Company Bitcoin investor MicroStrategy continued aggressive Bitcoin (BTC) shopping final week in step with the founder’s pledge to preserve accumulating the asset at peak costs.
MicroStrategy got 5,262 BTC between Dec. 16 and 22, pouring roughly $561 million into the asset, the company officially launched on Dec. 23.
In its most contemporary Bitcoin buy, MicroStrategy sold the cryptocurrency at a median worth of roughly $106,662, the excellent cost the company has ever paid per BTC.
Offer: Michael Saylor
As of Dec. 22, 2024, MicroStrategy and its subsidiaries together held roughly 444,262 BTC, got at an combination buy worth of $27.7 billion and a median buy worth of $62,257 per BTC.
MicroStrategy slows the trudge of BTC shopping
The most contemporary Bitcoin acquisition by MicroStrategy follows a series of big BTC buys in December. In the previous three weeks, MicroStrategy bought a entire of 42,162 BTC, which is now price $4 billion.
MicroStrategy’s most contemporary Bitcoin buy accounts for correct about 12% of its entire Bitcoin accumulations in December.
The most contemporary buy is the smallest quantity of BTC sold and launched by MicroStrategy since June and July 2024, when it bought 169 BTC.
10 previous Bitcoin purchases by MicroStrategy. Offer: Lookonchain
The most contemporary BTC investment is 191% down from the quantity of the outdated buy launched on Dec. 16 and is 309% smaller than the one launched on Dec. 9.
Is MicroStrategy heading for a “blackout” in 2025?
MicroStrategy’s slowdown in BTC shopping came amid BitMEX co-founder Arthur Hayes cautioning in opposition to a market drop doubtlessly stemming from the upcoming inauguration of United States President-elect Donald Trump.
In accordance alongside with his prediction, Hayes’ investment fund, Maelstrom, plans to definite some positions and expects to buy later at lower costs.
Connected: MicroStrategy Bitcoin purchases surpass 2021 bull market levels
Some observers also highlighted a market rumor that MicroStrategy would possibly also enter a blackout period in January 2025, which would possibly per chance maybe discontinuance the issuing of shares and convertible bonds to buy more BTC.
In the meantime, MicroStrategy’s most contemporary BTC buy aligns with its founder, Michael Saylor, pledging to proceed shopping BTC even at peak costs in early December.
“I’m certain that I will be shopping Bitcoin at $1 million a coin — doubtlessly $1 billion dollars a day of Bitcoin at $1 million a coin,” Saylor said.
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