MicroStrategy Hints at Another Bitcoin Purchase as BTC Hits Record High

Key Takeaways

• Michael Saylor hinted at another MicroStrategy BTC purchase, potentially marking the firm's acquisition at over $100,000 per Bitcoin.
• Bitcoin’s price reached an all-time high of $106,648 on December 16.
• Global adoption continues to gain momentum as institutional inflows and record ETF demand continue to rise.

Michael Saylor, Executive Chairman of MicroStrategy, has once again hinted at another Bitcoin purchase. Once completed, this acquisition would mark the firm’s first purchase of Bitcoin at an average price exceeding $100,000.

MicroStrategy’s Bitcoin Buying Spree: A $50 Billion Vision

In a December 15 post on X (formerly Twitter), Saylor suggested an imminent purchase, asking if MicroStrategy’s portfolio tracker, SaylorTracker, was “missing a green dot.” 

This cryptic message to the tracker has preceded confirmed Bitcoin purchases for five consecutive weeks, with official announcements typically following the next day.

⚡️SAYLOR to ANNOUNCE another BTC BUY TOMORROW 🚨 This is his bat signal 🦇⚡️💸 –
Combine this with QQQ addition & #Bitcoin strength for a jolly nice setup – oh, and don't forget a sprinkle of short squeeze action 🎉🍾 #SaylorSignal #Investing #Microstrategy $MSTR https://t.co/pS4S12Xyy3

— InvestAnswers (@invest_answers) December 15, 2024

MicroStrategy has been aggressively accumulating Bitcoin, solidifying its reputation as the largest corporate holder of the cryptocurrency. 

The firm's BTC purchases in November and early December were made at average prices ranging from $95,976 to $98,783.

MicroStrategy's current holdings of 423,650 Bitcoin are valued at over $43.6 billion. Analysts predict the company's portfolio could soon surpass the $50 billion milestone. 

MicroStrategy’s strategy has proven successful so far. The company’s stock, MSTR, has risen an impressive 496.4% year-to-date, outperforming most assets and earning the firm a coveted spot in the Nasdaq-100 index.

Bitcoin Hits Record $106,648 Amid Institutional Demand

Bitcoin achieved a historic milestone over the weekend, reaching a record high of $106,657 before cooling off. This price action was driven by heightened institutional interest and consistent inflows into Bitcoin exchange-traded funds (ETFs)

With a market capitalization standing at $2.07 trillion, Bitcoin has further solidified its dominance in the cryptocurrency market and broader financial market.

Adding to the positive momentum, U.S. President-elect Donald Trump recently stated that the U.S. intends to “do something great with crypto.” His statement underscores the growing recognition of Bitcoin’s strategic importance.

Meanwhile, El Salvador’s President Nayib Bukele celebrated the success of his country’s Bitcoin adoption policy. Sharing a screenshot of the government’s portfolio, Bukele highlighted that El Salvador’s Bitcoin holdings have now surpassed $630 million. 

😌 pic.twitter.com/w9FrMmCkwi

— Nayib Bukele (@nayibbukele) December 16, 2024

The country, which declared Bitcoin as legal tender in 2021, continues to leverage cryptocurrency for economic empowerment.