Corporate Bitcoin investor MicroStrategy continued aggressive Bitcoin (BTC) buying last week in line with the founder’s pledge to keep accumulating the asset at peak prices.
MicroStrategy acquired 5,262 BTC between Dec. 16 and 22, pouring roughly $561 million into the asset, the firm officially announced on Dec. 23.
In its latest Bitcoin purchase, MicroStrategy bought the cryptocurrency at an average price of roughly $106,662, the highest cost the firm has ever paid per BTC.
Source: Michael Saylor
As of Dec. 22, 2024, MicroStrategy and its subsidiaries together held approximately 444,262 BTC, acquired at an aggregate purchase price of $27.7 billion and an average purchase price of $62,257 per BTC.
MicroStrategy slows the pace of BTC buying
The latest Bitcoin acquisition by MicroStrategy follows a series of massive BTC buys in December. In the past three weeks, MicroStrategy purchased a total of 42,162 BTC, which is now worth $4 billion.
MicroStrategy’s latest Bitcoin buy accounts for just about 12% of its total Bitcoin accumulations in December.
The latest purchase is the smallest amount of BTC bought and announced by MicroStrategy since June and July 2024, when it purchased 169 BTC.
10 past Bitcoin purchases by MicroStrategy. Source: Lookonchain
The latest BTC investment is 191% down from the amount of the previous purchase announced on Dec. 16 and is 309% smaller than the one announced on Dec. 9.
Is MicroStrategy heading for a “blackout” in 2025?
MicroStrategy’s slowdown in BTC buying came amid BitMEX co-founder Arthur Hayes cautioning against a market drop potentially stemming from the upcoming inauguration of United States President-elect Donald Trump.
In line with his prediction, Hayes’ investment fund, Maelstrom, plans to clear some positions and expects to buy later at lower prices.
Related: MicroStrategy Bitcoin purchases surpass 2021 bull market levels
Some observers also highlighted a market rumor that MicroStrategy may enter a blackout period in January 2025, which would halt the issuing of shares and convertible bonds to purchase more BTC.
In the meantime, MicroStrategy’s latest BTC buy aligns with its founder, Michael Saylor, pledging to continue buying BTC even at peak prices in early December.
“I’m sure that I will be buying Bitcoin at $1 million a coin — probably $1 billion dollars a day of Bitcoin at $1 million a coin,” Saylor said.
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