Michael Saylor’s MicroStrategy is once again making headlines, and this time it’s about a potential Bitcoin buying frenzy that could shake up the market. Rumors are circulating that the company could be about to acquire up to 100,000 BTC, with analysts linking the move to the rebalancing of the QQQ index on Black Friday.
What’s even more intriguing is that a major announcement could happen as soon as Monday.
Could this be the start of another massive Bitcoin surge? Crypto enthusiasts can’t wait: here’s what you need to know.
A Familiar Bitcoin Buying Pattern
Renowned analyst The ₿itcoin Therapist note on X that this potential purchase follows a familiar pattern from MicroStrategy, where weekend cues often lead to massive acquisitions. He revealed that if Michael Saylor announced an acquisition of 88,800 BTC tomorrow, MicroStrategy’s Bitcoin treasury would reach 420,000 BTC, or 2% of the total supply.
This is a 25% increase in assets, strengthening the the company’s aggressive Bitcoin strategy. Investors are expecting significant market impact and potential gains for $MSTR stock.
NEW: Michael Saylor said MicroStrategy needs to buy more #Bitcoinafter finalizing their $3 billion fundraising.
The last two times he said this, he bought billions the next day.
$100,000 incoming. pic.twitter.com/O8gvMoDtBu
– Nikolaus Hoffman (@NikolausHoff) November 24, 2024
More to come?
Michael Saylor has made it clear that MicroStrategy plans to buy more Bitcoin following its $3 billion fundraising. Historically, such declarations have often preceded major acquisitions.
Crypto enthusiasts are now wondering if another major purchase is coming, which could bring Bitcoin closer to the The $100,000 mark. According to Polymarket, there is a 73% chance that MicroStrategy will acquire more than 400,000 BTC before 2025, which has the market buzzing.
3 billion dollars raised for the acquisition of Bitcoin
Meanwhile, the the 3 billion dollars raised by the company on November 22 via convertible debt should finance this ambitious frenzy. Already the largest corporate holding of Bitcoin, MicroStrategy’s current treasury stands at 331,200 BTC, valued at over $32.7 billion. Previous acquisitions, guided by Michael Saylor adviceadded nearly 80,000 BTC, demonstrating the company’s aggressive growth strategy.
MicroStrategy’s approach is paying off
Crypto analyst Miles Deutscher highlighted that MicroStrategy’s Bitcoin strategy has already generated impressive returns. The company has returned 41.8% this year, which equates to 246 BTC per day, excluding mining costs.
Additionally, MicroStrategy (MSTR) stock has surged more than 515% year to date, reflecting the company’s growing influence in the Bitcoin market.
This Bitcoin acquisition rumor is part of MicroStrategy’s broader “21/21” initiative, which aims to raise $42 billion over three years using equity tools and fixed income securities. Financial commentator Doctor Profit pointed out that the $3 billion raise is timely, aligning with Bitcoin’s strong rally in November and MicroStrategy’s aggressive expansion plans.
MicroStrategy Stock Rises Alongside Bitcoin
As Bitcoin nears the $100,000 mark, MicroStrategy stock has surged 97% over the past month, outpacing Bitcoin’s 47% rally. Year to date, MSTR is up 515%, while Bitcoin is up 122%.
The market is watching: what’s next for MicroStrategy?
While some analysts are concerned about the risks of growing MicroStrategy’s Bitcoin holdings, many are impressed by the company’s long-term vision and ambitious “21/21” plan. The entire crypto market is watching closely, eager to see what happens next in Saylor’s Bitcoin strategy.
FAQs
The entity known as Satoshi Nakamoto is believed to own the most Bitcoin, with around 1 million BTC.
Michael Saylor owns approximately 10% of MicroStrategy’s stock, maintaining significant control and influence over the company.