MicroStrategy’s Saylor Hints at Bitcoin Acquisition Surpassing $1.25 Billion

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Ah, Strategy Inc., that charmingly audacious enterprise! It seems they are preparing to embark on yet another grand escapade into the Bitcoin bazaar, a venture that promises to dwarf last week’s extravagant acquisition of $1.25 billion! 🤑

On this fine day of January 18, our gallant hero, Michael Saylor, took to the stage of social media, brandishing a graphic entitled “Bigger Orange.” How poetic! Market analysts, those ever-watchful hawks, interpreted this declaration as a prelude to a purchase that would surpass the mere 13,627 Bitcoins recently acquired. Oh là là! 🍊

Strategy Signals Record Bitcoin Purchase Amid Falling Stock Premium

This previous treasure trove has already crowned the company as the reigning monarch of corporate Bitcoin holdings. But lo and behold! A purchase exceeding this bounty would elevate Strategy’s total to a staggering 700,000 Bitcoins! Such ambition, such flair! 🎩

₿igger Orange.

– Michael Saylor (@saylor) January 18, 2026

This lofty achievement would place the firm’s coffers in the rarefied air of the financial elite, trailing only behind BlackRock’s IBIT exchange-traded fund and the mysterious hoard of 1.2 million BTC belonging to the elusive Satoshi Nakamoto, the network’s enigmatic founder. The suspense is palpable! 🔍

However, dear friends, this bold move comes at a rather precarious juncture for our intrepid software savant. The stock of Strategy has plummeted more than 50% in the past year, and their critical market-to-net-asset-value (mNAV) premium has collapsed to a humble 1.0x-a veritable disaster in the world of financial theatrics! 🎭

This unfortunate compression threatens the very foundation of the arbitrage model that our hero has wielded like a sword to fund acquisitions. With institutional capital wavering towards the allure of spot Bitcoin ETFs-those delightful little creatures offering exposure without the burdensome complexities of Strategy shares-our dashing protagonist has lost the easy leverage he once so enjoyed. Alas! 😱

To keep the pace of accumulation alive amidst this storm, Strategy has resorted to daring funding tactics. In the past year alone, the company has raised a staggering $25 billion through the sale of common stock and the issuance of new types of preferred shares, including STRC. Such audacity! 💰

Meanwhile, Wall Street, ever the cautious critic, reacted to this dilution with a raised eyebrow. TD Cowen, in their wisdom, recently lowered its price target for the stock from $500 to a meager $440 while maintaining a Buy rating. What a conundrum! 🤔

The firm attributed this decline to a drop in “Bitcoin Yield” for fiscal 2026-a fancy term for measuring Bitcoin exposure per share. Analysts observed that the company’s penchant for issuing greater equity to fund purchases is actively diluting this yield for shareholders. Oh, the irony! 🎢

Despite the skepticism swirling around, some market observers argue that Strategy has crafted a structural moat impenetrable by the clumsy hands of traditional finance. 🏰

“They figured out how to accumulate Bitcoin at scale, package it into products and offer exposure in ways traditional banks simply can’t match,” proclaimed Bitcoin analyst Shagun Makin, with a flourish.

Makin astutely noted that the mounting regulatory and market pushback facing our hero is more a reflection of the model’s cunning efficacy rather than any inherent flaws. What an intriguing twist! 🎩

“Banks can’t copy the model without breaking their own balance sheets. So the only real options are to slow it down, discredit it or regulate around it,” he added, shaking his head in disbelief.

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2026-01-18 22:38