MicroStrategy's Chairman, Michael Saylor, recently announced that the company has bought another 5,262 Bitcoin. This purchase cost around $561 million and is part of his ongoing plan to steadily acquire more BTC.
This latest buy marks MicroStrategy's third Bitcoin acquisition just in December. Last week, they spent $1.5 billion on Bitcoin at an average price of $100,386. Under Saylor’s leadership, MicroStrategy has become one of the largest Bitcoin holders in the world, and they don’t seem to be slowing down.
“MicroStrategy has acquired 5,262 BTC for about $561 million at around $106,662 per Bitcoin. We’ve achieved a BTC yield of 47.4% quarter-to-date and 73.7% year-to-date. As of December 22, 2024, we hold 444,262 BTC, which we acquired for about $27.7 billion at an average price of $62,257 per Bitcoin,” Saylor stated.
Since the crypto market surged in November, Saylor has shown a clear intention to buy large amounts of Bitcoin. The price of Bitcoin has been climbing, leading to impressive yields. Recently, Saylor hinted at making a big Bitcoin purchase to celebrate MicroStrategy’s inclusion in the NASDAQ-100.
However, there are rumors that MicroStrategy might pause its Bitcoin purchases starting in January. With the company now part of the NASDAQ-100 and quarterly earnings reports coming up, Saylor may decide to implement a self-imposed blackout period on Bitcoin purchases.
While the recent purchases have generated high yields, they could also pose risks for the company and the broader market. There are concerns that Saylor's actions might contribute to a decrease in decentralization within the Bitcoin ecosystem. MicroStrategy has outpaced Bitcoin's rapid growth, which raises some eyebrows.
The volatility of Bitcoin could significantly affect MicroStrategy's stock performance. Just last week, Bitcoin dropped nearly 12%, and MicroStrategy's stock price fell by over 15%.
For now, the trend of buying Bitcoin seems stable. Regardless of whether Saylor goes ahead with the rumored pause in January, more significant purchases in the last week of December are still likely.