MicroStrategy Makes First Bitcoin Acquisition Above $100K

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Michael Saylor, has implied in a recent post that MicroStrategy may have purchased more Bitcoin over the weekend. This would mark their first acquisition at an average purchase price exceeding $100,000.

Saylor has been consistently posting the SaylorTracker chart for the past five Sundays, with each one followed by a confirmed purchase from MicroStrategy the next day.

If this follows suit for a sixth time, it would mean MicroStrategy bought their first Bitcoin batch with an average price above $100,000, as Bitcoin has not dipped below this threshold since Dec. 13.

The company has previously revealed purchases at an average price of $97,862, $95,976, and $98,783 over the last three Mondays from Nov. 25 to Dec. 9.

Another purchase within this range would bring their Bitcoin portfolio close to $50 billion, as they currently hold 423,650 Bitcoin worth over $43.6 billion.

Louis Adams https://www.satoshihodler.com

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.