CandleFocus World's Greatest Angel Investor Warns That MicroStrategy Is Buying Too Much Bitcoin
2024-12-24
Author: Content Editor
Business intelligence firm MicroStrategy, known for its massive purchases of Bitcoin, might end up breaking "the game of Bitcoin," according to angel investor Jason Calacanis. MicroStrategy shareholders are planning to vote on increasing the company's authorized common stock, which could potentially allow them to buy all of the Bitcoin in existence at current prices. MicroStrategy co-founder Michael Saylor jokingly responded to a sensationalist article about this. Saylor has expressed his goal of owning $3 trillion worth of Bitcoin and believes the firm's market cap could surge to $10 trillion. Calacanis, however, believes that MicroStrategy's buying spree could make Bitcoin unattractive for future investors, leading them to seek other opportunities. MicroStrategy currently holds $43.4 billion worth of Bitcoin, making it the largest corporate holder of the cryptocurrency.
Related News
Bitcoin Coinbase Premium Giving Potential Buy Signal, Quant Says Chiliz And CAKE Users Discover 1Fuel: The Altcoin With A Groundbreaking Twist Ethereum News: Here’s What To Expect After Pectra Upgrade Elon Musk’s D.O.G.E could crash the US economy Memes and madness in 2024 Dogecoin Hikes 3.4% as Whales Accumulate 270M Tokens Which crypto will explode in 2025? Top coins poised for massive growth Bitcoin Faces Short-Term Uncertainty as Exchange Inflows Surge and Tether Liquidity Drops MicroStrategy calls shareholders meeting to fund more Bitcoin purchases Hyperliquid Gets Exposed To North Korean Hackers’ Threats: HYPE Price Down BTC crosses the hallmark of 19.8 mined units on Xmas eve. It’s time to talk about Bitcoin’s supply cap FARTCOIN Rises 30%, Tries to Recover the $1 Billion Market Cap HBAR Rides the Bull: An 11% Surge Points to More Gains Ahead Bitcoin Ends Week with $375M Inflows as Multi-Asset Products Face $121M in Losses Solana adds another transaction record on meme activity, Pengu (PENGU) launch Top 10 NFT collections outperform fungible tokens in weekly returns Majority of businesses are still at early stages of AI maturity: MIT study Bitcoin (BTC) May Be Due for Significant Correction As Technical Indicators Overextend: Benjamin Cowen Developers on Solana Revealed the Altcoins Developers Are Most Focused on – Here’s the List Pudgy Penguins (PENGU) Price Targets New Highs After 30% Surge Bitcoin Price Can Recover To $107,000 Again If This Important Level Is Broken World's Greatest Angel Investor Warns That MicroStrategy Is Buying Too Much Bitcoin Trump Gets It: Bitcoin Is aBounty on Abundance Electricity Production The 69 Dumbest Moments of the Year: 2024 Crypto Edition Azuki Dominates NFT Volume at $2.51M, Pudgy Penguins Secure Second Place: NFT Market Update Top Crypto Trends of 2024: From AI Agents to Modular Blockchains Cardano Price Eyes Rally To New Highs As Bull Flag Appears Whale Makes Substantial USDC Deposit into Hyperliquid: What Could this Mean? Here’s Why Ethereum Price Faces Sub-$3k Correction What to Expect Next in Solana? Analyst Assessed Zenqira Partners with Metagalaxy Land to Unlock the Future of the Metaverse & Web3 Chainlink Unveils Smart Value Recapture to Streamline User Experience BOUNCEBIT price jumps 16% after major partnership Bitcoin’s $100K milestone reflections, what’s next Crypto taxes: What does regulation look like around the world? Data Revealed: This Memecoin Has the Strongest Community This is how crypto tax rules in the US, UK, and EU could impact 2025 investments Trader Who Opened a $60 Million Long Position in This Altcoin Lost Big: Talks About His Mistakes Shiba Inu (SHIB) Price Prediction For December 25 