Michael Saylor has highlighted Bitcoin’s upward movement as it approaches $85,000, stating “Bitcoin is calling”. Bloomberg’s Eric Balchunas noted Saylor’s holdings contribute to market stability. Strategy is now the second largest corporate Bitcoin holder, retaining all purchased BTC, alongside BlackRock’s larger holdings.
Michael Saylor, founder of BTC-driven company Strategy, recently highlighted Bitcoin’s price surge aiming to exceed $85,000. On social media, he shared an AI-generated image depicting him in an office with a Bitcoin logo, captioning it with “Bitcoin is calling.” This imagery reflects his continued advocacy for the cryptocurrency while departing from previous orange-themed designs.
Eric Balchunas, a prominent ETF analyst at Bloomberg, praised Saylor’s Bitcoin holdings for their market stabilising effects. He noted that spot Bitcoin exchange-traded funds (ETFs) have experienced beneficial inflows, as Saylor’s Strategy has consistently bought Bitcoin over the last 15 months, absorbing assets from various sources during market turbulence. Balchunas emphasised that this consistent buying pattern should contribute positively to Bitcoin’s market stability and reduce price volatility in the long term.
Saylor has repeatedly asserted that he and Strategy do not intend to liquidate their Bitcoin holdings. Presently, Strategy is the second-largest corporate holder of Bitcoin, owning 531,644 BTC valued at approximately $44.92 billion. This positions Saylor’s firm behind BlackRock’s spot ETF, which currently maintains 575,369 BTC valued at around $48.58 billion.
