As a seasoned crypto investor with over two decades of market experience under my belt, I must admit that Michael Saylor’s moves have caught my attention. His strategic approach to Bitcoin investing, particularly with MicroStrategy, has been nothing short of impressive.
Over the weekend, Michael Saylor, who leads MicroStrategy’s approach to Bitcoin investments, hinted at a possible future Bitcoin buy, making this the company’s initial purchase where the average cost surpasses $100,000 per coin.
On December 15th, Saylor shared a puzzling comment on platform X (previously known as Twitter), querying whether MicroStrategy’s Bitcoin tracker, SaylorTracker, might have overlooked a green dot, hinting at a potential new Bitcoin acquisition.
Every Sunday since November 10th, I’ve noticed Michael Saylor sharing a chart. Each instance where he does so, a Bitcoin purchase by MicroStrategy is typically confirmed the following day. If his pattern holds this time, it would signify our first Bitcoin acquisition with an average cost surpassing $100,000. Notably, Bitcoin has maintained prices above this level since December 13th.
Over the past few weeks, MicroStrategy has been actively purchasing Bitcoin, with transactions ranging from around $95,000 to $98,000 per coin. This massive acquisition has accumulated a total worth of billions of dollars. With their most recent purchase, MicroStrategy’s Bitcoin holdings are quickly approaching an astonishing $50 billion. As of December 15th, the company already owns over 423,650 Bitcoins, which have a combined value exceeding $43.6 billion.
The bold move by MicroStrategy toward Bitcoin has proven fruitful, as their shares have skyrocketed approximately 500% this year, securing them a place among the top 100 companies listed on the Nasdaq.
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2024-12-16 09:24