Strategy points to further Bitcoin purchases, while the market is waiting for Saylor's next step
The company, which was previously known as Microstrategy, is back in the spotlight after its CEO Michael Saylor has shared a cryptic contribution to social media that indicates that new Bitcoin acquisitions could be imminent.
In a post on X, Saylor published a Bitcoin price chart entitled “Nothing Stops This Orange” (nothing can stop orange), which triggered speculation about another purchase.
In the past few weeks, Strategy has steadily increased its Bitcoin stocks through calculated purchases. The company now holds an estimated 592.100 BTC worth over $ 60 billion and is therefore the world's largest company owner of Bitcoin. This reserve accounts for almost 2.8% of the total stock of the system.
Saylor, known for his unshakable optimism, recently went so far to predict that Bitcoin could achieve a value of $ 21 million per coin within the next two decades. The bold forecast “$ 21 million in 21 years” was published online without further context.
However, not everyone is convinced of Strategy's debt -financed strategy. The famous empty seller Jim Chanos criticizes Saylor's presentation of the company's liabilities and argues that the convertible bond is not as risk -free as shown. While Saylor insists that the bond is not repayable and has no effect if the value of Bitcoin drops, Chanos claims that Strategy is still fully liable, provided that the bond is not converted into equity when it is due.
Chanos' hedge fund has taken up a contrary position – he bets against strategy, but remains optimistic of Bitcoin himself. This double attitude reflects the growing conviction that Bitcoin could continue to increase, but the aggressive accumulation model of Strategy could make the company financially prone to.
While the market is waiting for a possible SEC message that confirms a further purchase, the speculation increases that Strategy is planning a doubling again despite the growing skepticism.