Why Ethereum maxis say ETH will be the ‘comeback kid’ of 2025 XRP Price Jumps 7% on Christmas Eve, Analysts Eye Rally to $2.91, BTC Reclaims $99K Aave and Lido surpass $70 billion in net deposits Bitcoin or altcoins? Find out who will win the holiday season XRP Price Pumps 7% On Christmas Eve, Will It Reach Yearly Highs? Why These Altcoins Are Trending Today — December 24 FLOKI Price Is On The Verge Of A “Massive Breakout,” Here’s The Target Bitcoin Supply Reaches 19.8 Million Mark, Nearing Maximum Limit Layer 2 Solutions for Ethereum: The Future of Blockchain in 2025 Pepe Coin price rebounds: Is the crash over? India’s ₹6,000 Cr Crypto Tax Loss Despite Bitcoin’s surge, mining stocks struggle to match gains in 2024 U.S. Bitcoin ETFs shed $1.2 billion in three-day outflow streak, longest since election Protect Your Non-Custodial Bitcoin Wallet — Support The Open Dialogue Foundation Bitcoin Approaching $100K on Christmas Eve ADA Price Drops 18% In a Week But Cardano Remains in the Top 10 Ranking What’s next for DeFi in 2025? Bitcoin’s surge prove Wall Street’s crypto converts right Hester Peirce Hopes Innovations Take Center Stage in 2025 FLOKI price extends recovery as the University of Floki goes live Bitcoin sees 2024’s largest weekly outflow from exchanges – What does it mean? Hedera Hashgraph price soars as predicted: What’s next for HBAR? Injective Teams Up with Mercado Bitcoin: Empowering 3M+ Users to Seamlessly Join the Injective Ecosystem Cardano’s 18.53M ADA Unlock Sparks Fear, Price Crash Ahead? Binance is on a delisting spree – What’s the exchange’s 2025 trading plan? Altcoin Season on the Horizon? SUI, ADA, LINK, APT, CHZ Show Promise Shiba Inu Eyes $0.00003511 as Key Support Fuels Recovery Coinbase CEO, Other Crypto Insiders Billions Richer After Seeking to Steer Elections SHIB Burns Collapse as Price Makes Unexpected Pivot Bitget Token soars as key indicators sends a major warning Dmail.ai and Cytonic Partner to Revolutionize Private Web3 Messaging 5 crypto predictions for 2025 Aave (AAVE) Surges 12% As Lending Protocol Proposes Chainlink Integration Kraken and US SEC File Joint Proposed Order, What’s Happening? What are the real use cases for the so-hyped memecoins? Binance Warns Its Users About Deep-Rooted Altcoin! No, MicroStrategy Not Selling 10 Billion Shares to Buy Bitcoin The Future of Research: VitaDAO Executive Sheds Light on DeSci and Blockchain’s Role 3 Key Metrics That Hint Bitcoin Price Will Hit $100K Soon XRP Price Turns Bull Green on Christmas Eve Ripple CTO Makes Key Clarification on Staking: Details Shibarium Addresses Cross 2M After Capitulation, Can Shiba Inu Price Rise 50%? How Cardano Founder Got into an Altercation with a Bot XRP Emerges as Biggest Gainer Since Trump Victory and Most-Traded Altcoin on Binance Bitcoin ‘Santa rally’ buyers step in to drive BTC price to $98K Michael Saylor Announces $299 Million 'Bitcoin Gift' to MSTR Holders Analyst Says Ethereum-Based Altcoin Has ‘All the Markings of the Next Big Success’ and Could Explode 700%+ Does the Federal Reserve Have The Power To Block The Bitcoin Reserve Plan? 2025 Will Be the Year That AI Agents Transform Crypto Ripple Stablecoin Hits New Peak as RLUSD Gains Traction Bitcoin (BTC) prepares for a volatile week ahead of this Friday’s $14B options expiry Bitcoin, USDT, P2P, AI: Tether Focus for 2025 Revealed Stablecoin predictions for 2025: What’s next for the $200B market? Ripple USD (RLUSD) Stablecoin Gets Listed on Major Exchange Litecoin’s active address surge: What it means for its price trend Shiba Inu Netflows Skyrocket 1,445%, Bigger Move Coming? 