MicroStrategy co-founder Michael Saylor has signaled a potential for another substantial Bitcoin purchase, shortly after the company revealed it acquired approximately $1 billion worth of the cryptocurrency in early April. This follows an earlier disclosure of acquiring 13,927 Bitcoin between April 6 and 12 for $1 billion, averaging $71,902 per coin.
Saylor posted "Think Even ₿igger" on X, accompanied by a chart of MicroStrategy's Bitcoin purchase history, a move historically preceding new acquisition announcements.
This potential buy comes just days after the company proposed increasing dividend payments to shareholders from monthly to semi-monthly, aiming to stabilize price, reduce cyclicality, improve liquidity, and grow demand. CEO Phong Le stated the goal is to make the company unique and attractive in the market.
MicroStrategy holds the largest Bitcoin reserve among publicly traded companies, with 780,897 BTC valued at $58.2 billion. The company's stock (MSTR) saw an 11.8% jump Friday to $166.52, though it remains down over 47% year-to-date. These purchases continue despite the company reporting $14.46 billion in unrealized losses on its digital asset holdings.