1. Largest transactions of the past week
#microstrategy , the company founded by Michael Saylor, just disclosed that it has purchased an additional 51,780 Bitcoin at an average price of $88,627/BTC, totaling $4.6 billion.
• With this transaction, the total amount of Bitcoin held by the company has reached 331,200 BTC, purchased at a cost of approximately $16.5 billion.
• Thanks to the recent strong price increase, MicroStrategy's Bitcoin holdings are now worth $29.65 billion, nearly double the initial purchase cost.
2. Strong buying during the price increase
Just last week, the company spent $2 billion to buy Bitcoin at an average price of $74,463/BTC. Thus, within 7 days, MicroStrategy purchased a total of 51,780 $BTC , a figure that is double the inflow of capital into global Bitcoin ETP products during the same period, according to analysis from K33Research.
3. The Bitcoin price boom
Bitcoin has reached several historical highs in the past two weeks, most recently at $93,477, according to CoinGecko.
• The price surge was driven by Donald Trump's victory in the U.S. presidential election, with crypto-friendly commitments, including building a "strategic Bitcoin reserve" and replacing SEC Chairman Gary Gensler.
4. Impact on MicroStrategy
• MicroStrategy's stock price (MSTR) also reached a record high, with a market capitalization exceeding $69 billion last week.
• However, subsequently, the stock price #mstr slightly decreased from $383 to $350.
5. Long-term plans and bold predictions
• MicroStrategy announced plans to purchase an additional $42 billion in Bitcoin over the next three years.
• Michael Saylor remains optimistic, predicting Bitcoin will reach $13 million/BTC in the next 21 years, corresponding to an increase of 14,222% from the current price.
6. MicroStrategy and Bitcoin – A close connection
Since purchasing its first $250 million in Bitcoin in 2020, MicroStrategy has shifted from a software company to focusing on Bitcoin-related development. The company now holds over 1% of the total Bitcoin supply, continuing to assert its position as the largest publicly traded company holding Bitcoin in the world.
In summary
MicroStrategy continues to reinforce its long-term strategy with Bitcoin, despite the market being at a high price. This decision not only reflects Michael Saylor's strong belief in Bitcoin's long-term potential but also highlights the increasing influence of cryptocurrency in the financial strategies of large corporations.
