Originally published on: December 16, 2024
Michael Saylor, the mastermind behind MicroStrategy’s bold Bitcoin investment moves, dropped a hint suggesting the firm made another significant purchase over the weekend. This potential acquisition would mark the company’s first buy with an average price tag exceeding $100,000.
On December 15th, Saylor took to social media to question the accuracy of MicroStrategy’s Bitcoin portfolio tracker, SaylorTracker. His cryptic message hinted at a possible new addition to their Bitcoin holdings.
For the past five Sundays, Saylor has shared the SaylorTracker chart, with each reveal followed by a confirmed Bitcoin purchase by MicroStrategy. If this trend continues for a sixth time, it would signal the firm’s inaugural Bitcoin acquisition with an average cost surpassing $100,000.
MicroStrategy previously disclosed Bitcoin purchases at average prices of $97,862, $95,976, and $98,783 over the past three Mondays. Another buy within this range could inch the company closer to a staggering $50 billion Bitcoin portfolio. As of December 15th, MicroStrategy held over 423,650 Bitcoins valued at more than $43.6 billion.
Saylor has expressed unwavering confidence in Bitcoin, pledging to continue buying, even at prices as high as $1 million per coin. MicroStrategy’s stock, MSTR, has been a standout performer on the Nasdaq this year, boasting a remarkable 496.4% year-to-date gain.
The firm’s exceptional stock performance garnered it a coveted spot in the Nasdaq-100 index, reserved for the largest non-financial companies listed on the exchange. With Bitcoin smashing through new all-time highs, MicroStrategy’s strategic moves in the crypto space have positioned it as a frontrunner in the digital asset realm.