In a December 29 post, MicroStrategy co-founder, Michael Saylor, shared a bitcoin
btc
$92,808.55
Saylor’s Weekend Posts have become a habitoften hinting at upcoming Bitcoin purchases by his company.
On December 22, MicroStrategy announced his latest Bitcoin purchaseacquiring 5,200 BTC at an average price of $106,000 per coin.
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This was the company’s smallest purchase since July.but Saylor has consistently stated his commitment to buying Bitcoin at any price.
As a result, Many investors see MicroStrategy as a way to gain exposure to Bitcoin. due to the company’s large holdings and strategy.
On December 21, Saylor shared ideas on Bitcoin’s potential role in the US economy. He proposed a framework where Bitcoin could serve as a strategic reserve to offset national debt.
This plan suggests that the Treasury could gain between $16 and $81 trillion in asset wealth. For this vision to be successful, Saylor estimates that the digital asset market would need to grow to $10 trillion.
The company also held an extraordinary meeting of shareholders to support its plan 21/21. The initiative aims raise 42 billion dollars in three years—$21 billion through stock offerings and another $21 billion in fixed income securities.
On December 15, Microstrategy made its first Bitcoin purchase at an average price of over $100,000. What did Saylor say about this purchase? Read the full story.
Having completed a master’s degree in Economics, Politics and Cultures of the East Asian region, Aaron has written scientific articles analyzing the differences between Western and collective forms of capitalism in the post-World War II era.
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