PakGazette – MicroStrategy, an enterprise software company turned leveraged proxy, has become one of the largest corporate holders of Bitcoin, with its holdings representing 2.1% of the entire Bitcoin supply.
On-chain analytics platform IntoTheBlock highlighted this key fact in a recent tweet and pointed out a trend that has become evident in recent weeks.
IntoTheBlock posted a chart along with its tweet demonstrating the trend of MicroStrategy Bitcoin purchases since August 2020. Notably, the year 2024 saw a sharp increase in MicroStrategy Bitcoin purchases. However, in recent weeks, specifically since the end of December, this trend has slowed down.
In 2024 alone, MicroStrategy purchased 258,320 BTC for $22.07 billion, or almost $85,450 per BTC. As of January 5, 2025, MicroStrategy holds 447,470 BTC purchased for approximately $27.97 billion, or nearly $62,503 per Bitcoin.
Smaller but strategic purchases
On January 6, MicroStrategy announced the acquisition of 1,070 BTC for approximately $101 million, or $94,004 per Bitcoin, just days after revealing that it would acquire more cryptocurrencies through perpetual preferred stock, common stock, and debt.
According to IntoTheBlock, this $101 million purchase “continues a pattern of smaller, but strategic acquisitions.”
MicroStrategy had previously purchased nearly $1 billion worth of BTC during the weeks of November and December, but purchases have been smaller in recent weeks, even as the price of BTC has declined from record levels. Since MicroStrategy is well ahead of its capital goals, this is not a cause for concern.
MicroStrategy has bought Bitcoin for nine consecutive weeks, reflecting a trend of smaller but strategic acquisitions, as co-founder and president Michael Saylor aims to advance his Bitcoin holding strategy.
In early January, MicroStrategy announced plans to raise $2 billion through one or more offerings of perpetual preferred stock, which would be senior to its Class A common stock, in the first quarter of 2025.
