As a seasoned crypto investor with a penchant for spotting trends, I find Michael Saylor’s moves with MicroStrategy intriguing. It seems like every Sunday, he drops a hint about their Bitcoin purchases, and sure enough, we see confirmation the next day. His latest hint suggests they might have bought their first batch over $100k each – quite an impressive feat considering Bitcoin hasn’t dipped below six figures for some time now.
Michael Saylor, who oversees MicroStrategy’s Bitcoin investment approach, suggested that they purchased additional Bitcoin during the weekend, which represents their initial acquisition at an average cost per coin exceeding $100,000.
In a December 15th message to X, Saylor inquired if the Bitcoin (BTC) portfolio tracker of MicroStrategy, known as SaylorTracker, might be lacking a “green dot” – implying that MicroStrategy may have made additional Bitcoin purchases.
For the past five Sundays, starting November 10th, Saylor has consistently shared the SaylorTracker chart. Notably, on every subsequent workday, a Bitcoin acquisition by MicroStrategy has been publicly verified.
If Saylor’s assumption holds up for the sixth occasion, it would imply that MicroStrategy acquired its initial batch of Bitcoins at an average cost per coin above $100,000, as Bitcoin has not dropped below six-figure levels since 5:00 pm UTC on Dec. 13, according to data from CoinGecko.
As a crypto investor, I’ve personally confirmed that my business intelligence firm has made strategic purchases of Bitcoin over the past three Mondays from November 25 to December 9. The average purchase price for these transactions was approximately $97,862, $95,976, and $98,783 respectively. In total, we invested a significant amount, ranging from $1.5 billion to $5.7 billion in these three batches. This strategic move underscores our belief in the potential growth of Bitcoin as an investment.
If the company acquires another significant amount of Bitcoin, it will be very close to managing a Bitcoin portfolio worth $50 billion. Currently, they own approximately 423,650 Bitcoins valued at more than $43.6 billion as of December 15th.
It comes just a day before Bitcoin breached a new all-time high of $105,100.
According to Saylor, the company plans to continue purchasing Bitcoins, expressing confidence that he will still be investing in Bitcoin when its value reaches a million dollars.
This year, MicroStrategy (MSTR) has stood out among Nasdaq stocks with exceptional performance, boasting a staggering 496.4% increase in value as of the current date, according to Google Finance statistics.
The outstanding results it has achieved have actually secured it a spot among the top 100 companies in the Nasdaq-100, which is an index that includes shares from the biggest 100 non-banking firms trading on the Nasdaq stock exchange.
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2024-12-16 03:14