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Bitcoin News

MicroStrategy’s Saylor Teases First Bitcoin Buy Over $100K

On December 15, Saylor hinted at another Bitcoin purchase by asking if SaylorTraker was “missing a green dot.”

Written By Ronak Kumar
Fact Checked by Gopal Solanky
Published December 16, 2024 11:24 AM·Updated 2 years ago
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MicroStrategy’s Saylor Teases First Bitcoin Buy Over $100K

Michael Saylor, the mastermind behind MicroStrategy’s Bitcoin investment strategy, hinted at another Bitcoin purchase over the weekend, potentially marking the company’s first acquisition above $100,000 price mark. 

On December 15, Saylor posted a cryptic message on X (formerly Twitter), asking if MicroStrategy’s Bitcoin tracker, SaylorTracker, was “missing a green dot.” This post was apparently suggesting for another purchase in coming days.

MicroStrategy's Saylor Hints at First Bitcoin Buy Above $100K
Source: X

Saylor has shared this chart every Sunday since November 10, and each time, a Bitcoin purchase has been confirmed the next day. If his hint holds true this time, it will mark MicroStrategy’s first Bitcoin buy with an average price of over $100,000, as Bitcoin has remained above this threshold since December 13.

In recent weeks, MicroStrategy has been on a buying spree, acquiring Bitcoin at prices between $95,000 and $98,000 totaling billions of dollars. With this latest purchase, the company’s Bitcoin holdings could soon hit a staggering $50 billion. As of December 15, MicroStrategy owned 423,650 Bitcoin, valued at over $43.6 billion.

This comes just a day before Bitcoin hit a new all-time high of $106,554. Saylor, known for his unwavering commitment to Bitcoin, has expressed confidence in continuing to buy, even at a price of $1 million per coin.

MicroStrategy’s aggressive Bitcoin strategy has paid off, with its stock surging nearly 500% this year and earning a spot in the Nasdaq-100.

Also Read: Bitcoin Hits $106K as Trump Hints at U.S Crypto Reserve Plan

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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