MicroStrategy, the world’s largest corporate Bitcoin holder, has once again sparked speculation about an impending BTC purchase. Founder Michael Saylor has reposted the company’s Bitcoin tracker chart on X (formerly Twitter), a move that has consistently preceded major acquisitions in recent months.
Industry observers are closely watching, given MicroStrategy’s aggressive buying spree in recent times. The company has amassed a substantial Bitcoin treasury, acquiring 27,200 BTC in November, followed by another 51,780 BTC, and then 55,500 BTC. In mid-December, they added 15,350 bitcoins, and more recently, on December 23rd, purchased 5,262 BTC for $561 million at an average price of $106,662 per bitcoin.
As of December 22nd, MicroStrategy holds a total of 444,262 BTC, acquired at a cumulative cost of approximately $27.7 billion since 2020. The average purchase price across all acquisitions stands at $62,257 per bitcoin. With Bitcoin trading near $94,780, the company’s holdings are currently valued at $42.16 billion, resulting in a profit of over $14.5 billion.
Bitcoin’s price has been consolidating above $94,000 after a recent surge towards the $100,000 mark. While MicroStrategy’s buying activity hasn’t directly translated into a rapid price surge, the market sentiment remains bullish. Factors such as spot ETF demand and other positive catalysts are expected to drive Bitcoin prices higher, with some analysts predicting a potential rally to $150,000-$200,000 in 2025.
December 2024, Cryptoniteuae
