cryptojournalist
Latest Purchase Details
MicroStrategy, a leading corporate Bitcoin investor, added 5,262 BTC to its holdings between Dec. 16 and 22, spending $561 million. The average purchase price was $106,662 per Bitcoin—the highest the company has ever paid per coin.
As of Dec. 22, MicroStrategy and its subsidiaries own 444,262 BTC, acquired at a total cost of $27.7 billion, with an average price of $62,257 per Bitcoin.
Slower Buying Pace in December
This recent purchase represents just 12% of the 42,162 BTC MicroStrategy bought earlier in December, valued at $4 billion. It’s also the smallest acquisition since mid-2024, when the company purchased only 169 BTC.
Compared to previous December buys, this acquisition is:
191% smaller than the Dec. 16 purchase.
309% smaller than the Dec. 9 purchase.
Market Speculation and Concerns
The slowdown in MicroStrategy’s buying coincides with warnings from BitMEX co-founder Arthur Hayes about a potential market drop following Donald Trump’s upcoming presidential inauguration. Hayes’ fund, Maelstrom, plans to sell some positions and re-enter the market at lower prices.
There are also rumors that MicroStrategy may enter a “blackout period” in January 2025, temporarily halting its ability to issue shares or bonds to fund additional Bitcoin purchases.
Michael Saylor’s Commitment
Despite market uncertainty, MicroStrategy founder Michael Saylor remains committed to Bitcoin. Earlier in December, he pledged to continue accumulating Bitcoin even at extreme prices. “I’ll be buying Bitcoin at $1 million a coin—probably $1 billion a day,” he stated.