60.9% Cardano (ADA) Addresses Now Profitable Despite Consolidation: Details Solana (SOL) Price Shows Signs of Recovery After 27% Correction Bitcoin Countdown: Less Than 1.2 Million BTC Left to Mine Binance Alpha Announces 5 More Promising Tokens! Here Are the Details BlackRock bought $1 billion worth of BTC right on the eve of the dip. Is that a catastrophe? Solana (SOL) is set for an imminent rally — Here’s why Threat actor steals half a million via 15 compromised X accounts: ZachXBT AI crypto market cap up over 25% amid major developments in the sector XRP Price Chart Suggests Run to $3.20 Is Possible Despite Recent Correction MicroStrategy's Bitcoin Holdings Generate $299M Yield The strategic entry of institutional investors into cryptocurrency | Opinion Shiba Inu Gains 4%, But Market Outflows Indicate Trouble America regains momentum as the crypto capital of the world heading into 2025 $2,200,000 Per Bitcoin – Max Keiser Predicts PEPE: -36% From Top, What Happened? ESG-Focused Blockchain Trrue Secures $10M Investment Commitment From GEM Digital 'Rich Dad Poor Dad' Author Kiyosaki Debunks Bitcoin Price FUD How crypto tax rules in the US, UK and EU could impact your investments Influencer Predicts $5K for Ethereum After BlackRock, Fidelity Buy Can Bulls Push USUAL Beyond Its 25% Surge? Blockchain auditor Hacken launches AI-powered MiCA-compliance tool for crypto firms Daiwa Securities CEO pushes for Japan crypto ETF approval amidst slumping China profits Bitcoin Crashes Above $90,000, But Faces Further Declines Will Dogecoin Break Through $0.35 Resistance Amid Weak EMAs? Chainlink Introduces Smart Value Recapture for DeFi Carv Protocol Strengthens Beam Network by Providing Beam Node Support XRP price prediction as whales amass 40 million tokens in 24 hours Solana Price Forms A Mega Bullish Pattern, $300 Next? Forbes releases 7 major predictions for crypto in 2025 How MicroStrategy hype exposes overlooked flaws in US ETFs Ex-SEC Official Joins This Law Firm, Winklevoss & XRP Lawyer Deaton Condemn Here’s Why XRP May Never See $100, $300, or $500 Binance Announces Support for Fantom Token Rebranding! Here's Fantom's New Name! OKX Ventures officially announces investment in USUAL India risks losing $2b in tax revenue as crypto traders shift to offshore platforms: report Analysts Announced What They Expect From Now On for Bitcoin and Altcoins: Good News for Altcoins! Nexo-Linked Ethereum Deposits Raise Speculation SUI Price Analysis: Will SUI Top $5 as TVL Nears $2B? Serious $4.1 Trillion 2025 Fed Warning Sparks $20,000 Bitcoin Price Crash Fear Why MicroStrategy might collapse below $100 in 2025 Neiro on Ethereum (NEIRO) becomes multi-chain after ChainLink (LINK) partnership 5 Reasons Ethereum Price Can Jump 20% By Jan. 1 17 Million RLUSD on Move in Last 12 Hours, Fresh After Minting UAE-based Allo.xyz secures $100 million Bitcoin-backed credit facility for its RWA platform Strange, but true: 5 outlandish and weird crypto stories of 2024 Hong Kong spot crypto ETFs will see ‘substantial growth’ in 2025, OSL executive says Bank of Italy Exposes Bitcoin P2P Platforms as Tools for Crime Bitcoin bull market over? ‘Decembear’ has only sent BTC price 2% lower R. Kiyosaki blasts 'Bitcoin cry babies' as BTC price drops JUST IN! Binance Announces New Altcoin Listed in Futures! Can DOGE reach $1 in 2025? Will the FED Increase Rates in 2025? Experts Weigh In on a 40% Chance Bitcoin Price Analysis: Bulls Target $97K Amid Doji Formation PancakeSwap Achieves 179% Year-on-Year Growth in 2024 with a $310B Trading Volume Rumble CEO Proposes Bitcoin Tipping for Creators After $775M Partnership with Tether Large Shiba Inu Whale Daily Netflow Spikes 7,140% to 799,320,000,000 SHIB as Price Retests $0.00002 KickStreaming X account hacked, now pushing Solana-based crypto scam tokens What’s in the Future of