Strategy, formerly known as MicroStrategy, may be gearing up for another significant Bitcoin purchase.
Speculation around this move intensified after the company’s co-founder, Michael Saylor, dropped a subtle hint on social media.
Market Buzz Over Saylor’s Bitcoin Tracker Post
On February 23, Saylor shared a Bitcoin tracker on X (formerly Twitter), a move that has historically preceded major acquisitions. His cryptic message suggested that recent Bitcoin transactions were not yet reflected in the tracker.
“I don’t think this reflects what I got done last week,” Saylor wrote on X.
Given his history of sharing similar charts before major Bitcoin acquisitions, the crypto community quickly speculated that the firm was preparing for another purchase.
“Michael Saylor posted his BTC purchase tracker again, meaning Strategy will announce another Big Bitcoin purchase tomorrow,” Nikolaus Hoffman said.
Meanwhile, some speculate that Strategy may allocate up to $2 billion for Bitcoin, aligning with its recent move to raise funds through convertible bonds.
These bonds, which carry no interest but can be converted into company stock, are expected to mature in March 2030 and will serve as unsecured senior obligations.
This capital raise is part of Strategy’s “21/21 Plan,” which aims to secure $42 billion for BTC investments. The company seeks to raise $21 billion through equity sales and another $21 billion via fixed-income securities.
Once a software-focused firm, Strategy has evolved into the largest corporate holder of Bitcoin. Its pivot has significantly boosted investor interest, earning its stock a spot in the Nasdaq-100.
The firm’s last Bitcoin acquisition occurred on February 10, when it purchased 7,633 BTC for $742.4 million. At present, Strategy holds 478,740 BTC, valued at approximately $47 billion, with an overall investment of $31.1 billion.
Meanwhile, the company recently highlighted that its MSTR convertible bonds have returned 71% since issuance, outperforming Bitcoin itself.
Also, Strategy’s aggressive BTC-first approach has inspired other companies to follow suit. According to HODL15 Capital, over 70 publicly traded firms worldwide have now added Bitcoin to their reserves, influenced by Saylor’s Strategy.
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