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Michael Saylor, the mastermind behind MicroStrategy’s Bitcoin investment strategy, hinted that the company may have added more Bitcoin to its holdings over the weekend. In a Dec. 15 post to X, Saylor questioned whether the SaylorTracker portfolio tracker was “missing a green dot,” implying another Bitcoin purchase by the firm. Consistent Purchasing Pattern Saylor has shared the SaylorTracker chart on five consecutive Sundays since Nov. 10, with Bitcoin purchases being confirmed the following Monday each time. If confirmed for a sixth time, this purchase would mark MicroStrategy’s first acquisition at an average Bitcoin price exceeding $100,000. According to CoinGecko, Bitcoin hasn’t traded below six figures since 5:00 pm UTC on Dec. 13. MicroStrategy previously reported buying Bitcoin at average prices of $97,862, $95,976, and $98,783 over the past three Mondays, from Nov. 25 to Dec. 9, according to SaylorTracker data. A new purchase at similar levels would bring the company closer to reaching a $50 billion Bitcoin portfolio. As of Dec. 15, MicroStrategy held 423,650 Bitcoin, valued at over $43.6 billion. Bitcoin Milestones and Market Impact This potential purchase came just a day before Bitcoin reached a new all-time high of $106,554. Saylor has made it clear the company won’t slow down its Bitcoin buying spree, stating he’s “sure” MicroStrategy will continue purchasing even at a price of $1 million per Bitcoin. MicroStrategy’s Stock Performance MicroStrategy’s (MSTR) stock has soared 496.4% year-to-date, according to Google Finance. The impressive performance has earned the company a spot in the Nasdaq-100, a prestigious index comprising the 100 largest non-financial companies listed on Nasdaq. With its consistent investments, MicroStrategy remains a major force in the Bitcoin ecosystem.
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Bitcoin Hits New High Amid Reserve Asset Speculation, Bullish Sentiment Builds
Bitcoin rallied nearly 5% on Dec. 15, reaching a new all-time high of $106,554, fueled by speculation that it may become a U.S. reserve asset. Data from TradingView shows Bitcoin surpassed its previous high of $104,000, set on Dec. 5, before retracing slightly. CK Zheng, chief investment officer of ZK Square, attributed the surge to a “Santa Claus mode,” as investors fear missing out and increase their capital allocation to Bitcoin. Zheng predicted Bitcoin could hit $125,000 by early 2025 but cautioned about a potential 30% correction as much of the bullish sentiment tied to the incoming Trump administration has already been “priced in.” Such a correction from $125,000 would bring Bitcoin down to approximately $87,500. Trump Administration Speculation Fuels Rally The rally follows comments from Strike CEO Jack Mallers, who suggested President-Elect Donald Trump might issue an executive order on Jan. 20, designating Bitcoin as a reserve asset. “There’s potential to use a day-one executive order to purchase Bitcoin,” Mallers said, though he clarified, “It wouldn’t be the size and scale of 1 million coins, but it would be a significant position.” Meanwhile, Dennis Porter, CEO of the Satoshi Action Fund, revealed that a third Bitcoin reserve bill is in progress at the state level, joining similar measures in Texas and Pennsylvania. “We’re going to see more and more of these bills come. At least 10, in my opinion,” Porter said during a Dec. 15 X Spaces discussion. Additional Catalysts for Bitcoin’s Surge Financial analysts are also anticipating a 0.25% interest rate cut by the U.S. Federal Reserve on Dec. 18, which could further boost Bitcoin. Additionally, a new Financial Accounting Standards Board rule taking effect after Dec. 15 allows institutions to more accurately report the value of their crypto assets, potentially attracting more institutional investors. The Crypto Fear and Greed Index currently ranks market sentiment in the “Extreme Greed” zone at 83 out of 100. CryptoIntelligence
