This morning, bitcoin briefly dipped below $88,000. But don't panic: in a few hours, the asset rose above $89,500. For Michael Saylor, this drop is just another boon. The billionaire entrepreneur, faithful to his accumulation strategy, continues his shopping with the regularity of a metronome. Whether it's windy or rainy in the markets, Saylor plots his route.
In brief
- Strategy purchased 10,645 BTC for $980.3 million on December 14.
- This is the second week in a row with a purchase of around a billion dollars.
- The company now holds 671,268 BTC, representing over $50.3 billion invested in total.
- A reserve of 1.44 billion was created to avoid selling BTC in the event of a crisis.
New billion invested: the purchasing frenzy is confirmed
For the second week in a row, Strategy, Michael Saylor's company, bet big on bitcoin. Very big. Between December 12 and 14, no less than 10,645 BTC were acquired for a total amount of $980.3 million, at an average price of $92,098 per unit. The company now holds 671,268 BTC, purchased for approximately $50.33 billion, or an average cost of $74,972 per bitcoin.
What is striking is repetition. Already the previous week, Strategy had gotten its hands on 10,624 BTC, for $962.7 million. These two successive purchases of almost a billion each are unprecedented at this rate, even for Saylor. To finance these massive acquisitions, the company primarily sold $888.2 million worth of common stock, supplemented by sales of preferred securities.
At the same time, Strategy has built up a cash reserve of $1.44 billion. Objective: avoid selling BTC to pay dividends or debt interest. This is a strong message to investors: no question of touching the war chest.
Bitcoin tossed between Japan, speculation and strategy
While Strategy bought in pallets, bitcoin was swaying. This weekend, the temporary drop below $88,000 was interpreted by some analysts as an indirect consequence of expectations regarding the Bank of Japan. The possibility of a rise in Japanese rates could cause an unwinding of “carry trade” strategies, thus putting risky assets like BTC under pressure.
But this hypothesis is not unanimous. Some observers believe, on the contrary, that all this is already integrated into prices. The analyst Sykodelic, onsummarized bluntly :
If anonymous accounts on Markets are forward-looking, they move forward by predicting events. They move in anticipation of what is going to happen, not when it happens.
When bitcoin falters, Saylor stacks
Saylor's strategy therefore remains clear: buy bitcoin as soon as a window opens, regardless of short-term volatility. For him, perfect timing does not exist. What matters is consistency. And to maintain this pace, he does not hesitate to resort to aggressive fundraising, even if it means diluting the shareholder base.
At the same time, other cryptos like Ethereum or Solana experienced similar tremors this week, illustrating persistent feverishness across the entire market. Yet no other CEO seems as determined to take advantage of it as Saylor.
Key takeaways
- 10,645 BTC purchased by Strategy between December 12 and 14;
- $50.33 billion total invested by the company in bitcoin;
- A cash reserve of $1.44 billion to avoid selling your BTC;
- BTC price at time of writing: $89,161;
- The Bank of Japan suspected of influencing recent market movements.
If bitcoin were to fall as low as $50,000 tomorrow, as some predict, it would only delight Saylor. He wouldn't hesitate to press the “purchase” button again. For him, the more bitcoin falls, the more valuable it becomes.
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