On December 23, MicroStrategy purchased 5,262 Bitcoins (BTC) at an average price of $106,662, marking its smallest purchase since July 2024. With a total of 444,262 Bitcoins at an average price of $62,257, the company made this purchase at a peak price. Peter Schiff, a prominent Bitcoin critic, sees this purchase as a sign of Michael Saylor, MicroStrategy’s CEO, losing influence in supporting Bitcoin prices. Despite a 12% decrease in Bitcoin’s price after this purchase, MicroStrategy’s shares are still traded with a 100% premium compared to the value of its Bitcoin assets.
