It seems to have become a tradition: every Sunday Michael Saylor of MicroStrategy publishes a graph with green dots representing his company’s Bitcoin purchases. And each time, it says something like “Are we missing a green dot?”
Yesterday it happened again.
Is https://t.co/Bx3917zMqi missing a green dot? pic.twitter.com/B3Zzd6M1uV
— Michael Saylor⚡️ (@saylor) December 15, 2024
First purchase over 100,000 USD
There is a possibility that Michael Saylor’s MicroStrategy made the first Bitcoin purchase over 100,000 USD with this post.
Saylor began posting this chart on Sunday, November 10, and each time it was followed by a Bitcoin purchase by MicroStrategy. The purchase was then confirmed the next day.
Tomorrow could be the sixth week in a row that MicroStrategy is buying Bitcoin.
At the time of writing, MicroStrategy owns 423,650 Bitcoin, equivalent to $44.4 billion in capital at current prices.
When will Michael Saylor stop buying?
If you believe Michael Saylor, MicroStrategy will not stop buying Bitcoin anytime soon.
Saylor recently stated that even if Bitcoin hits $1 million, his company will continue to be a buyer in the market, so we can rely on Michael Saylor’s buying power for a while yet.
The only caveat, of course, is that things have to continue to go well for MicroStrategy. They are taking out loans to buy more Bitcoin, which also brings additional risks.
For the moment, however, things are looking more than good.
MicroStrategy is making huge profits on its Bitcoin holdings, with a virtual price gain of almost 500% for 2024. It is quite possible that MicroStrategy will open in positive territory again today as Bitcoin has reached a new all-time high.
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