Saylor MicroStrategy BTC Tracker: Buy Another?
Microstrategy founder Michael Saylor shared his company's Bitcoin tracker on X. The market awaits the announcement of the company acquiring another chunk of BTC. At the time of Saylor's post on December 29, the price of bitcoin hovered around $94,800.
MicroStrategy founder Michael Saylor has reposted his company's Bitcoin (BTC) tracking chart on X.
In recent months, each such post has been followed by another shipment of the world's largest corporate owner of a major digital asset.
Industry experts and observers are quick to point out that MicroStrategy is about to announce another major BTC purchase.
NEW: Michael Saylor has reissued his BTC buy tracker, which means MicroStrategy will announce another HUGE #Bitcoin buy tomorrow.
SAYLOR IS THE GOAT 🐐 pic.twitter.com/48RTgEE1ud
— Nikolaus Hoffman (@NikolausHoff) December 29, 2024
In recent months, Microstrategy has acquired billions of dollars in additional BTC, following such clues. The company announced on November 10 that it bought 27,200 BTC for $2.03 billion. Another 51,780 BTC for $4.5 billion on Nov. 17 and $5.32 billion for 55,500 BTC on Nov. 24. The company's buying update in mid-December saw it add 15,350 bitcoins.
Microstrategy currently holds 444,262 BTC
Most recently, MicroStrategy acquired 5,262 BTC for $561 million, the purchase announced on December 23 shows that the company has purchased an average bitcoin purchase price of $106,662. This brings the total BTC holdings as of December 22, 2024 to 444,262 BTC, making MicroStrategy worth about $27.7 billion as of 2020.
The average purchase price for this entire shipment, the average dollar value, was $62,257 per bitcoin at the time of writing. According to Saylor's portfolio tracker, the company's holdings stand at $42.16 billion and Bitcoin's price is near $94,780. Total profits are over $14.5 billion.
Here's Saylor's latest post on X:
Discordant blue lines on pic.twitter.com/xPl4GTKU3E
— Michael Saylor⚡️ (@saylor) December 29, 2024
Bitcoin traded above $94k on December 29, holding above the level after bears rejected bulls' advances near the $100k level. Earlier this month, Bulls recovered from a low of $92k – having suffered an all-time high of $108k.
While the price of BTC has not increased amid recent MicroStrategy purchases, the market is extremely bullish amid buying pressure, interest in spot ETFs and other positive sentiment. Analysts say it could reach $150k-$200k by 2025.
