MicroStrategy (MSTR) Preps for Another Bitcoin (BTC) Purchase, Hints CEO Michael Saylor

MicroStrategy, led by co-founder Michael Saylor, is fueling anticipation for another potential Bitcoin acquisition, marking the ninth consecutive week of hints suggesting an increase in its Bitcoin treasury.

Tech firm MicroStrategy (NASDAQ:MSTR) is keeping the crypto community on its toes with another potential Bitcoin acquisition in the pipeline, marking the ninth week of hints suggesting an addition to its Bitcoin treasury. Here's a closer look at the key updates.

Currently, MicroStrategy boasts 446,400 BTC in its holdings, which is valued at approximately $43.7 billion. The last addition to the company's Bitcoin treasury was on Dec. 30, when it purchased 2,138 BTC at an average price of $97,837 per coin, following a similar hint by Saylor.

notably, MicroStrategy co-founder and executive chairman Michael Saylor has been dropping hints at upcoming Bitcoin purchases for nine consecutive weeks now. These posts are usually spotted on the SaylorTracker website.

The posts often precede MicroStrategy’s BTC acquisitions, and the next purchase is anticipated on Jan. 8, following his post on Jan. 5.

Moreover, MicroStrategy is executing its ambitious 21/21 plan, which aims to have the company fully integrate Bitcoin into its balance sheet by acquiring $42 billion in Bitcoin through a combination of $21 billion in equity and $21 billion in fixed-income securities. The company's inclusion in the Nasdaq 100 on Dec. 23, 2024, will enhance traditional investor exposure to Bitcoin through ETFs.

In addition, proposals to increase authorized shares include the following:

Class A common stock: From 330 million to 10.3 billion shares.

Preferred stock: From 5 million to 1 billion shares.

Furthermore, the company announced a $2 billion preferred stock offering on Jan. 4, which will prioritize preferred shareholders in liquidation events, aligning with its broader strategy to strengthen Bitcoin reserves.

Overall, MicroStrategy's consistent purchases highlight institutional confidence in Bitcoin as a treasury asset. Saylor’s ongoing hints reflect a robust belief in Bitcoin's long-term value, with BTC/USD trading near $99,688 at the time of this report.