PK Press Club – Prominent supporter and executive chairman of MicroStrategy, Michael Saylor, recently said that Bitcoin is worth all the money in the world. Saylor continues to back his sentiment with action, regularly adding Bitcoin to MicroStrategy’s holdings whenever liquidity allows, despite the fact that such a statement might seem overly dramatic. Recent acquisitions show mixed performance when examining MicroStrategy’s Bitcoin purchase history.
A total of 2,530 BTC were purchased on January 13, 2025, at an average price of $95,972 per coin. Other recent acquisitions paint a different picture, although the purchase currently shows a modest profit of $3.06 million (1.5%). An example of the irregularity of these investments is the December 23, 2024 purchase of 5,252 Bitcoins, at a price of $106,862 per coin, which resulted in a loss of $48 million.
MicroStrategy has established itself as one of the largest institutional holders of Bitcoin over the years. This aggressive accumulation strategy always paid off in the short term, however, as the company often suffered from fluctuations. Despite this, Saylor’s confidence in the long-term value of Bitcoin is evident in his unwavering faith in the cryptocurrency.
Based on price chart analysis, Bitcoin is currently trading near $97,000, with a strong support level at $88,000. Bitcoin’s ability to hold above the 50 EMA, a critical indicator, indicates that an uptrend could continue. However, any upside breakout would be difficult in the near future as there is still strong resistance around $100,000.
Alongside MicroStrategy’s buying patterns, Saylor’s unwavering dedication to Bitcoin highlights the institutional consensus regarding its potential. These actions show confidence in Bitcoin as a long-term store of value, even if short-term volatility is inevitable. For now, MicroStrategy’s position is unambiguous: bet big on Bitcoin. It remains to be seen whether this approach will prove prudent in the years to come.
