Three major U.S. companies—MicroStrategy, Marathon Digital, and Riot Platforms—collectively spent over $3.26 billion on Bitcoin acquisitions during the first week of December, significantly increasing their holdings.
This buying spree comes as Bitcoin remains near its all-time high, demonstrating a shift from the traditional strategy of “buying the dip” to purchasing crypto assets at elevated prices. The move is also fueled by optimism surrounding a potential Donald Trump presidency, which many believe could positively influence Bitcoin’s market performance.
Record Bitcoin Price
Bitcoin reached a new all-time high of $103,679 in early December, surpassing the $100,000 milestone for the first time. Despite the surge, these companies have continued their acquisitions, signaling strong confidence in the asset’s long-term value.
Breakdown of Investments
In the first 10 days of December, $3.26 billion was spent by the three firms:
- MicroStrategy:
- Acquired 21,550 BTC worth $2.1 billion between December 2 and December 8.
- Total holdings now stand at 423,650 BTC, valued at $25.6 billion.
- The business intelligence firm remains the largest corporate Bitcoin holder globally.
- Marathon Digital:
- Purchased 11,774 BTC for approximately $1.1 billion.
- Currently holds 40,435 BTC, valued at $3.9 billion at a spot price of $96,500.
- Riot Platforms:
- Acquired 705 BTC worth $68.45 million in a single day.
- The company specializes in Bitcoin infrastructure.
Market Sentiment and Industry Trends
This aggressive Bitcoin acquisition highlights a broader trend among U.S. corporations expressing growing interest in crypto investments. Many companies are optimistic about regulatory improvements that could foster a more favorable environment for the industry.
As the Donald Trump administration prepares to take office next month, analysts expect additional U.S. firms to follow the lead of MicroStrategy, Marathon Digital, and Riot Platforms in bolstering their Bitcoin holdings.
Bitcoin Price Analysis
Despite the significant acquisitions, Bitcoin’s price movement has been relatively modest. Over the past week, the flagship cryptocurrency has gained only 1.2%, currently trading at $98,021, a 0.2% increase in the last 24 hours.
The asset remains 5.4% below its all-time high, reached on December 5, indicating room for further price growth as market activity intensifies.