bullish

Bitcoin

Billion

Michael Saylor, the architect of MicroStrategy’s aggressive Bitcoin acquisition strategy, has dropped yet another hint suggesting his firm has purchased more of the leading cryptocurrency. In a December 15 <a href="https://x.com/saylor/status/1868277366226841996" rel="noopener noreferrer nofollow">post</a> on X, Saylor teased the absence of a “green dot” on the Bitcoin portfolio <a href="https://saylortracker.com/" rel="noopener noreferrer nofollow">tracker</a>, known as SaylorTracker, sparking speculation about a new buy.
Over the past five Sundays, Saylor has posted similar updates, each followed by official confirmation of Bitcoin purchases the next day. If the trend holds, this would mark MicroStrategy’s first Bitcoin acquisition with an average purchase price exceeding $100,000 per coin. Bitcoin prices have stayed above the six-figure mark since December 13, according to CoinGecko <a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow">data</a>.
<h2 id="a-50-billion-bitcoin-portfolio-within-reach">A $50 Billion Bitcoin Portfolio Within Reach</h2>
<a href="https://thecoinrise.com/microstrategy-makes-1-5b-investment-to-boost-its-bitcoin-stash/" rel="noopener noreferrer nofollow">MicroStrategy’s Bitcoin acquisition</a> over recent weeks has seen the firm pay average prices ranging between $95,976 and $98,783 per BTC. The latest hint suggests the company’s holdings may now approach the $50 billion milestone. As of December 15, MicroStrategy holds 423,650 Bitcoin valued at $43.6 billion.
The timing aligns with Bitcoin’s meteoric rise to a new all-time high of $106,554 on December 14, as investor optimism surges amid broader market rallies. Saylor, known for his bullish stance on Bitcoin, has made it clear that the firm’s buying spree is far from over. In previous interviews, he confidently stated his intention to continue purchasing Bitcoin even if its price soars to $1 million.
<h2 id="microstrategy-stock-shines">MicroStrategy Stock Shines</h2>
MicroStrategy’s stock (MSTR) has been a star performer this year, with its share price skyrocketing by 496.4% year-to-date, according to Google Finance data. The impressive performance has earned it a <a href="https://thecoinrise.com/microstrategy-joins-nasdaq-100-bringing-bitcoin-exposure-to-mainstream-investors/" rel="noopener noreferrer nofollow">spot in the prestigious Nasdaq-100 index</a>, which tracks the 100 largest non-financial companies listed on the Nasdaq.
The firm’s unwavering commitment to Bitcoin has solidified its reputation as a trailblazer in corporate crypto adoption. This latest move, if confirmed, will further underscore Saylor’s belief in Bitcoin as a long-term store of value and a hedge against inflation.
MicroStrategy’s growing portfolio and Bitcoin’s record-breaking rally signal that the cryptocurrency remains a dominant force in the financial world.
The post <a href="https://thecoinrise.com/microstrategy-hints-at-new-bitcoin-purchase-above-100k-as-btc-hits-new-ath/" rel="noopener noreferrer nofollow">MicroStrategy Hints at New Bitcoin Purchase Above $100K as BTC Hits New ATH</a> appeared first on <a href="https://thecoinrise.com/" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.

MicroStrategy Hints at New Bitcoin Purchase Above $100K as BTC Hits New ATH

Table of Contents

TheCoinrise Media

Other articles published on Dec 16, 2024

Stellar Analysis: 209% Rally Positions XLM for $2 Target, Says Top Expert

Spot Ethereum ETFs Achieve Record Weekly Net Inflows

Shiba Inu’s Waning Interest: Decreased Active Addresses and Burn Rate Signal Potential Price Corr...

South Korea Hits Record $34B in 24-Hour Crypto Trading Volume Amid Emergency Martial Law

Floki Inu Faces a Tough Month, BONE Breaks Out, and BTFD Coin Becomes the Star Among the Best Mem...

Will Bitcoin Hit New Records This Week?

Join our free newsletter for daily crypto updates!