MicroStrategy or for the first time broke the $100,000 average price increase BTC, 10x Research predicts that BTC will rise to $120,000 when Trump takes office

On December 16th, Michael Saylor, founder of MicroStrategy, hinted that the company may increase its holdings of Bitcoin (BTC) for the first time at an average price of over $100,000. Data shows that from November 25th to December 9th, MicroStrategy has purchased BTC for three consecutive weeks at average prices of $97,862, $95,976, and $98,783, with a total investment of 1.50 billion to $5.70 billion. If it increases its holdings to the upper limit of this range again, its BTC holdings may reach $50 billion. As of now, the company holds 423,650 BTC, worth over $43.60 billion. In addition, SaylorTracker data shows that MicroStrategy marks a green dot on the corresponding date after each increase, and Saylor's consecutive "Tracker" dynamic triggers market expectations. According to historical patterns, the company usually makes purchases the day after the news is released.

 

10X Research analysis points out that the rise of Bitcoin is expected to recover after a brief consolidation. Factors such as tight BTC inventory on exchanges and insufficient OTC supply provide support for the price. It is expected that the BTC price may rise to $120,000 before Trump's inauguration on January 20, 2025. It is worth noting that MicroStrategy has been included in the Nasdaq 100 Index, but not in the S & P 500 Index. Institutional adjustments may accelerate its holdings. At the same time, the company may continue to expand its Bitcoin holdings by publishing convertible bonds, further boosting the BTC price.

 

In addition, the FASB (US Financial Accounting Standards Board) has approved companies to report BTC at fair value, allowing floating income to be reflected through market capitalization measurement, bringing greater transparency to the financial reporting of companies holding Bitcoin.