Michael Saylor, the mastermind behind MicroStrategy’s bold Bitcoin investment strategy, has dropped yet another clue suggesting the company may have made its first Bitcoin purchase at an average price exceeding $100,000 per coin.
The “Missing Green Dot” Pattern
On December 15, Saylor took to X (formerly Twitter) to cryptically ask whether the SaylorTracker, a popular Bitcoin portfolio tracker, was “missing a green dot.” This subtle hint has become a recurring pattern, with Saylor posting the tracker for five consecutive Sundays since November 10, each time preceding MicroStrategy’s confirmation of a new Bitcoin purchase on Monday.
If history repeats itself, this latest acquisition would be MicroStrategy’s first purchase at a six-figure average price. Bitcoin’s value has consistently stayed above $100,000 since December 13, as shown by CoinGecko data.
MicroStrategy’s Recent Bitcoin Buying Streak
MicroStrategy has been on a relentless Bitcoin-buying spree in recent weeks. Confirmed purchases on November 25, December 2, and December 9 reveal the company bought Bitcoin at average prices of $97,862, $95,976, and $98,783, respectively. These acquisitions added up to $7.2 billion worth of Bitcoin, further solidifying its position as one of the largest institutional Bitcoin holders.
If the latest purchase follows a similar pattern, MicroStrategy’s total Bitcoin portfolio could approach a staggering $50 billion. As of December 15, the company holds 423,650 Bitcoin, valued at over $43.6 billion.
Bitcoin Reaches a New All-Time High
Saylor’s latest hint came just one day before Bitcoin broke its previous all-time high, soaring to $106,554. Despite the rising prices, Saylor remains unfazed, expressing confidence in MicroStrategy’s strategy. He has even stated he’s “sure” the company will continue buying Bitcoin when it reaches $1 million per coin.
MicroStrategy Stock Skyrockets in 2024
MicroStrategy’s aggressive Bitcoin investment strategy has also propelled its stock (MSTR) to new heights. Year-to-date, its stock price has surged by an impressive 496.4%, according to Google Finance.
This incredible performance has earned MicroStrategy a coveted spot in the Nasdaq-100, an index that includes the 100 largest non-financial companies listed on the Nasdaq exchange.
