Michael Saylor hints at another major Bitcoin buy – Is a $42B plan in motion?

• Strategy eyes major Bitcoin purchase amid growing institutional backing and market speculation.
• Saylor urges the U.S. to secure 20% of global Bitcoin for economic dominance.

Michael Saylor’s Bitcoin [BTC]-focused firm, now known simply as Strategy (formerly MicroStrategy), appears to be preparing for another substantial BTC acquisition.

Speculation around this potential move gained traction after Saylor, the company’s co-founder, subtly hinted at upcoming activity on social media.

Michael Saylor plans major Bitcoin acquisitions

On the 23rd of February, he shared a Bitcoin tracker on X (formerly Twitter), a gesture that has often preceded significant purchases in the past.

His cryptic message implied that recent BTC transactions had yet to be reflected in the tracker, fueling rumors of an imminent addition to Strategy’s already considerable Bitcoin holdings.

Saylor noted, 

“I don’t think this reflects what I got done last week.” 

Source: Michael Saylor/X

As expected the news was well appreciated by the crypto community, as highlighted by Nikolaus Hoffman who said, 

Source: Nikolaus Hoffman/X

Is the “21/21 Plan” coming true?

Strategy’s ambitious “21/21 Plan” aims to amass $42 billion in BTC investments, with the company targeting $21 billion through equity sales and an additional $21 billion via fixed-income securities.

This bold strategy has garnered significant institutional interest, particularly from U.S. state pension funds and treasuries, which collectively hold $330 million worth of Strategy shares as of late 2024.

This growing institutional backing reflects increasing confidence in the firm’s Bitcoin-focused vision.

Notably, Bitcoin analyst Julian Fahrer highlighted that states like California, Florida, Wisconsin, and North Carolina have the largest exposure, emphasizing Strategy’s expanding influence across both the crypto and traditional financial sectors.

Saylor’s Bitcoin enthusiasm continues

Saylor also recently emphasized the importance of Bitcoin for U.S. economic dominance.

Speaking at the CPAC conservative conference, he advocated for the United States to secure 20% of the global BTC supply.

He argued that such a move would not only strengthen the nation’s financial position but also ensure its leadership in the evolving digital economy.

Saylor’s call reflects his long-standing belief in Bitcoin’s role as a strategic asset, reinforcing his commitment to promoting broader institutional adoption in the U.S.

“There’s only room for one nation-state to buy up 20% of the Bitcoin network, and obviously, I think it should be the United States; I think it will be the United States.” 

Market trend

Despite the growing institutional interest and Saylor’s bold proposals, Strategy’s stock — MSTR faced a setback, trading at $299.69 after a 7.48% decline, according to Google Finance.

Bitcoin also experienced a slight dip, trading at $95,759.21 with a 0.61% drop over the past 24 hours, as reported by CoinMarketCap.

While the long-term outlook remains optimistic, these short-term fluctuations highlight the ongoing volatility in both crypto assets and related equities.