MicroStrategy founder Michael Saylor shared his company's Bitcoin tracker on X. The market is anticipating an announcement that the company has acquired more chunks of BTC. At the time of Saylor's post on December 29, the Bitcoin price was hovering around $94,800.
MicroStrategy founder Michael Saylor has once again posted his company's Bitcoin (BTC) tracker chart on X.
In recent months, each such post has been followed by an announcement that the world's largest corporate holder of a flagship digital asset has acquired a new asset.
Industry experts and observers have been quick to point out that MicroStrategy is about to announce another large BTC purchase.
NEW: Michael Saylor has re-posted his BTC purchase tracker. So MicroStrategy will be announcing another huge #Bitcoin purchase tomorrow.
Sailor is a goat 🐐 pic.twitter.com/48RTgEE1ud
— Nikolaus Hoffmann (@NikolausHoff) December 29, 2024
Notably, MicroStrategy has acquired additional BTC for billions of dollars in recent months, following such tips. The company announced on November 10 that it had purchased 27,200 BTC worth $2.03 billion. On November 17th, there was another 51,780 BTC worth $4.5 billion, and on November 24th, it was 55,500 BTC worth $5.32 billion. The company's buying spree added 15,350 Bitcoins in mid-December.
MicroStrategy holds 444,262 BTC so far
Most recently, MicroStrategy acquired 5,262 BTC for $561 million. The acquisition, announced on December 23, saw the company acquired at an average purchase price of $106,662 per Bitcoin. As a result, the total BTC holdings as of December 22, 2024 will be 444,262 BTC, which MicroStrategy has acquired for a cumulative total of approximately $27.7 billion since 2020.
As of this writing, the average purchase price for this overall dollar-cost averaging was $62,257 per Bitcoin. According to Saylor Portfolio Tracker, the company has assets of $42.16 billion, and the Bitcoin price is hovering around $94,780. Overall profits exceed $14.5 billion.
Here are Saylor's latest posts on X:
Disconcerting blue line from https://t.co/Bx3917zMqi. pic.twitter.com/xPl4GTKU3E
— Michael Saylor ⚡️ (@saylor) December 29, 2024
Bitcoin traded above $94,000 on December 29th, staying above that level even after the bears rejected the bulls’ advance near the $100,000 level. Earlier this month, bulls suffered a huge sell-off after hitting an all-time high above $108,000, only to recover from a low of $92,000.
While the recent MicroStrategy buying has not caused BTC prices to skyrocket, a combination of buying pressure, spot ETF demand, and other positive factors are making the market very bullish. Analysts say it could rise to between $150,000 and $200,000 by 2025.
