The corporate Bitcoin behemoth acquired 5,262 BTC between Dec. 16 and Dec. 22, shelling out $561 million in total, according to a Dec. 23 announcement. This latest haul was purchased at an eye-popping average price of $106,662 per Bitcoin, the steepest cost the firm has ever paid per BTC.

MicroStrategy’s BTC Holdings Climb Higher

As of Dec. 22, MicroStrategy’s Bitcoin treasury has swelled to 444,262 BTC, accumulated at an aggregate cost of $27.7 billion, with an average purchase price of $62,257 per Bitcoin.

Source: X

Despite the aggressive approach, the pace of acquisitions has noticeably slowed. The latest purchase accounts for only 12% of MicroStrategy’s December Bitcoin spree, during which it bought 42,162 BTC in total, worth approximately $4 billion. This purchase marks the smallest addition since mid-2024, a stark contrast to the 169 BTC purchased during a brief lull in June and July of the same year.

Source: X

What’s Behind the Slowdown?

This pullback in BTC buying comes amid a cautious outlook from notable crypto figures, such as Arthur Hayes, co-founder of BitMEX. Hayes recently warned of potential market turbulence linked to the inauguration of President-elect Donald Trump in early 2025. His investment firm, Maelstrom, has reportedly adjusted its strategy to wait for potentially lower Bitcoin prices before making new moves.

Additionally, rumors are swirling that MicroStrategy may face a “blackout period” in January 2025, which could restrict the company’s ability to issue shares or convertible bonds for future Bitcoin purchases.

Michael Saylor Remains Unshaken

Despite the rumors and market chatter, MicroStrategy’s founder and executive chairman, Michael Saylor, remains undeterred. In early December, Saylor reaffirmed his commitment to Bitcoin, boldly claiming:

“I’m sure that I will be buying Bitcoin at $1 million a coin — probably $1 billion dollars a day of Bitcoin at $1 million a coin.”

With Saylor at the helm, MicroStrategy shows no signs of shifting its strategy of betting big on Bitcoin, even as market conditions evolve. For now, the company’s approach underscores its unwavering belief in Bitcoin as the ultimate store of value.