MicroStrategy’s Saylor Hints at Another Bitcoin Purchase for 11th Consecutive Week

On January 19, MicroStrategy co-founder Michael Saylor once again shared a Bitcoin chart signaling a potential BTC purchase the following day, marking the 11th week in a row he has done so. In a social media post, Saylor hinted, “Things will be different tomorrow,” possibly referring to the inauguration of President-elect Donald Trump on January 20.

Earlier, on January 13, MicroStrategy made a significant Bitcoin acquisition of 2,530 BTC, worth around $243 million. This brought the company’s total Bitcoin holdings to a remarkable 450,000 BTC. The ongoing Bitcoin accumulation is part of MicroStrategy’s 21/21 strategy, which aims to raise $42 billion in equity and fixed-income securities to fund the purchase of more Bitcoin, maintaining its position as the largest corporate Bitcoin holder.

MicroStrategy, Bitcoin Adoption, Michael Saylor

Saylor has previously suggested that nations could follow a similar approach by leveraging debt to acquire Bitcoin. He has emphasized that the first country to issue debt or print money and convert the resulting fiat into Bitcoin would gain a competitive economic advantage over other countries.

Qries

Additionally, Saylor proposed that the U.S. Treasury should consider converting its gold reserves into Bitcoin. This move would not only reduce the monetary value of gold reserves held by adversarial nations but also boost the U.S. Bitcoin holdings.

In December 2024, Saylor unveiled a regulatory framework for cryptocurrency in the U.S., which included a vision of an $81 trillion Bitcoin strategic reserve. He argued that such a policy could strengthen the U.S. dollar, help manage national debt, and position the country as a dominant force in the digital economy.

Saylor’s vision extends to the broader digital asset market, aiming for a $10 trillion market capitalization and a $280 trillion digital asset capital market. Echoing Saylor’s sentiment, asset manager Anthony Pompliano, in November 2024, urged the U.S. government at all levels to act swiftly to acquire as much Bitcoin as possible, warning that failure to do so could result in other nations surpassing the U.S. in digital asset strategy.

For more news, find me on Twitter Giannis Andreou and subscribe to My channels Youtube and Rumble

What is your opinion on this particular topic?  Leave us your comment below!  We are always interested in your opinion!

Leave a Reply

Your email address will not be published. Required fields are marked *

Προτεινόμενα άρθρα:

Μοιράσου τη Δημοσίευση: