On July 20, Michael Saylor, Executive Chairman of MicroStrategy, released a 'smoke bomb' on social media, hinting that the company might buy Bitcoin again. Those familiar with him know that such statements are not made casually; several times in the past, when he hinted like this, the company soon took action to buy Bitcoin. So now the entire market is wide-eyed, waiting to see what happens next.
Speaking of the relationship between MicroStrategy and Bitcoin, they are 'close friends.' Since 2020, the company has been wholeheartedly buying Bitcoin, and now it has accumulated 601,550 coins. At current prices, these Bitcoins are worth over $71.4 billion, making it the largest holder of Bitcoin among all enterprises. Saylor often emphasizes in various occasions that Bitcoin is an absolute 'core player' in the company's financial plan; he believes Bitcoin can effectively counter inflation, prevent the company’s assets from depreciating, and continuously appreciate, making it a rare good choice.
In fact, just before this hint of increasing holdings, on July 14, MicroStrategy spent $472.5 million to buy 4,225 Bitcoins. The funds for buying Bitcoin are also noteworthy; they are mainly raised through issuing preferred shares, which allows the company to avoid diluting the rights of common stock shareholders while continuously accumulating Bitcoin—truly a clever strategy.
Looking back at past records, every time MicroStrategy buys Bitcoin, it often acts like knocking over dominoes, driving up Bitcoin prices and making more people believe that Bitcoin is a worthy long-term investment. However, many investors are also skeptical, feeling that the company is putting too many eggs in one basket with Bitcoin, and if Bitcoin's price fluctuates wildly one day, MicroStrategy's financial situation could suffer.
Currently, the price of Bitcoin is $117,881.12, with a market capitalization reaching $2.35 trillion, solidifying its 'big boss' status in the cryptocurrency market, holding a 60.19% share. Under Saylor's influence, the entire cryptocurrency market is watching what MicroStrategy will do next. Whether it will make another large-scale Bitcoin purchase has become a key factor determining the market direction. #MichaelSaylor暗示增持BTC
