MicroStrategy may buy Bitcoin after Nasdaq milestone

Michael Saylor, co-founder of MicroStrategy, has hinted at a potential new Bitcoin (CRYPTO:BTC) acquisition following the company’s milestone inclusion in the Nasdaq-100 Index.

This speculation arises from Saylor's cryptic social media comments, which have historically preceded significant Bitcoin purchases by the company.

On December 15, Saylor questioned whether the SaylorTracker, a tool that tracks MicroStrategy’s Bitcoin acquisitions, was missing a green marker.

These green markers traditionally signify new purchases.

Over the last five weeks, Saylor has dropped subtle hints online, later followed by official announcements of Bitcoin acquisitions.

During this period, MicroStrategy expanded its Bitcoin holdings to over 171,000 BTC, with an investment of more than $15 billion.

If confirmed, the acquisition would be the company’s first Bitcoin purchase since its inclusion in the Nasdaq-100 on December 13.

Analysts believe this milestone could pave the way for MicroStrategy’s potential entry into the SP 500.

"If FASB accounting standards are implemented in Q1 2025, and Bitcoin’s price reaches $120,000, MicroStrategy’s net income could hit $25 billion, making SP 500 inclusion possible by Q2 2025,” commented James Van Straten from CoinDesk.

Meanwhile, Saylor has pointed to Marathon Digital Holdings as the next cryptocurrency-focused company likely to join the Nasdaq-100.

Responding to Marathon CEO Fred Thiel’s congratulatory message, Saylor stated, “I expect MARA will be the next.”

Despite this optimism, Marathon faces hurdles, with a market capitalization still below $10 billion.

However, the firm recently spent over $1 billion to increase its Bitcoin reserves to 40,435 BTC, now valued at nearly $3.9 billion.

As MicroStrategy solidifies its position in the market, all eyes remain on Saylor’s next move and Marathon’s push for further growth.

The evolving strategies of these firms underscore their ambitions within the crypto and traditional finance sectors.

At the time of reporting, the Bitcoin price was $105,499.