Ethereum? Analysts Explain Whether There’s Light at the End of the Tunnel Kima Network and Steer Protocol Partner for Advanced Liquidity Solutions in DeFi Binance And Changpeng “CZ” Zhao File To Dismiss US SEC Lawsuit: Court Brazil’s largest crypto exchange Mercado Bitcoin integrates INJ Justin Sun Denies Ethereum Selloff Claims As ETH Price Eyes $4,000 Rally Roasted Bitcoin? Cocoa Rises as the Best Investment of 2024 Here Are Key Shiba Inu Levels to Watch After Drop to $0.00001853 Dogecoin (DOGE) Open Interest Nears 2-Month Low Following Steep 20% Pullback LinkedIn job scam leads to $308M crypto heist: FBI report VIRTUAL Token Surges Past $380 Million in Daily Volume, Eyes All-Time High Comeback Will the Magnificent 7 Tech Giants Dive Into Bitcoin in 2025? Can XRP Price Hit $10? BTC, DOGE and XRP in Spotlight as Crypto Liquidations Down to $240 Million XRP Volatility Disappears, But It's Not Bad Sign BeInCrypto Explores How Regulation Will Shape Key Crypto Narratives in 2025 Macro Guru Raoul Pal Predicts Crypto Market Will Rally ‘Pretty Strongly’ Into Year-End – Here’s His Outlook Moonwell DeFi Hit by $320K Flash Loan Exploit: Security Risks Highlighted Argentina Freezes $3.5 Million in USDT Linked to Rainbowex Amid Massive Seizure Operation SOL's Evolving Throwback Pattern Makes It Enticing for Breakout Traders: Godbole Analyst Says XRP is Going to $35 if Bullish Pattern Endures Crypto hacks wipe out $2.3B in 2024, marking 40% YoY surge Why the launch of bitcoin ETF options marks a key milestone for institutional crypto trading What a strong peso means for Bitcoin in Argentina Dogecoin Flashes Bullish Signal on Daily Chart: Time for A Parabolic Run? Altcoins Take the Main Stage With Impressive Gains as BTC Stalls at $94K (Market Watch) Bitcoin Reserve Is ‘Hopium Hallucination,’ Blockchain Expert Says Ethena Whale Stakes 9 Million ENA Tokens, Triggers DeFi Frenzy Bitcoin Exchange Binance Has Delisted Numerous Altcoin Trading Pairs, Including Three TRY Pairs! Crypto, AI growth could strain North American energy grids: NERC Upbit Announces Delisting of Bitcoin (BTC) Based Altcoin! Price Drop! BitBoy Says XRP Set to Flip Bitcoin Dominance Growth: Here’s How Bitcoin ETFs continue outflow streak as BTC tumbled under $93k Cardano Founder Reacts To Gemini’s Chill Guy Listing Amid Continued ADA Snub Bitcoin Policy Institute sends ‘global reordering proposal’ in the US-China competition to incoming Treasury Department Secretary Dogecoin (DOGE) Hints at Revival: Can It Defy The Odds? Crypto Adoption Boom Worldwide Following Donald Trump’s Re-election Macau plans to launch CBDC and link it to digital yuan, e-HKD Philippines SEC Unveils New Crypto Regulations: What You Need to Know PENGU Price Soars 20% Amid Major Listing, Rally To Sustain? Why Toncoin (TON) Could Rally Beyond $10 in 2025? eToro’s Bret Kenwell breaks down retail investor expectations for 2025 FBI, Japan expose North Korea’s $305M DMM exchange hack details Q3 VC Funding: AI/ML Holds Strong, Fintech and Web3 See Significant Growth Quantum Computing Stocks Surge : QTUM ETF Soars 50% YTD Independent Reserve First in Singapore to List Ripple’s RLUSD Stablecoin Crypto Remittances Grow In El Salvador Reaching 1% Share FOMO Partners with iMe to Simplify AI Agent Token Creation Crypto ETFs in 2025: What's to come for Solana, Hedera and more? Russia Bans Crypto Mining in 10 Regions Until 2031: Key Details Revealed Record $14B Bitcoin Options Expiry Looms as Market Looks Highly Levered-Up Top 5 Performing Coins of 2024— See the Cryptos That Made the Cut MicroStrategy’s Saylor Defends Buying Bitcoin Tops Cosmos Network developers transfer around $27.8m in Bitcoin APAC’s Web3 and AI dream — Is it the real deal? Crypto.com