- Bitcoin hit a new all-time high of $106,554, fueling excitement and acceptance in the market.
- MicroStrategy Approaches $50B Bitcoin Portfolio as Saylor Spots More BTC Buys Above $100K
Michael Saylorexecutive chairman of MicroStrategy, has hinted at another Bitcoin [BTC] purchase, suggesting it could be the company’s first purchase at an average price of more than $100,000 per coin.
This development comes as Bitcoin hit a new all-time high, reflecting strong momentum in the cryptocurrency market.
Saylor hints at another Bitcoin purchase
Michael Saylor posted on
This statement has led to speculation that MicroStrategy purchased more Bitcoin this weekend.
Source:
Saylor has shared similar posts on five consecutive Sundays since November 10. In both cases, a confirmed Bitcoin purchase by MicroStrategy followed the next day.
The company previously acquired Bitcoin at average prices of $97,862, $95,976 and $98,783 on three consecutive Mondays from November 25 to December 9, according to SaylorTracker facts.
Bitcoin reaches new ATH
The speculation surrounding it MicroStrategies The purchase comes as Bitcoin hit a record price of $106,554.
At the time of writing, Bitcoin was trading at $104,958representing an increase of 3.14% in the last 24 hours and an increase of 6.05% in the last week.
With Bitcoin’s circulating supply of 20 million BTC, its market cap now exceeds $2 trillion.
Increased trading volumes and heightened investor interest have contributed to the cryptocurrency’s bullish momentum.
Santiment data reveals that since October 10, there has been a 9.9% increase in the number of wallets holding at least 100 BTC, adding 1,582 new wallets during this period.
Source: Santiment
MicroStrategy is approaching a $50 billion portfolio
MicroStrategy held 423,650 BTC at the time of writing, worth over $43.6 billion as of December 15. A purchase of $100,000 or more per coin would mark a major milestone for the company.
Saylor has consistently maintained that MicroStrategy will continue to accumulate Bitcoin regardless of the price level.
He earlier declared he is “confident” that the company would still buy Bitcoin, even at $1 million per coin.
The company’s Bitcoin investment strategy has contributed to the exceptional performance of MicroStrategy (MSTR) stock this year.
According to Google Finance dataMSTR stock is up 496.4% this year, making it one of the best performing stocks on the Nasdaq in 2024.