On January 5, Michael Saylor of Microstrategy posted a BTC chart on the SaylorTracker website.
Usually, the card published before the company buys new Bitcoin the next day. Therefore, analysts expect MicroStrategy to make another Bitcoin purchase on Monday.
Saylor did the same before the recent acquisition of BTC
Michael Saylor, co-founder of Microstrategy, posted the company's Bitcoin Tracker chart on December 29. The next day, the company made another Bitcoin acquisition.
MicroStrategy bought a total of 2138 BTC on December 30, spending about $97,837 per coin.
On January 5, Saylor shared a similar chart tracking all Microstategy BTC purchases. Given its history, analysts now believe that the company is ready to make another BTC acquisition, especially on January 6th.
MicroStrategy's 21/21 plan also adds to analysts' expectations as the company will invest around $42 billion in its Bitcoin acquisitions, using $21 billion in equity and $21 billion in futures securities. fixed entry.
The company even asked its shareholders to raise the authorized shares of preferred stock from 5 million to over 1 billion. Similarly, they want to expand their Class A common stock authority from 330 million to 10.3 billion shares.
In addition, MicroStrategy has announced plans to pursue a $2 billion preferred stock offering. This acquisition initiative, which is different from the company's Bitcoin 21/21 funding strategy, is planned for Q1 2025, subject to internal approval.
Some believe that MicroStrategy will slow down its Bitcoin purchases in 2025
The co-founder of BitMEX, Arthur Hayes, expects the crypto market to fall, especially after President Donald Trump's inauguration.
Hayes' early investment fund, Maelstrom, said it would buy crypto in the future at lower prices, suggesting that the fund is waiting for crypto prices to fall.
However, with a market downturn in January 2025, analysts believe that MicroStrategy will stop receiving BTC, which could affect the company's shares and the distribution of convertible bonds.
However, Michael Saylor suggested that the company would receive Bitcoin at the highest prices in early December.
He said:
I am sure that I will buy Bitcoin at $1 million coin – maybe $1 billion dollars a day of Bitcoin at $1 million coin.
~Michael Saylor
This, however, means that Microstartegy could still make more BTC purchases, especially if its trading prices decline.
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Source: https://www.cryptopolitan.com/michael-saylor-hints-at-new-crypto-purchase/
