Key Takeaways
- Michael Saylor hinted at another Bitcoin purchase on Monday.
- MicroStrategy aims to acquire $42 billion in Bitcoin via its 21/21 plan.
- The company is raising $2 billion through a perpetual preferred stock offering.
Michael Saylor, co-founder of MicroStrategy, hinted at a new Bitcoin purchase on Monday, January 8, with a cryptic post on X featuring the SaylorTracker chart.
This follows the company’s recent acquisition of 2,138 BTC on December 30 at an average price of $97,837 per coin, according to SaylorTracker.
MicroStrategy currently holds 446,400 BTC, valued at approximately $43.7 billion, as part of its ambitious 21/21 plan.
The strategy aims to acquire $42 billion worth of Bitcoin by issuing $21 billion in equity and $21 billion in fixed-income securities.
Nasdaq 100 entry boosts Bitcoin exposure
MicroStrategy entered the Nasdaq 100 on December 23, 2024, providing indirect Bitcoin exposure to traditional stock investors through exchange-traded funds.
The company has since moved to expand its Bitcoin treasury further, calling a special shareholder meeting to approve an increase in Class A common stock from 330 million shares to 10.3 billion shares and preferred stock from 5 million to over 1 billion shares.
$2 Billion stock offering
On January 4, MicroStrategy announced plans to raise $2 billion through a perpetual preferred stock offering, senior to common stock in case of liquidation.
While separate from the 21/21 plan, the offering underscores the company’s aggressive Bitcoin acquisition strategy.
With Saylor’s recent hints, MicroStrategy continues to cement its position as the largest corporate Bitcoin holder, emphasizing its commitment to Bitcoin as a strategic reserve asset.
