In summary:
MicroStrategy’s latest $101 million Bitcoin purchase marks a significant decrease from previous billion-dollar deals.
Despite the reduced buying power, Michael Saylor remains publicly committed to an aggressive Bitcoin acquisition strategy.
Analysts suggest MicroStrategy’s cash reserves are dwindling, raising questions about the sustainability of future BTC purchases.
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MicroStrategy founder, Michael Saylor, announced another major Bitcoin purchase today, worth $101 million.
MicroStrategy’s Bitcoin purchases have declined sharply in the past month, from individual purchases of over $5 billion to much smaller ones. However, no public statements from Saylor reflect this downward trend.
See Also: MicroStrategy’s Bitcoin Strategy Will Be a Double-Edged Sword for the Market
Is MicroStrategy’s Bitcoin Buying Strategy Losing Momentum?
Ever since Michael Saylor began his grand Bitcoin buying vision, MicroStrategy has become one of the world’s largest BTC holders. Today, he made another major purchase, seemingly continuing his aggressive buying spree.
“MicroStrategy has acquired 1,070 BTC for ~$101 million at ~$94,004 per bitcoin and has achieved BTC Yield of 48.0% in Q4 2024 and 74.3% in FY 2024. As of 01/05/2025, we hodl 447,470 $BTC acquired for ~$27.97 billion at ~$62,503 per bitcoin,”
Saylor declared.
However, by this point, it is clear that his campaign is losing momentum. In late November, MicroStrategy bought $5.4 billion in BTC during Bitcoin’s bull run. The next major purchase was two weeks later, at $2.1 billion, and then another $1.5 billion the following week. By the end of December, this dropped to $561 million, with another $209 million soon after. In other words, Saylor is rapidly scaling back these Bitcoin purchases. Analyst Jacob King even stated that MicroStrategy is “running out of cash and momentum is fading.”
In mid-December, there were persistent rumors that the company might pause BTC purchases in January, but Saylor’s public statements do not reflect any possible hiatus.
In fact, all his public statements lead to the conclusion that Saylor wants to continue his aggressive Bitcoin buying strategy. On Jan. 4, he planned a $2 billion stock offering, stating that the proceeds would go entirely towards new purchases. He has also encouraged the U.S. government to go on its own buying spree.
In other words, MicroStrategy’s public statements do not make any direct acknowledgment of this change. However, by this point, it is abundantly clear that Saylor cannot spend as much on Bitcoin as he used to. Eventually, MicroStrategy will be forced to confront this downward trend, but it is unclear how the company will proceed.
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