Michael Saylor, a well-known bitcoiner and founder of MicroStrategy, shared a post on X with the company’s BTC tracker, despite the price of Bitcoin being in decline. With the new purchases in December, MicroStrategy now holds 444,262 BTC in its wallet.
MicroStrategy and the December BTC purchases: Saylor’s post on X
Michael Saylor, the famous founder of MicroStrategy, shared a post on X with the company’s BTC tracker:
https://twitter.com/saylor/status/1873353661537284211
As of today, MicroStrategy holds 444,262 BTC, the equivalent of 41.51 billion dollars with the price of Bitcoin having dropped to 93,600$.
From what has emerged, MicroStrategy has continued to make its BTC purchases in this last month of the year.
Specifically, the site reports as many as 4 new purchases for December of respectively 15,400 BTC, 21,550 BTC, 15,350 BTC, and the last one before Christmas of 5,262 BTC.
In these four moments, the price of BTC was different. MicroStrategy reports that its December purchases were made with BTC at $95,976, $98,783, $100,386, and the last one with BTC at $106,662.
Currently, with BTC below these purchase prices, Saylor described this situation as “sconcertante,” referring to the drop in the average market price dollar/bitcoin.
MicroStrategy: the dream of becoming a Bitcoin Bank and the appointment of new executives
In mid-December, MicroStrategy had announced its ambition to become a “Bitcoin Bank.”
In practice, the company intends to create financial instruments based on Bitcoin, such as convertible bonds, common shares, and debt instruments.
Saylor had explained that MicroStrategy plans to invest the funds raised at higher interest rates compared to traditional ones, with an estimated average annual return of 29%.
This objective could become a reality thanks to the company’s existing reserves in Bitcoin, as well as its ongoing strategy of aggressively accumulating BTC.
Last week, then, MicroStrategy also announced that it had appointed Brian Brooks, former CEO of Binance.US, to its Board of Directors. Not only that, along with Brooks, Jane Dietze, a member of the Board of Galaxy Digital, and Gregg Winiarski, Chief Legal Officer of Fanatics Holding, were also appointed.
With these new figures, the company aims to strengthen its position as a leader in the adoption of Bitcoin.
The price of Bitcoin and the bets on its future
As anticipated, the price of Bitcoin has fallen below $94,000, moving further away from its ATH – All-Time High reached on December 17 above $108,000.
At the time of writing, BTC is worth $93,680 and its market cap is $1.853 billion.
Yet, this trend of the BTC price for December of decline was already predicted for the Polymarket bettors. And indeed, so far, 22% have bet that the BTC price for this month is $90,000.
Looking instead to the near future, on December 26, Polymarket had set the probability at 50% that BTC will reach $120,000 by the end of March 2025.
