Corporate Bitcoin investor MicroStrategy continues aggressive cryptocurrency acquisitions, following its founder's strategy.
MicroStrategy's Latest Bitcoin Purchase
Last week, MicroStrategy acquired 5,262 BTC, investing approximately $561 million in Bitcoin. The acquisition aligns with the company's strategy to accumulate the asset at high prices. The average purchase price was approximately $106,662 per BTC, the highest the firm has ever paid.
Slower Pace of BTC Buying
Despite significant acquisitions in December, MicroStrategy has slowed the pace of its Bitcoin acquisitions. Over the past three weeks, the company purchased 42,162 BTC, now valued at $4 billion, which constitutes only 12% of December's total accumulations. The recent transaction is also the smallest since June and July 2024, when 169 BTC were bought.
Expectations for 2025
As MicroStrategy slows its Bitcoin purchases, BitMEX's Arthur Hayes forecasts a potential market drop with the upcoming inauguration of President-elect Donald Trump. Hayes' fund, Maelstrom, plans strategic position adjustments. Market rumors speculate on a possible 'blackout period' for MicroStrategy in January 2025, affecting further BTC acquisitions. Michael Saylor, MicroStrategy's founder, previously stated his intention to continue large-scale Bitcoin purchases, even at $1 million per coin.
MicroStrategy adheres to its active Bitcoin accumulation strategy amidst market fluctuations and expert forecasts of potential changes in dynamic in the coming year.
