“Things will be different” on Inauguration Day
MicroStrategy’s Michael Saylor hinted at another Bitcoin takeover in a cryptic tweet that also appears to reference the inauguration of President-elect Donald Trump.
“Things will be different tomorrow,” Saylor chirp Sunday. The statement comes on the heels of MicroStrategy Escalation Bitcoin (Bitcoin) holdings to 450,000.
Fred Thiel, CEO of bitcoin mining company MARA Holdings, and Vice President of Investor Relations Robert Samuels share similar sentiments.
The couple posed for a photo with Saylor at the so-called “Crypto Ball” on January 17, an event meant to commemorate the return of Trump, who has now become a cryptocurrency. It turnsto the White House.
“Our team partnered with [Saylor] Meet with the entire incoming Cabinet of the Trump administration. “We are excited about the future of mining in the United States,” Samuels said.
Will MicroStrategy add to its coffers?
The tweet is accompanied by a screenshot from Sailortrackera platform that monitors MicroStrategy’s bitcoin purchases, holds particular weight given Saylor’s recent pattern.
His last hint on January 12 was followed by the purchase of 2,530 bitcoins the next day at an average price of $95,972 for $243 million.
He is expected to make Trump a friend of cryptocurrencies Executive ordersMicroStrategy’s Bitcoin buying strategy will likely bode well for the software strategy company.
To date, the Tysons Corner, Virginia-based company has signed several purchases since December 2024:
- January 13: 2,530 BTC at $95,972 ($243 million)
- January 6: 1,070 BTC at $94,004 ($101 million)
- December 30: 2,138 BTC at $97,837 ($209 million)
- December 23: 5,262 BTC at $106,662 ($561 million)
- December 16: 15,350 BTC at $100,386 ($1.5 billion)
- December 9: 21,550 BTC at $98,783 ($2.1 billion)
- December 2: 15,400 BTC at $95,976 ($1.5 billion)
The company’s Bitcoin portfolio generated an unrealized return on investment of 67.7%, representing paper profits of $19.09 billion.
At last check on Sunday, Bitcoin is currently trading at over $106,000. see below.
If Saylor’s tip turns into another purchase, it would cement MicroStrategy’s position as the largest bitcoin holder.
The company’s aggressive acquisition strategy has proven particularly profitable in recent months, with most purchases since December showing positive returns ranging from 7.35% to 11.18%.
This potential new purchase would follow MicroStrategy’s stated goal of continuing to acquire Bitcoin as part of the company’s treasury strategy.
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2025-01-20 00:13:00