MicroStrategy’s Saylor Hints at First Bitcoin Purchase Above $100K

Highlights:

• Saylor hints at MicroStrategy’s Bitcoin buy, marking the first purchase above the $100,000 threshold. 
• MicroStrategy holds 423,650 Bitcoins, worth over $43.6 billion, with plans for more. 
• Nasdaq-100 inclusion could attract $2.1 billion to MicroStrategy, boosting stock and visibility.

On December 15, Michael Saylor, executive chairman of MicroStrategy, shared a cryptic message on X. He asked if the SaylorTracker was “missing a green dot.” This hinted at another Bitcoin purchase soon. If his hint is correct, it will be MicroStrategy’s first Bitcoin buy above $100,000, as Bitcoin has stayed above this price since December 13.

Is https://t.co/Bx3917zMqi missing a green dot? pic.twitter.com/B3Zzd6M1uV

— Michael Saylor⚡️ (@saylor) December 15, 2024

Between November 25 and December 9, MicroStrategy bought Bitcoin on three Mondays. The average purchase prices were $97,862, $95,976, and $98,783. SaylorTracker data shows the purchases ranged from $1.5 billion to $5.7 billion. The company’s Bitcoin portfolio could reach $50 billion if future acquisitions hit the higher end. As of December 15, the company holds 423,650 Bitcoins worth over $43.6 billion.

Saylor has stressed that the platform will keep buying Bitcoin, even at $1 million. According to Google Finance, MicroStrategy (MSTR) has been one of the top-performing stocks on the Nasdaq this year, with a year-to-date increase of 496.4%.

Michael Saylor has regularly updated Bitcoin Tracker for six weeks in a row. He mentioned, “Still too much blue on the SaylorTracker website.” This refers to the site marking each Bitcoin purchase with a green dot, while the Bitcoin price trend is shown in blue.

Still too much blue on https://t.co/Bx3917zeAK. pic.twitter.com/Ag6uhXUyqD

— Michael Saylor⚡️ (@saylor) December 8, 2024

BTC Hits a New All-Time High of $106,352

MicroStrategy CEO hinted just a day before Bitcoin reached a new all-time high of $106,352. The current price of Bitcoin ($BTC) is $106,517, marking a 3.7% increase over the last 24 hours. Bitcoin investors are hopeful for a big price surge. However, many crypto traders believe the price pattern doesn’t show a major rally. Recently, Titan of Crypto, a well-known analyst, predicted that Bitcoin could reach $129,000 at the peak of this cycle.

Saylor Teases MicroStrategy Bitcoin Buy After Nasdaq-100 Milestone

Saylor made the company’s upcoming purchase hints after Nasdaq announced last week that MicroStrategy will be added to the Nasdaq-100 Index. This inclusion starts on December 23, making MicroStrategy the first Bitcoin-focused company in the Nasdaq-100 Index. The index includes major companies like Apple, Microsoft, Tesla, and Amazon.

Nasdaq will add MicroStrategy, Palantir Technologies (PLTR), and Axon Enterprise (AXON) to the index while removing Illumina, Super Micro Computer, and Moderna. Joining the Nasdaq-100 could attract around $2.1 billion from ETFs tracking the index. These ETFs manage $451 billion in assets, which could boost MicroStrategy’s stock price and visibility. Stocks generally rise after joining the Nasdaq-100.

This weighting equates to about $2.1b of buying via all the ETFs that track the index which have $451b collectively. We did not include SMAs or CITs or any active strategies so it could be a little more when all is said and done. @JSeyff

— Eric Balchunas (@EricBalchunas) December 14, 2024

This milestone has sparked discussions within the Bitcoin community. Fred Thiel, CEO of crypto miner MARA Holdings, also commended MicroStrategy for achieving this accomplishment. Thiel praised MicroStrategy as the first “#bitcoin treasury company to join the NASDAQ 100.” Saylor responded positively, hoping that MARA Holdings will join the Nasdaq 100 soon. Both companies are growing their treasury reserves with large BTC purchases. Though their business models differ, both have a strong focus on Bitcoin.

Thanks Fred. I expect $MARA will be the next.

— Michael Saylor⚡️ (@saylor) December 14, 2024