The post Breaking : Microstrategy Buys 15,350 BTC For $1.5 Billion appeared first on Coinpedia Fintech News
Microstrategy, a Nasdaq-100 listed firm has acquired 15,350 BTC Bitcoins for approximately $1.5 billion billion at an average price of $100,386 per BTC.
With the recent acquisition, the firm holds 439,000 $BTC , purchased for $27.1 billion at an average of $61,725 per bitcoin, achieving YTD yields of 46.4% QTD and 72.4% YTD.
MicroStrategy now holds 2% of the 21 million BTC available in existence.
On December 15, Michael Saylor sparked an interesting discussion, with his X post questioning the absence of a “green dot” on SaylorTracker, which is widely known as a signal for imminent Bitcoin purchases.
MicroStrategy joins the Nasdaq-100 index and ‘QQQ’ ETF
Starting December 23, MicroStrategy’s inclusion in the Nasdaq-100 positions it within prominent index-tracking funds like QQQ. With over $250 billion in assets under management, this exchange-traded fund provides unparalleled exposure to millions of retail and institutional investors worldwide.
As a result, ETFs tracking the index, managing over $550 billion in assets collectively, now automatically include MicroStrategy in their portfolios. The largest of these, Invesco QQQ, manages assets exceeding $300 billion, creating significant potential to boost MSTR’s share value.
MicroStrategy ($MSTR) becomes the first Bitcoin treasury company in the NASDAQ 100; However, Saylor predicts $MARA could follow next.
https://twitter.com/btcjvs/status/1868293573260739043
James Van Straten, a senior analyst at CoinDesk, highlights that MicroStrategy ($MSTR) needs positive earnings over the past four quarters to qualify for the S&P 500. He projects that with FASB implementation in Q1 2025 and Bitcoin ($BTC) priced at $120,000, $MSTR could achieve $25 billion in net income, potentially making it eligible for inclusion in the S&P 500 as early as Q2 2025.
Impact on Bitcoin Price
Bitcoin Price continued its upward trend, reaching a new all-time high of 106,488.25 early Monday. The recent spike comes amid rising investor optimism, spurred by US President-elect Donald Trump’s possible bitcoin strategic reserve fund and the continuous surge of institutional interest, including the Nasdaq listing of pro-Bitcoin startup MicroStrategy.
As of press time, BTC price is changing hands at $103K, with minor loss.
Market experts believe that MicroStrategy’s growing influence in the Nasdaq-100 and its continued Bitcoin purchases could further attract additional institutional buyers, potentially pushing Bitcoin to new all-time highs.
