Bitcoin-focused firms are making significant strides in the financial world, with MicroStrategy and MARA Holdings leading the charge. MicroStrategy, spearheaded by Michael Saylor, is set to join the Nasdaq-100, marking a major milestone as the first Bitcoin treasury company to enter the prestigious index. Meanwhile, MARA Holdings, a prominent crypto miner, is positioning itself to follow suit, bolstered by substantial Bitcoin investments and a growing market presence.
Michael Saylor Hints at MicroStrategy’s Latest Bitcoin Purchase as BTC Hits Six Figures
MicroStrategy, under the leadership of Michael Saylor, continues its relentless pursuit of Bitcoin dominance. Over the weekend, Saylor dropped a cryptic hint suggesting that the firm may have made another significant Bitcoin purchase — its first acquisition with an average purchase price exceeding $100,000 per Bitcoin.
In a Dec. 15 post on X, Saylor teased followers by asking if the SaylorTracker portfolio tracker was “missing a green dot.” The reference is widely understood by the Bitcoin community as an indication of a new addition to MicroStrategy’s Bitcoin holdings. The timing aligns with the firm’s recent pattern of Sunday hints, which have consistently been followed by Bitcoin purchase confirmations on Monday.
If confirmed, this acquisition would mark a historic milestone for MicroStrategy: its first Bitcoin purchase in the six-figure price range. Bitcoin has remained above $100,000 since 5:00 PM UTC on Dec. 13, according to CoinGecko. Previous purchases by the business intelligence firm were made at average prices of $97,862, $95,976, and $98,783, with acquisitions amounting to $1.5 billion and $5.7 billion during the last three purchase rounds.
As of Dec. 16, MicroStrategy’s Bitcoin holdings total 423,650 BTC, valued at over $43.6 billion. Should the latest purchase fall near the upper range of previous acquisitions, the firm’s Bitcoin portfolio would inch closer to a staggering $50 billion valuation.
The latest hint comes just ahead of Bitcoin reaching a new all-time high of $106,554. This monumental price level reinforces Saylor’s confidence in Bitcoin’s future. He has previously stated that MicroStrategy has no intention of slowing down its Bitcoin purchases, even as the cryptocurrency climbs to unprecedented price levels. In a bold statement, Saylor asserted he’s “sure” the company will continue buying Bitcoin even if its price reaches $1 million per coin.
This unwavering strategy has made MicroStrategy synonymous with Bitcoin investment in the corporate world. The company’s stock, MSTR, has reaped the rewards of this approach, skyrocketing 496.4% year-to-date, according to Google Finance data. Such stellar performance has propelled MicroStrategy into the elite Nasdaq-100, a stock index comprising 100 of the largest non-financial companies listed on the Nasdaq.
A Game-Changer for Bitcoin Advocacy
Saylor’s commitment to Bitcoin has extended far beyond the corporate realm. As an influential advocate, he has played a crucial role in driving institutional adoption of the cryptocurrency. His public comments often serve as a barometer for Bitcoin’s broader acceptance in financial markets.
If MicroSrategy’s latest acquisition is confirmed, it could bring the firm tantalizingly close to a $50 billion Bitcoin portfolio. Such a milestone would solidify its status as the largest corporate holder of Bitcoin, a title it has held for years.
As Bitcoin continues to climb to new heights, all eyes are on MicroStrategy to see how far its ambitious Bitcoin strategy can go. Whether Bitcoin reaches $1 million or more, Saylor appears determined to lead the charge.
Michael Saylor Predicts MARA Holdings Will Be Next Bitcoin Firm to Join the Nasdaq-100
In related news, Saylor has tipped MARA Holdings, a leading cryptocurrency mining firm, as the next Bitcoin-focused company to join the Nasdaq-100 Index. The prediction came in a Dec. 14 post on X, where Saylor responded to MARA Holdings chairman and CEO Fred Thiel, who congratulated MicroStrategy on its recent inclusion in the prestigious index.
