MicroStrategy’s relentless Bitcoin acquisition streak continued last week, albeit at a slower pace, as the company reported its smallest BTC purchase since July 2024.
The company Bitcoin giant According to a December 23 announcement, the company acquired 5,262 BTC between December 16 and December 22, spending a total of $561 million. This latest shipment was purchased at a staggering average price of $106,662 per Bitcoin, the highest price the company has ever paid per BTC.
MicroStrategy’s BTC holdings are rising
As of December 22, MicroStrategy’s Bitcoin holdings have grown to 444,262 BTC, a total value of $27.7 billion, with an average purchase price of $62,257 per Bitcoin.
Source: X
Despite the aggressive approach the pace of acquisitions has slowed noticeably. The latest purchase represents just 12% of MicroStrategy’s Bitcoin campaign in December, in which the company purchased a total of 42,162 BTC, worth about $4 billion. This purchase represents the smallest gain since mid-2024, a stark contrast to the 169 BTC purchased during a brief lull in June and July of the same year.
Source: X
What’s behind the slowdown?
This pullback when buying BTC comes amid a cautious forecast from notable crypto personalities such as Arthur Hayes, co-founder of BitMEX. Hayes recently warned of possible market turmoil surrounding President-elect Donald Trump’s inauguration in early 2025. His investment firm Maelstrom has reportedly adjusted its strategy and is waiting for potentially lower Bitcoin prices before making new moves.
Additionally, rumors are circulating that MicroStrategy may face a “blackout period” in January 2025 that could limit the…
