Crypto Currency Tracker logo Crypto Currency Tracker logo
Cryptopolitan 2024-12-30 04:02:37

Michael Saylor teases potential Bitcoin purchase ahead of new year

MicroStrategy co-founder Michael Saylor has hinted at a Bitcoin purchase before the year ends by posting a Bitcoin (BTC) chart from the SaylorTracker website. In his regular style, the Bitcoin ambassador always posts the same chart on Sunday before making a Bitcoin purchase on Monday. The tech entrepreneur has made a pattern on his X account where he makes a post to nearly his 4 million followers on Sundays. The post normally elicits reactions from market participants anticipating a move from MicroStrategy the following day. Disconcerting blue lines on https://t.co/Bx3917zMqi . pic.twitter.com/xPl4GTKU3E — Michael Saylor⚡️ (@saylor) December 29, 2024 The company’s recent Bitcoin purchase occurred on December 22. MicroStrategy bought 5,200 Bitcoins at an average cost of $106,000 per coin. Though significant, this latest acquisition is MicroStrategy’s smallest since July 2024. Saylor has always said they will continue purchasing Bitcoin regardless of the price. Currently, it appears like a leveraged BTC bet that is also closely tied to the overall health of the digital asset. MicroStrategy increases efforts on Bitcoin acquisition MicroStrategy is not planning to slow down on its Bitcoin acquisition plan. The company called a strategic meeting with Shareholders in December to acquire extra resources for Bitcoin purchases as part of its 21/21 plan by increasing the number of shares to shareholders. The 21/21 strategic plan directs the firm to raise $42 billion in the next three years, $21 billion in equity offerings, and $21 billion in fixed-income corporate securities to help purchase more Bitcoin. MicroStrategy Bitcoin reserves hold a total of 444,262 BTC , with a market value of about $41.64 Billion. The company has the largest ownership of Bitcoin by a single entity. Saylor proposed a digital asset framework for the United States Recently, the crypto ambassador proposed a digital asset framework for the world’s most powerful economy. The framework included the Bitcoin strategic reserve, which has the potential to offset the US national debt due to its ability to offer up to $81 trillion in asset wealth. According to the MicroStrategy co-founder’s plan, the US dollar can maintain its position as the global reserve currency by growing the market capitalization of the digital asset sector to $10 trillion. He believes that growth in the digital market will propel the demand for the US dollar and the securities that back overcollateralized stablecoins like Tether’s USDt. Michael Saylor has also suggested a tax on digital assets, including what to tax. Among the taxable items include digital tokens, digital commodities, digital securities, and digital ABTs securing real-world commodities. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta