Emily Walker
Microstrategy, led by Michael Saylor, has revealed its latest acquisition of Bitcoin, increasing its total holdings to 439,000 BTC.
Microstrategy Purchases Additional 15,350 BTC
Throughout the ongoing Bitcoin bull market, Microstrategy has been a significant investor. Despite the rise in Bitcoin’s price, the firm continues to acquire more, announcing a recent purchase of 15,350 BTC for roughly $1.5 billion, averaging $100,386 per Bitcoin, from December 9th to 15th.
CryptoQuant’s analyst, Maartunn, recently shared a chart on X showing Microstrategy’s purchasing activity over the past months.
This latest acquisition, while the least in Bitcoin quantity among their recent buys, is notable in terms of total USD spent due to Bitcoin’s appreciating value since the previous purchase of 15,400 BTC earlier in December.
With this purchase, Microstrategy’s Bitcoin holdings have now reached 439,000 BTC, as illustrated in the chart below.
The chart indicates that the firm’s buying activities during this bull market have been more intense compared to the 2021 rally, marking their largest accumulation phase yet.
To date, Microstrategy has invested $27.1 billion in Bitcoin, purchasing at an average price of $61,725, which has resulted in over 72% profits at current market prices.
In related news, as Bitcoin has surpassed its all-time high (ATH) of over $106,000, on-chain analytics firm Glassnode has reported on the accumulation trends leading up to this milestone via its Cost Basis Distribution (CBD) tool.
The CBD tool analyzes the amount of Bitcoin acquired at various price levels based on the last transaction price or Realized Price of each token. The chart shows significant buying and selling activity in the $96,000-$100,000 range, with a notable cluster in the $97,000-$98,000 bracket representing the cost basis of 500,000 BTC.
While trading has continued above the $100,000 mark, no substantial supply clusters have formed yet, particularly beyond $103,000 where the market remains limited.
Current BTC Price
As of now, Bitcoin is priced at approximately $106,400, marking an increase of over 8% in the past week.