MicroStrategy, led by co-founder Michael Saylor, is fueling anticipation for another potential Bitcoin acquisition, marking the ninth consecutive week of hints suggesting an increase in its Bitcoin treasury.
Key Updates:
Current Bitcoin Holdings:
MicroStrategy currently holds 446,400 BTC, valued at approximately $43.7 billion.
The company purchased 2,138 BTC on Dec. 30 at an average price of $97,837 per coin, following a similar hint by Saylor.
Saylor's Consistent Signals:
For nine consecutive weeks, Saylor has posted messages on the SaylorTracker website, hinting at upcoming Bitcoin purchases.
These posts often precede MicroStrategy’s BTC acquisitions, with the next purchase anticipated on Jan. 8, following his Jan. 5 post.
21/21 Bitcoin Treasury Plan:
MicroStrategy is executing its ambitious 21/21 plan, aiming to acquire $42 billion in Bitcoin by issuing $21 billion in equity and $21 billion in fixed-income securities.
The company’s inclusion in the Nasdaq 100 on Dec. 23, 2024, enhances traditional investor exposure to Bitcoin through ETFs.
Shareholder Approvals:
Proposals to increase authorized shares include:
Class A common stock: From 330 million to 10.3 billion shares.
Preferred stock: From 5 million to 1 billion shares.
$2 Billion Preferred Stock Offering:
Announced on Jan. 4, this offering will prioritize preferred shareholders in liquidation events, aligning with its broader strategy to strengthen Bitcoin reserves.
MicroStrategy's consistent purchases highlight institutional confidence in Bitcoin as a treasury asset.
Saylor’s ongoing hints reflect a robust belief in Bitcoin’s long-term value, with BTC/USD trading near $99,688.
