Michael Saylor Hints at Next Bitcoin Buy Despite MicroStrategy’s Sharp Slowdown
MicroStrategy's Bitcoin buying pace has sharply slowed due to tighter financial conditions, but Executive Chairman Michael Saylor hinted at another large purchase.Summary
MicroStrategy, the largest corporate Bitcoin holder, has significantly slowed its weekly Bitcoin acquisitions, dropping from tens of thousands of BTC to around 200 BTC recently, according to a CryptoQuant analyst. This slowdown is attributed to tighter financial conditions, which have reduced the efficiency of raising capital via stock offerings, causing the company's equity issuance premium to plunge from 208% to 4%. Despite this moderation in pace, Executive Chairman Michael Saylor continues to signal commitment to the strategy, cryptically posting "It's Orange Dot Day" on X, a cue often preceding formal purchase announcements. MicroStrategy still holds 640,418 BTC, representing about 3.2% of all Bitcoin in circulation.
(Source：BeInCrypto)