“[We need]more green dots,” Saylor posted on X, referring to markers tracking the company’s Bitcoin purchases.
I think https://t.co/meaZhpFNq9 needs even more green dots. pic.twitter.com/Rs5hgrnbAm
— Michael Saylor⚡️ (@saylor) November 17, 2024
A similar statement last Sunday preceded Monday’s US$2 billion Bitcoin acquisition announcement.
MicroStrategy currently holds 279,420 BTC — valued at approximately US$25 billion at Bitcoin’s US$90,000 price level — surpassing the cash reserves of IBM, Nike, and Johnson & Johnson, according to Bloomberg.
The company’s unrealized Bitcoin profits now exceed US$13 billion.
The potential purchase aligns with MicroStrategy’s newly revealed “21/21 plan” — a strategy to raise US$42 billion over three years through US$21 billion in new shares and US$21 billion in convertible debt.
Saylor previously outlined plans to position MicroStrategy as a leading Bitcoin bank, projecting company valuations between US$300 billion and US$1 trillion depending on Bitcoin’s performance.
In another recent tweet, Saylor asked his followers whether they thought Bitcoin would reach US$100,000 before the year’s end, to which an overwhelming majority predicted yes.
Will #Bitcoin Break $100K by New Year’s Eve?
— Michael Saylor⚡️ (@saylor) November 17, 2024
MicroStrategy’s stock has gained over 430% this year, tracking Bitcoin’s rise since beginning its cryptocurrency investments in August 2020.