Pakinomist – Prominent supporter and executive chairman of MicroStrategy, Michael Saylor, recently said that Bitcoin is worth all the money in the world. Saylor continues to back up his sentiment with action, regularly adding Bitcoin to MicroStrategy’s holdings when liquidity allows, despite the fact that such a statement may seem overly dramatic. Recent acquisitions show mixed performance when examining MicroStrategy’s Bitcoin purchase history.
A total of 2,530 BTC were purchased on January 13, 2025 at an average price of $95,972 per coin. Other recent acquisitions paint a different picture, although the acquisition currently shows a modest profit of $3.06 million (1.5%). An example of how erratic these investments can be is the purchase on December 23, 2024 of 5,252 Bitcoin at a price of $106,862 per coin, which led to a loss of $48 million.
MicroStrategy has established itself as one of the largest institutional Bitcoin holders over the years. However, this aggressive accumulation strategy has always paid off in the short term, as the company has often suffered from fluctuations. Saylor’s belief in Bitcoin’s long-term value is evident in his unwavering confidence in the cryptocurrency despite this.
Based on a price chart analysis, Bitcoin is currently trading near $97,000, with a solid support level at $88,000. Bitcoin’s ability to hold above the 50 EMA, a critical indicator, indicates that a bullish trend may continue. However, any upside breakout would be difficult in the near term because there is still a lot of resistance around $100,000.
Along with MicroStrategy’s buying patterns, Saylor’s steadfast devotion to Bitcoin highlights the institutional consensus about its potential. These actions show faith in Bitcoin as a long-term store of value, even if short-term volatility is inevitable. For now, MicroStrategy’s position is unequivocal: bet a big bet on Bitcoin. It remains to be seen whether this approach will prove prudent in the coming years.
