MicroStrategy to Purchase Another $25 Billion in Bitcoin?

Speculation surrounding MicroStrategy's potential expansion into Bitcoin intensified after prominent BTC advocate Max Keiser hinted at an upcoming $25 billion stock offering by the company.

Prominent Bitcoin (BTC) advocate Max Keiser has hinted at a potential upcoming $25 billion stock offering by MicroStrategy (NASDAQ:MSTR), sparking speculation about the company’s next move in expanding its Bitcoin holdings.

In a recent interview, Keiser, a staunch Bitcoin maximalist, suggested that MicroStrategy Executive Chairman Michael Saylor would initiate a significant stock sale to fund additional Bitcoin acquisitions. The rumor quickly gained traction on social media.

Netizens are buzzing with excitement over the possibility, considering Saylor’s well-known enthusiasm for Bitcoin. Notably, just hours before Keiser's statement, MicroStrategy highlighted its status as “The First Bitcoin Treasury Company” on its social media channels.

Adding to the speculation, Saylor recently shared a quote from former President Donald Trump on X (NYSE:PARA) expressing skepticism about cryptocurrency taxation.

Trump’s statement reads: “They have them paying tax on crypto and I don’t think that’s right. Bitcoin is money, and you have to pay capital gains tax if you use it to buy a coffee?”

The former president goes on to say that a friend told him, “it really shouldn’t be taxed,” a sentiment Trump echoes by saying, “I agree.”

Saylor’s amplification of Trump’s perspective highlights a developing debate on BTC taxation, particularly as it pertains to everyday transactions.

“They have them paying tax on crypto and I don’t think that’s right.

#Bitcoin

is money and you have to pay capital gains tax if you use it to buy a coffee?

I was talking with a friend he said ‘it really shouldn’t be taxed’ and I agree.”

– @realDonaldTrump

— Michael Saylor⚡️ (@saylor) October 30, 2024

Interestingly, the crypto exchange Kraken also chimed in on the matter, suggesting that exempting Bitcoin purchases from capital gains tax “could be a huge step for Bitcoin adoption.”

Many Bitcoin advocates argue that such tax exemptions would simplify using Bitcoin as a medium of exchange, potentially driving broader adoption and encouraging businesses to accept crypto.

This announcement comes ahead of MicroStrategy reporting its third-quarter 2024 financial results later today, October 30, after the close of U.S. financial markets. The company will also be hosting a live video webinar at 5:00 p.m. ET to discuss its financial performance.

Bitcoin enthusiasts are eagerly awaiting potential updates from Saylor on any planned stock offering or new Bitcoin acquisitions. However, it’s important to note that neither MicroStrategy nor Saylor has confirmed plans for a $25 billion stock sale. Still, market watchers will be closely following the company’s earnings call for any comments that could hint at future Bitcoin purchases.

Despite the rumors, MicroStrategy is known for its aggressive strategy of using its corporate assets to acquire Bitcoin as part of its treasury strategy. The company began integrating BTC into its treasury in 2020 and has since amassed over 150,000 BTC.

Saylor has consistently touted Bitcoin as a superior store of value compared to traditional assets and a hedge against inflation.

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