CEO of MicroStrategy, Michael Saylor, has sparked speculation about the company's Bitcoin purchases with a new hint.
Michael Saylor's New Hint
On December 15, Michael Saylor posted on X, suggesting a new Bitcoin purchase. He noted the absence of a "green dot" on the Bitcoin portfolio tracker, leading to speculation about new acquisitions. Over the past five Sundays, Saylor made similar updates, followed by official confirmations of Bitcoin purchases the next day.
A Massive Bitcoin Portfolio
In recent weeks, MicroStrategy has been acquiring Bitcoins at average prices ranging from $95,976 to $98,783 per BTC. As of December 15, the company holds 423,650 Bitcoins valued at $43.6 billion, approaching the $50 billion mark. Bitcoin's surge to a record high of $106,554 amid investor optimism has bolstered Saylor's confidence to continue purchasing, even if the price reaches $1 million.
MicroStrategy Stock Success
MicroStrategy's stock has soared by 496.4% year-to-date. The company now joins the Nasdaq-100 index, which includes the 100 largest non-financial firms. The unwavering commitment to Bitcoin has solidified MicroStrategy's reputation as a trailblazer in corporate crypto adoption.
If the rumors are confirmed, this underscores Saylor's belief in Bitcoin as a long-term store of value and an inflation hedge. The growing portfolio and cryptocurrency's record-breaking rally highlight Bitcoin's significance in the financial world.
