Microstrategy, a company famous for its massive Bitcoin buying strategy, has further solidified its position by adding 2,138 BTC worth $209 million to its digital asset holdings, bringing its total ownership to 446,400 BTC – equivalent to $41 billion at current prices.
1. Continuous Bitcoin Buying Chain: No Stopping
This is the 8th consecutive week of executing large-scale Bitcoin purchases. The average price the company paid for each BTC in its latest purchase is $97,837, demonstrating commitment to a long-term strategy.
Since 2020, after the pandemic disrupted global markets, founder and Chairman Michael Saylor has begun plans to make Bitcoin a core asset in the company’s treasury strategy. Believing that Bitcoin is a sustainable financial refuge amid economic instability, Microstrategy has continuously scaled up its holdings.
2. Impressive Investment History
In 2024, Microstrategy made notable Bitcoin purchases, including:
• $2 billion in Bitcoin right after Donald Trump's election victory.
• $4.6 billion the following week.
• Largest transaction: $5.4 billion in a single deal.
As of December 29, 2024, the company has spent a total of $27.9 billion to purchase 446,400 BTC, at an average price of $62,428/BTC – nearly double the profit from the initial investment.
3. Long-Term HODL Strategy
Although the current Bitcoin price is $91,700, down from a peak of $108,135 two weeks ago, Saylor is not worried. In a recent interview, he stated that Microstrategy will not sell Bitcoin in the near future, and might never sell.
Saylor emphasizes:
"We will continue to buy forever."
4. Market Impact
Each time Microstrategy announces a Bitcoin purchase, it usually has a positive impact on the price. However, the latest transaction occurred in the context of a slight 2% decline in Bitcoin on the day, indicating the influence is no longer as strong as before.
Nevertheless, Microstrategy's maintenance of the 'HODL' strategy and continuous increase in holdings has reinforced the belief among the investor community that Bitcoin is a safe and valuable long-term asset.
Conclusion: Microstrategy – The HODL Pioneer of Bitcoin
With 446,400 BTC in hand and an unwavering strategy, Microstrategy is asserting itself as a pioneer in Bitcoin investment. Not just a financial strategy, the company’s actions are also creating trends, boosting confidence in the future of cryptocurrency.
Will Michael Saylor's "buy forever" strategy turn Microstrategy into an icon in the digital finance world? We will have to wait and see!