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MicroStrategy has made 6 massive Bitcoin purchases since November.
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In three years, the company accumulated more than 180,000 bitcoin for its treasury.
MicroStrategy, the enterprise software company, bought as much bitcoin (BTC) in one month as it has in the last 3 and a half years. Since November 2024, bitcoiner Michael Saylor’s company has invested more than $17 billion in BTC.
Based on tracking BTC purchases by SaylorTracker.comMicroStrategy made six massive bitcoin purchases between November 11 and December 16. In that period, the company acquired 186,780 bitcoin.
These acquisitions included operations of more than 10,000 bitcoin each, with peaks of up to 55,000 BTC. The total investment during this period amounted to 17.13 billion dollarsaccording to that same source.
This amount of bitcoin is comparable to everything MicroStrategy accumulated in its treasury in the last three years. In detail, between January 22, 2021 and September 20, 2024, the company bought a total of 181,750 BTCwith an investment of approximately 8.84 billion dollars.
Before November this year, from February 6 to September 20, MicroStrategy acquired 63,070 BTC, with an investment of about 4,000 million dollars.
MicroStrategy’s BTC purchases have been large in the last month. Source: SaylorTracker.com.
The November and December purchases have led to MicroStrategy currently owning a treasure of 439,000 bitcoin on average. This increase in the BTC reserve underlines the company’s strategy to use the world’s most important digital currency as a store of value.
Although these purchases have been significant, they have not altered the market in a noticeable way. Michael Saylor explained that MicroStrategy uses a TWAP (Time Weighted Average Price) algorithm. to make your purchases so that they go unnoticed in the market, and do not influence the price of the currency. Furthermore, these operations have been carried out through regulated exchanges in the United States, such as Coinbase, as CriptoNoticias reported this week.
The TWAP algorithm is a trading methodology that spreads the execution of a large order over a specific period, with the goal that the average execution price approaches the average market price during that time interval.
Aggressive BTC buying strategy has inspired other companies from various sectors and countries. These have followed the example of MicroStrategy, motivated by the successful results of their investment in bitcoin.
And, as a direct consequence of this strategy, MicroStrategy shares have hit recordsbecoming quoted above $540as this media has reported.
MicroStrategy shares hit all-time highs due to bitcoin reserve strategy. Source: TradingView.
Currently, MicroStrategy is the publicly traded company with the largest amount of BTC in custody, becoming one of the great whales of the bitcoin market. The company has demonstrated how a corporate strategy based on the acquisition of this currency can have a significant impact on its market value and its position within the nascent ecosystem.
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