FameEX Hot Topics | MicroStrategy Acquires 5.2K Bitcoins at an Average Price of $106K Each

MicroStrategy, the corporate Bitcoin investor led by founder Michael Saylor, last week for its continued aggressive Bitcoin purchases. Despite slowing down its buying activities, the company made its smallest BTC acquisition since July 2024. Between December 16 and December 22, MicroStrategy acquired 5,262 BTC, investing approximately $561 million into the asset.

The recent purchase marks a significant trategy for MicroStrategy, as it acquired Bitcoin at an average price of $106,662 per BTC. This is the highest price the firm has ever paid for Bitcoin, reflecting the company's strategy of buying even when prices are at peak levels. Despite the premium paid for these coins, MicroStrategy remains committed to its long-term Bitcoin accumulation strategy.

As of December 22, 2024, MicroStrategy and its subsidiaries collectively hold about 444,262 BTC, with a total value of $27.7 billion. The average purchase price of these holdings is $62,257 per BTC. The company's ongoing purchases have made it one of the largest institutional Bitcoin holders globally, showcasing Saylor's vision for Bitcoin as a store of value.

MicroStrategy’s most recent acquisition follows a series of large Bitcoin buys in December, with the firm purchasing a total of 42,162 BTC over the past three weeks. These purchases, worth around $4 billion at current prices, represent about 12% of the total Bitcoin acquired by MicroStrategy in December. However, the latest acquisition is significantly smaller compared to previous purchases, being 191% smaller than the December 16 buy and 309% smaller than the December 9 buy.

There is speculation that MicroStrategy might enter a blackout period in January 2025, during which it would halt issuing shares or convertible bonds to fund further Bitcoin purchases. However, despite this potential pause, Saylor’s commitment to Bitcoin remains unwavering. In early December, he expressed his intention to continue buying Bitcoin, even if the price reaches $1 million per coin, suggesting that his enthusiasm for the cryptocurrency is unlikely to diminish anytime soon.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.