Saylor: MicroStrategy Bitcoin Purchases Continue
Michael Saylor announced today that MicroStrategy purchased more than 2,000 Bitcoins on December 30, continuing its extensive Bitcoin acquisition strategy. This may be the company’s last acquisition in 2024.
The company continues to make major acquisitions despite new turmoil in the cryptocurrency market, further fueling speculation about a change in strategy in 2025.
MicroStrategy Buy More Bitcoin
According to the U.S. Securities and Exchange Commission ArchiveMicrostrategy spent $209 million to acquire Bitcoin today, paying more than $97.8 million per Bitcoin. This is the fifth purchase in December, and most notably, it is the eighth consecutive week of BTC purchases by the company.
However, this is not surprising, as Michael Saylor said in early December The company will increase its acquisition efforts The world’s largest exchange. Thaler even recommends that investors adopt dollar-cost averaging (DCA) and invest in Bitcoin every quarter.
Nonetheless, today’s acquisition further expands MicroStrategy’s Largest Bitcoin holders among listed companies.
“MicroStrategy has acquired 2,138 Bitcoins for approximately $209 million, approximately $97,837 per Bitcoin, and achieved Bitcoin production Quarter-to-date is 47.8% and year-to-date is 74.1%. As of December 29, 2024, we held 446,400 BTC at a price of approximately $27.9 billion, or approximately $62,428 per Bitcoin. ” Saylor claimed on social media postal.
Last week, the company Bought $561 million worth of BTC After Seiler Publicly Advocate for U.S. Bitcoin Reserve. The company remains steadfast in its aggressive Bitcoin accumulation strategy, and Thaler held a shareholder meeting last week to discuss potential changes to the stock issuance.
Essentially, Thaler wants MicroStrategy to issue more sharesthe proceeds of which can be used for further purchases. However, Bitcoin’s recent liquidation Pullbacks are always a concern. This is probably why the latest purchase has less value compared to previous purchases in November and December.
Saylor’s aggressive acquisitions may be on hold in January
Leading Cryptocurrency Meets Major Price Resistance, Experts Predict A bear market may occur. There are also rumors that MicroStrategy will suspend Bitcoin purchases January.
The company’s stock value actually outpaced Bitcoin’s growth last year, but this could bring double edged sword. MicroStrategy is grossly overleveraged in Bitcoin, using tools like debt, stock sales, and 0% convertible bonds to spur more buying. However, this “all-in” strategy makes the company more vulnerable to market instability.
If anything, MicroStrategy has simply doubled down on its Bitcoin investment. yesterday, Thaler publicly hinted There’s some new action on the Bitcoin front, but he recommends another major purchase rather than a break.
The new year is just around the corner and January shows little sign of letting up. If it’s going to truly stop, Seiler will need to send a signal soon.
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