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Cryptocurrency News Articles

Michael Saylor Hints at Another Major Bitcoin Purchase After a Brief Pause in Acquisitions

Feb 24, 2025 at 02:00 pm

His recent chart post suggests the company is preparing to add more BTC to its already massive holdings.

Michael Saylor Hints at Another Major Bitcoin Purchase After a Brief Pause in Acquisitions

Michael Saylor, co-founder of Strategy (formerly MicroStrategy), might be preparing for another large Bitcoin purchase after a brief pause in acquisitions.

His recent chart post suggests the company is preparing to add more BTC to its already massive holdings.

On February 10, Strategy announced the acquisition of 7,633 Bitcoin for over $742 million, bringing its total stash to 478,740 BTC. Data from SaylorTracker indicates that the firm’s Bitcoin holdings are now valued at more than $46 billion, reflecting a 47.7% gain on its investment.

Saylor has previously stated that the company aims to expand its use of “intelligent leverage” in the first quarter of 2025 to finance additional Bitcoin purchases, reinforcing its position as the largest corporate holder of BTC.

READ MORE:

Bitcoin’s Path to a New All-Time High: Strategist Predicts $126,000 by April

Despite ongoing skepticism about the sustainability of its aggressive Bitcoin strategy, major financial institutions continue to increase their exposure to the firm. A recent SEC filing on February 6 revealed that BlackRock, the world’s largest asset manager with $11.6 trillion in assets, has raised its stake in Strategy to 5%. This move came just a day after the company officially rebranded and introduced a Bitcoin-focused marketing approach.

Moreover, institutional interest in Strategy extends beyond Wall Street, as government entities across 12 U.S. states, including California, Texas, Florida, and Illinois, hold shares of the company as part of pension or treasury funds. This broad institutional backing underscores growing confidence in Strategy’s Bitcoin-centric business model, despite the risks associated with such a bold investment approach.

Source

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Other articles published on Feb 24, 2025