MicroStrategy Co-Founder Michael Saylor Hints At Another BTC Buy With Cryptic Tweet

MicroStrategy co-founder and Bitcoin advocate Michael Saylor once again posted a chart from SaylorTracker, leading to speculation that the firm is about to make another substantial BTC purchase.

“Disconcerting blue lines on SaylorTracker.com,” he wrote in a Dec. 29 X post to his 3.9 million followers. 

Michael Saylor's Bitcoin Holdings May Now Be Worth Over $1 Billion - Decrypt

Michael Saylor Has A History Of Posting On X Before A MicroStrategy Bitcoin Buy

Saylor has a history of posting the SaylorTracker chart on Sundays before MicroStrategy buys BTC the following Monday. The last X post was made on Dec. 22, and 24 hours later the MicroStrategy executive shared on X that the company acquired 5,262 BTC worth around $561 million at an average price of $106,662 per BTC. 

Overall, MicroStrategy holds 44,262 Bitcoins, with a dollar value exceeding $41.64 billion. The latest purchase and yesterday’s X post come after Saylor said that he will continue to buy BTC regardless of its price. 

Many traders and investors also now see MicroStrategy’s stock performance as a proxy for the health of the leading crypto and the overall digital asset ecosystem. MicroStrategy stock (MSTR) is up more than 381% year-to-date, according to Google Finance data. Meanwhile, BTC’s price has risen over 122% during the same period.

MicroStrategy’s 21/21 Plan

Earlier this month, MicroStrategy called for a special shareholders meeting to fund the purchase of additional BTC as part of the firm’s ambitious 21/21 plan. Through this initiative, the firm plans to raise $42 billion through the course of the next 3 years. 

Half of the capital will be raised through equity offerings, while the remaining $21 billion will be raised via fixed-income corporate securities.

Saylor has also proposed a new framework for digital assets in the US that includes the formation of a strategic Bitcoin reserve to combat rising debt levels. Saylor forecast that the proposed reserve could provide the Treasury with between $16 trillion and $81 trillion.

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