Will Michael Saylor MicroStrategy Buy More Bitcoin? With the bears in control of the Bitcoin price – 99Bitcoin analysts believe that any recovery beyond $96K could lead to a major altcoin rally – here’s why.
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The coin remains volatile at press time, and holders are finding it difficult to hold onto the coin. With volatility rising and prices approaching $90,000, hundreds of millions of long leveraged positions were liquidated across multiple cryptocurrency exchanges.
However, in a bold show of commitment, MicroStrategy has amassed more Bitcoin over the past few weeks. This strategy comes despite the world’s most valuable currency falling from around $102,000 recorded in early January.
The question now remains: Will MicroStrategy buy the dip?
It appears that this will be the case.
On January 12, Michael Saylor, co-founder of the business intelligence firm, took to X and published a Bitcoin tracker for the tenth week in a row.
Thinking about the next green dot at https://t.co/Bx3917zeAK. pic.twitter.com/dCIhEzRLuW
-Michael Saylor
(@sailor) January 12, 2025
Given that similar posts preceded the MicroStrategy acquisitions, it is not surprising that crypto and bitcoin supporters will reignite discussions about a potential purchase in the coming days.
Will MicroStrategy accumulate more Bitcoin?
Data from SaylorTracker shows that MicroStrategy is currently… He carries 447,470 Bitcoin worth more than $41 billion at spot prices.
On January 6, the business intelligence firm bought 1,070 bitcoins, a day after Saylor published the tracker.
With the former president tweeting the tracker again, will MicroStrategy be loaded, especially now that BTC is in a risky situation?
Although some hailed them as visionaries, their accumulation strategy was not without criticism.
Some believe MicroStrategy’s exposure to what they describe as “speculative assets” is risky. Additionally, there are concerns about whether their debt approach is sustainable now that Bitcoin has become more volatile overall.
Increased debt and high volatility of Bitcoin can significantly impact a company’s financial health.
There are hints about how fragile MSTR stock is.
As Bitcoin prices decline, MSTR prices become increasingly volatile. It is down more than 35% from its all-time high of around $475 in the fourth quarter of 2024.
(source)
However, despite the criticism, MicroStrategy is not slowing down in its approach. The company announced its ambitious “21/21” plan, which includes raising $42 billion to buy more Bitcoin.
They will issue $21 billion in stocks and another $21 billion in bonds. In addition, they are exploring issuing another $2 billion in preferred stock to further enhance their liquidity. The issuance will be separate from the “21/21” plan.
Will Bitcoin prices recover and altcoin season arrives?
MicroStrategy could surprise the market by buying more coins this week.
Right now, the focus is on how the bulls absorb all the selling pressure.
The inability of the bears to push prices below the psychological level of $90,000 is considered bullish.
If sellers continue to break this level in the next few days, Bitcoin could collapse, sending altcoins lower.
(Bitcoin/Dollar)
Conversely, any recovery above $96,000 and $100,000 may provide an ideal launching pad for prices to rise above $108,000 in a buying trend continuation pattern.
This rally will provide significant tailwinds to altcoins like Ethereum, Solana, Dogecoin, and even Tron. As of writing, prices have fallen on average 15% over the last trading week.
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Saylor Targets Another Bitcoin Buy: Will Bitcoin Rebound and When Is Altcoin Season? appeared first on 99Bitcoins.