The post MicroStrategy is Buying More BTC appeared on BitcoinEthereumNews.com.

More green dots have appeared on MicroStrategy’s portfolio tracker. For context, every green dot signals a Bitcoin ($BTC) purchase – of which there have been at least six since December. Michael Saylor announced the last purchase worth $101M on January 6, which brought MicroStrategy’s $BTC Yield to 74.3% in 2024. Yesterday, Saylor posted the Bitcoin BTC$91,214 tracker for the 10th consecutive week, signaling another possible Bitcoin purchase. MicroStrategy’s current $BTC holdings amount to $42.24B, and, according to Saylor’s X account, he’s ‘thinking about the next green dot.’ Despite Saylor’s continued confidence and a long-term bullish outlook, $BTC is facing some strong headwinds right now, trading at $91.3K. Some analysts say Trump’s tariff plans could be at fault, while better employment rates in the US and a stronger dollar have also put pressure on crypto trades. More Green Dots for the $BTC Gods Saylor made a name for himself as a devoted $BTC HODLer. And his faith in $BTC certainly appears to be paying off for MicroStrategy. After all, MSTR stock price grew 468% year-to-date and 2,185% since the company started acquiring crypto. In fact, MicroStrategy’s stock price is now so closely correlated with the $BTC value that we can safely call it a ‘$BTC-indexed company’ or a ‘$BTC-correlated investment vehicle.’ MicroStrategy stock price This means that a sudden decline in $BTC’s price could decimate MicroStrategy’s shares. Yet, this scenario is unlikely in the upcoming year, given the ongoing bull run and growing institutional adoption of crypto. Microsoft Next? Saylor recently also gave a 44-slide pitch on why Microsoft should invest $100B yearly on $BTC. We don’t know if Microsoft’s board of directors took Saylor’s advice, but his points were compelling. Saylor argues that by doing so, MSFT stock could add $5T in market cap. $BTC Under Pressure Against all expectations,…

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Filed under: News - @ January 13, 2025 3:23 pm