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MicroStrategy Breaks Barriers: First-Ever Bitcoin Buy Above $100,000
Last Updated: December 16, 2024
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Key Takeaways
- MicroStrategy reportedly made its first Bitcoin purchase, averaging over $100K per BTC during the recent rally;
- Michael Saylor hints at another Bitcoin buy, adding to MicroStrategy’s 423,650 BTC stash, valued at $43.6 billion;
- Bitcoin's new peak of $106,554 fuels Saylor's bullish stance, with ambitions to buy even at $1 million per coin.
MicroStrategy, led by Michael Saylor, appears to have made yet another Bitcoin
If the streak continues, the firm's latest acquisition would be its first at six-figure prices per Bitcoin.
In previous weeks, MicroStrategy confirmed purchases at average prices of $97,862, $95,976, and $98,783 between late November and early December, according to SaylorTracker records.
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On December 15, Saylor posted on X, questioning whether the Bitcoin portfolio tracker, SaylorTracker, might be "missing a green dot", a phrase synonymous with MicroStrategy’s new Bitcoin purchases.
The timing of this purchase aligns with Bitcoin’s recent rally to a new peak of $106,554, achieved on December 14. Saylor has previously stated his belief that Bitcoin's value will continue climbing, even asserting that he is prepared to buy at $1 million per coin.
As of December 15, MicroStrategy's Bitcoin holdings stand at 423,650 BTC, valued at over $43.6 billion. If the company continues its current pace, its portfolio could soon surpass $50 billion.
MicroStrategy’s latest Bitcoin purchase marks a historic milestone, but the company’s ambitions don’t stop there. Recently, Michael Saylor made a pitch to Microsoft to invest in Bitcoin. What did Saylor say in his proposal? Read the full story.
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