The post Did MicroStrategy Buy Bitcoin Over the Weekend? Rumors Point to a Major BTC Accumulation! appeared first on Coinpedia Fintech News
Michael Saylor’s MicroStrategy is at it again, with rumors swirling about a potential Bitcoin buying spree over the weekend. Analysts speculate the company might acquire up to 100,000 BTC, aligning with the QQQ index rebalancing on Black Friday. Crypto enthusiasts are anticipating a major announcement on Monday, which could send ripples through the market.
Renowned analyst The ₿itcoin Therapist noted on X that this potential purchase follows a familiar pattern from MicroStrategy, where weekend hints often lead to massive acquisitions. He revealed if Michael Saylor announces an 88,800 BTC acquisition tomorrow, MicroStrategy’s Bitcoin treasury will hit 420,000 BTC, representing 2% of the total supply.
This marks a 25% increase in holdings, reinforcing the company’s aggressive Bitcoin strategy. Investors anticipate significant market impact and potential gains for $MSTR stock.
NEW: Michael Saylor said MicroStrategy needs to buy more #Bitcoin, after completing their $3 billion raise.
The last two times he said this, he bought billions the next day.
$100k incoming. pic.twitter.com/O8gvMoDtBu
— Nikolaus Hoffman (@NikolausHoff) November 24, 2024
Michael Saylor stated that MicroStrategy plans to buy more Bitcoin following its $3 billion fundraising. Historically, such remarks preceded multi-billion-dollar acquisitions. Crypto enthusiasts are now speculating on another major purchase, potentially pushing Bitcoin closer to the anticipated $100K milestone. All eyes are on MicroStrategy’s next move.
Moreover, the polymarket data reveals that their is 73% chance of MicroStrategy buying +400k BTC before 2025.
A $3 Billion War Chest
In the meanwhile, the company’s $3 billion raised on November 22 via convertible debt is expected to finance this ambitious spree. Already the largest corporate Bitcoin holder, MicroStrategy’s current treasury stands at 331,200 BTC, valued at over $32.7 billion. Previous acquisitions, guided by Michael Saylor’s hints, added nearly 80,000 BTC, demonstrating the company’s aggressive growth strategy.
Crypto analyst Miles Deutscher highlighted MicroStrategy’s impressive Bitcoin strategy, which has delivered a 41.8% yield this year, equating to 246 BTC daily without mining costs. Additionally, its stock (MSTR) has surged by over 515% year-to-date, reflecting the company’s growing dominance in the Bitcoin space.
21/21 Plan in Action!
This rumored acquisition ties into MicroStrategy’s ambitious “21/21” initiative to raise $42 billion over three years using equity and fixed-income tools. Noted financial commentator Doctor Profit emphasized the strategic timing of the $3 billion raise, aligning it with Bitcoin’s strong November rally and MicroStrategy’s aggressive expansion plans.
As Bitcoin flirts with the $100,000 milestone, MicroStrategy’s stock skyrocketed 97% last month, outpacing Bitcoin’s 47% rally. Year-to-date, MSTR is up a staggering 515%, while Bitcoin has climbed 122%.
While many analysts fear a liquidation risk on the horizon with MSTR’s rising bitcoin holding, many are impressed with Microstrategy’s 21/21 plan.
The entire market is excited with MSTR’s bitcoin strategy and waiting for what is next.
