MicroStrategy co-founder Michael Saylor recently posted a Bitcoin chart on December 29, sparking speculation of another impending purchase by the company. With a history of buying Bitcoin on Mondays, this Sunday tradition has caught the attention of the market. Currently, MicroStrategy holds 444,262 Bitcoins valued at approximately $41.4 billion.
In their most recent acquisition on December 22, 2024, MicroStrategy purchased 5,200 Bitcoins at an average price of $106,000 per coin. This transaction marks the company’s smallest acquisition since July 2024, yet still aligns with Saylor’s commitment to buying Bitcoin at any price. Many traders see MicroStrategy as a pivotal player in the Bitcoin market, tying the company’s performance closely to the health of digital assets.
MicroStrategy has also convened a special shareholders meeting to fund its continued Bitcoin purchases as part of the 21/21 plan. This ambitious plan seeks to raise $42 billion over the next three years through equity offerings and fixed-income securities to finance further Bitcoin acquisitions.
Moreover, Michael Saylor has proposed a comprehensive framework for digital assets in the United States. This includes a plan to grow the digital asset sector’s market capitalization to $10 trillion, thereby maintaining the US dollar’s status as a global reserve currency. Part of the proposal includes a Bitcoin strategic reserve intended to bolster the US economy with $16 trillion to $81 trillion in asset wealth, supporting stablecoin reserves and increasing demand for US government securities.
Saylor’s framework outlines a taxonomy of digital assets, categorizing them into digital commodities, securities, currencies, tokens, non-fungible tokens, and digital assets backing real-world commodities. His proposal aims to provide significant economic benefits while securing a leading position for the US in the burgeoning digital asset market.
