Key Points
- MicroStrategy co-founder Michael Saylor hints at more Bitcoin purchases as the cryptocurrency reaches new highs.
- BitwiseInvest’s exec endorses MicroStrategy stock (MSTR) as essential for high-reward strategies.
Michael Saylor, the co-founder of MicroStrategy, has suggested that the company may buy more Bitcoin. This speculation comes as Bitcoin’s value reaches unprecedented highs, surpassing $90,000. Saylor’s hint was posted on a social media platform, with a comment about the company’s Bitcoin portfolio tracker requiring more ‘green dots’, which represent Bitcoin purchases.
As of now, MicroStrategy’s Bitcoin portfolio is valued at a staggering $25.7 billion. Bitcoin’s current trading price stands at $91,935.03, having increased by 2.38% in the past day.
MicroStrategy’s Bitcoin Buying Spree
Despite some investors expressing concern over whether it’s too late to invest in Bitcoin, Saylor has shown unwavering interest in the cryptocurrency. Since 2020, MicroStrategy has consistently been purchasing Bitcoin. According to the company’s tracker, 11 Bitcoin purchases were made in 2024 alone.
MicroStrategy’s most recent acquisition on November 11 involved the purchase of 27,200 Bitcoin, costing approximately $2.03 billion. The average price per Bitcoin during this transaction was $74,463.
MicroStrategy Outperforms Berkshire Hathaway
MicroStrategy’s Bitcoin strategy has not only boosted its crypto holdings but also its stock performance. The company’s stock (MSTR) has been outperforming Warren Buffett’s Berkshire Hathaway. The ratio of MSTR stock to Berkshire Hathaway’s BRK Class B stock is 0.72, a figure nearing the levels seen during the dot-com bubble of the late 1990s.
In addition to Bitcoin’s price surge, MicroStrategy’s stock performance has been impressive. This dual momentum suggests that the company’s aggressive strategy towards Bitcoin is paying off.
Jeff Park, Head of Alpha Strategies at Bitwise Invest, recently commented on the synergy between Bitcoin and MicroStrategy. He emphasized the importance of quantitative methods in understanding the probabilistic nature of market movements. He also endorsed MicroStrategy’s stock, arguing that owning MSTR provides investors with a unique opportunity to achieve exceptional yields.
As Bitcoin’s value continues to rise and institutional interest deepens, MicroStrategy’s bold strategy places it at the center of the evolving cryptocurrency landscape.