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MicroStrategy’s Saylor hints at first Bitcoin purchase above $100K

MicroStrategy’s Michael Saylor has posted the same Bitcoin chart for five consecutive Sundays, and every time, MicroStrategy confirmed a new Bitcoin purchase the following day.

COINTELEGRAPH IN YOUR SOCIAL FEED

Michael Saylor, the orchestrator of MicroStrategy’s Bitcoin investment strategy, hinted it bought more Bitcoin over the weekend — marking the firm’s first acquisition with an average purchase price of over $100,000.

In a Dec. 15 post to X, Saylor asked whether MicroStrategy’s Bitcoin (BTC) portfolio tracker SaylorTracker was “missing a green dot” — hinting the Bitcoin-stacking firm has purchased again.

Source: Michael Saylor

Saylor has posted the SaylorTracker chart for five consecutive Sundays since Nov. 10 and each time, a Bitcoin purchase from MicroStrategy has been confirmed the following day.

If Saylor’s hint is true for the sixth time, it would mean MicroStrategy bought its first Bitcoin batch with an average purchase price of over $100,000, as Bitcoin hasn’t traded below six figures since 5:00 pm UTC on Dec. 13, CoinGecko data shows.

Saylor’s business intelligence firm has confirmed it bought Bitcoin at an average purchase price of $97,862, $95,976 and $98,783 over the last three Mondays from Nov. 25 to Dec. 9, SaylorTracker data shows, buying $1.5 billion and $5.7 billion worth of Bitcoin over those last three batches.

Another batch toward the upper limit of that range would put the firm within arm’s reach of a $50 billion Bitcoin portfolio. As of Dec. 15, the company holds 423,650 Bitcoin worth over $43.6 billion.

Related: Trump may use Bitcoin as US reserve asset on ‘day one’ — How high will BTC price go?

It comes just a day before Bitcoin breached a new all-time high of $105,100.

Saylor has said the firm won’t stop buying anytime soon, saying he’s “sure” he’ll still be buying Bitcoin at $1 million.

MSTR has been one of the best-performing stocks on the Nasdaq this year, up an eye-popping 496.4% year-to-date, Google Finance data shows.

MSTR’s change in share price in 2024. Source: Google Finance

Its strong performance has even earned it a place in the Nasdaq-100 — a stock market index made up of equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq.

Magazine: AI may already use more power than Bitcoin — and it threatens Bitcoin mining

This article first appeared at Cointelegraph.com News

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Written by Outside Source

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