In Summary
Michael Saylor’s cryptic Bitcoin post has sparked speculation that Strategy (formerly MicroStrategy) may be preparing for another large Bitcoin purchase.
Community members speculate that Strategy could be looking to purchase $2 billion worth of BTC, based on its recent stock offerings.
The company’s aggressive Bitcoin-first strategy has not only boosted its stock performance but also influenced over 70 publicly traded companies.
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Strategy, formerly known as MicroStrategy, may be gearing up for another major Bitcoin purchase.
Speculation about this move intensified after the company’s co-founder, Michael Saylor, dropped a subtle hint on social media.
Market Buzzes About Saylor’s Bitcoin Tracker Post
On February 23rd, Saylor shared a Bitcoin tracker on X (formerly Twitter), a move that has previously been associated with large purchases. His cryptic message suggested that recent Bitcoin transactions were not reflected in this tracker.
“I don’t think this reflects what I finished doing last week,” Saylor wrote on X.
“Given his history of sharing similar charts before major Bitcoin purchases, the crypto community quickly speculated that the company was preparing for another acquisition.
“Michael Saylor posted his BTC buying tracker again, meaning Strategy will announce another big Bitcoin purchase tomorrow,” Nikolaus Hoffman said.
Meanwhile, some speculate that Strategy could allocate up to $2 billion to Bitcoin, aligning with the company’s recent move to raise capital through convertible bonds.
These bonds are interest-free but convertible into company stock, are expected to mature in March 2030, and will be senior unsecured obligations.
This capital raise is part of Strategy’s ’21/21 Plan,’ which aims to raise $42 billion for BTC investments. The company seeks to raise $21 billion through stock sales and another $21 billion through fixed-income securities.
Once a software-focused company, Strategy has evolved into the largest Bitcoin holding company. This pivot has significantly boosted investor interest, earning the company’s stock a place in the Nasdaq-100.”
The company’s last Bitcoin purchase was on February 10th, when it acquired 7,633 BTC for $742.4 million. Currently, Strategy holds 478,740 BTC, worth approximately $47 billion, with a total investment of $31.1 billion.
Meanwhile, the company recently highlighted that its MSTR convertible bonds have delivered a 71% return since issuance, outperforming even Bitcoin
Furthermore, Strategy’s Bitcoin-first approach has inspired other companies to follow suit. According to HODL15 Capital, over 70 publicly listed companies worldwide have now added Bitcoin to their reserves, influenced by Saylor’s strategy.
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