MicroStrategy's Bitcoin Acquisition Strategy: Average Purchase Price Nears $75,000

Summary:
MicroStrategy has continued to expand its Bitcoin holdings, purchasing an additional 1,229 BTC for around $108.8 million, raising the average cost of its Bitcoin investments to approximately $74,997 per BTC—just shy of $75,000.

Key Takeaways

MicroStrategy has bought an additional 1,229 BTC, bringing its total Bitcoin holdings to new heights.
The latest purchase was made at an average price of $88,568 per Bitcoin.
The average purchase price of MicroStrategy's Bitcoin holdings now stands at nearly $75,000 after recent transactions.
Significant Bitcoin purchases occurred in the early part of the month, with a slowdown later in December.

MicroStrategy's Bitcoin Acquisition

Main Content

MicroStrategy (MSTR) has recently expanded its substantial Bitcoin holdings. On Monday, the company announced it had acquired an additional 1,229 BTC for approximately $108.8 million. This acquisition brings the average cost per Bitcoin to around $88,568.

While MicroStrategy continues to accumulate Bitcoin at a steady pace, the expense of maintaining such aggressive purchasing is increasing. The average purchase price for all of its Bitcoin holdings is now about $74,997. This figure is just three dollars away from the psychologically significant $75,000 threshold.

Earlier in December, MicroStrategy deployed a significant portion of its capital. Between December 1 and December 7, it purchased 15,401 BTC at an average price of $92,965. This was followed by another acquisition of 13,048 BTC at an average price of $96,968, announced just a week later.

However, the company's purchasing activity slowed considerably in the latter half of the month. Notably, there were no purchases reported between December 15 and December 21.

As Bitcoin continues to capture the attention of institutional investors, MicroStrategy remains a key player in the cryptocurrency market, demonstrating its long-term commitment to Bitcoin as a strategic investment.