Bitcoin

<p>As the flagship cryptocurrency traded at $104,500 on Monday, boosted by the growing institutional confidence, there’s subtle evidence that MicroStrategy bought more Bitcoin at a price above $100K.</p> 
<p><a href="https://www.qubetics.com/?utm_source=TNYR&amp;utm_medium=Michael+Saylor%E2%80%99s+BTC+Gamble+Pays+Off+Even+as+MicroStrategy+Bought+More+Bitcoin" rel="nofollow noopener" target="_blank"><img loading="lazy" decoding="async" class="size-full wp-image-24972 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/22ccc.jpg" alt="22ccc" width="728" height="90" title="Michael Saylor’s BTC Gamble Pays Off Even as MicroStrategy Bought More Bitcoin 46"></a></p> 
<p>According to Michael Saylor’s latest <a href="https://x.com/Ashcryptoreal/status/1868305543279829337" rel="nofollow" target="_blank">post</a> on his X handle on Sunday, December 15, the company’s CEO hinted at another Bitcoin acquisition, potentially the first one at the six-figure price, showing the firm’s continued aggressive BTC accumulation.</p> 
<h2 id="microstrategy-has-been-on-a-bitcoin-buying-spree">MicroStrategy has been on a Bitcoin Buying Spree.</h2> 
<p>The December 15 X post carried a cryptic message asking whether the firm’s Bitcoin tracker was “missing a green dot,” apparently pointing towards an apparent suggestion for another purchase in the near future. Saylor has religiously shared this chart every weekend since November 10, and each time, there was confirmation that MicroStrategy bought more Bitcoin the following day.</p> 
<p><img loading="lazy" decoding="async" class="size-full wp-image-29539 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/11/Microstrategy.jpg" alt="MicroStrategy Bought More Bitcoin despite Price Surge " width="1792" height="1024" title="Michael Saylor’s BTC Gamble Pays Off Even as MicroStrategy Bought More Bitcoin 47" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/11/Microstrategy.jpg 1792w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/Microstrategy-768x439.jpg 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/Microstrategy-1536x878.jpg 1536w" sizes="(max-width: 1792px) 100vw, 1792px"></p> 
<p>If Saylor’s weekly hint is anything to buy, it will be a clear hint that the latest BTC purchase was at a price of at least $100K since Bitcoin has remained on the six-figure mark since December 13, 2024.</p> 
<p>MicroStrategy has been on a serious buying spree recently, mostly acquiring the flagship cryptocurrency at prices ranging between $95K and $98K, spending billions of dollars while at it. If it’s true that MicroStrategy bought more Bitcoin at a staggering amount, it won’t be long before the company’s crypto holdings hit the $50 billion threshold. The most recent data shows that the company held at least 423,650 Bitcoins as of December 15, the value of which would be a staggering $43.6 billion.</p> 
<figure id="attachment_29542" aria-describedby="caption-attachment-29542" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="size-full wp-image-29542" src="https://www.turkishnyradio.com/wp-content/uploads/2024/11/Microstrategy-two.jpg" alt="Microstrategy two" width="1792" height="1024" title="Michael Saylor’s BTC Gamble Pays Off Even as MicroStrategy Bought More Bitcoin 48" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/11/Microstrategy-two.jpg 1792w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/Microstrategy-two-768x439.jpg 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/Microstrategy-two-1536x878.jpg 1536w" sizes="(max-width: 1792px) 100vw, 1792px">
 <figcaption id="caption-attachment-29542" class="wp-caption-text">
  MicroStrategy has been on a Bitcoin Buying Spree
 </figcaption>
</figure> 
<h2 id="michael-saylor-s-gamble-has-so-far-paid-off">Michael Saylor’s Gamble Has So Far Paid Off</h2> 
<p>Saylor is a known Bitcoin enthusiast; no one doubts that he would buy the crypto asset even at the price of $1 million apiece. And there are good reasons to believe that MicroStrategy bought more Bitcoin over the weekend at such a high price, seeing that his <a href="https://www.turkishnyradio.com/microstrategy-convertible-notes-offering/">gamble</a> has paid off handsomely as the firm’s stock surged nearly 500% in 2024, earning it a pot in the coveted Nasdaq-100.</p> 
<p>The official inclusion is slated for December 23, ahead of the stock market opening, and analysts believe it will bolster the company’s stock value since the ETFs tracking the index are set to acquire the MSTR shares to reflect its performance.</p> 
<h2 id="what-do-analysts-say">What do Analysts say?</h2> 
<p>The addition of MicroStrategy to the Nasdaq-100 index comes with a train of benefits as analysts believe its growing performance will continually strengthen the firm’s stock. Analyst Valentin Fournier of BRN stated: “MicroStrategy’s inclusion in the Nasdaq-100 is expected to deliver a ~1% price boost from index fund buying while also amplifying its spotlight and credibility as a top performer, thanks to its leveraged Bitcoin strategy.”</p> 
<p>Even as MicroStrategy bought more Bitcoin at the over $100K price, it’s interesting to tone that MSTR’s price has surged over 500% and gone on to outperform Bitcoin’s stellar year-to-date performance of 140% at the crypto coin breaks new highs.</p> 
<p>This stellar performance highlights the fact that the strategy held by Michael Saylor, pointing to Bitcoin as a modern way to store value, holds water, seeing that it has since positioned MicroStrategy as one of the largest institutional holders of Bitcoin.</p> 
<h2 id="conclusion">Conclusion</h2> 
<p>Optimism surrounding BTC as a store of value has recently intensified, especially following the election of Donald Trump as US president, after he announced he would issue an executive order designating Bitcoin as a reserve asset in the United States.</p> 
<p>The move would mandate an annual purchase of at least 200K Bitcoins annually for five years, which could mop up at least 4% of the entire BTC supply from circulation. The latest report hinting that MicroStrategy bought more Bitcoin at an exorbitant price is a clear indication that some firms are placing themselves strategically to benefit from such a move in the future.</p> 
<h2 id="frequently-asked-questions-faqs">Frequently Asked Questions (FAQs)</h2> 
<p><strong>What is MicroStrategy’s BTC strategy?</strong></p> 
<p>The company’s gamble with crypto differs from passively investing in Bitcoin in investment tools such as ETFs. Instead, the company actively leverages its balance sheet to mop up more Bitcoin over time.</p> 
<p><strong>Is Michael Saylor’s Approach Profitable?</strong></p> 
<p>So far, the strategy has shown significant results, considering that it has assisted the company’s stock in growing at least 500% year-to-date value, far outperforming those that chose the passive holding alternative.</p>

Michael Saylor’s BTC Gamble Pays Off Even as MicroStrategy Bought More Bitcoin

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