FameEX Hot Topics | MicroStrategy's Saylor Reveals BTC Tracker, Suggests Possible Bitcoin Purchase on Monday

According to data from the SaylorTracker website, MicroStrategy currently holds 446,400 Bitcoin, valued at approximately $43.7 billion. On January 5, the company’s co-founder, Michael Saylor, shared a Bitcoin chart from the SaylorTracker website, hinting at a possible Bitcoin purchase on Monday. This follows a similar post made on December 29, MicroStrategy’s acquisition of 2,138 BTC at an average price of $97,837 per coin on December 30. The recent activity has fueled speculation about continued Bitcoin accumulation to bolster the company’s reserves.

MicroStrategy remains committed to its ambitious 21/21 plan, which aims to acquire $42 billion worth of Bitcoin. The strategy involves raising $21 billion through equity issuance and another $21 billion via fixed-income securities. This approach underscores the company’s dedication to building substantial Bitcoin reserves as part of its long-term corporate treasury strategy. MicroStrategy’s aggressive accumulation highlights its confidence in Bitcoin as a store of value and inflation hedge, positioning it as a leading institutional Bitcoin holder.

On December 23, 2024, MicroStrategy achieved a major milestone by joining the Nasdaq 100, an index that tracks the 100 largest companies listed on the Nasdaq exchange. This inclusion provides traditional stock investors with indirect exposure to Bitcoin through ETFs that track the index. It also enhances MicroStrategy’s profile as a key player bridging institutional finance and the cryptocurrency market, further driving mainstream Bitcoin adoption.

Following its inclusion in the Nasdaq 100, MicroStrategy held a special shareholders meeting to seek approval for increased stock issuance. In a December 23 SEC filing, the company proposed increasing class A common stock from 330 million shares to 10.3 billion shares and raising preferred stock authorization from 5 million shares to over 1 billion to fund its Bitcoin strategy.

On January 4, MicroStrategy announced plans to raise $2 billion through a perpetual preferred stock offering. Separate from its 21/21 plan, this raise aims to reinforce the company’s financial position. The offering, which takes priority over common stock during liquidation, is expected to be finalized in the first quarter of 2024, pending shareholder approval.

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