MicroStrategy has been on a Bitcoin buying spree in Q4.
They acquired almost 200k BTC through seven different buying events.
They now own 2.12% of the total supply.
That's more than the Grayscale and Fidelity ETFs combined.

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Odaily reported that HODL15Capital has released on-chain activities since the launch of the US Bitcoin spot ETF. So far this year, over 1.1 million BTC have been transferred to "strong(er) hands", including 9 new ETFs and MicroStrategy. Additionally, Grayscale GBTC/BTC has sold a total of 373,787 BTC, the German government has sold 50,000 BTC, and mining output has been 209,683 BTC.

This year, 9 new Bitcoin ETFs and MicroStrategy in the United States have increased their holdings by more than 1.1 million BTC

Michael Saylor, the founder of MicroStrategy and the Executive Chairman overseeing the Bitcoin strategy, has just revealed the net profit from the Bitcoin investment that the company has shared with shareholders in the week...

MicroStrategy Gives “Bitcoin Gift” to Company Shareholders

Odaily reported that Sean McNulty, the trading director of liquidity provider Arbelos Markets, said: "MicroStrategy's announcement to issue more shares next year to buy more Bitcoin has driven up the price of Bitcoin. The market has a forward-looking attitude towards MicroStrategy's Bitcoin purchase, which is the main reason for the market's rise." According to a filing with the US SEC on December 23, MicroStrategy is seeking to increase the authorized number of Class A common stock and preferred stock. So far this year, Bitcoin has risen 135%, outperforming traditional investments such as global stocks and gold. In addition, Bitcoin options with a notional value of $13.95 billion and Ethereum options with a notional value of $3.77 billion on Deribit will expire and be settled on Friday, with the platform's open contract positions exceeding $43 billion, a new high. McNulty added: "Market makers may unwind their hedges, which may lead to market volatility on Friday."

Analysis: Crypto market makers may unwind hedges, leading to market volatility on Friday

The main question now is whether MicroStrategy is overextending itself. But then again, does anyone ever own enough Bitcoin?
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