Microstrategy CEO Michael Saylor has hinted towards plans to purchase another cache of Bitcoin as the market prepares to welcome the new year. Saylor posted the chats from his SaylorTracker website, adding a cheeky comment to it. The Microstrategy CEO usually posts the chat on Sundays preceding a large cache of Bitcoin buy.
The post on X has become Saylor’s pattern for a while, with it looking like a way he updates his four million followers on Sundays. As usual, the post gathers comments from his followers, with most of them anticipating the company’s move the following day. The company’s recent purchase occurred on December 22, buying 5,200 BTC at $106,000 per token. It also represents its smallest purchase to date.
Microstrategy set to intensify its Bitcoin purchase efforts
According to a recent post by Saylor, the company intends to continue to purchase Bitcoin regardless of the price. It is now looking like a Bitcoin-leveraged bet, one that is tied to the overall health of Bitcoin. The company is also not slowing down, calling a meeting among investors to raise capital to buy more assets.
Microstrategy currently holds 444,262 BTC in its reserves, with a cumulative worth of about $41 billion. The company currently holds the highest number of assets by a single entity. In its recent meeting, Microstrategy made a 21/21 proposal to increase the number of shares to shareholders. Under the proposal, the firm will raise $42 billion, which will be used to purchase Bitcoin.
Saylor wants a crypto framework in the United States
Michael Saylor has been a voice for the crypto industry in the United States, proposing favorable regulations. The plan includes a national Bitcoin reserve, one which Saylor feels could help provide about $81 billion to offset the United States debt.
The Microstrategy boss also says Bitcoin could help the dollar maintain its position as a global reserve currency, with the assets market cap rising to $10 trillion in the future. He believes that Bitcoin’s growth could propel the demand for the US dollar, and stablecoins like USDT. Saylor also included a tax on assets, specifying exactly where the country should tax. Among the listed assets are digital assets, commodities, securities, and digital ABTs securing real-world commodities.
The post Microstrategy CEO teases new Bitcoin purchase ahead of 2025 first appeared on Coinfea.
