According to data from MicroStrategy co-founder Michael Saylor, the company holds 444,262 Bit, worth about $41.4 billion.
Michael Saylor, co-founder of MicroStrategy, posted a Bitcoin chart from the SaylorTracker website on December 29. This tech entrepreneur and BTC supporter often posts charts on Sundays before making BTC purchase transactions on Mondays.
"The green lines on SaylorTracker.com are concerning," Saylor wrote on X to his 3.9 million Watchers. This post, which has become a regular Sunday ritual, has attracted many responses from investors eager for a new move by MicroStrategy on Monday.
The company completed its latest Bit purchase on December 22, buying 5,200 BTC at an average price of $106,000 per Token. This 5,200 BTC purchase marks MicroStrategy's smallest since July.
Saylor has previously stated that he will continue to buy BTC at any price, and traders now view MicroStrategy as leveraged exposure to BTC, tied to the overall health of this digital asset.
MicroStrategy has called a special shareholder meeting in December to raise Capital to buy more Bit under the company's 21/21 plan, by increasing the number of shares that can be issued.
MicroStrategy's 21/21 plan stipulates that the company will raise $42 billion over the next three years through $21 billion in equity issuance and $21 billion in fixed-income securities to fund additional Bit purchases.
Michael Saylor has recently proposed a framework for digital assets in the United States, including a plan to build a strategic Bit reserve to help reduce the U.S. national debt by providing the Treasury Department with an asset worth $16 trillion to $81 trillion.
According to the MicroStrategy co-founder's plan, the USD could maintain its status as the global reserve currency by expanding the market capitalization of the digital asset sector to $10 trillion.
Growth in the digital asset market will also drive demand for the USD and U.S. government securities that back high-collateral stablecoins like Tether's USDT.
This tech entrepreneur and Bit evangelist has also outlined a classification for digital assets, including digital commodities, digital securities, digital currencies, digital Tokens, Non-Fungible Tokens (NFTs), and digital asset-backed Tokens (ABTs) in the physical world.
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The article Michael Saylor posts Bitcoin chart, will he continue to buy more Bitcoin? first appeared on CoinMoi.
