MicroStrategy CEO Michael Saylor Hints at Another Potential Bitcoin Acquisition

“Something about SaylorTracker.com is not quite right,” Saylor cryptically wrote to his followers on X, hinting at another potential Bitcoin

Michael Saylor, the former CEO of MicroStrategy, dropped another cryptic hint on Monday, suggesting that something about SaylorTracker.com is “not quite right.” This cryptic message, accompanied by a dollar sign emoji, has sparked speculation among his followers.

Could this be hinting at another massive Bitcoin acquisition by MicroStrategy? Only time will tell. But one thing's for sure: Saylor never fails to keep his followers on their toes with his cryptic updates. Stay tuned for the latest in Bitcoin and markets.

Last week, on Dec. 29, Saylor posted a similar chart. The next day, MicroStrategy confirmed the purchase of 2,138 BTC at an average price of $97,837 per coin. This aligns with the company’s aggressive 21/21 strategy, which aims to secure $42 billion in Bitcoin by issuing $21 billion in equity and $21 billion in fixed-income securities.

MicroStrategy's 21/21 Plan and Nasdaq Milestone

MicroStrategy's commitment to Bitcoin isn't just reshaping its corporate treasury—it's also influencing the broader market. On Dec. 23, 2024, the company joined the prestigious Nasdaq 100 index, which tracks the 100 largest firms by market cap on the Nasdaq exchange. This inclusion provides indirect Bitcoin exposure to traditional investors holding Nasdaq 100-linked exchange-traded funds (ETFs).

Following its entry into the index, MicroStrategy convened a special shareholders meeting to seek approval for significant expansions to its share authorization. The Dec. 23 filing with the U.S. Securities and Exchange Commission (SEC) revealed the company's proposal to increase its Class A common stock from 330 million shares to a staggering 10.3 billion shares. Additionally, it requested an increase in authorized preferred stock from 5 million shares to over 1 billion.

New Fundraising Initiatives

On Jan. 4, MicroStrategy announced plans to raise $2 billion through a perpetual preferred stock offering. This funding method, distinct from its core 21/21 plan, is expected to provide an extra layer of financial security. Perpetual preferred shares rank senior to common stockholders in case of bankruptcy and receive priority in corporate liquidation distributions.

While the perpetual stock offering is separate from its Bitcoin-focused strategy, it demonstrates MicroStrategy's ongoing efforts to bolster its financial position. The offering is projected to launch in Q1 2024, pending shareholder approval.

Bitcoin Adoption Push Continues

Saylor's unwavering commitment to Bitcoin is pushing MicroStrategy into uncharted territory. By leveraging creative financing strategies and maintaining its laser focus on the 21/21 plan, the company is solidifying its role as a pioneer in corporate Bitcoin adoption.

Finally, if this image of Michael Saylor with Eric Trump at Mar-a-Lago doesn't make you bullish for Bitcoin, a Bitcoin Strategic Reserve, and the Bitcoin price in 2025, we're not sure what will…