As a seasoned investor with over two decades of experience under my belt, I find myself intrigued by the unyielding bullishness of Michael Saylor and his Bitcoin crusade. His recent post, depicting himself as a gladiator in an arena, is a testament to his relentless advocacy for BTC. It’s like he’s saying, “Step into the Arena, join me in this digital revolution!
Michael Saylor, the CEO of MicroStrategy and an entrepreneur with a strong appreciation for Bitcoin, recently shared another post about the leading cryptocurrency. Known for his unique style on social media, where he posts about Bitcoin daily, sometimes amusing or confusing but always consistent – optimistic towards BTC.
In this instance, Saylor, employing artificial intelligence, virtually transported himself into a gladiatorial arena, donning a suit of armor bearing the Bitcoin logo. He labeled it with the message “Enter the Arena,” inviting the broader public to participate.
Step into the Arena. #Bitcoin
— Michael Saylor⚡️ (@saylor) October 8, 2024
It’s worth noting that these events are unfolding concurrently as MicroStrategy’s (MSTR) stock soars, reaching unprecedented highs on its price chart. Currently trading at $194.63 per share, MSTR has successfully burst through the prolonged consolidation it entered in March this year. In fact, since the start of October, MSTR stock has experienced a 13.91% increase.
24 years later
Currently, it appears that the highest obvious barrier for MSTR is the $200 mark, which was established approximately half a year back.
Should, or more likely when, the current level is surpassed, MicroStrategy’s new objective could potentially be revisiting its previous record high of around $333, which was achieved nearly 24 years ago in March 2000.
MSTR’s achievement is widely recognized, and it’s quite straightforward: The company holds approximately 252,220 Bitcoins, currently valued at around $10 billion, given an average price of roughly $39,300 per BTC. This has already generated a profit of approximately 59.7%, or about $5.93 billion for the company.
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2024-10-08 18:40