MicroStrategy, a leading corporate holder of Bitcoin, continues to reinforce its digital asset strategy with consistent and timely acquisitions. Despite market fluctuations, the company, under the leadership of Michael Saylor, has demonstrated an unwavering commitment to its "Bitcoin Standard," strategically expanding its impressive holdings.
Latest Strategic Purchase
In its most recent move, MicroStrategy acquired an additional 855 Bitcoin (BTC) for $75.3 million. This purchase, made at an average price of $87,974 per BTC, occurred during a period when Bitcoin's price briefly dipped below $75,000. This opportunistic buying spree has further boosted MicroStrategy's total Bitcoin treasury to an astounding 713,502 BTC, acquired for approximately $54.26 billion at an average cost of $76,052 per coin. Notably, this latest acquisition marked the first time since late 2023 that Bitcoin's price briefly traded below MicroStrategy's average acquisition cost, underscoring the company's discipline in buying during perceived market dips.
A Consistent 'Buy the Dip' Approach
This isn't MicroStrategy's first venture into acquiring Bitcoin when prices fall below its average cost. The company, which launched its Bitcoin Standard in August 2020, first saw Bitcoin trade below its average acquisition price in May 2022. During that period, when Bitcoin fell under $30,000 against an average cost of $30,600, MicroStrategy strategically slowed its purchases, yet still managed to accumulate 8,109 BTC throughout 2022. This pattern continued until late August 2023, with several subsequent dips prompting the acquisition of an additional 28,560 BTC, representing a significant expansion of their holdings during what they considered low-cost periods. This consistent strategy highlights MicroStrategy's long-term conviction in Bitcoin as a foundational asset, leveraging market volatility as an opportunity for further accumulation.
