Executive Chairman Michael Saylor has hinted at MicroStrategy’s first $100,000 Bitcoin acquisition. Saylor wrote on X (previously Twitter) on December 15, 2024, hinting that SaylorTracker, the company’s Bitcoin portfolio tracker, maybe “missing a green dot,” a slight sign of a recent acquisition.
For five Sundays since November 10, Saylor has released the SaylorTracker graphic, and MicroStrategy confirmed a Bitcoin purchase the following day. According to Saylor’s sixth indication, MicroStrategy bought its first Bitcoin batch at an average price of over $100,000 since Bitcoin hasn’t traded below six figures since 5:00 pm UTC on Dec. 13.
SaylorTracker, a business intelligence organization, purchased Bitcoin at an average price of $97,862, $95,976, and $98,783 per Monday from Nov. 25 to Dec. 9, resulting in $1.5 billion and $5.7 billion in purchases. Another batch toward the top of that range would put the firm within the grasp of $50 billion in Bitcoin. Dec. 15 saw the business own 423,650 Bitcoin valued at $43.6 billion.
Saylor’s Tracker
MicroStrategy Executive Chairman Michael Saylor updates his “SaylorTracker” chart on Bitcoin acquisitions weekly. He posts an update every Sunday, frequently before a Bitcoin buy. The tracker shows Bitcoin purchases and average prices. This habit has prompted some to believe that Saylor’s latest remark about buying Bitcoin above $100,000 is
Another sign of MicroStrategy’s commitment to buying Bitcoin. With Bitcoin’s current price jump, Saylor’s continuous purchases indicate a long-term strategy to increase its value. Saylor posts the SaylorTracker chart every Sunday before MicroStrategy confirms a Bitcoin purchase.
This continuous behavior has led to conjecture that the latest indication suggests an acquisition at above $100,000 per Bitcoin. Since Bitcoin’s price has been over this threshold since December 13, 2024, this acquisition would be significant for the corporation.
MicroStrategy’s Bitcoin Portfolio
MicroStrategy has about 423,650 Bitcoins as of December 15, 2024, worth more than $43.6 billion. With an average purchase price of almost $39,266 per Bitcoin, the business has become the largest corporate holder of the cryptocurrency thanks to its aggressive investing plan.
As of December 2024, MicroStrategy has 423,650 Bitcoins, making it the greatest corporate Bitcoin ownership. The market value of this enormous collection is approximately $43.6 billion. MicroStrategy’s Bitcoin purchasing strategy was introduced in 2020 by
Executive Chairman Michael Saylor supports Bitcoin as a long-term asset. Compared to its current market value of over $100,000 per Bitcoin, the company’s average acquisition price is $39,266 per Bitcoin. MicroStrategy keeps increasing its Bitcoin holdings,
Which has influenced its financial identity despite market volatility. The company provided cash flows, loans, and equity to fund a number of these deals. MicroStrategy’s faith in Bitcoin’s long-term value store is demonstrated by this strategy.
MicroStrategy’s Impact
The possible purchase price of almost $100,000 demonstrates MicroStrategy’s steadfast belief in Bitcoin’s future worth. This action may impact market sentiment and institutional investors, particularly in light of the recent spike in the price of Bitcoin, which has topped $106,000.
MicroStrategy’s Bitcoin acquisitions impact the market, particularly the potential purchase of more than $100,000 per Bitcoin. Its substantial Bitcoin holdings and resolve to add more could influence investor sentiment and inspire other institutional investors to do the same.
The steps taken by MicroStrategy also demonstrate the increasing trend of businesses embracing Bitcoin as a store of value, which may lead to price increases. The company’s activities might also increase the validity of Bitcoin, attract institutional and individual investors, and help stabilize and expand the market.
Conclusion
MicroStrategy’s reputation as a significant institutional investor in the cryptocurrency market has been further cemented by Michael Saylor’s recent remark that it may have purchased Bitcoin at an average price exceeding $100,000. This move demonstrates the business’s dedication to Bitcoin and may have a big impact on institutional investment plans and the cryptocurrency industry.
