MicroStrategy may have bought its first Bitcoin over $100,000 per coin, valuing its holdings at $50 billion.
Bitcoin-focused financial organizations like MicroStrategy and MARA Holdings are making progress. As the first Bitcoin treasury to join the Nasdaq-100, Michael Saylor’s MicroStrategy will make history. MARA Holdings, a major crypto miner, is positioned itself to follow suit with large Bitcoin investments and a rising market presence.
MicroStrategy under Michael Saylor relentlessly pursues Bitcoin domination. Saylor hinted over the weekend that the business may have made another large Bitcoin buy, its first with an average price above $100,000 per Bitcoin.
Saylor teased fans on X on Dec. 15 by enquiring whether SaylorTracker was “missing a green dot.” Bitcoin enthusiasts believe the allusion indicates a new MicroStrategy Bitcoin holding. The timing matches the firm’s previous Sunday hints, which have always turned into Monday Bitcoin purchases.
If verified, this would be MicroStrategy’s first six-figure Bitcoin purchase. CoinGecko says Bitcoin has been over $100,000 since 5:00 PM UTC on Dec. 13. The business intelligence organization made average purchases of $97,862, $95,976, and $98,783, totaling $1.5 billion and $5.7 billion in the past three rounds.
MicroStrategy has 423,650 BTC worth $43.6 billion as of Dec. 16. The firm’s Bitcoin portfolio might reach $50 billion if the current buy falls around prior purchases’ highs.
The newest clue before Bitcoin’s record $106,554 high. This massive price boosts Saylor’s Bitcoin optimism. Even as Bitcoin reaches record prices, MicroStrategy has said it would keep buying it. Saylor said he’s “confident” the corporation would acquire Bitcoin even at $1 million per coin.
MicroStrategy is connected with corporate Bitcoin investing due to this consistent approach. This strategy has helped MSTR stock rise 496.4% year-to-date, according to Google Finance. MicroStrategy entered the Nasdaq-100, a stock index of 100 of the biggest non-financial Nasdaq businesses, due to its excellent performance.
Saylor’s Bitcoin devotion goes beyond business. He helped institutionalize cryptocurrencies as a prominent supporter. His outspoken statements typically indicate Bitcoin’s financial market adoption.
The recent purchase by MicroSrategy might put the company close to a $50 billion Bitcoin portfolio. Such a milestone would secure its long-time claim as the biggest corporate Bitcoin holder.
All eyes are on MicroStrategy to see how far its ambitious Bitcoin plan can go as Bitcoin rises. Saylor is determined to lead Bitcoin to $1 million or more.
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