Strategy Inc., formerly known as MicroStrategy, is hinting at a new Bitcoin acquisition that could surpass its recent $1.25 billion purchase. On January 18, Michael Saylor, the company's executive chairman, posted a graphic on social media with the caption "Bigger Orange," suggesting an intent to exceed the 13,627 Bitcoin recently acquired. This move could elevate Strategy's total Bitcoin holdings beyond 700,000 BTC, further solidifying its position as the largest corporate holder of the cryptocurrency.
The potential acquisition comes as Strategy faces challenges, including a significant drop in its stock price and a collapse in its market-to-net-asset-value premium. Despite these hurdles, the company has raised $25 billion through stock sales and new preferred shares to fund its Bitcoin strategy. While some analysts express caution due to the dilution of Bitcoin yield per share, others believe Strategy's approach offers a unique advantage that traditional financial institutions cannot easily replicate.
Strategy Inc. Signals Potential Bitcoin Purchase Exceeding $1.25 Billion
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