Michael Saylor Teases MicroStrategy’s First Bitcoin Buy Above $100K

Last Updated on December 16, 2024

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MicroStrategy logo displayed on a modern smartphone green rising chart in the background. Source: keBu.Medien - stock.adobe.com

Key Takeaways:

  • MicroStrategy may have purchased Bitcoin at an average price exceeding $100,000, hinting at its largest buy amid Bitcoin’s record high of $106,554.
  • With 423,650 Bitcoin holdings valued at $43.6 billion, MicroStrategy is nearing its $50 billion portfolio goal, as its stock soars 496.4% year-to-date.
  • Michael Saylor remains committed to Bitcoin, envisioning acquisitions even at $1 million per Bitcoin, while MicroStrategy secures a spot in the Nasdaq-100.

MicroStrategy, led by Michael Saylor, may have made its first Bitcoin purchase at an average price exceeding $100,000.

On Dec. 15, Saylor hinted at the acquisition with a cryptic post on X, following his pattern of suggesting Bitcoin buys before official confirmations.

Bitcoin’s price surpassed six figures on Dec. 13, and if confirmed, this purchase would align with MicroStrategy’s recent buys averaging around $97,000-$99,000 per Bitcoin.

The company now holds 423,650 Bitcoins, worth over $43.6 billion, as it edges toward its $50 billion target.

Bitcoin also hit a record high of $106,554, reinforcing MicroStrategy’s bullish strategy.

Saylor has affirmed the company’s intent to continue accumulating, envisioning acquisitions even if Bitcoin reaches $1 million.

MicroStrategy’s aggressive Bitcoin strategy has significantly boosted its stock performance, surging 496.4% year-to-date.

The rise has earned the firm a place in the Nasdaq-100 index, highlighting its remarkable turnaround and reinforcing its leadership in corporate Bitcoin adoption.

Saylor remains steadfast in his commitment to Bitcoin’s long-term potential, driving both portfolio and stock value growth.

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