Bitcoin Soars to $106K, Michael Saylor Eyes Another Purchase
- MicroStrategy’s founder, Michael Saylor, hinted at the company’s next BTC purchase.
- The purchase, if made, will mark MicroStrategy’s first Bitcoin purchase above $100,000.
- Saylor acknowledged Bitcoin as the digital capital, pitching its adoption to Microsoft.
With Bitcoin reaching above $106K, MicroStrategy founder Michael Saylor hinted that the company is considering expanding its Bitcoin stash with another purchase. Earlier, on December 10th, the firm bought over 20K Bitcoins worth above $2 billion.
In his X post on December 15, Saylor stated that the firm’s Bitcoin tracker, SaylorTracker.com, missed a green dot, signaling a possible investment. This purchase, if made, would highlight MicroStrategy’s first Bitcoin purchase after its iconic $100,000 hit.
Since November 10, 2024, MicroStrategy has been buying Bitcoin for five consecutive weeks. Each Sunday, Saylor posts the tracker on his X profile, confirming the firm’s latest Bitcoin purchase. Last week, MicroStrategy spent around $2.1 billion to add 21,550 bitcoins to its portfolio, with its stash reaching a massive 423,650 Bitcoins worth about $25.6 billion, with each priced at $60,324.
On Sunday, as per his routine, Saylor shared the tracker on his profile. He further asked his followers if the tracker was missing a green dot, hinting at a purchase. In the past month, MicroStrategy has reportedly purchased Bitcoin at average prices of $97,862, $95,976, and $98,783. With Bitcoin trading above $100,000, MicroStrategy’s next purchase is poised to be the highest-value buy in the company’s history.
MicroStrategy and Saylor are widely recognized as among the most dedicated proponents of Bitcoin. Recently, Saylor acknowledged Bitcoin as the “digital capital.” He even presented a three-minute presentation to Microsoft, urging them to invest in Bitcoin. Additionally, in a recent interview with CNBC, Saylor stated, “There’s no better idea than Bitcoin.” He also asserted that he is extremely enthusiastic about the coin, identifying Bitcoin as the dominant asset.
Saylor’s enthusiasm aligns with the ongoing positive trend in the Bitcoin market. Since the US election, Bitcoin has been riding on an ascending track, marking a 50% rise despite some minor fluctuations. As of press time, Bitcoin is trading at $104,746, up 3% over the last 24 hours. The coin has seen notable increases of 5.3% and 14.9% over the last week and month, respectively.
The post Bitcoin Soars to $106K, Michael Saylor Eyes Another Purchase appeared first on CryptoTale.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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