MicroStrategy Signals Potential Bitcoin Acquisition Following Nasdaq-100 Milestone
MicroStrategy Eyes Bitcoin Acquisition
Speculation is rife as Michael Saylor, co-founder of MicroStrategy, drops hints about a possible new Bitcoin acquisition. The recent inclusion of the company in the Nasdaq-100 Index has sparked further interest in its activities within the tech and financial sectors.
Saylor’s cryptic tweet on December 15 about the SaylorTracker missing a green marker has set tongues wagging in the crypto community. This marker traditionally denotes new Bitcoin purchases by the company, leading to speculation of an upcoming acquisition.
In the past five weeks, MicroStrategy has made subtle social media hints preceding official announcements of substantial Bitcoin acquisitions the following Monday. This strategy has seen the company amass over 171,000 BTC, representing investments exceeding $15 billion.
If the rumored acquisition materializes, it will be MicroStrategy’s first Bitcoin purchase post its Nasdaq-100 Index inclusion on December 13. Analysts view this move as potentially paving the way for the company’s entry into the S&P 500, tracking the performance of the U.S.’s largest 500 firms.
CoinDesk’s James Van Straten highlighted that MicroStrategy’s only remaining criterion for S&P 500 inclusion is the attainment of positive earnings over the last four quarters.
Marathon Digital Targets Nasdaq-100 Entry
Concurrently, Marathon Digital Holdings is striving to emulate MicroStrategy’s success. Saylor has lauded Marathon as a likely candidate to secure a Nasdaq-100 spot, responding to Marathon CEO Fred Thiel’s congratulatory message with optimism about the company’s future.
Marathon faces challenges with its current market capitalization falling short of $10 billion, a far cry from MicroStrategy’s figures pre-inclusion. However, Marathon has aggressively increased its Bitcoin strategy, injecting over $1 billion this month to boost its reserves to 40,435 BTC, now valued at nearly $3.9 billion.
This acquisition cements Marathon’s standing as the second-largest corporate Bitcoin holder, trailing only MicroStrategy. As Marathon continues expanding its Bitcoin portfolio, it positions itself as a key player in the institutional crypto investment landscape.