MicroStrategy's First Bitcoin Buy Above $100K
MicroStrategy, the leading corporate Bitcoin investor, appears poised to make history with its first Bitcoin purchase above the $100,000 price mark, according to signals from CEO Michael Saylor.
On December 15, Saylor posted a subtle hint on X (formerly Twitter) about an upcoming Bitcoin acquisition, referencing a missing "green dot" on the company's Bitcoin tracker. This pattern of Sunday posts has consistently preceded confirmed purchases the following day since November 10.
The timing is notable as Bitcoin recently reached a new all-time high of $106,554, creating an opportunity for MicroStrategy to expand its holdings. The company currently owns 423,650 Bitcoin, valued at over $43.6 billion as of December 15.
The anticipated purchase continues MicroStrategy's aggressive acquisition strategy, following recent buys at prices between $95,000 and $98,000. This latest move could push the company's total Bitcoin holdings closer to the $50 billion mark.
MicroStrategy's bold Bitcoin strategy has proven highly successful, with its stock price increasing nearly 500% this year. This remarkable performance has earned the company a coveted spot in the prestigious Nasdaq-100 index.
Saylor, who has been the driving force behind MicroStrategy's Bitcoin strategy, remains bullish on the cryptocurrency's future, stating his willingness to continue purchasing even if prices reach $1 million per coin.
This potential purchase above $100,000 would mark a new milestone in MicroStrategy's Bitcoin journey and further cement its position as the largest corporate holder of the cryptocurrency.