This is the eighth week in a row that MicroStrategy, under the leadership of co-founder Michael Saylor, has hinted to a growth in its Bitcoin treasury, escalating expectations for another possible Bitcoin purchase.
At the moment, MicroStrategy has 446,400 Bitcoin, which is worth around $43.7 billion. After Saylor gave a similar suggestion, the corporation bought 2,138 BTC on December 30 at an average price of $97,837 per coin.
Saylor has been posting hints about impending Bitcoin transactions on the SaylorTracker website for nine weeks in a row.
These postings often come before MicroStrategy’s Bitcoin purchases; the next one is expected to happen on January 8 after his post from January 5.
MicroStrategy is carrying out its ambitious 21/21 strategy, which calls for issuing $21 billion in equity and $21 billion in fixed-income instruments in order to purchase $42 billion in Bitcoin.
The company’s Dec. 23, 2024, listing on the Nasdaq 100 increases conventional investors’ exposure to Bitcoin via exchange-traded funds (ETFs).
There are between 330 million and 10.3 billion shares of class A common stock. Five million to one billion shares of preferred stock are available.
In keeping with its larger plan to fortify Bitcoin reserves, a $2 billion preferred stock offering was announced on January 4. Preferred stockholders would be given preference in liquidation situations.
The regular purchases made by MicroStrategy demonstrate the institutional trust in Bitcoin as a treasury asset. With BTC/USD trading close to $99,688, Saylor’s persistent clues demonstrate a strong trust in the long-term worth of Bitcoin.
The cryptocurrency market finished 2024 on a high note, according to January Binance Research, with Bitcoin soaring 123% year-to-date, hitting an all-time high of $108K, and ranking as the seventh biggest asset globally. DeFi protocols also took off, reaching record TVLs of $55 billion in loan and $71 billion in liquid staking. The next wave of innovation and acceptance in the cryptocurrency field is expected to be shaped by the emergence of AI agents and a more benevolent regulatory environment under the incoming U.S. government as 2025 approaches.
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