Saylor Hints Strategy May Buy Even More Bitcoin After $1.25 billion Splurge

MicroStrategy Chairman Michael Saylor hinted at further significant Bitcoin acquisitions after the company bought $1.25 billion worth of BTC on January 11, following an earlier $115.97 million purchase on January 4. Saylor posted a graph on X with the caption “Bigger Orange,” a common way he teases future buys. MicroStrategy now holds 687,410 BTC at an average cost of $75,353 per coin, placing its reserve in profit given Bitcoin's current price of around $92,300. Despite the profitable Bitcoin holdings, the firm's stock price has dropped significantly over the past year. MicroStrategy has funded these purchases partly through convertible notes, but faces looming debt maturities in late 2027 and 2028, requiring substantial capital, though the company maintains it has sufficient resources.

(Source：Cointelegraph)