Outside Source
According to data from the SaylorTracker website, MicroStrategy currently holds 446,400 Bitcoin, valued at approximately $43.7 billion.
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MicroStrategy co-founder Michael Saylor posted the Bitcoin (BTC) chart from the SaylorTracker website on Jan. 5 — the same chart Saylor typically posts on Sunday before purchasing Bitcoin on the following day.
“Something about SaylorTracker.com is not quite right,” the tech founder wrote to followers on X, hinting at an impending Bitcoin acquisition on Monday.
Saylor posted the same chart one week ago, on Sunday, Dec. 29, and MicroStrategy purchased 2,138 BTC, at an average purchase price of $ 97,837 per coin, on Dec. 30.
The company is eyeing more purchases as part of its 21/21 plan to finance the acquisition of $42 billion in Bitcoin by issuing $21 billion in equity and $21 billion in fixed-income securities.
MicroStrategy’s Bitcoin purchases. Source: SaylorTracker
Related: Saylor floats US crypto framework with $81T Bitcoin reserve plan
MicroStrategy boosts 21/21 Bitcoin treasury plan
MicroStrategy entered the Nasdaq 100 — a weighted stock market index of the 100 largest companies on the Nasdaq exchange by market capitalization — on Dec. 23, 2024.
MicroStrategy’s addition to the index gives traditional stock investors holding the instrument through exchange-traded funds indirect exposure to Bitcoin.
Following the inclusion of the company in the Nasdaq 100, MicroStrategy called a special shareholders meeting to increase the amount of shares to finance the purchase of Bitcoin for its corporate treasury strategy.
According to a Dec. 23 filing with the Securities and Exchange Commission (SEC), MicroStrategy asked shareholders to approve an increase in class A common stock from 330 million shares to 10.3 billion shares.
The company also asked shareholders to increase authorized shares of preferred stock from 5 million shares, to over 1 billion shares.
On Jan. 4, MicroStrategy announced it was seeking a $2 billion raise, through a perpetual preferred stock offering.
The perpetual preferred offering will be senior to class A common stock in the case of bankruptcy and will take priority over equity holders during financial distributions in a corporate liquidation.
The proposed raise is separate from the company’s core 21/21 plan to finance the purchase of Bitcoin and is expected sometime in Q1 2024, pending approval from the company.
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This article first appeared at Cointelegraph.com News
