30s Summary

MicroStrategy’s CEO Michael Saylor hints at buying more Bitcoin, despite the price exceeding $100,000 for the first time. If his hints are accurate, it is possible that the company spent over $5.7 billion on Bitcoin in its last three purchases. Furthermore, if another round of buying occurred at these high prices, the company could own nearly $50 billion in Bitcoin. Concurrently, MicroStrategy’s own stock has surged, rising by 496.4% this year.

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Michael Saylor, the genius behind MicroStrategy’s Bitcoin game plan, has hinted that the company bagged some more Bitcoin over the weekend – making it the first time the company has bought the digital currency with an average purchase price exceeding $100,000. Saylor suggested in a post on Dec. 15 that the company’s Bitcoin tracker, SaylorTracker, might have a new “green dot” indicating a new purchase.

So what’s the trend? Saylor has posted the SaylorTracker chart on five successive Sundays since Nov. 10, and on each occasion a Bitcoin purchase by MicroStrategy has been confirmed the day after.

If Saylor’s hints are right for the sixth time, it’d mean MicroStrategy splurged on its first lot of Bitcoin averaging a price over $100,000. And why do we say so? Because Bitcoin hasn’t traded below six figures since 5:00 pm UTC on Dec. 13, according to CoinGecko data.

Saylor’s company has previously confirmed picking up Bitcoin averaging purchase costs of $97,862, $95,976 and $98,783 on the last three Mondays from Nov. 25 to Dec. 9. In terms of money, imagine this: they’ve spent $1.5 billion and $5.7 billion on Bitcoin in just these last three purchases.

If they bought another batch at that high end, the company could be close to owning a mindboggling $50 billion worth of Bitcoin! As of mid-December, the company has 423,650 Bitcoin worth more than $43.6 billion.

In even more exciting news, Bitcoin soared to a new all-time high of $106,554, just a day after Saylor’s post. And the good news is that Saylor’s sincere about not stopping these Bitcoin buying sprees anytime soon. He’s said he’s “sure” he’ll be buying more Bitcoin even when it costs $1 million.

And no, none of this crazy shopping has hurt MicroStrategy’s own stock. In fact, MSTR has turned out to be one of the hottest stocks on the Nasdaq this year, having shot up by an astonishing 496.4% so far, Google Finance data shows. This performance has even earnt the company a spot on the Nasdaq-100 — an index featuring shares of the 100 largest non-financial companies listed on the Nasdaq.