MicroStrategy (MSTR) Will Likely Make Another Bitcoin Purchase on Monday, January 6

MicroStrategy (NASDAQ: MSTR) is expected to purchase more Bitcoin (CRYPTO: BTC) on Monday, according to several analysts.

The prediction comes after MicroStrategy co-founder Michael Saylor posted the firm’s BTC Tracker chart on the SaylorTracker website on January 5.

Typically, the chart is released before MicroStrategy purchases new Bitcoin the following day.

Saylor also posted a similar chart before a recent BTC acquisition.

On December 29, Saylor posted the BTC Tracker chart, and the following day, the company made another Bitcoin acquisition.

Specifically, MicroStrategy bought 2,138 BTC in total on December 30, spending an average of $97,837 on each coin.

Given MicroStrategy's past practices, several analysts now believe the company is set to make another BTC purchase on Monday, January 6.

This prediction is further supported by MicroStrategy's 21/21 plan, which involves the company making around $42 billion in Bitcoin acquisitions — $21 billion in equity and $21 billion in fixed-income securities.

To facilitate this plan, MicroStrategy also requested its shareholders to increase the authorized shares of preferred stock from 5 million to over 1 billion.

Similarly, it is requesting an expansion of its Class A common stock authorization from 330 million to 10.3 billion shares.

Additionally, MicroStrategy has disclosed its intention to pursue a $2 billion perpetual preferred stock offering.

This initiative, separate from the firm's 21/21 Bitcoin financing strategy, is projected for Q1 2025, contingent on internal approval.

Some believe MicroStrategy will slow down on its Bitcoin purchases in 2025

BitMex co-founder Arthur Hayes expects the crypto market to decline, particularly after President-elect Donald Trump's pending inauguration.

Hayes' early investment fund, Maelstrom, recently stated that it will be making future crypto purchases at lower prices, suggesting that the fund is waiting for crypto prices to drop.

With a projected market slowdown in January 2025, several analysts believe MicroStrategy will pause its BTC acquisitions, which could impact the firm's shares and convertible bonds distribution.

However, Saylor himself advocated for the company to be buying Bitcoin during peak prices in early December.

“I'm sure that I will be buying Bitcoin at $1 million a coin — probably $1 billion dollars a day of Bitcoin at $1 million a coin,” Saylor said.

This notably suggests that MicroStrategy could still be making more BTC purchases, especially if its trading prices decline.