MicroStrategy’s Saylor Hints at Bitcoin Acquisition Surpassing $1.25 Billion
Strategy Inc. (previously MicroStrategy) has signaled it’s getting ready to execute a Bitcoin acquisition that will eclipse the huge $1.25 billion buy accomplished simply final week.
On January 18, Michael Saylor posted a graphic to the social media platform X captioned “Bigger Orange.” Market analysts broadly interpreted the phrase as a sign of intent to surpass the 13,627 Bitcoin the agency not too long ago acquired.
Strategy Signals Record Bitcoin Purchase Amid Falling Stock Premium
That previous tranche had already solidified the corporate’s place as the most important company holder of the asset.
However, a purchase order exceeding that quantity would push Strategy’s complete holdings above the 700,000 Bitcoin threshold.
This milestone would place the agency’s treasury in uncommon air, trailing solely BlackRock’s IBIT exchange-traded fund and the 1.2 million BTC estimated holdings of Satoshi Nakamoto, the network’s pseudonymous founder.
The aggressive transfer comes at a precarious moment for the enterprise software firm.
Strategy’s inventory plummeted greater than 50% final yr, and its crucial market-to-net-asset-value (mNAV) premium has collapsed to roughly 1.0x.
This premium compression threatens the arbitrage mannequin Saylor has traditionally utilized to fund acquisitions.
With institutional capital more and more flowing towards spot Bitcoin ETFs—which provide publicity with out the complexity or premiums related to Strategy shares—the agency has misplaced the simple leverage it as soon as loved.
To maintain its accumulation tempo in opposition to this backdrop, Strategy has pivoted to aggressive funding techniques.
In the previous yr alone, the corporate raised $25 billion by means of the sale of frequent inventory and the issuance of new types of preferred shares, including STRC.
Meanwhile, Wall Street has reacted to this dilution with warning. TD Cowen not too long ago downgraded its value goal for the inventory to $440 from $500 whereas sustaining a Buy score.
The agency cited a decline in “Bitcoin Yield” for fiscal 2026, a proprietary metric measuring Bitcoin publicity per share. Analysts famous that the corporate’s reliance on issuing higher fairness to fund purchases is actively diluting this yield for shareholders.
Despite the skepticism, some market observers argue that Strategy has engineered a structural moat that conventional finance can’t simply bridge.
“They found out how one can accumulate Bitcoin at scale, package deal it into merchandise and supply publicity in methods conventional banks merely can’t match,” Bitcoin analyst Shagun Makin said.
Makin steered that the mounting regulatory and market pushback dealing with the agency is a response to the mannequin’s efficacy quite than its flaws.
“Banks can’t copy the mannequin with out breaking their very own steadiness sheets. So the one actual choices are to gradual it down, discredit it or regulate round it,” he added.
The publish MicroStrategy’s Saylor Hints at Bitcoin Acquisition Surpassing $1.25 Billion appeared first on BeInCrypto.
