●MicroStrategy Acquires 5,262 BTC for $561M, Total Holdings Reach 444,262 BTC
●MicroStrategy, the largest corporate Bitcoin holder, has added 5,262 BTC to its reserves for $561 million at an average price of $106,662 per coin. This brings its total holdings to 444,262 BTC, acquired at an average cost of $62,257 per Bitcoin, according to co-founder Michael Saylor.
●MicroStrategy Joins Nasdaq 100
The announcement coincides with MicroStrategy’s inclusion in the Nasdaq 100 index on December 23, 2024. This move places the company among Nasdaq’s top 100 firms, indirectly exposing Bitcoin to stock investors, including holders of the $322 billion Invesco QQQ ETF.
●Leadership Changes
MicroStrategy has expanded its board, adding Brian Brooks (former Binance.US CEO), Jane Dietze (Galaxy Digital board member), and Gregg Winiarski (Fanatics Holdings). These appointments reflect the company’s deepening focus on Bitcoin and digital assets.
●Saylor’s Bold Vision
Michael Saylor reiterated his bullish stance, envisioning future Bitcoin purchases of up to $1 billion per day if Bitcoin’s price hits $1 million. He reaffirmed MicroStrategy’s commitment to acquiring Bitcoin at all price levels.
●Backing Trump’s Strategic Bitcoin Reserve
Saylor expressed support for President-elect Donald Trump’s proposed strategic Bitcoin reserve, outlined in the “Digital Assets Framework” policy. He emphasized the U.S. leading global digital innovation by establishing clear compliance standards and rights for crypto holders.
●Saylor projected that such a reserve could generate $16 to $81 trillion in wealth, erase the $36 trillion U.S. national debt, and secure the dollar’s role in the digital economy.
#MicroStrategyInNasdaq100 #MicroStrategy #michaelsaylor #ChristmasMarketAnalysis
