As a seasoned crypto investor with a knack for spotting trends and a penchant for calculated risks, I find Michael Saylor’s recent hint at future Bitcoin purchases intriguing. Having witnessed the meteoric rise of Bitcoin and MicroStrategy’s audacious debt-for-bitcoin strategy, I can’t help but admire the boldness and foresight.
In his latest post on the X platform, MicroStrategy’s co-founder Michael Saylor seems to suggest potential future Bitcoin investments.
Saylor shared an image of a MicroStrategy portfolio monitor, which records every transaction made by the company. These transactions appear as green markers on the graph.
MicroStrategy’s current portfolio value stands at a whopping $25.5 billion.
In a recent social media post, Saylor humorously commented, “I believe saylortracker.com could use some additional green dots.
According to U.Today, just last week, Saylor made an impressive $2 billion investment in Bitcoin. This move raised MicroStrategy’s average buy price to approximately $43,000 per coin.
MicroStrategy is boldly employing a strategy that involves swapping debt for Bitcoin, aiming to amass a significantly larger amount of Bitcoin than any other entity. To finance these acquisitions, the company provides investors with options such as convertible bonds or senior secured loans.
According to U.Today’s report, the firm has declared plans to gather an enormous sum of around $42 billion for their planned acquisitions.
To date, this strategy has proved incredibly effective for our company. Interestingly, MicroStrategy’s (MSTR) shares have reached an unprecedented high, marking a new record peak after over two decades.
Nevertheless, BitMEX Research has cautioned that MicroStrategy’s “endless money loophole” might not persist indefinitely. In the event of a major Bitcoin price plummet, the company may be compelled to offload its Bitcoin assets to cover bond redemptions in cash. Additionally, shareholders could demand the sale of these Bitcoin holdings to generate additional funds if the stock trades at a substantial discount, should it occur.
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2024-11-17 21:26