Michael Saylor Teases Bitcoin Move with Cryptic Bitcoin Chart Post on X
Michael Saylor, MicroStrategy’s (MSTR) co-founder and Bitcoin’s loudest champion, seems to be dropping clues about yet another Bitcoin purchase. On Dec. 29, Saylor shared a post with his 3.9 million X followers, featuring a Bitcoin chart from the SaylorTracker website. The timing wasn’t lost on anyone—his Sunday posts often prelude a Monday buy. “Disconcerting blue lines on SaylorTracker.com,” he cryptically added, sparking chatter among traders who see MicroStrategy as a Bitcoin play.
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The firm, already holding a staggering 444,262 Bitcoin worth around $41.4 billion, made its most recent buy on Dec. 22, snagging 5,200 BTC at an average price of $106,000 per coin. While this was its smallest haul since July, Saylor has repeatedly stated he’ll buy Bitcoin at any price, solidifying MicroStrategy’s identity as a Bitcoin bellwether.
MicroStrategy’s Aggressive Bitcoin Funding Plan
Backing its relentless Bitcoin appetite, MicroStrategy is going all in with a bold funding strategy. In December, the company outlined its 21/21 plan—a mix of $21 billion in equity offerings and $21 billion in corporate securities to bankroll Bitcoin buys over three years. This audacious approach signals unwavering faith in Bitcoin’s long-term potential.
Saylor Encourages U.S. Bitcoin Reserve
Taking his Bitcoin advocacy further, Saylor proposed an ambitious plan for U.S. digital assets. He suggests creating a Bitcoin reserve to offset the national debt, potentially adding up to $81 trillion in asset value. This reserve, he argues, would also strengthen the U.S. dollar’s position as the world’s leading currency. By growing the digital asset market to $10 trillion, the plan aims to boost demand for stablecoins backed by U.S. government bonds, further tying the dollar to the digital economy.
Is MicroStrategy a Good Stock to Buy?
Analysts remain optimistic about MSTR stock, with a Strong Buy consensus rating based on a unanimous eight Buys. Over the past year, MSTR has increased by more than 380%, and the average MSTR price target of $529.57 implies an upside potential of 60.5% from current levels.
