【Michael Saylor Breaks Silence on Bitcoin Price】
Recently, the Bitcoin price has approached $100,000, becoming the focus of the market. On Saturday, Bitcoin reached $99,044, with a high of $99,860 yesterday, just a few hundred dollars away from the psychological barrier. The current trading price is $98,572.
Michael Saylor, co-founder of MicroStrategy, emphasized in a post that the Bitcoin price is close to $0.1 million, attracting more investor attention. With the launch of Bitcoin ETF options, market sentiment has further heated up. However, whether Bitcoin can break through $100,000 still faces challenges, including the impact of market sentiment and overall economic conditions.
MicroStrategy has accelerated its Bitcoin purchase plan, increasing the scale of its 0% convertible bond issuance from $1.75 billion to $2.6 billion, pricing it at a 55% premium, with plans to raise $42 billion in funds to increase its Bitcoin holdings over the next three years. So far, the company has completed a $3 billion convertible bond issuance with an implied exercise price of $672.
Earlier this week, MicroStrategy purchased $4.6 billion worth of Bitcoin through its stock issuance plan, making it the largest institutional holder, with a total holding of 331,200 Bitcoins and a purchase cost of approximately $16.5 billion. This move further solidifies Bitcoin's position as an institutional asset and injects confidence into the market.