Michael Saylor — the CEO of MicroStrategy, the market intelligence firm known for siphoning billions of dollars into Bitcoin (BTC) for its coffers — just hinted at the company’s first acquisition of the world’s first cryptocurrency at over $100,000.
Saylor recently posted a screenshot of MicroStrategy portfolio data website SayloreTracker, which notably shows the firm’s Bitcoin acquisitions as green dots on a chart. As a comment to the image, he simply asked if” SaylorTracker.com [is] missing a green dot.”
Is https://t.co/Bx3917zMqi missing a green dot? pic.twitter.com/B3Zzd6M1uV
— Michael Saylor⚡️ (@saylor) December 15, 2024
The details
Saylor’s comments apparently suggested that MicroStrategy had acquired Bitcoin once again, but the website’s chart does not yet feature this transaction. At the time of writing, the Saylor tracker does feature one more transaction: MicroStrategy acquired 15,350 Bitcoin for $1.5 billion at an average price of $100,386 per BTC.
Saylor announced the transaction in a tweet published earlier today. He also claimed that the company has achieved a Bitcoin yield of 46.4% quarter to date and 72.4% year to date. The company now holds 439,000 BTC.
This is the fifth Sunday in a row that Saylor has posted a screenshot of SaylorTracker. This series of his X posts has always been followed by a MicroStrategy Bitcoin acquisition being confirmed the day after.
MicroStrategy is a publicly traded business intelligence company founded in 1989 that pivoted to acquire as much Bitcoin as possible in 2020. The company now holds well over 1% of all Bitcoin that will ever exist, with institutional interest in MicroStrategy being an interest in a regulatory-friendly Bitcoin investment.
This latest post follows a recent Securities and Exchange Commission (SEC) filing by MicroStrategy revealing that the firm acquired about 21,550 BTC for approximately $2.1 billion between Dec. 2 and Dec. 8. The filing reads:
“The Bitcoin purchases were made using proceeds from the issuance and sale of shares under the sales agreement.”
Despite Bitcoin’s price rallying ever since Republican candidate Donald Trump won the elections, MicroStrategy’s stock has had a less than stellar performance recently. Right as Bitcoin was approaching $100,000 for the first time in late November, MicroStrategy shares took a major fall.
