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Julia Smith
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Julia Smith
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MicroStrategy founder Michael Saylor hinted at a potential strategic shift in a post on X on Wednesday, just a day after the company announced a temporary halt to its Bitcoin acquisition plans.
MicroStrategy Founder Causes Speculation Amid Bitcoin Holdings Pause
Saylor posted on X on February 5, calling it a “Big strategy day.” The social media post prompted mass speculation from members of the cryptocurrency community, receiving over 3,900 reposts and 30,000 likes.
“Rebrand from MicroStrategy to MacroStrategy?” one X user inquired. “What are you up to?” another replied.
On Monday, the Virginia-based company announced that it had paused Bitcoin purchases under its at-the-market equity offering program, though it did not sell any of its class A common stock.
A February 3 SEC filing revealed that MicroStrategy, led by CEO Phong Le, holds 471,107 BTC, acquired for $30.4 billion at an average price of $64,511 per coin.
MicroStrategy, under Saylor’s leadership, has been accumulating Bitcoin since 2020, spending over $20 billion to build its reserves.
Last month, MicroStrategy shareholders approved two amendments related to Class A common stock and preferred stock options, potentially impacting the company’s capital structure.
In October 2023, MicroStrategy introduced its “21/21 plan,” targeting $42 billion in equity and fixed-income securities to fund additional Bitcoin acquisitions through 2027.
Michael Saylor Signals Interest in Shaping Crypto Regulations
Saylor, a long-time Bitcoin advocate, acknowledged the impact of President Donald Trump’s election on the cryptocurrency’s value after its sharp post-election rally.
Trump has pledged to reduce federal enforcement actions against the digital asset sector, a stance Saylor has publicly supported.
However, Trump’s recent tariff policies have introduced uncertainty in crypto markets, contributing to fluctuations in Bitcoin’s price after its postelection rally.
While Saylor has not revealed specific details about his strategy, he stated in an interview with Bloomberg that he would be open to advising Trump on digital asset policies.
“I’m always willing to provide thoughts on constructive digital assets policy either in confidence or publicly, and if I’m asked to serve on some sort of digital assets advisory council, I probably would do so, yes,” Saylor said.
