Michael Saylor posts a Bitcoin tracker for the 10th consecutive week
Michael Saylor, founder of MicroStrategy, posted a Bitcoin (BTC) tracker for the 10th consecutive week on January 12th. The chart has come to indicate an upcoming Bitcoin buy and is typically posted by MicroStrategy Executive on Sundays.
According to SaylorTracker, MicroStrategy (MSTR) currently holds 447,470 BTC, worth approximately $42.4 billion, following the company's recent purchase of 1,070 BTC on January 6.
MSTR shares are down 40 percent from their peak of about $543 on Nov. 21 — coinciding with the overall decline in crypto markets.
MicroStrategy's Bitcoin Treasury plan has sparked debate from the crypto community, with some using MicroStrategy as a leveraged Bitcoin bet while others have raised concerns about the sustainability of Saylor's debt-based approach.
MicroStrategy Bitcoin holdings over time. Source: SaylorTracker
Related: Microstrategy's Bitcoin Debt Cycle: Stroke of Genius or Risky Gamble?
Saylor's strategy attracts attention
David Krause, a professor of finance at Marquette University, recently warned that a sudden and sharp decline in the price of Bitcoin could send MicroStrategy stocks down.
The professor told Cointelegraph that a sudden drop in the price of Bitcoin – which has experienced significant volatility – could erode shareholder equity and result in losses in the most extreme micro-strategy.
Full steam ahead on the micro strategy bitcoin plan
Despite warnings from critics, Michael Saylor has doubled down on his Bitcoin corporate treasury strategy — even making the case for Bitcoin adoption by other corporations like Microsoft.
In October 2024, a MicroStrategy executive financed the company's “21/21 plan” to buy more bitcoins through $21 billion in equity offerings and $21 billion in fixed income securities.
November 2024 – January 2025 Microstrategy Bitcoin Purchases. Source: SaylorTracker
MicroStrategy announced separate plans for a $2 billion preferred stock offering in a Jan. 3 announcement based on market conditions in the first quarter of 2025.
The money from the proceeds will be used to acquire more Bitcoin and strengthen the company's balance sheet, in addition to the original 21/21 plan to buy $42 billion in Bitcoin for the company's treasury.
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