“Thanks, Fred. I expect $MARA will be the next,” Saylor remarked, signaling confidence in MARA Holdings’ trajectory toward becoming one of the largest publicly traded companies on the Nasdaq exchange.
MicroStrategy’s inclusion in the Nasdaq-100, set to take effect before the trading day on Dec. 23, cements its position as a trailblazer in Bitcoin adoption among publicly traded firms. The company, recognized as the first Bitcoin treasury company to achieve this milestone, has seen its market capitalization soar to $94.77 billion as of Dec. 13, according to Financecharts.
Fred Thiel, MARA Holdings’ CEO, acknowledged MicroStrategy’s achievement, stating, “Congratulations to $MSTR and @saylor for being the first Bitcoin treasury company to join the Nasdaq 100.” He further emphasized that MARA is “working hard to get there,” pointing to the firm’s ambition to follow MicroStrategy’s footsteps.
MARA Holdings, a leading Bitcoin mining company, has aggressively expanded its Bitcoin holdings. In the last two months alone, the firm has invested over $600 million in Bitcoin, according to a Dec. 2 filing with the US Securities and Exchange Commission (SEC).
Despite its smaller market capitalization of $7.32 billion compared to MicroStrategy, MARA is positioning itself as a key player in the Bitcoin ecosystem. Its stock price has also demonstrated growth, closing at $22.73 on Dec. 13 — up 16.74% over the past six months, according to Google Finance data.
Inclusion in the Nasdaq-100 is reserved for the top 100 non-financial companies listed on the Nasdaq exchange by market capitalization. Being part of this elite index signals strong financial performance, innovation, and investor confidence.
MicroStrategy’s addition to the Nasdaq-100 coincides with the removal of three companies: Illumina, Super Micro Computer, and Moderna. The change reflects the dynamic nature of the index, where only the most competitive companies maintain their positions.
MARA’s Call for US Leadership in Bitcoin
MARA Holdings has not only focused on expanding its Bitcoin holdings but has also emerged as a vocal advocate for US dominance in Bitcoin mining and adoption. In a Nov. 26 post on X, the firm urged the US government to take more aggressive steps to secure its leadership in Bitcoin and Bitcoin mining, framing the issue as a matter of national security.
“The United States faces an urgent need to secure its economic and national security interests,” MARA stated, drawing parallels between Bitcoin and gold as strategic reserves. The firm’s call to action comes amidst a global trend of de-dollarization, as countries increasingly diversify away from reliance on the US dollar.
MARA’s push for US leadership in Bitcoin aligns with the growing narrative of Bitcoin as a strategic asset in the global economy. As geopolitical dynamics shift and the role of the US dollar in international trade faces challenges, Bitcoin’s decentralized and borderless nature is seen by many as a hedge against economic uncertainty.
Michael Saylor’s unwavering belief in Bitcoin as a superior treasury asset has been instrumental in driving institutional adoption. His prediction that MARA will join the Nasdaq-100 suggests an increasing convergence of cryptocurrency firms with traditional financial markets.
As MicroStrategy prepares to officially join the Nasdaq-100, it sets a precedent for other Bitcoin-focused firms like MARA Holdings to follow. The crypto miner’s recent investments and advocacy efforts underscore its commitment to becoming a major player in the Bitcoin space.
With Bitcoin adoption continuing to rise and institutional players making significant moves, the inclusion of more crypto-centric companies in major indices like the Nasdaq-100 appears inevitable. Saylor’s prediction for MARA Holdings could be a glimpse into a broader trend where Bitcoin firms solidify their positions in traditional financial markets.
Whether MARA will indeed be next remains to be seen, but its trajectory suggests it is well on its way to joining the upper echelons of the financial world. For now, the spotlight remains on MicroStrategy’s achievement, serving as a reminder of Bitcoin’s growing influence in global markets.
