Michael Saylor, the CEO of MicroStrategy, has hinted that the company may have purchased more Bitcoin over the weekend, marking its first acquisition with an average purchase price exceeding $100,000.
In a recent post on X, Saylor cryptically asked if the SaylorTracker, which monitors MicroStrategy’s Bitcoin holdings, was “missing a green dot.” This has become a recurring pattern, with each of his past five Sunday posts on X preceding a Monday announcement of a new Bitcoin purchase.
If this pattern holds true this week, it would signify MicroStrategy’s first Bitcoin acquisition at an average price above $100,000, given that Bitcoin has traded above this level since December 13th.
Accumulating Bitcoin at a Record Pace
MicroStrategy has been aggressively accumulating Bitcoin throughout 2024. In recent weeks, the company has purchased Bitcoin at an average price of $97,862, $95,976, and $98,783, respectively. These purchases have seen MicroStrategy invest a significant amount of capital, totaling over $7.2 billion in the past three weeks alone.
With these consistent acquisitions, MicroStrategy is nearing a $50 billion Bitcoin portfolio. As of December 15th, the company holds 423,650 Bitcoin, currently valued at over $43.6 billion.
Saylor Remains Bullish on Bitcoin
Saylor has consistently expressed his bullish sentiment on Bitcoin, stating that he expects to continue buying Bitcoin even at prices as high as $1 million.
MicroStrategy’s Success Reflects in Stock Performance
MicroStrategy’s Bitcoin-centric strategy has significantly impacted its stock price. MSTR has been one of the top-performing stocks on the Nasdaq this year, with a remarkable 496.4% year-to-date return. This strong performance has even earned MSTR a place in the prestigious Nasdaq-100 index.
December 2024, Cryptoniteuae
