Pakinomist – MicroStrategy, an enterprise software company turned leveraged proxy, has become one of the top corporate Bitcoin holders, with its holdings accounting for 2.1% of the entire Bitcoin supply.
On-chain analytics platform IntoTheBlock highlighted this key fact in a recent tweet while noting a trend that has become apparent in recent weeks.
IntoTheBlock posted a chart alongside its tweet demonstrating the trend of MicroStrategy’s Bitcoin purchases since August 2020. In particular, the year 2024 saw a sharp increase in MicroStrategy Bitcoin purchases. But in recent weeks, especially since the end of December, this trend has slowed.
In 2024 alone, MicroStrategy bought 258,320 BTC for $22.07 billion, or nearly $85,450 per share. BTC. As of January 5, 2025, MicroStrategy holds 447,470 BTC acquired for about $27.97 billion, or nearly $62,503 per share. Bitcoin.
Smaller but strategic purchases
On January 6, MicroStrategy announced the purchase of 1,070 BTC 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.
According to IntoTheBlock, this $101 million purchase continues a pattern of smaller yet strategic acquisitions.
MicroStrategy had previously bought nearly $1 billion in BTC in the weeks of November and December, but purchases have been smaller in recent weeks, even as the BTC price has fallen from record highs. With MicroStrategy well ahead of its capital goals, this is not a cause for concern.
MicroStrategy has bought Bitcoin for nine consecutive weeks, reflecting a trend of smaller but strategic acquisitions as co-founder and chairman Michael Saylor aims to advance his Bitcoin team strategy.
In early January, MicroStrategy announced its plans to raise $2 billion through one or more offerings of perpetual preferred stock, which would be senior to its Class A common stock, in the first quarter of 2025.
