MicroStrategy Targets $100K Bitcoin Buy as BTC Breaks $106K

Michael Saylor, executive chairman of MicroStrategy, has hinted at a potential Bitcoin purchase. The company could soon buy Bitcoin at an average price above $100,000 per coin. This comes as Bitcoin hits new all-time highs, showing strong momentum in the market.

Saylor Hints at Another Bitcoin Purchase

Saylor posted a message on X (formerly Twitter), asking if SaylorTracker was “missing a green dot.” This raised speculation that MicroStrategy made another Bitcoin purchase over the weekend. 

Since November 10th, Saylor has posted similar messages five Sundays in a row. Each time, MicroStrategy confirmed a Bitcoin acquisition the following day.

The company has purchased Bitcoin at average prices of $97,862, $95,976, and $98,783 per coin. These purchases occurred between November 25th and December 9th, according to SaylorTracker data.

Bitcoin Hits New High Above $106K

Bitcoin’s price has reached new heights, surpassing $106,000. As of press time, Bitcoin was trading at $104,958, reflecting a 3.14% increase in the past 24 hours and a 6.05% rise over the past week. With a circulating supply of 20 million BTC, Bitcoin’s market cap has now exceeded $2 trillion.

Rising trading volumes and growing investor interest have fueled Bitcoin’s upward momentum. Santiment data shows a 9.9% increase in wallets holding at least 100 BTC since October 10th. This includes 1,582 new wallets, signaling growing confidence in Bitcoin.

As Bitcoin’s price climbs, MicroStrategy’s plans to purchase more at over $100,000 could mark a key milestone. With the market showing strong bullish trends, more investors may follow, driving Bitcoin's price even higher.