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Accurate strategyan enterprise software company turned leveraged Bitcoin proxy, has become one of the largest Bitcoin holders, with its holdings representing 2.1% of the total Bitcoin supply.
IntoTheBlock on-chain analytics platform Highlight This is a basic fact in a recent tweet while pointing to a trend that has become evident in recent weeks.
IntoTheBlock posted a chart alongside its tweet showing the trend of MicroStrategy's Bitcoin purchases since August 2020. Notably, 2024 saw a sharp rise in MicroStrategy's Bitcoin purchases. However, in recent weeks, specifically since late December, this trend has slowed.
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In 2024 alone, MicroStrategy bought 258,320 bitcoins for $22.07 billion, or roughly $85,450 per bitcoin. As of January 5, 2025, MicroStrategy owns 447,470 bitcoins acquired for approximately $27.97 billion, or approximately $62,503 per bitcoin.
Smaller but strategic purchases
On January 6, MicroStrategy Announce It acquired 1,070 bitcoins for approximately $101 million, or $94,004 per bitcoin, just days after revealing that it would acquire more of the cryptocurrency through perpetual preferred stock, common stock and debt.
This $101 million purchase “continues a pattern of smaller, but strategic, acquisitions,” according to IntoTheBlock.
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MicroStrategy had previously purchased nearly $1 billion worth of bitcoin during the weeks of November and December, but the purchases have been smaller in recent weeks, even as the price of bitcoin has fallen from record levels. With MicroStrategy well ahead of its capital goals, this isn't a cause for concern.
MicroStrategy has bought bitcoin for nine straight weeks, reversing a trend of smaller but strategic acquisitions as co-founder and Chairman Michael Saylor aims to advance a bitcoin holding strategy.
In early January, MicroStrategy announced its plans to raise $2 billion through an offering of one or more perpetual preferred shares, which will be senior to its Class A common stock, in the first quarter of 2025.
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