launches U.S. trust company Singapore Digital Assets Hub Leads 2024 While Hong Kong Falters XLM trading insights: Potential 25% increase if THIS key level holds Grayscale Submitted Grayscale Horizen Trust 8-K Form to the SEC I am Proud to Stand With Bitcoin: Senator Ted Cruz Day-1 Crypto Executive Orders? Bitcoin Bulls Brace for Trump's Big Move Digital Assets Will Be an Important Part of Mainstream Finance, Says Binance.US CEO AI agents rallied the most among the first batches of Binance Alpha tokens Ethereum Price Forecast: ETH risks a decline to $3,000 as investors realize increased profits and losses FTX Sets Date for $16 Billion Creditor Reimbursement as Bankruptcy Nears End Solana dominates Bitcoin, Ethereum in price performance and trading volume: Glassnode Singapore surpasses Hong Kong as digital assets leader in 2024 with 13 crypto licenses issued 7 Reasons Why XRP Can Outperform Apple, Nvidia by 10X, According to Top Wealth Mentor XRP Price Prediction For December 24 Here’s How Much Holdings of 300M, 900M, and 1.5B Shiba Inu Would be Worth if SHIB Hits $0.000494 and $0.00632 MicroStrategy seeks share increase by billions for more bitcoin purchase 2024: PH’s digital revolution, rise of emerging technologies Nash launches debit card with crypto round-up feature and IBAN integration Neo SPCC shares updates across NeoGo and NeoFS components What’s New in DePin? io.net New Partnership, MapMetrics Token Listing Roadmap, and More Is XRP the Next Bitcoin? Analyst Sparks Debate on $1200 Price Potential Bitcoin ‘Santa Claus rally’ hopes dwindle as price hits December low Grayscale files Form 8-K for Horizen Trust with United States SEC How MoonPay Plans to Revolutionize Crypto Payments Dogecoin & Other Memecoins No Longer Grabbing Social Media Attention: Santiment Crypto Prices Today December 24: BTC Touches $94K, VIRTUAL Soars 35%, ZEC Gains 20% Hyperliquid net outflows top $250M amid fears over North Korea hackers MicroStrategy seeks share increase by billions for more bitcoin purchase TeraWulf to lease 70 MW to host AI as Bitcoin mining costs jump XRP Price Fresh Surge: Bulls Gear Up for Action North Korean hack concerns spark $114M FUD on the Hyperliquid bridge Bitcoin Price on Thin Ice: Could a Major Drop Be Next? Cycle X x Zetrix: Powering Seamless Investments with $ZETRIX Integration Ethereum Price Attempts a Comeback: Is a Rebound Imminent? Self-Sovereign Identities: Blockchain’s Answer to Digital Security and User Control Aave considers integrating Chainlink’s Smart Value Recapture to redirect MEV profits back to DeFi users XRP Price Outpaces Altcoins with Record Volume and 100% Growth Forecast SFT Protocol Collaborates with Multiple Network to Join Web3 and DePIN Sectors FTX’s Sam Bankman-Fried Potentially Considered for a Presidential Pardon Rising crypto scams lead to $2.3 billion in total losses in 2024 Elon Musk xAI Secures $6B To Boost Generative AI Expansion: Details Bitcoin’s Key SOPR Metric Holds Steady: Are Long-Term Holders Eyeing Higher Prices? Stellar (XLM) Price Shows Signs of Life Despite Bearish Pattern Ethereum and Altcoins Gearing Up for Explosive Move As ETH Mirrors December 2020 Structure: Jason Pizzino Trump’s pro-crypto pledge could see day-one executive orders, industry players hope Hyperliquid Denies Indicators of a North Korean Hack, Despite On-Chain Evidence Hedera (HBAR) Eyes $14 Billion Market Cap Comeback After Brief Decline Top 3 Airdrops to Watch for the Christmas Week Prediction markets show 77% odds of a Magnificent 7 company will buy Bitcoin in 2025 Ethereum (ETH) Just Lost Important Level, Solana (SOL) Drops to Vital Level, Shiba Inu (SHIB): End or New Beginning? Aave mulls Chainlink integration to return MEV fees to users