MicroStrategy disclosed it bought 855 Bitcoin last week after prices briefly fell below $75,000. The purchase, reported in a U.S. Securities and Exchange Commission filing, cost about $75.3 million at an average price of $87,974 per BTC.
Bitcoin had started the week above roughly $87,700 and climbed toward $90,000 before dropping below $75,000 on Sunday, according to CoinGecko. With this latest acquisition, MicroStrategy’s total Bitcoin holdings rise to 713,502 BTC, bought for about $54.26 billion at an average cost of $76,052 per coin.
MicroStrategy launched its Bitcoin Standard program in August 2020 and has steadily accumulated since. A previous stretch when Bitcoin traded beneath the company’s average purchase price occurred in May 2022, when BTC fell below $30,000 and MicroStrategy’s then-average cost was about $30,600. That decline prompted a slowdown in buying: the company acquired just 8,109 BTC in 2022.
Bitcoin stayed under MicroStrategy’s cost basis until late August 2023, with a subsequent brief dip. During that below-cost period, MicroStrategy completed seven purchases totaling 28,560 BTC—about 22% of the 129,218 BTC it held at the start of the period.
Despite bearish signals after the weekend sell-off, some market bettors remain optimistic about MicroStrategy’s future accumulation. Broader markets showed a roughly 72% chance of Bitcoin dropping below $65,000, while Polymarket priced an 81% probability that MicroStrategy’s holdings will reach 800,000 BTC by Dec. 31, 2026. Reaching that target would require the company to buy at least about 87,000 BTC by the end of 2026.
MicroStrategy founder Michael Saylor has previously forecast long-term bullish scenarios for Bitcoin, including a prediction that it could reach $21 million per coin by 2046.
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