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看涨信心减弱?MicroStrategy(MSTR.US)每周比特币购买量持续下降

Is confidence in the Call weakening? MicroStrategy (MSTR.US) continues to see a decline in weekly Bitcoin purchases.

Zhitong Finance ·  Dec 30, 2024 17:00

MicroStrategy's latest Bitcoin purchase data was disclosed on Monday, indicating a further decrease in its weekly purchasing volume compared to before.

According to Zhito Finance APP, the latest Bitcoin purchase data from MicroStrategy (MSTR.US) was disclosed on Monday, showing that its weekly purchasing volume has further decreased compared to previous weeks.

According to securities filings, the company purchased $0.209 billion worth of Bitcoin from December 23 to December 29 at an average price of $97,837 per coin, currently holding a total of 446,400 coins, which is approximately valued at $41.4 billion based on Monday's price of $92,678 per coin.

However, the stock fell more than 8% on Monday, closing at $302.96. As the Global company with the largest Bitcoin holdings, the stock price of MicroStrategy is closely related to the price of Bitcoin. According to CoinDesk data, Bitcoin has dropped about 2% in the past week.

Bitcoin investment remains a core strategy.

Although MicroStrategy's main business is Software Development, it is better known as a major investor in Bitcoin. Benchmark Analyst Mark Palmer pointed out that this marks the eighth consecutive week for MicroStrategy to finance through securities issuance for purchasing Bitcoin.

However, the scale of purchases has significantly decreased in recent weeks. According to the documents disclosed last week, MicroStrategy purchased $0.561 billion worth of Bitcoin, while the previous week it was $1.5 billion, and the week before that reached $2.1 billion.

The reasons for reducing the purchase scale are currently unclear. Possible reasons include that, as the price of Bitcoin is at a historical high, ongoing financing purchases have become more difficult, or more concerning for investors is the company's declining bullish confidence in Bitcoin, despite the fact that Bitcoin's price has doubled this year.

MicroStrategy has not yet responded to these concerns.

Analysts are bullish about long-term development.

Despite the reduced purchase volume, TD Cowen Analyst Lance Vitanza stated that MicroStrategy appears to plan to continue expanding its Bitcoin reserve operations. He expects the company's stock price to continue to outperform the growth rate of Bitcoin prices in the medium to long term, giving it a Buy rating with a target price of $550.

MicroStrategy's stock price has risen nearly 400% this year, primarily driven by market expectations that the Trump administration will adopt a more favorable policy towards the cryptocurrency industry. The significant increase in the company's market cap also led to its inclusion in the NASDAQ 100 Index earlier this month.

Since the beginning of this year, the price of Bitcoin has increased by about 108%.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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