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Michael Saylor posted another BTC chart on January 5, suggesting the firm could be ready to purchase more Bitcoin.
Saylor posted a BTC tracker on December 29 before the company purchased over 2000 coins in Bitcoin the next day.
Some say MicroStrategy could reduce its BTC purchases in 2025.
On January 5, Microstrategy‘s Michael Saylor posted the BTC chart on the SaylorTracker website.
Normally, the chart is released before the firm purchases new Bitcoin the next day. Thus, analysts are predicting MicroStrategy will make another Bitcoin purchase on Monday.
Saylor did similar before a recent BTC acquisition
Michael Saylor, co-founder of Microstrategy, posted the firm’s Bitcoin Tracker chart on December 29. The next day, the company made another Bitcoin acquisition.
MicroStrategy bought 2138 BTC all on Dec 30, spending about $97,837 on each coin.
On January 5, Saylor shared a similar chart tracking all of Microstategy BTC purchases. Given its history, analysts now believe the firm is ready to make another BTC acquisition, particularly on January 6.
MicroStrategy’s 21/21 plan also adds to analysts’ expectations since the company will invest about $42 billion in its Bitcoin acquisitions, using $21 billion in equity and $21 billion in fixed-income securities.
The company even requested its shareholders to raise the authorized shares of preferred stock from 5 million to over 1 billion. Similarly, it is requesting an expansion of its Class A common stock authorization from 330 million to 10.3 billion shares.
Moreover, MicroStrategy has disclosed its intention to pursue a $2 billion perpetual preferred stock offering. This raise initiative, separate from the firm’s 21/21 Bitcoin financing strategy, is projected for Q1 2025, contingent on internal approval.$BTC