Saylor Indicates That Bitcoin
Getting approximately the same level of energy from crypto enthusiasts resembles kids eagerly anticipating sweet treats. Strategy co-founder Michael Saylor continues to hint about new Bitcoin acquisitions following an impressive cash increase at the company. Saylor dropped his Sunday Bitcoin chart on X while adding “more orange” alongside it, signaling to traders that BTC will receive another boost on Monday. Current prices at $85,102 each make people wonder how large his new Bitcoin purchase will be.
- The recent preferred stock sale brought Strategy $711 million from 85 shares purchased at $10% interest.
- Strategy purchased 130 BTC worth $10.7 million on March 17, growing their BTC stash to 499,226 coins.
- Strategy took a two-week break starting in February 2024 to stop their continuous buying,, which lasted throughout the November-December-January period.
- Saylor aims to broker a historic deal in which America would acquire 25% of the Bitcoin supply by 2035, representing a bold move for power expansion.
The report came from Reuters.com on March 23, after Coinbase and Kraken showed their strength through acquisitions in the previous cryptocurrency recap. Although BTC values dipped recently, Strategy kept winning with its investments, generating 28% profits from its BTC securities, now surpassing $9.3 billion.
Saylor’s not just buying—he’s preaching. During the Blockworks Digital Asset Summit, he told his audience about Bitcoin’s “21 Truths of Bitcoin” while stating that Bitcoin remains the only decent commodity compared to gold. Saylor refers to Bitcoin as “digital gold,” an
d he makes a valid observation given the current market situation where Bitcoin sits at $85,102 with a 0.92% increase (check it here) alongside Ethereum showing a 0.97% increase (see it here).
He encourages the U.S. government to acquire 5.25 million BTC, which represents 25% of the total supply, until 2035, almost all Bitcoin will be mined. His “Digital Assets Strategy” document is a complete manifesto offering trillion-dollar potential when the U.S. takes appropriate action. During this recap,we observed Donald Trump’s son team up with Metaplanet as part of Saylor’s rapidly spreading Bitcoin promotional movement.
The market shows distress while Strategy maintains its composed position. That $711 million? The massive sum of money continues to create an opening in their wallet. Monday arrives as the significant day to observe whether Bitcoin will experience a massive release or a minimal flow. Stay tuned.
