MicroStrategy’s CEO, Michael Saylor, has once again teased a significant Bitcoin acquisition, this time possibly marking the company’s first purchase with an average price above $100,000. The business intelligence firm, which holds the largest corporate Bitcoin portfolio, has been on a Bitcoin-buying spree in recent weeks, and Saylor’s latest cryptic post hints at another major acquisition.
MicroStrategy’s Bitcoin Buying Streak Continues
On Dec. 15, Saylor posted on X (formerly Twitter), questioning whether his Bitcoin tracker, SaylorTracker, was “missing a green dot,” suggesting that MicroStrategy had purchased more Bitcoin over the weekend. This marks the fifth consecutive Sunday that Saylor has shared the SaylorTracker chart, with each previous post being followed by an official confirmation of a Bitcoin purchase the next day.
If the latest hint holds true, this would be MicroStrategy’s first Bitcoin purchase with an average price exceeding $100,000. According to CoinGecko data, Bitcoin has not traded below six figures since Dec. 13, making this a likely milestone for the firm.
MicroStrategy’s Bitcoin Holdings and Strategy
Over the past few weeks, MicroStrategy has purchased Bitcoin at an average price of $97,862, $95,976, and $98,783. These purchases have added substantial value to its growing portfolio, which now holds 423,650 Bitcoin, valued at over $44.58 billion as of Dec. 16. The firm’s Bitcoin acquisitions have totaled billions of dollars, with Saylor confident that the company will continue buying, even if Bitcoin’s price reaches $1 million.
Saylor’s strategy of accumulating Bitcoin has paid off, with MicroStrategy’s stock (MSTR) surging by an impressive 496.4% year-to-date. The firm’s strong performance has even earned it a spot in the Nasdaq-100 index, a list of the 100 largest non-financial companies on the Nasdaq.
As Bitcoin prices continue to rise, MicroStrategy’s Bitcoin holdings could soon approach a market value of $50 billion, solidifying the company’s position as a major player in the cryptocurrency space. The firm’s commitment to Bitcoin remains unwavering, and its strategy is likely to have a significant impact on the market in the coming months.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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