Michael Saylor Hints at Another Bitcoin Purchase, Suggesting It Could Be MicroStrategy's First Acquisition Above $100K

This development comes as Bitcoin reached a new all-time high, reflecting strong momentum in the cryptocurrency market.

Michael Saylor, executive chairman of MicroStrategy, might be teasing another Bitcoin [BTC] purchase, hinting at the possibility of the company’s first acquisition at an average price above $100,000 per coin.

This development comes amid Bitcoin’s achievement of a new all-time high, reflecting bullishness in the cryptocurrency market.

Saylor hints at another Bitcoin purchase

Michael Saylor took to X (formerly Twitter) to ask if SaylorTracker, a platform that tracks MicroStrategy’s Bitcoin holdings, was “missing a green dot.”

This statement has sparked speculation that MicroStrategy purchased more Bitcoin over the weekend.

Source: X

Saylor has made similar posts on five consecutive Sundays since the 10th of November. In each case, a confirmed Bitcoin purchase by MicroStrategy followed the next day.

The company previously acquired Bitcoin at average prices of $97,862, $95,976, and $98,783 on three consecutive Mondays from the 25th of November to the 9th of December, according to SaylorTracker data.

Bitcoin reaches new ATH

The speculation surrounding MicroStrategy’s purchase comes as Bitcoin achieved a record-breaking price of $106,554.

At press time, Bitcoin was trading at $104,958, showing a 3.14% increase in the past 24 hours and a 6.05% rise over the past week.

With Bitcoin’s circulating supply at 20 million BTC, its market capitalization now stands at over $2 trillion.

Increased trading volumes and strong investor interest have contributed to the cryptocurrency’s bullish momentum.

According to Santiment data, since the 10th of October, there has been a 9.9% rise in wallets holding at least 100 BTC, adding 1,582 new wallets during this period.

Source: Santiment

MicroStrategy nears $50 billion portfolio

MicroStrategy held 423,650 BTC at press time, valued at over $43.6 billion as of the 15th of December. A purchase at or above $100,000 per coin would mark a major milestone for the company.

Saylor has repeatedly stated that MicroStrategy will continue accumulating Bitcoin, irrespective of price levels.

He previously said he is “positive” the company would still purchase Bitcoin even at $1 million per coin.

The firm’s Bitcoin investment strategy has resulted in the exceptional performance of MicroStrategy’s stock (MSTR) this year.

As per Google Finance data, MSTR shares have surged 496.4% year-to-date, making it one of the top-performing stocks on Nasdaq in 2024.