Michael Saylor Drops Epic Satoshi Message: Details

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As a researcher who has been following the cryptocurrency landscape for several years now, I must admit that Michael Saylor’s tweet struck a chord within me and many others in the community. The gratitude expressed towards Satoshi Nakamoto, the enigmatic creator of Bitcoin, is a testament to the far-reaching impact of his vision.

On this Thanksgiving Day in the United States, Michael Saylor – co-founder and chair of MicroStrategy – has shared a tweet that’s sparked conversation among cryptocurrency enthusiasts. In a brief post, Saylor expressed his gratitude by saying, “Thanks, Satoshi.

As an analyst, I find it profound to express my gratitude towards the enigmatic figure behind Bitcoin‘s inception, Satoshi Nakamoto, particularly at this juncture where Bitcoin is experiencing a surge in global acceptance and its value is nearing $100,000. Just last Friday, Bitcoin set an all-time record of $99,849.

Thank You, Satoshi.

— Michael Saylor⚡️ (@saylor) November 28, 2024

In simpler terms, an anonymous individual named Satoshi Nakamoto unveiled a new form of digital money called Bitcoin in 2008. This money doesn’t rely on traditional middlemen to function, instead operating through a decentralized system. Since then, the idea behind Bitcoin has sparked numerous advancements in blockchain technology and financial systems that don’t depend on central authorities.

Saylor’s message resonated with Bitcoin enthusiasts, with some in the crypto community echoing the same sentiment and penning words of appreciation for Satoshi.

Bitcoin boosts MicroStrategy’s growth

This year, MicroStrategy stocks have skyrocketed over 500%, surpassing almost every other significant stock on the market. Saylor’s strategic moves have attracted the spotlight as he transformed the enterprise software firm into what he refers to as a “Bitcoin-holding corporation.

This week, I’m thrilled to share that MicroStrategy, a company I’ve been closely following, made a staggering $5.4 billion investment in Bitcoin. This is their third significant purchase this month, as reported by the U.S. Securities and Exchange Commission. Over the course of November 18th to 24th, they added 55,500 coins to their portfolio, each coin valued at approximately $97,862 according to the filing.

By November 24, 2024, MicroStrategy had amassed approximately 386,700 Bitcoins valued at around $21.9 billion. This means each Bitcoin in their possession was worth roughly $56,761, making them the largest publicly-traded corporation holding such a significant amount of this digital asset.

Bitcoin surged past $97,000 in the lead-up to Thanksgiving, only to dip slightly thereafter; currently, it has risen by 1.23% over the past day, trading at approximately $95,687.

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2024-11-28 18:58