Michael Saylor, co-founder of MicroStrategy, has been tracking Bitcoin for 10 weeks in a row, suggesting a potential purchase soon. MicroStrategy currently holds 447,470 BTC, worth about $42.4 billion, after buying 1,070 BTC recently. However, the company’s stock, MSTR, has dropped around 40% from its peak last November, mirroring the broader struggles in the crypto Market. Critics worry that Saylor’s strategy of using debt to invest in Bitcoin could backfire, especially if Bitcoin’s price drops significantly. Despite these concerns, Saylor remains focused on expanding MicroStrategy’s Bitcoin holdings, proposing a plan to raise $42 billion through equity and debt to bolster the company’s crypto investments.
Michael Saylor, co-founder of MicroStrategy, has consistently shared insights about Bitcoin, posting a tracker for BTC/USD for the tenth week in a row on January 12. Known for his advocacy of cryptocurrency, Saylor typically shares this tracker on Sundays to indicate potential Bitcoin purchases. As of now, MicroStrategy holds a staggering 447,470 BTC, which is estimated to be worth around $42.4 billion, following their recent acquisition of 1,070 BTC on January 6.
Despite MicroStrategy’s significant holdings, shares of MSTR have seen a notable decline, dropping about 40% from the peak price of approximately $543 per share that they reached on November 21. This decline reflects a broader downturn in the cryptocurrency markets and has sparked a debate within the crypto community. Some investors view MicroStrategy as a leveraged bet on Bitcoin, while others express concerns about the sustainability of Saylor’s debt-based strategy.
David Krause, an emeritus professor of finance at Marquette University, has warned that if Bitcoin’s price were to fall suddenly, it could severely impact MicroStrategy’s stock prices. Such a drastic price drop could erode shareholder equity and, in extreme cases, lead to bankruptcy for the company.
In spite of these warnings, Saylor remains committed to MicroStrategy’s Bitcoin strategy. Recently, he has been presenting arguments for Bitcoin adoption to other corporations, including major tech companies like Microsoft. Recently, he introduced his ambitious “21/21 plan,” aimed at financing the purchase of more Bitcoin through $21 billion in equity offerings and another $21 billion in fixed-income securities.
In an additional announcement on January 3, MicroStrategy explored the option of a $2 billion preferred stock offering, pending Market conditions in the first quarter of 2025. The funds raised would contribute to acquiring more Bitcoin while bolstering the company’s balance sheet, further supporting their prominent plan to invest $42 billion in Bitcoin for their corporate treasury.
In summary, while Michael Saylor and MicroStrategy push ahead with their Bitcoin strategy, the inherent risks and Market volatility raise important questions about the viability of this approach in the long run.
Tags: MicroStrategy, Bitcoin, Michael Saylor, cryptocurrency, investment strategy
What is Michael Saylor’s Bitcoin tracker?
Michael Saylor’s Bitcoin tracker is a tool that shows how Bitcoin is performing in the Market. He shares updates about its price, trends, and other important information to keep followers informed.
Why does Michael Saylor share these updates?
Michael Saylor shares these updates because he is a strong supporter of Bitcoin. He wants to help people understand its value and encourage more people to invest in it.
How has Bitcoin performed in the last ten weeks?
In the last ten weeks, Bitcoin has seen various price changes. Michael Saylor’s tracker highlights these trends, showing both lows and highs to give a clear picture of its performance.
Where can I find the Bitcoin tracker?
You can find Michael Saylor’s Bitcoin tracker on TradingView News. It is updated regularly, so you can always get the latest information about Bitcoin’s Market status.
Can I follow Michael Saylor for more updates?
Yes, you can follow Michael Saylor on social media and other platforms. He often posts about Bitcoin and shares insights that can help you understand the Market better.
