MicroStrategy Teases Another Bitcoin Buy

Generated by AI AgentCoin World
Sunday, Feb 23, 2025 12:45 pm ET1min read

Michael Saylor, the co-founder and CEO of MicroStrategy, has hinted at the company's potential acquisition of more Bitcoin. In a recent social media post, Saylor shared a Bitcoin tracker, suggesting that the recent transactions were not yet reflected in the tracker. This cryptic message has sparked speculation among the crypto community that MicroStrategy is preparing for another major Bitcoin purchase.

MicroStrategy has a history of sharing similar charts before making significant Bitcoin acquisitions. The company's last purchase occurred on February 10, when it bought 7,633 BTC for $742.4 million. As of now, MicroStrategy holds 478,740 BTC, valued at approximately $47 billion, with an overall investment of $31.1 billion.

In addition to its Bitcoin holdings, MicroStrategy has also issued convertible bonds to raise funds for further investments. The company's MSTR convertible bonds have returned 71% since issuance, outperforming Bitcoin itself. This aggressive BTC-first approach has inspired other companies to follow suit, with over 70 publicly traded firms worldwide now adding Bitcoin to their reserves, influenced by Saylor's MicroStrategy.

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