While this buy signals a slight rebound after weeks of declining purchase sizes, it remains modest compared to the firm’s past acquisitions. The move raises questions about the company’s evolving strategy under Bitcoin advocate and founder Michael Saylor.
MicroStrategy’s Bitcoin Holdings Grow
With this latest acquisition, MicroStrategy now holds 450,000 BTC, purchased for a cumulative $28.2 billion at an average price of $62,691 per Bitcoin. Saylor reaffirmed the company’s commitment to its Bitcoin accumulation strategy, touting the purchase as part of its long-term vision.
“MicroStrategy has acquired 2,530 BTC for ~$243 million at ~$95,972 per Bitcoin,” Saylor said in a statement, emphasizing that the strategy remains “in full force.”
A Shift in Strategy?
Despite Saylor’s assurance, this purchase reflects a shift from the aggressive buying sprees that characterized MicroStrategy’s strategy in late 2024. For context:
- November 2024: Purchases exceeded $6 billion.
- December 2024: The firm spent over $3 billion on Bitcoin.
- January 2025: Year-to-date acquisitions total $344 million, with a significant drop in individual purchase sizes.
This marked decline in acquisitions comes amid broader market volatility, with Bitcoin losing over 10% of its value in the past week. Such macroeconomic factors may have prompted MicroStrategy to adopt a more measured approach as it evaluates Bitcoin’s current support levels.
Stock Offering on Hold
MicroStrategy previously announced plans to raise $2 billion through a stock offering to fund additional Bitcoin purchases. However, SEC filings suggest that this offering has yet to materialize, fueling speculation about the company’s liquidity and capacity for large-scale acquisitions.
Rumors and Rebound
In recent weeks, rumors swirled that MicroStrategy might pause Bitcoin purchases altogether. This latest buy, the largest in two weeks, seems to counter those claims, suggesting the company is maintaining its strategy, albeit at a more conservative pace.
Market Reactions
MicroStrategy’s stock (MSTR) has reflected market doubts, losing nearly 20% of its value this month despite a staggering 550% growth in 2024. The decline highlights investor uncertainty about the company’s ability to sustain its Bitcoin-centric strategy in the face of market volatility.