Michael Saylor indirectly confirmed that his business intelligence company purchased more Bitcoins at a price above $100,000/BTC.
Michael Saylor is president and former CEO of Microstrategya Nasdaq-listed business intelligence company that is popular in the crypto space for its Bitcoin holdings. Under Saylor’s leadership, this company began purchasing Bitcoin with the vision of making Microstrategy a million-dollar Bitcoin company.
On December 15, 2024, Michael Saylor said Microstrategy’s Bitcoin buy chart needed a greener dot. Indirectly, he hinted that his company bought Bitcoin and will soon make it public.
In recent months, Saylor hinted at a large Bitcoin purchase with similar suggestions and each time Microstrategy announced the purchase of a large amount of Bitcoin.
Currently, Microstrategy holds a total of 423,650 BTC at an average cost of $58,219 per Bitcoin with a total cost of $23.41 billion. With this stake, this business intelligence company has an unrealized gain of $19.34 billion.
Saylor continues to promote Bitcoin in his 24-hour social media activity. Today, he posted an AI-generated image of himself and said he will meet all those Bitcoin haters on the moon. In fact, here, Saylor indirectly created fomo among non-Bitcoin investors.
Bitcoin price action
The current trading price of Bitcoin ($BTC) is $106,517 and this price level is 3.7% higher in the last 24 hours. Notably, the trading price of this leading cryptocurrency increased in the last 3 hours, following Saylor’s indirect announcement regarding Bitcoin purchasing activity.
However, Bitcoin investors are optimistic about seeing a new big rise in the price of Bitcoin, but unfortunately, an analysis shared by the majority of cryptocurrency traders, on behalf of the trading price pattern, does not show any big rebound in prices.
Recently, Titan of Crypto, a well-known cryptocurrency analyst, shared his analysis on Bitcoin and predicted that Bitcoin will reach $129,000 at the top of this cycle.
Also Read: 6 New Countries Are Planning “Bitcoin Strategic Reserve” Idea – $13 Trillion Inflow Confirmed!
