Bitcoin

MSTR

Michael Saylor, the orchestrator of MicroStrategy’s Bitcoin investment strategy, hinted that it bought more Bitcoin over the weekend, which would mark the firm’s first acquisition with an average purchase price of more than $100,000.
In a Dec. 15 <a data-ct-non-breakable="null" href="https://x.com/saylor/status/1868277366226841996" rel="null" target="null" text="null" title="null">post</a> to X, Saylor asked whether MicroStrategy’s Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) portfolio tracker SaylorTracker was “missing a green dot” — hinting the Bitcoin-stacking firm has purchased again.
<figure>
 <img alt="Nasdaq, Stocks, MicroStrategy" src="https://s3.cointelegraph.com/uploads/2024-12/0193cc99-c1d6-7aef-bc86-720abf28855f" title="">
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 Source: <a data-ct-non-breakable="null" href="https://x.com/saylor/status/1868277366226841996" rel="null" target="null" text="null" title="https://x.com/saylor/status/1868277366226841996">Michael Saylor</a>
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Saylor has posted the SaylorTracker chart for five consecutive Sundays since Nov. 10 and each time, a Bitcoin purchase from MicroStrategy has been confirmed the following day.
If Saylor’s hint is confirmed for a sixth time, it would mean MicroStrategy bought its first Bitcoin batch with an average purchase price of over $100,000, as Bitcoin hasn’t traded below six figures since 5:00 pm UTC on Dec. 13, CoinGecko <a data-ct-non-breakable="null" href="https://www.coingecko.com/en/coins/bitcoin" rel="null" target="null" text="null" title="null">data </a>shows.
Saylor’s business intelligence firm has confirmed it bought Bitcoin at an average purchase price of $97,862, $95,976 and $98,783 over the last three Mondays from Nov. 25 to Dec. 9, SaylorTracker <a data-ct-non-breakable="null" href="https://saylortracker.com/" rel="null" target="null" text="null" title="null">data</a> shows.
Another batch toward the upper limit of that range would put the firm within arm’s reach of a $50 billion Bitcoin portfolio. As of Dec. 15, the company held 423,650 Bitcoin worth more than $43.6 billion.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trump-bitcoin-us-reserve-asset-day-one-how-high-will-btc-price-go" rel="null" target="null" text="null" title="null">Trump may use Bitcoin as US reserve asset on 'day one' — How high will BTC price go?</a>
It came just a day before Bitcoin breached a <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-sets-new-all-time-high-above-105000" rel="" target="_self" text="null" title="https://cointelegraph.com/news/bitcoin-sets-new-all-time-high-above-105000">new all-time high</a> of $106,554. 
Saylor has said the firm won’t stop buying anytime soon, saying he’s “sure” he’ll <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/microstrategy-purchases-21500-bitcoin-at-peak-prices" rel="null" target="null" text="null" title="null">still buy Bitcoin at $1 million.</a>
MSTR has been one of the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-on-steroids-why-is-mstr-stock-trading-at-a-premium" rel="null" target="null" text="null" title="null">best-performing stocks</a> on the Nasdaq this year, up an eye-popping 496.4% year-to-date, Google Finance <a data-ct-non-breakable="null" href="https://www.google.com/finance/quote/MSTR:NASDAQ" rel="null" target="null" text="null" title="null">data</a> shows.
<figure>
 <img alt="Nasdaq, Stocks, MicroStrategy" src="https://s3.cointelegraph.com/uploads/2024-12/0193cc99-2045-73c4-bd90-d2eef6784256" title="">
 <figcaption style="text-align: center;">
 MSTR’s change in share price in 2024. Source: Google Finance
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Its strong performance has even earned it a <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/michael-saylor-microstrategy-mstr-stock-nasdaq-100" rel="null" target="null" text="null" title="null">place in the Nasdaq-100</a> — a stock market index made up of equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/ai-more-power-hungry-bitcoin-profits-pose-risks-bitcoin-miners/" rel="null" target="null" text="null" title="null">AI may already use more power than Bitcoin — and it threatens Bitcoin mining</a>

MicroStrategy’s Saylor hints at first Bitcoin purchase above $100K

Cointelegraph

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