Michael Saylor’s “Big Strategy Day” Teases in Crypto Community
On February 5, MicroStrategy founder Michael Saylor posted on X, hinting at a potential strategic shift. This came just a day after the company announced a temporary pause in its Bitcoin acquisition plans.
Saylor’s post on X garnered significant attention from the cryptocurrency community, with over 3,900 reposts and 30,000 likes. This prompted speculation from users, with one asking if the company would rebrand from MicroStrategy to MacroStrategy, and another inquiring about Saylor’s intentions.
On Monday, MicroStrategy announced a pause in its Bitcoin purchases under its at-the-market equity offering program. However, the company did not sell any of its class A common stock. According to a February 3 SEC filing, MicroStrategy currently holds 471,107 BTC, acquired for $30.4 billion at an average price of $64,511 per coin. Under Saylor’s leadership, the company 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, which could potentially impact the company’s capital structure. The company introduced its “21/21 plan” in October 2023, aiming to reach $42 billion in equity and fixed-income securities to fund additional Bitcoin acquisitions until 2027.
In addition to his 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. Saylor publicly supported Trump’s stance of reducing federal enforcement actions against the digital asset sector. However, Trump’s recent tariff policies have introduced uncertainty in the crypto markets, contributing to fluctuations in Bitcoin’s price after the post-election rally.
While Saylor has not disclosed specific details about his strategy, he expressed his willingness to advise Trump on digital asset policies in an interview with Bloomberg. He stated that he is open to providing thoughts on constructive digital assets policy and would likely serve on a digital assets advisory council if asked to do so.
