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Strategy (formerly MicroStrategy) bought the largest amount of Bitcoin since November 2024, just one day before the price of Bitcoin fell below the $90,000 threshold.
The company continued its continued commitment to its aggressive approach to accumulation, but Strategic’s shares fell more than 7%.
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The largest purchase of Bitcoin by a strategy since 2024
On Tuesday, Strategy announced the purchase of 22,305 Bitcoin With an approximate value of $2.13 billionbringing their possible total Bitcoins to 709,715.
The agreement took place on Monday, marking the largest purchase of Bitcoin executed by Strategy since November 2024. This transaction also follows two additional purchases completed earlier in January, underlining the company’s continued commitment to expand its Bitcoin treasury.
Despite the recent buying volume, the market reaction remains weak. As happened in the acquisition announced last Monday, This move could not boost the confidence of investors In long-term strategic perspectives.
The company’s shares have fallen by 7.39% in the last 24 hours, with… MSTR stock exchange At $160.87 at the time of writing this report.
The company’s approach to timing the purchase of Bitcoin has also faced criticism.
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Bitcoin accumulation continues despite market weakness
According to Monday’s filing, Strategy paid an average price of $95,284 per bitcoin. However, on the same day Bitcoin was trading near $92,500 and temporarily fell below $90,000 the next day.
The timing highlighted a recurring pattern in which the Strategy failed to capitalize on short-term price declines.
Pinkrypto said in December that The company spent about 1 billion $ to acquire 10,624 Bitcoin. Although Bitcoin had fallen to around 86,000 at the time, Strategy executed the purchase after the price recovered to around 90,615.
This approach has raised ongoing questions about… Entry strategy for the company And their apparent willingness to accumulate Bitcoin at a high price level rather than during periods of market decline.
This also contributed To a limited extent to dispel the concerns of shareholders on broader capital allocation decisions.
Last month saw a modest recovery, however, Bitcoin could not recover the 100,000 level. At the same time, led The growing fear of analysts of a potential bear market To increase uncertainty about asset price prospects in the near term.
In this context, Strategy continued to implement its consolidation plan.
Although this approach is intended to signal confidence in Bitcoin’s long-term prospects, it has so far only slightly alleviated investors’ short-term concerns.
