Executive Summary
The Story So Far
Why This Matters
Who Thinks What?
MicroStrategy Inc., led by co-founder Michael Saylor, has acquired an additional 196 Bitcoin (BTC) for $22.1 million, bringing its total holdings to 640,031 BTC. This latest purchase, made during the week ending Sunday as BTC prices dipped below $110,000, reflects the company’s continued accumulation strategy.
Latest Acquisition Details
The acquisition was executed at an average price of $113,048 per coin, according to a US Securities and Exchange Commission filing on Monday. Bitcoin’s price fluctuated during the week, starting above $112,000 before falling below $110,000 on Thursday, as reported by CoinGecko.
With this latest addition, MicroStrategy’s total Bitcoin portfolio now stands at approximately $47.35 billion, acquired at an average price of $73,983 per coin. This $22 million purchase represents one of the company’s smallest weekly BTC acquisitions to date, signaling an ongoing slowdown in its buying activity over recent months.
Saylor’s Market Outlook
Despite the recent market pressures and slower acquisition pace, MicroStrategy co-founder Michael Saylor remains optimistic about Bitcoin’s near-term future. Saylor recently predicted that Bitcoin would begin to rise toward the end of the year, following a period influenced by growing institutional adoption.
He stated, “I think that as we work through the resistance of late and some macro headwinds, we’ll actually see Bitcoin start to move up smartly again toward the end of the year.” This outlook suggests a belief in Bitcoin’s resilience against current market challenges.
Key Takeaways
MicroStrategy’s latest Bitcoin acquisition, though smaller than previous buys, reaffirms its long-term commitment to the cryptocurrency. The company’s strategy continues to balance sustained accumulation with an optimistic forecast from its co-founder for a market rebound by year-end.