Michael Saylor of MicroStrategy Hints at the Possibility of New Massive Bitcoin Purchases

Michael Saylor, executive chair of MicroStrategy, has again attracted the attention of the crypto world with his latest tweet hinting at the possibility of massive Bitcoin purchases.

Jakarta - Executive Chair of MicroStrategy, Michael Saylor, has once again grabbed the attention of the crypto sphere with his latest tweet that hints at the possibility of massive Bitcoin purchases. On Sunday, Sailor posted a short cryptic message on social media, "We're gonna need a bigger truck," accompanied by the Bitcoin hashtag. The tweet immediately sparked speculation in the crypto community about another round of MicroStrategy's aggressive Bitcoin acquisition.

Saylor's tweet drew responses from various parties, including the Solana meme coin project, which added, "We need the entire fleet," and included an image of a puppy with a laser eye, a popular meme among Bitcoin fans.

Led by the MIT graduate, the Virginia-based technology company has been in the limelight for its aggressive Bitcoin acquisition. Together, Saylor and MicroStrategy are rapidly increasing their Bitcoin stash at an impressive rate, a strategy that garners strong support from the Bitcoin community.

According to information from Crypto Potato, earlier this month, MicroStrategy announced its plan to raise 2 billion US Dollars (around Rp30 trillion) by selling company shares to purchase more Bitcoin. In the second quarter of 2024, from April to June, the company purchased 12,222 BTC for 805 million US Dollars (around Rp12.4 trillion), bringing their total Bitcoin holdings to 226,500 BTC at a total cost of 8.3 billion US Dollars (around Rp128 trillion).

At the current Bitcoin price, the MicroStrategy Bitcoin stack is valued at around 13.5 billion (around Rp208 trillion). In a recent filing to the US Securities and Exchange Commission (SEC), it was revealed that a South Korean pension fund recently purchased 34 million US Dollars (around Rp524 billion) in MicroStrategy shares, which could be the reason behind Saylor's tweet last Sunday.

Currently, MicroStrategy (MSTR) shares are trading at around 130 US Dollars (around Rp2 million) per share, which is 90% cheaper after the 10 to 1 stock split to make the stock more affordable for a wider range of investors. This stock split is similar to those done by giant companies like Amazon, indicating that the market sees the stock as a potential high investment with massive future growth.

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