EddieJayonCrypto
16 Dec 24
Michael Saylor, co-founder of MicroStrategy, has hinted at a potential major Bitcoin acquisition following the company's recent inclusion in the Nasdaq-100 Index. Speculation arose after Saylor questioned if a new Bitcoin purchase was imminent, given the absence of a green marker on the SaylorTracke...
MicroStrategy's CEO, Michael Saylor, has implied that the company may be considering a significant new Bitcoin acquisition after the recent inclusion in the Nasdaq-100 Index. This speculation arose when Saylor questioned the absence of a green marker on the SaylorTracker, which monitors the company's Bitcoin purchases. With over 171,000 BTC acquired, valued at $15 billion, MicroStrategy's potential entry into the S&P 500 is also being anticipated.
In a similar vein, Marathon Digital Holdings is aiming for a Nasdaq-100 spot and has aggressively increased its Bitcoin reserves. Saylor has marked Marathon as a likely candidate for inclusion, citing the company's impressive progress despite its current market capitalization being below $10 billion. Marathon's acquisition of 40,435 BTC, valued at nearly $3.9 billion, solidifies its position as the second-largest corporate Bitcoin holder.
MicroStrategy and Marathon Digital Holdings' strategic moves signify their growing influence in the institutional crypto investment landscape, with both companies poised for potential milestones in the stock market.