As the asset’s creator promised, corporate investor MicroStrategy kept up its aggressive MicroStrategy’s Ongoing Bitcoin last week, taking advantage of the asset’s top price. On December 23, MicroStrategy made an official announcement about the 5,262 Bitcoins (BTC) it had purchased between December 16 and 22, investing around $561 million in the asset.
With its most recent Bitcoin acquisition, MicroStrategy paid an all-time high of over $106,662 per BTC. With an average purchase price of $62,257 per BTC and a total acquisition price of $27.7 billion, MicroStrategy and its subsidiaries possessed about 444,262 BTC as of Dec. 22, 2024.
MicroStrategy’s $4 Billion Bitcoin Purchase in December
In December, MicroStrategy made several large Bitcoin acquisitions; this latest one is no exception. In the previous three weeks, MicroStrategy acquired 42,162 Bitcoins, valued at $4 billion. Only around 12% of MicroStrategy’s entire MicroStrategy’s Ongoing Bitcoin accumulations go toward its most recent purchase.
This most recent acquisition represents MicroStrategy’s lowest publicly disclosed Bitcoin buy since 169 BTC in June and July 2024. The most recent Bitcoin investment is 191% smaller than the prior announcements on December 16 and December 9.
Hayes Warns of Market Decline as MicroStrategy Slows Bitcoin Buys
BitMEX co-founder Arthur Hayes warned of a possible market decline due to the impending inauguration of US President-elect Donald Trump, which may explain why MicroStrategy slowed down its Bitcoin buying.
n keeping with his forecast, Maelstrom, Hayes’ investment fund, intends to liquidate some holdings and anticipates making further purchases at discounted prices.
Additionally, some market watchers have brought attention to a speculation that MicroStrategy would go into a blackout period in January 2025, during which time the company will not issue any new shares or convertible bonds to buy Bitcoin. Meanwhile, MicroStrategy’s most recent Bitcoin purchase aligns with its creator, Michael Saylor, who promised to keep buying MicroStrategy’s Ongoing Bitcoin when its price peaks in early December. I’m certain that I will be purchasing Bitcoin for $1 million per coin—perhaps $1 billion per day of Bitcoin at that price,” Saylor declared.
Final Thoughts
Despite fluctuations in the market, MicroStrategy maintains its aggressive Bitcoin strategy. Even though BitMEX co-founder Arthur Hayes warned of a possible market fall, the company is nevertheless determined to acquire additional Bitcoin and made a sizable buy in December. With approximately $27.7 billion in BTC, Michael Saylor’s unfaltering faith in Bitcoin’s future worth is evident in this move. But with sales on the decline and talk of a blackout time in the works, it’s fair to wonder what the future holds for purchases. In spite of market uncertainty, MicroStrategy maintains its position as a major participant in Bitcoin investment.
FAQs
How much did MicroStrategy pay for its most recent Bitcoin purchase?
MicroStrategy paid an all-time high of over $106,662 per BTC for its most recent acquisition.
What is the total value of Bitcoin owned by MicroStrategy?
As of December 22, 2024, MicroStrategy's Bitcoin holdings are valued at approximately $27.7 billion.
Why did MicroStrategy slow down its Bitcoin buying?
MicroStrategy slowed down its Bitcoin purchases in response to market warnings from BitMEX co-founder Arthur Hayes, who predicted a potential market decline due to the upcoming U.S. presidential inauguration.
What is the speculation about MicroStrategy's future Bitcoin purchases?
Some market watchers speculate that MicroStrategy may enter a blackout period in January 2025, preventing the company from issuing new shares or convertible bonds to acquire more Bitcoin.
