Today, MicroStrategy’s founder, Michael Saylor, revealed a substantial new Bitcoin acquisition worth approximately $101 million.
Over the past month, MicroStrategy’s Bitcoin acquisitions have noticeably decreased, transitioning from significant purchases worth over $5 billion to relatively smaller amounts. However, Michael Saylor’s public remarks do not seem to mirror this trend of decline.
Will Saylor Keep Buying Bitcoin?
Ever since Michael Saylor embarked on his ambitious plan for purchasing large amounts of Bitcoin, MicroStrategy has ascended to become one of the globe’s biggest BTC holders. Now, with another substantial purchase, it seems that he is persisting in this insatiable buying spree.
MicroStrategy recently purchased 1,070 Bitcoins for approximately $101 million each costing around $94,004 per Bitcoin. This acquisition is projected to generate a Bitcoin Yield of 48.0% in Q4 2024 and 74.3% in FY 2024. As of May 1, 2025, we now hold approximately 447,470 Bitcoins that were acquired for roughly $27.97 billion, with each Bitcoin costing around $62,503. This is what Saylor announced.
It’s now evident that his political momentum is gradually fading out. On the other hand, MicroStrategy invested a significant $5.4 billion in Bitcoin towards the end of November, aligning with the ongoing Bitcoin price surge.
Two weeks from the initial buy came a transaction worth approximately $2.1 billion. A week later, the amount was reduced to around $1.5 billion. By the month’s end in December, the figure dropped significantly to about $561 million, followed by another decrease to $209 million shortly after.
Essentially, Saylor is rapidly reducing the amount he’s buying in Bitcoin. According to analyst Jacob King, MicroStrategy might be running low on funds, and its momentum seems to be slowing down.
Around mid-December, there had been continuous talk that the company might temporarily halt its Bitcoin purchasing in January. However, Michael Saylor’s public comments don’t seem to suggest any planned pauses or interruptions.
As an analyst, I can confidently say that based on his public declarations, it appears Saylor is determined to persist with his aggressive Bitcoin buying approach. On January 4th, he announced a $2 billion stock offering, specifying that all the funds raised would be invested in additional Bitcoin purchases. Moreover, he has advocated for the U.S. government to consider implementing its own acquisition strategy.
Essentially, MicroStrategy’s declarations don’t provide a clear confirmation about the change in spending patterns. Yet, it’s quite evident that Saylor is not investing in Bitcoin at the same scale as before.
It’s uncertain what actions MicroStrategy might take to reverse this declining trend, but it seems inevitable that they’ll need to address it at some point.
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2025-01-06 21:42