- Michael Saylor, founding father of MicroStrategy, has shared the corporate’s Bitcoin tracker on X.
- The market expects an annoncement that the corporate has acquired one other chunk of BTC.
- Bitcoin worth hovered close to $94,800 on the time of Saylor’s put up on Dec. 29
MicroStrategy founder Michael Saylor has posted the corporate’s Bitcoin (BTC) tracker chart on X once more.
In latest months, each such put up has been adopted by an announcement that the world’s largest company holder of the flagship digital asset had acquired one other haul.
Trade consultants and observers have been fast to level out that MicroStrategy is about to announce one other main BTC buy.
NEW: Michael Saylor posted his BTC buy tracker once more, which implies MicroStrategy will announce one other HUGE #Bitcoin buy tomorrow.
SAYLOR IS THE GOAT 🐐 pic.twitter.com/48RTgEE1ud
— Nikolaus Hoffman (@NikolausHoff) December 29, 2024
Noticeably, MicroStrategy has acquired extra BTC for billions of {dollars} in latest months, with these following such hints. The corporate introduced it bought 27,200 BTC worth $2.03 billion on Nov. 10; one other 51,780 BTC value $4.5 billion on Nov. 17 and $5.32 billion for 55,500 BTC on Nov. 24. The corporate’s shopping for spree additionally noticed it add 15,350 bitcoins in mid-December.
MicroStrategy thus far holds 444,262 BTC
Most just lately, MicroStrategy acquired 5,262 BTC for $561 million, with the acquisition introduced on Dec. 23 indicating the corporate purchased on the common buy worth of $106,662 per bitcoin. This introduced the entire BTC holdings as of Dec. 22, 2024 to 444,262 BTC, which MicroStrategy has cumulatively acquired for roughly $27.7 billion since 2020.
The typical buy worth of this whole haul, its greenback value averaging, stood at $62,257 per bitcoin on the time of writing. Per Saylor portfolio tracker, the corporate’s holdings stand at $42.16 billion with Bitcoin worth hovering close to $94,780. Total revenue is over $14.5 billion.
Right here’s Saylor’s newest put up on X:
Disconcerting blue strains on https://t.co/Bx3917zMqi. pic.twitter.com/xPl4GTKU3E
— Michael Saylor⚡️ (@saylor) December 29, 2024
Bitcoin traded above $94k on Dec. 29, holding above the extent after bears rejected bulls’ advances near the $100k level. Earlier this month, bulls recovered from lows of $92k – having suffered the large hunch from above the all-time excessive of $108k.
Whereas BTC worth has not skyrocketed amid latest MicroStrategy buys, the market is extraordinarily bullish amid the mix of the purchase strain, spot ETFs demand and different optimistic catalysts. Analysts say it might rally to $150k-$200k in 2025.