MicroStrategy co-founder Michael Saylor has hinted at another Bitcoin purchase, potentially marking the company’s first acquisition with the cryptocurrency trading above $100,000. In his post on Dec. 15, Saylor referenced the SaylorTracker chart, a tool monitoring MicroStrategy’s Bitcoin holdings, and suggested a new addition to their growing portfolio.
The business intelligence firm has consistently acquired Bitcoin over the last few weeks. Data reveals that MicroStrategy purchased Bitcoin at average prices of $97,862, $95,976, and $98,783 on consecutive Mondays between Nov. 25 and Dec. 9. If the purchase happens, it will be MicroStrategy’s first time buying Bitcoin at a price over $100,000.
MicroStrategy nears $50 billion Bitcoin portfolio
MicroStrategy currently holds 423,650 Bitcoin, valued at over $43.6 billion as of Dec. 15. The company’s consistent accumulation of Bitcoin places it among the largest corporate holders of the asset. With the potential for another purchase at the current price range, MicroStrategy is within reach of a $50 billion Bitcoin portfolio.
The hint from Saylor comes when Bitcoin is experiencing strong upward momentum. On Dec. 15, Bitcoin reached a new all-time high of $106,554 before stabilizing. At press time, Bitcoin traded at $105,244, reflecting a 3.31% daily gain. The 24-hour trading volume rose by 65.73% to $63.76 billion, signaling strong investor interest. Additionally, Bitcoin’s market capitalization climbed to $2.08 trillion, showing growing confidence in the digital asset.
Bitcoin rally boosts MicroStrategy’s market position
MicroStrategy’s approach has continued to pay off, as its stock performance remains strong. The firm’s strategic Bitcoin accumulation has contributed to its recent inclusion in the Nasdaq-100 index. This listing places MicroStrategy alongside major non-financial corporations like Apple, Microsoft, and Amazon.
Saylor’s commitment to Bitcoin has positioned MicroStrategy as a leading player in the digital asset space. With Bitcoin staying above $100,000, the company’s strategy shows its strong belief in its long-term value.
The ongoing rally highlights Bitcoin’s increasing adoption among institutional investors. As MicroStrategy is closer to a $50 billion Bitcoin portfolio, its continued acquisitions highlight the growing role of cryptocurrency in global financial markets.
