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The planet’s chief Bitcoin optimist, Michael Saylor, is once again in the spotlight. This morning, he published a laconic post on X titled “Bear Hunt Announcement,” attaching a photo of himself styled as Neo from The Matrix.
Behind this bold imagery, however, stand the very real and very large numbers that his company, Strategy, is moving into the most extensive phase of cryptocurrency accumulation in the past 5.5 years since adopting the Bitcoin Standard.
The main news of this week related to Strategy and Saylor is not the “Matrix”-style post but the official confirmation of a new plan to raise record capital for BTC purchases. The company will deploy a $44.1 billion program split into two parts: $21 billion from an equity offering and another $21 billion from debt instruments to be issued during 2025–2027.
As of the latest update, Strategy has already accumulated a significant amount of Bitcoin, holding 762,099 BTC on its balance sheet. Saylor has also indicated that the ultimate goal of this stage is to bring reserves to one million Bitcoin, which would make the company the largest public holder of the asset in history.
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