📍MicroStrategy opens up the ability to purchase more Bitcoin larger than the recent $1.25 billion deal
📌 Chairman Michael Saylor of MicroStrategy posted an image with the caption “₿igger Orange” on social media X, interpreted by many market analysts as a signal of an upcoming purchase of Bitcoin on a larger scale than the ~13,627 BTC worth $1.25 billion that was completed last week. If it occurs, the total Bitcoin holdings could exceed 700,000 BTC.
📌 This purchase occurs against the backdrop of Strategy (ticker MSTR) shares dropping over 50% in the past year and the market value to net asset value (mNAV) discount narrowing significantly, making the fundraising model to buy Bitcoin more challenging.
📌 Strategy has raised capital through common and preferred stock issuance to continue buying Bitcoin, but the shift of institutional capital into spot Bitcoin ETF funds is gradually diminishing the leverage they once had.
📌 If the upcoming purchase is larger than before, Strategy's Bitcoin stash will rank among the top globally, only behind ETF funds like BlackRock's IBIT and the estimated amount owned by Satoshi Nakamoto.
📌 This development continues to show the company following a strategy of accumulating Bitcoin despite the unpredictable capital market and MSTR shares facing significant pressure, creating many hot spots for investors. $BTC
