MicroStrategy’s Latest Bitcoin Buy: A Bold Move or a Sign of Slowdown?
Bitcoin’s Biggest Corporate Holder Strikes Again
MicroStrategy, the titan of corporate Bitcoin investments, is back at it! The company just announced yet another Bitcoin acquisition—picking up 1,070 BTC in the final two days of 2024. If you’ve been keeping an eye on their crypto playbook, this move might not come as a surprise. But here’s the twist—this latest purchase highlights a noticeable slowdown in their aggressive buying streak.
Let’s dive into what’s really going on with MicroStrategy, the impact of this fresh acquisition, and how it fits into their broader Bitcoin strategy.
Breaking Down the Latest Bitcoin Buy
The numbers are in: MicroStrategy spent approximately $101 million in cash on Bitcoin over Dec. 30–31, 2024. This purchase was made at an average price of $94,004 per BTC—a testament to their long-standing confidence in Bitcoin as a store of value.
The filing with the United States Securities and Exchange Commission (SEC) on Jan. 6 confirmed the details, marking the company’s last Bitcoin purchase of the year. But here’s the key thing—MicroStrategy hasn’t made additional acquisitions since this transaction. Is this a sign of a change in their approach, or just a temporary pause?
MicroStrategy’s Massive Bitcoin Stash
With this latest addition, MicroStrategy’s total Bitcoin holdings now stand at a staggering 447,470 BTC. That’s about 2.1% of all Bitcoin that will ever exist! In total, the company has spent $27.97 billion, acquiring BTC at an average price of $62,503 per coin as of Jan. 5, 2025.
How Did They Fund the Purchase?
Just like in previous rounds, this Bitcoin buy was financed via the issuance and sale of shares through a convertible notes sales agreement. This method allows the company to continue stacking Bitcoin without dipping directly into operational funds.
Bitcoin Investments, MicroStrategy, Michael Saylor
Source: Michael Saylor
MicroStrategy co-founder Michael Saylor even hinted at this purchase ahead of time—posting a BTC price chart from the SaylorTracker website on Jan. 5. If you follow Saylor, you’ll know this isn’t unusual—he’s been Bitcoin’s loudest corporate cheerleader for years.
A Noticeable Slowdown in BTC Buying
Now, here’s where things get interesting. While MicroStrategy remains the undisputed king of corporate Bitcoin holdings, their buying pace has slowed.
Between Dec. 2–31, 2024, the company picked up 45,370 BTC—which sounds impressive. But compared to their massive acquisitions in previous months, it marks a 30% decline in their usual buying activity.
What’s Causing the Slowdown?
Several factors are at play here:
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Market Caution – Bitcoin hit new all-time highs in December 2024, and some investors (including major crypto figures like BitMEX co-founder Arthur Hayes) have warned about potential corrections in the market.
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Political Uncertainty – With Donald Trump’s upcoming inauguration, some analysts fear volatility in crypto markets. Could MicroStrategy be playing it safe as they assess geopolitical risks?
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Possible Blackout Period – Some reports suggest that MicroStrategy may enter a temporary blackout period in January 2025, preventing them from issuing new shares and convertible bonds—essentially freezing their BTC-buying mechanism.
Bitcoin Price, MicroStrategy’s Buying Trend
The latest seven Bitcoin purchases by MicroStrategy. Source: SaylorTracker
Could a $2B Bitcoin Shopping Spree Be Next?
Despite this slowdown, MicroStrategy isn’t done just yet. The company recently hinted at plans to raise $2 billion via a “perpetual preferred stock” offering—all to buy more Bitcoin!
Whether they go through with this depends on market conditions and internal decisions, but it’s clear that their long-term Bitcoin vision remains intact. Even if they hit pause occasionally, they’re not jumping off the Bitcoin train anytime soon.
Final Thoughts
So, is MicroStrategy’s latest Bitcoin purchase a power move or a sign of caution? The truth is—it’s a bit of both. While they continue stacking sats, their buying habits are evolving in response to market dynamics, political shifts, and corporate restrictions.
One thing’s for sure: Michael Saylor and MicroStrategy remain all-in on Bitcoin.
What do you think about MicroStrategy’s latest move? Is their BTC buying spree slowing down for good, or is this just a temporary breather before they go all out again? Let us know in the comments!
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