2025-12-30 03:24:44

MicroStrategy, a pioneer in Bitcoin reserve strategies, recently raised additional funds through a common stock offering. The company raised a total of $108.8 million, all of which was used to purchase Bitcoin. Last week, they made a one-time purchase of 1,229 BTC at an average cost of $88,568 per coin.

In terms of holdings, MicroStrategy has become a heavyweight player in the industry. As of the end of December, the company's Bitcoin reserves reached 672,497 BTC, with a total invested cost of $50.44 billion. The average holding cost has decreased to $74,997 per BTC. This indicates that the company has continuously lowered its average cost through ongoing purchases, demonstrating its accumulation capability in volatile markets.

Investment bank TD Cowen remains optimistic about the company's prospects, maintaining a "Buy" rating with a 12-month target price of $500. Recently, the company's founder, Michael Saylor, hinted at restarting active Bitcoin purchasing plans. Prior to this, the company temporarily paused its Bitcoin purchases, transferring the $748 million raised into USD reserves. Currently, the USD reserve has expanded to $2.19 billion, providing ammunition for continued accumulation over the next 32 months.

Looking at the entire cycle, the company's "dual reserve" model—holding both Bitcoin and cash reserves—provides it with flexible market response capabilities. Whether Bitcoin rises or falls, the company has sufficient funds to continue executing its established accumulation strategy.

BTC0,42%

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IntrovertMetaverse

· 2h ago

Mike still understands the rhythm, this move is a bit perfect.

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SchrodingerGas

· 10h ago

A typical DCA game, creating a "dual reserve" label that sounds fancy, but essentially it's just a rational expectation of betting on BTC's long-term appreciation—nothing new. Wait, 720,000 BTC... Is this really the modern version of the "HODL address" risk concentration issue? Have you discussed the risk of single points of failure with counterparties? Saylor is just applying traditional financial management to crypto, maximizing efficiency... but I really want to see the gas wars at the moment of on-chain transfers. By the way, if this approach is copied across the entire industry, wouldn't the bottom consensus become too obvious? It might even become the biggest risk factor.

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AllTalkLongTrader

· 10h ago

Saylor's "dual reserve" strategy is indeed quite clever—buying coins with idle funds and storing cash in USD, risk management at its best. The highest level of being a "foolish but wealthy" series—holding over 670,000 BTC just like that, impressive. Buying coins at 88k? Well, this timing is pretty good, and the average cost has been lowered again. Truly accumulating against the trend. As for the target price of 500, dare to be more aggressive... If MicroStrategy can hold out until the next bull market, this strategy will go down in history. Doubling or even tripling the current price shouldn't be a problem. Companies like this should be more common—just push the coin price up directly.

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AlwaysAnon

· 11h ago

Saylor is really tough—holding 670,000 Bitcoins. No one plays this strategy better.

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DataPickledFish

· 11h ago

MicroStrategy's move this time is truly brilliant, acquiring 670,000 BTC, with an average cost still down to $75,000. This is the power of having money and patience. Saylor is indeed a Bitcoin believer, consistently buying on dips. The dual reserve model has certainly given them ample ammunition. Previously, they paused buying to accumulate dollar reserves, and now they are starting to stockpile coins aggressively. The timing is impeccable. It would be great if retail investors like us could do the same, but unfortunately, we don't have that many bullets. A target price of $500 still seems a bit uncertain, but with the holding cost pushed down like this, there is long-term potential. I'm just worried that Bitcoin might experience another big plunge soon. At that point, we'll see if MicroStrategy continues to buy the dip or just starts stockpiling cash again.

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RektButSmiling

· 11h ago

Saylor is really crazy. Holding onto over 670,000 Bitcoins without letting go. I think he's planning to hold until the next bull market.

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JustHereForMemes

· 11h ago

Saylor is really incredible, with 670,000 Bitcoins... If the price drops, I would feel sorry for him, but judging by his trading pace, he's definitely steady.

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