MicroStrategy's Saylor hints at Bitcoin buy for 11th consecutive week
Michael Saylor, co-founder of MicroStrategy, indicated an impending Bitcoin purchase for the 11th consecutive week on January 19. The company acquired 2,530 BTC, valued at approximately $243 million, on January 13, increasing its total holdings to 450,000 BTC. MicroStrategy's strategy involves raising $42 billion in equity and fixed-income securities to finance Bitcoin purchases, making it the largest corporate holder of BTC. Saylor suggested that nations could adopt a debt-to-BTC strategy to enhance their economic positions and proposed that the U.S. Treasury convert gold holdings to Bitcoin. He outlined a regulatory framework for crypto in December 2024, aiming for an $81 trillion Bitcoin strategic reserve and a $10 trillion digital asset market capitalization. Anthony Pompliano also advocated for the U.S. to establish a Bitcoin strategic reserve, emphasizing urgency for government entities to acquire Bitcoin rapidly to maintain competitive advantage.
