price Prediction for 2025, 2026 – 2050
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
-
- Consensus 2026 Miami: Web3, Blockchain, Cryptocurrency, NFTs, Metaverse, Conference, May 5th — Where Wall Street Meets the Digital Frontier
- May 01, 2026 at 11:27 pm
- Miami buzzes as Consensus 2026 approaches on May 5th, highlighting Web3, blockchain, crypto, NFTs, and the metaverse's shift from hype to institutional and sustainable reality.
-
-
- Bitcoin Miners Electrify the Grid: Ohio Gas Plant Acquisition Powers Up a New Era for Digital Gold
- Apr 30, 2026 at 10:38 pm
- The Bitcoin mining industry is undergoing a significant transformation, with major players aggressively expanding operations and strategically acquiring energy assets like Ohio gas plants to solidify their future in the digital economy.
-
-
- Solana's Slippery Slope: Price Prediction Points to Resistance Loss and Potential Further Drops
- Apr 30, 2026 at 09:08 pm
- Solana is struggling to break key resistance, signaling potential downside. Repeated rejections at $86-$88, coupled with a broken short-term pattern, point to targets as low as $67, or even $40, as sellers maintain control. Investors should watch critical support levels closely.
-
-
- NYC's New Beat: Staking Systems, USD1, and Governance Drive Crypto's Next Wave
- Apr 30, 2026 at 03:02 pm
- From lucrative USD1 earning events to robust governance models, the crypto sphere is buzzing with innovations reshaping how we engage with digital assets, focusing on long-term commitment and stablecoin utility.
-
- OKX Unveils Agent Payments Protocol: Ushering in a New Era of AI Transactions
- Apr 30, 2026 at 02:53 pm
- OKX launches its Agent Payments Protocol (APP), an open standard for AI-driven commerce, enabling agents to manage full business cycles. Explore the implications for AI transactions and agentic payments.
