Originally published on: December 16, 2024
MicroStrategy’s Bitcoin investment architect, Michael Saylor, dropped hints over the weekend about the firm’s latest Bitcoin acquisition, potentially marking its initial purchase with an average price exceeding $100,000.
On December 15, in a post to X, Saylor raised the question of whether the firm’s Bitcoin portfolio tracker, SaylorTracker, was missing a green dot, implying another round of purchases by the Bitcoin-hungry company.
Saylor has consistently shared the SaylorTracker chart for the past five Sundays since November 10, with a confirmed Bitcoin purchase from MicroStrategy following each post.
If this hint turns out to be accurate for the sixth time, it would suggest that MicroStrategy has acquired its first batch of Bitcoin at an average price surpassing $100,000, with Bitcoin prices staying above six figures since December 13, according to CoinGecko data.
Previously, Saylor’s company confirmed Bitcoin purchases with average prices of $97,862, $95,976, and $98,783 on the last three Mondays from November 25 to December 9, as reported by SaylorTracker data.
Another acquisition towards the top end of this range would bring MicroStrategy closer to a $50 billion Bitcoin portfolio, with the firm currently holding 423,650 Bitcoin valued at over $43.6 billion as of December 15.
These developments preceded Bitcoin’s latest all-time high of $106,554, reinforcing Saylor’s commitment to continuously adding to the company’s Bitcoin holdings, predicting that he will continue buying even at $1 million per coin.
MicroStrategy (MSTR) has emerged as one of the best-performing stocks on the Nasdaq this year, boasting a staggering 496.4% increase year-to-date, according to Google Finance data. Such robust performance has propelled the company into the Nasdaq-100 index, comprising the largest non-financial entities listed on the Nasdaq.
Saylor’s strategic moves in the realm of Bitcoin investments continue to drive MicroStrategy’s growth and reinforce its position as a major player in the evolving cryptocurrency market landscape.
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