Saylor Signals More Bitcoin for MicroStrategy
After 11 consecutive weeks of acquiring Bitcoin, MicroStrategy (formerly Strategy) is poised for another purchase, potentially pushing its holdings above 600,000 BTC. Michael Saylor, the company's founder, recently hinted at an upcoming acquisition on X (formerly Twitter).
Another Bitcoin Buy for MicroStrategy?
Saylor shared MicroStrategy's portfolio tracker on X, showcasing its current 592,345 BTC holdings (valued at approximately $64.28 billion at current prices). He accompanied this with a message encouraging others to accumulate Bitcoin, a pattern that has consistently preceded previous purchase announcements.
This potential buy would extend MicroStrategy's Bitcoin buying streak to 12 weeks, matching its previous record. While the exact amount of the next purchase remains unknown, the company is only 7,655 BTC away from the 600,000 milestone.
"In 21 years, you’ll wish you’d bought more," Saylor's X post stated.
MicroStrategy currently holds an unrealized profit of approximately $21.3 billion from its Bitcoin accumulation strategy. The company continues to actively raise funds through convertible debt issuance and preferred stock sales, fueling Saylor's continued Bitcoin purchases.
Bitcoin's Future Price
Saylor's reference to "21" reinforces his long-held prediction that Bitcoin's price will reach $21 million in 21 years, growing at an average annual rate of 21%. This bullish outlook is influencing other companies to adopt similar Bitcoin accumulation strategies.
Last week alone, new Bitcoin treasury companies acquired nearly 6,000 BTC. This trend, along with shifting regulatory developments such as the Federal Housing Finance Agency's recognition of Bitcoin as an asset for mortgages (which Cathie Wood believes could significantly boost BTC prices), suggests a potentially bullish market outlook.
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