- Michael Saylor hinted at another Bitcoin purchase above $100,000, following previous hints leading to confirmed acquisitions.
- MicroStrategy’s Bitcoin holdings now total 423,650 BTC, valued at $44.4 billion, reflecting a 73.55% portfolio increase.
- MicroStrategy’s stock (MSTR) surged 496.4% YTD, making it a significant Bitcoin proxy with a $91.82 billion market cap.
Michael Saylor, the mastermind behind MicroStrategy’s Bitcoin strategy, hinted at another purchase over the weekend. In a December 15 post, he implied a new acquisition by questioning the absence of a “green dot” on the SaylorTracker chart, sparking speculation of Bitcoin purchases above six figures as per CoinGecko data.
MicroStrategy’s Bitcoin Holdings Surge to $44.4 Billion
MicroStrategy’s Bitcoin accumulation strategy continues consistently. For five consecutive Sundays since November 10, Saylor’s hints have preceded confirmed purchases the following day. If accurate, this marks the firm’s first acquisition at an average price exceeding $100,000, reflecting Bitcoin’s six-figure valuation since December 13.
MicroStrategy confirmed prior acquisitions at average prices of $97,862, $95,976, and $98,783, totaling $1.5 billion and $5.7 billion in Bitcoin, according to SaylorTracker data. These transactions elevate its holdings to 423,650 BTC, now valued at $44.4 billion, with a 73.55% increase in portfolio value, demonstrating Saylor’s confidence in Bitcoin’s potential.
The company’s bold 21/21 strategy, which involves using $21 billion in debt and $21 billion from share issuance, is progressing steadily. Its net asset value premium of 2.07x highlights investor confidence. This aggressive strategy positions MicroStrategy as a leader in corporate Bitcoin adoption.
Bitcoin and MSTR’s Market Dynamics
MicroStrategy’s stock (MSTR), trading at $408.67, showcases investor confidence, supported by a $91.82 billion market capitalization. Analysts predict further gains as the firm exploits Bitcoin volatility. MSTR’s implied volatility remains high, suggesting future funding rounds to buy more BTC could significantly impact its stock performance.
Bitcoin CME Futures hit an all-time high of $100,170 over the weekend, though the spot market has yet to breach the $100K mark. Observers anticipate Saylor’s announcement could drive Bitcoin toward the milestone, bolstering both MSTR and BTC prices.
MSTR has surged 496.4% year-to-date, earning a place in the Nasdaq-100, a benchmark for leading non-financial companies. The stock’s remarkable performance cements its reputation as a Bitcoin proxy, with further growth expected as cryptocurrency adoption accelerates.
Saylor remains steadfast in his Bitcoin commitment, declaring the firm will continue buying even at $1 million per coin. MicroStrategy’s relentless strategy positions it as a trailblazer in Bitcoin investments, driving innovation and influencing corporate adoption trends globally.
Related Reading: Bitcoin Bulls Eye $110K: $1.5B MicroStrategy Purchase and $1B Tether Minting Propel Market
