MicroStrategy's Michael Saylor Hints at Future Bitcoin Purchases as BTC Peaks at New Highs Over $90,000

As Bitcoin [BTC] peaked at new highs over $90,000, MicroStrategy co-founder Michael Saylor has strongly hinted at future Bitcoin purchases.

MicroStrategy [NASDAQ: MSTR] stock surged on Monday as investors cheered the company’s latest Bitcoin [BTC] purchase and remained optimistic about its crypto-focused strategy.

At press time, MSTR stock was trading at $340.07, up by 0.75% on the day. Meanwhile, the Nasda Composite was down by 0.04%.

Over the past week, MSTR stock surged by 12.26%. Meanwhile, theNasdaq Composite gained 0.4%.

A recent analysis by Bitwise Invest highlighted the synergy between Bitcoin and MicroStrategy, which could present opportunities for investors.

According to Google Finance, MSTR stock closed Friday, November 11, at $337.9. At press time, the stock was trading at $340.07, indicating a gain of about $2.17.

Latest MicroStrategy Bitcoin Purchase

The latest acquisition by MicroStrategy on the 11th of November saw the company buy 27,200 BTC for approximately $2.03 billion at an average price of $74,463 per Bitcoin.

According to Saylortracker, MicroStrategy made 11 Bitcoin purchases in 2024 alone. Its total BTC holdings now stand at 144,920 Bitcoin, acquired at an aggregate cost of about $4.03 billion.

MicroStrategy began acquiring Bitcoin in August 2020, deploying a total of $4.03 billion in capital for its 144,920 BTC war chest. The company’s average entry price is approximately $27,800 per Bitcoin.

Based on the latest market price of about $91,935.03, MicroStrategy’s Bitcoin holdings are valued at about $25.7 billion, reflecting a staggering unrealized gain of over $21.7 billion.

Earlier this year, we covered how MicroStrategy stock had reached a 25-year high, largely due to the company’s recognition for its Bitcoin-focused strategy.

Now, the company’s stock is surging again as investors cheer the latest Bitcoin purchase and remain optimistic about MicroStrategy’s crypto strategy.

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