Saylor continues Bitcoin purchases despite the storm: His plan becomes clearer

This morning, bitcoin briefly plunged below 88,000 dollars. But no panic: within a few hours, the asset climbed back above 89,500 dollars. For Michael Saylor, this drop is just another opportunity. The billionaire entrepreneur, faithful to his accumulation strategy, continues his purchases with the regularity of a metronome. Whether it’s windy or rainy in the markets, Saylor stays on his path.

New billion invested: the buying frenzy continues

For the second consecutive week, 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 of 980.3 million dollars, at an average price of 92,098 dollars per unit. The company now holds 671,268 BTC, purchased for about 50.33 billion dollars, representing an average cost of 74,972 dollars per bitcoin.

What strikes is the repetition. Already the previous week, Strategy had grabbed 10,624 BTC for 962.7 million dollars. These two successive purchases of nearly a billion each are unprecedented at this pace, even for Saylor. To finance these massive acquisitions, the company mainly sold 888.2 million dollars in common stock, supplemented by preferred stock sales.

In parallel, Strategy has built a cash reserve of 1.44 billion dollars. Goal: to avoid selling BTC to pay dividends or debt interest. It’s a strong message to investors: no question of touching the war chest.

Bitcoin tossed between Japan, speculations, and strategy

While Strategy was buying by pallets, bitcoin itself was rocking. This weekend, the temporary drop below 88,000 dollars was interpreted by some analysts as an indirect consequence of expectations regarding the Bank of Japan. The possibility of a rate hike in Japan could trigger the unwinding of “carry trade” strategies, thus putting pressure on risky assets like BTC.

But this hypothesis is not unanimous. Some observers believe instead that all this is already priced in. Analyst Sykodelic, on X, summarized bluntly:

If anonymous accounts on X are knowledgeable enough about a subject to react in comments, then it is easy to understand that savvy investors and market makers anticipated it long before, lol. Markets look forward; they move by anticipating events. They move in anticipation of what will happen, not when it happens. 

When bitcoin wobbles, Saylor piles on

Saylor’s strategy is therefore clear: buy bitcoin as soon as a window opens, regardless of short-term volatility. For him, the perfect timing does not exist. What matters is regularity. And to maintain this pace, he does not hesitate to resort to aggressive fundraisings, even if it means diluting shareholders.

Meanwhile, other cryptos like Ethereum or Solana experienced similar tremors this week, illustrating persistent jitteriness in the entire market. Yet, no other CEO seems as determined to take advantage as Saylor.

Key points to remember

• 10,645 BTC purchased by Strategy between December 12 and 14;
• 50.33 billion dollars invested in total by the company in bitcoin;
• A cash reserve of 1.44 billion dollars to avoid selling its BTC;
• BTC price at the time of writing: 89,161 dollars;
• The Bank of Japan is suspected of influencing recent market movements.

If tomorrow bitcoin were to fall to 50,000 dollars, as some predict, it would only delight Saylor. He wouldn’t hesitate to press the “buy” button once again. For him, the lower bitcoin falls, the more valuable it becomes.