MicroStrategy’s Saylor Hints at New Bitcoin Purchase as BTC Tracker Signals Activity
Michael Saylor, co-founder of MicroStrategy, teased another significant Bitcoin (BTC) purchase through a post on the SaylorTracker website on January 5. Known for his consistent Bitcoin acquisitions, Saylor’s post has fueled speculation of a new purchase slated for Monday.
MicroStrategy’s Growing Bitcoin Treasury
- Current Holdings: MicroStrategy holds 446,400 BTC, valued at approximately $43.7 billion, according to SaylorTracker.
- Latest Purchase: On December 30, the company bought 2,138 BTC at an average price of $97,837 per coin.
- 21/21 Plan: MicroStrategy aims to acquire $42 billion worth of Bitcoin by financing the purchases with $21 billion in equity and $21 billion in fixed-income securities.
Saylor’s consistent Bitcoin acquisitions have positioned MicroStrategy as one of the most influential corporate players in the cryptocurrency space.
Bitcoin Integration with Nasdaq 100
On December 23, 2024, MicroStrategy joined the Nasdaq 100, an index tracking the 100 largest companies listed on the Nasdaq exchange. This inclusion allows traditional stock investors indirect exposure to Bitcoin through exchange-traded funds (ETFs) tied to the index.
MicroStrategy has called for shareholder approval to:
- Increase class A common stock from 330 million to 10.3 billion shares.
- Raise preferred stock from 5 million to over 1 billion shares.
These moves aim to secure financing for its Bitcoin acquisition strategy.
New $2 Billion Preferred Stock Offering
On January 4, MicroStrategy announced a plan to raise $2 billion through a perpetual preferred stock offering:
- Priority: This offering will take precedence over common stock in the event of bankruptcy or liquidation.
- Separate from 21/21 Plan: The raise is distinct from the company’s core Bitcoin strategy and is expected in Q1 2024, pending shareholder approval.
Saylor’s Vision and Bitcoin Advocacy
Saylor has been a vocal advocate for Bitcoin, even proposing a US crypto framework anchored on an $81 trillion Bitcoin reserve plan. His leadership at MicroStrategy underscores the company’s long-term commitment to Bitcoin as a treasury asset.
Conclusion
Michael Saylor’s hint at another Bitcoin purchase aligns with MicroStrategy’s 21/21 plan, further solidifying the company’s reputation as a Bitcoin maximalist. With a growing treasury, a strategic Nasdaq 100 listing, and innovative financing initiatives, MicroStrategy continues to shape corporate Bitcoin adoption. Investors and crypto enthusiasts alike will be closely watching Monday’s developments for further insights into MicroStrategy’s ongoing Bitcoin strategy.
