MicroStrategy Doubles Down on Bitcoin, Acquires 5,200 BTC at Over $100,000

Leading business solutions firm MicroStrategy continues its strategy of buying Bitcoin even though it's already the largest corporate holder.

MicroStrategy has made another large-scale Bitcoin (BTC) purchase, adding 5,262 BTC to its already impressive stash. The business solutions firm, which is also listed on the Nasdaq-100 index, now holds 444,262 BTC.This latest purchase was made at an average price of $106,662 per coin, bringing the total investment to almost $561 million. MicroStrategy’s large BTC purchase was $27.7 billion worth — a price of $62,257/BTC.

However, the company’s rate of accumulation has slowed down recently. For instance, the company purchased about 42,162 BTC between Nov. 11 and Dec. 22 alone, which would cost nearly $4 billion at today’s value. But the latest purchase is just 12% of that.

MicroStrategy’s Bitcoin buying pace has slowed down.

The recent buy from MicroStrategy constitutes a 191% drop from its Dec. 16 acquisition and a 309% decrease from Dec. 9. Analysts say this could be a combination of broader market conditions and a shift in internal strategy. This purchasing trend is important given that the firm’s purchases have often affected market sentiment.

According to several market observers, the business solutions firm could enter a “blackout” period starting January 2025, during which it cannot purchase more BTC or issue new shares and convertible bonds for funding fresh purchases. However, MicroStrategy’s CEO, Michael Saylor, remains steadfast.

In a recent interview, he expressed confidence in Bitcoin’s long-term value, stating, “I’m sure I’ll be buying Bitcoin at $1 million a coin.” Meanwhile, BitMEX co-founder Arthur Hayes recently warned of possible market volatility during the inauguration period of US President-elect Donald Trump.

Hence, his investment fund, Maelstrom, plans to reduce positions in anticipation of a dip in Bitcoin prices.