PakGazette – Prominent MicroStrategy supporter and CEO Michael Saylor recently said that Bitcoin is worth all the money in the world. Saylor continues to back up his sentiment with actions, regularly adding Bitcoin to MicroStrategy’s holdings whenever liquidity allows, even though such a statement may seem overly dramatic. Recent acquisitions show mixed performance when examining MicroStrategy’s Bitcoin purchasing history.
A total of 2,530 BTC was purchased on January 13, 2025, at an average price of $95,972 per coin. Other recent acquisitions paint a different picture, although the purchase is currently yielding a modest profit of $3.06 million (1.5%). An example of how erratic these investments can be is the December 23, 2024 purchase of 5,252 Bitcoin, at a price of $106,862 per coin, resulting in a loss of $48 million.
MicroStrategy has established itself as one of the largest institutional holders of Bitcoin over the years. However, this aggressive accumulation strategy has always paid off in the short term, as the company has frequently suffered from fluctuations. Saylor’s belief in the long-term value of Bitcoin is evident in his unwavering confidence in the cryptocurrency despite this.
According to a price chart analysis, Bitcoin is currently trading near $97,000, with a solid support level forming at $88,000. Bitcoin’s ability to hold above the 50 EMA, a critical indicator, indicates that an uptrend may continue. However, any bullish breakout would be difficult in the near future, because there is still a lot of resistance around $100,000.
Coupled with MicroStrategy’s buying patterns, Saylor’s steadfast devotion to Bitcoin highlights the institutional consensus about its potential. These actions show faith in Bitcoin as a long-term store of value, although short-term volatility is inevitable. At the moment, MicroStrategy’s position is unequivocal: make a big bet on Bitcoin. It remains to be seen whether this approach proves prudent in the coming years.
