Top market insiders claim Microstrategy ($MSTR) going to buy 80,000+ Bitcoins this weekend

Reportedly, MicroStrategy is silently buying Bitcoin & soon announce its new bulk Bitcoin buy amount.

Microstrategy ($MSTR) is a popular Nasdaq-listed business intelligence firm, a big name in the crypto space because of its multi-billion dollars Bitcoin holdings. To date, Microstrategy holds a total of 331,200 BTC and with this BTC holding company is in $15.2 billion unrealised gain.

On 24 Nov 2024, Fred Krueger, a popular Bitcoin maximalist in the Crypto X community, noted that top stablecoin issuer Tether minted $2 billion USDT & the source of money was Microstrategy. According to Krueger, it is just the initial phase of the big Bitcoin buy game by Microstrategy. He noted that Microstrategy is going to buy Bitcoin from top crypto exchanges like Binance.

Here our readers need to know that Tether firm minted more than $15 billion worth of USDT in only 24 days of this November month, reflecting the increasing bull sentiments in the crypto sector.

Another Bitcoin-centric crypto X user, “The Bitcoin therapist”, noted that many reports speculated that MicroStrategy might buy 100,000 Bitcoin before the QQQ index (a tech-heavy stock index) is rebalanced on Black Friday. And an announcement for the same might come on Monday.

Some people claimed that 100,000 BTC is a very big amount against Microstrateg’s current in-hand cash, obtained from the 0% convertible notes offerings. Another Crypto X user said that approx. 80,000+ BTC is a better amount to predict for the next buy phase for Microstrategy.

Michael Saylor, the chairman & former CEO of MicroStrategy, also hinted that Microstrategy is going to announce its new Bitcoin buy amount within the next two days.

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