Michael Saylor signals a new $44 billion Bitcoin offensive with his "Hunting Bears" Matrix-style post.
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U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. The planet’s chief Bitcoin optimist, Michael Saylor, is once again in the spotlight. This morning, he published a Behind this bold imagery, however, stand the very real and very large numbers that his company, Strategy, is moving into the most extensive phase of cryptocurrency accumulation in the past 5.5 years since adopting the Bitcoin Standard.In fact, the main news of this week related to Strategy and Saylor is not the"Matrix"-style post but the official confirmation of a new plan to raise record capital for purchases. As became known recently, the company will deploy a $44.1 billion program split into two parts, of which $21 billion will come from an equity offering and another $21 billion from debt instruments to be issued during 2025-2027.Why Bitcoin's Bollinger Bands Point to $84,000 BTC as Next Price Target, Binance Rolls Out New AI Product for Trading Crypto, XRP Popularity Finally Brings Ripple USD Stablecoin to Korea: Morning Crypto Report, holding 762,099 BTC on its balance sheet. Still, Saylor does not hide that the ultimate goal of this stage is to bring reserves to one million Bitcoin, making the company the largest public holder of the asset in history.What's happening behind the scenes is also notable. According to the latest SEC filing for last week, the company purchased another 1,031 BTC at an average price of about $74,326. It is worth recalling that Bitcoin is currently attempting to stabilize around the $71,000 level.A key company metric showing Bitcoin efficiency per share has increased by 5.1% since the start of the year, which somewhat reassures investors concerned about equity dilution from new issuances and the fact that Strategy is currently experiencing a 6% drawdown on its
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