MicroStrategy: First Purchase Average Price Exceeds $100,000 for Bitcoin
MicroStrategy's founder, Michael Saylor, seems to have bought more Bitcoin over the weekend, this time being the first time his company purchased Bitcoin at an average price exceeding $100,000.
Saylor mentioned in a post on Sunday that there seems to be a missing green dot on the portfolio tracking platform SaylorTracker, which could hint that MicroStrategy has increased its holdings again. Since November 10, Saylor has been posting charts from SaylorTracker every Sunday, and each time MicroStrategy buys Bitcoin, the platform confirms the news the following day.
If Saylor's hint this time is true, it will be the first time MicroStrategy has purchased Bitcoin at an average price exceeding $100,000. According to CoinGecko, since December 13, the price of Bitcoin has not dropped below six figures.
Data from SaylorTracker shows that Saylor's business intelligence company has confirmed that the average purchase prices of Bitcoin over the past three Mondays from November 25 to December 9 were $97,862, $95,976, and $98,783, with the value of these three batches of Bitcoin purchases being $1.5 billion and $5.7 billion respectively.
If another batch of Bitcoin reaches the upper limit of this range, MicroStrategy can easily reach a $50 billion Bitcoin portfolio. As of December 15, the company holds 423,650 Bitcoins, valued at over $43.6 billion.
