bullish

2024

Bitcoin

April

On Sunday, MicroStrategy executive chairman Michael Saylor posted on X, “We’re going to need a bigger truck,” with the Bitcoin hashtag. Could he be hinting at bold crypto moves ahead for his company? 
<blockquote class="twitter-tweet"> 
 We’re going to need a bigger truck. <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">#Bitcoin</a> <a href="https://t.co/4cReSyYdrl" data-wpel-link="external" target="_blank">pic.twitter.com/4cReSyYdrl</a> 
 — Michael Saylor<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@saylor) <a href="https://twitter.com/saylor/status/1825144162787754271?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">August 18, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
“Gonna need a whole fleet,” answered a Solana meme coin project in response to Saylor’s weekend Bitcoin post, meanwhile adding a puppy with lazer eyes to their reply. 
Under the leadership of founder Michael Saylor, an MIT graduate, the Virginia-based tech business intelligence and cloud services company has been acquiring Bitcoin like there’s no tomorrow. 
Saylor’s peers in the Bitcoin community online vehemently agree with his company’s strategy. 
<h2 id="microstrategy-s-bitcoin-buying-spree">MicroStrategy’s Bitcoin Buying Spree</h2> 
Earlier this month, MicroStrategy announced it would be raising $2 billion to buy more Bitcoin by selling corporate shares. The company <a href="https://cryptopotato.com/microstrategy-to-raise-2-billion-via-class-a-shares-for-additional-bitcoin-purchases/" data-wpel-link="internal">announced its</a> Class A share sales in a regulatory filing with the U.S. Securities and Exchange Commission on Aug. 1. 
In Q2 2024, from the beginning of April through June, MicroStrategy bought 12,222 BTC for $805 million, bringing its total Bitcoin on hand to 226,500 BTC, at a total cost to MicroStrategy of just $8.3 billion. 
At the prevailing Bitcoin price on crypto exchanges Sunday, Aug. 18, that Bitcoin pile is worth some $13.5 billion.&nbsp;According to a new SEC filing, South Korea’s pension fund&nbsp;<a href="https://cryptopotato.com/worlds-third-largest-pension-fund-nps-acquires-34m-of-microstrategy-shares/" target="_blank" rel="noopener" data-wpel-link="internal">recently</a> bought $34 million MSTR shares, which&nbsp;could be the inspiration behind Saylor’s tweet Sunday. 
<h2 id="mstr-shares-might-be-on-sale">MSTR Shares Might Be On Sale</h2> 
MicroStrategy stock may be on sale, but on-chain Bitcoin could provide investors with more security while being just as easy to acquire as stocks in 2024. 
The reason MSTR stocks could be on sale: they’re now trading at around $130 per share. That makes them 90% cheaper after a 10-to-1 stock split to make the stock more affordable to a wider range of investors. 
Amazon has done this a handful of times in its history as a publicly traded company. It signals that the company and financial markets see its stocks as a high-growth investment with big upside left in the future. 
But retail investors who want to keep it simple are sticking with “hodling” their on-chain Bitcoin in wallets. Or they prefer day-trading it in <a href="https://cryptopotato.com/bitcoin-price-analysis/" data-wpel-link="internal">Bitcoin price</a> markets on crypto exchanges to accumulate faster. 
Although in August, markets are exercising caution across the board and in crypto markets. <a href="https://cryptopotato.com/is-the-bitcoin-price-in-grave-danger-3-bearish-and-2-bullish-signs-for-btc-to-watch/" data-wpel-link="internal">Here</a> are three bearish and two bullish signs to look out for regarding Bitcoin price in August. 
The post <a href="https://cryptopotato.com/big-bitcoin-buy-incoming-michael-saylor-playful-btc-tweet/" rel="nofollow">Big Bitcoin Buy Incoming? Michael Saylor Playful BTC Tweet</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Big Bitcoin Buy Incoming? Michael Saylor Playful BTC Tweet

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