MicroStrategy co-founder Michael Saylor shared a well-known Bitcoin value chart from the SaylorTracker web site on Jan. 5, the identical one he typically posts on Sundays, simply earlier than the corporate declares a Bitcoin buy the next day.
“One thing about SaylorTracker.com is just not fairly proper,” Saylor cryptically wrote to his followers on X, hinting at one other potential Bitcoin acquisition on Monday.
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Final week, on Dec. 29, Saylor posted the same chart. The following day, MicroStrategy confirmed the acquisition of two,138 BTC at a median value of $97,837 per coin. This aligns with the corporate’s aggressive 21/21 technique, which goals to safe $42 billion in Bitcoin by issuing $21 billion in fairness and $21 billion in fixed-income securities.
MicroStrategy’s 21/21 Plan and Nasdaq Milestone
MicroStrategy’s dedication to Bitcoin isn’t simply reshaping its company treasury—it’s additionally influencing the broader market. On Dec. 23, 2024, the corporate joined the celebrated Nasdaq 100 index, which tracks the 100 largest corporations by market cap on the Nasdaq alternate. This inclusion offers oblique Bitcoin publicity to conventional traders holding Nasdaq 100-linked exchange-traded funds (ETFs).
Following its entry into the index, MicroStrategy convened a particular shareholders assembly to hunt approval for important expansions to its share authorization. The Dec. 23 submitting with the U.S. Securities and Trade Fee (SEC) revealed the corporate’s proposal to extend its Class A typical inventory from 330 million shares to a staggering 10.three billion shares. Moreover, it requested a rise in approved most well-liked inventory from 5 million shares to over 1 billion.
New Fundraising Initiatives
On Jan. 4, MicroStrategy introduced plans to lift $2 billion by a perpetual most well-liked inventory providing. This funding methodology, distinct from its core 21/21 plan, is anticipated to supply an additional layer of monetary safety. Perpetual most well-liked shares rank senior to frequent stockholders in case of chapter and obtain precedence in company liquidation distributions.
Whereas the perpetual inventory providing is separate from its Bitcoin-focused technique, it demonstrates MicroStrategy’s ongoing efforts to bolster its monetary place. The providing is projected to launch in Q1 2024, pending shareholder approval.
Bitcoin Adoption Push Continues
Saylor’s unwavering dedication to Bitcoin is pushing MicroStrategy into uncharted territory. By leveraging artistic financing methods and sustaining its laser give attention to the 21/21 plan, the corporate is solidifying its position as a pioneer in company Bitcoin adoption. Lastly, if this picture of Michael Saylor with Eric Trump at Mar-a-Lago doesn’t make you bullish for Bitcoin, a Bitcoin Strategic Reserve, and the Bitcoin value in 2025, we’re unsure what is going to…
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