Michael Saylor, chairman of Strategy, hinted at further Bitcoin acquisitions with his tweet “Bitcoin is calling.” His company has a history of Bitcoin purchases despite market uncertainties, recently buying 3,459 BTC for $285.8 million. Saylor’s firm has outperformed major companies in stock returns, and he continues to advocate for Bitcoin’s benefits and uniqueness in the financial market.
Michael Saylor, Strategy’s chairman, generated buzz in the crypto community with his enigmatic statement, “Bitcoin is calling.” As a notable Bitcoin advocate, Saylor’s history includes consistent acquisitions of Bitcoin via his company, previously known as MicroStrategy. In recent comments, he likened Bitcoin to chess and emphasised the significance of its maximum supply, asserting it is the most critical figure in finance.
The implications of Saylor’s tweet suggest a possible continuation of his Bitcoin acquisitions. Following a one-week pause, Strategy recently purchased 3,459 BTC for approximately $285.8 million, resuming its trend of buying Bitcoin amid market fluctuations. Notably, since November 18, most of their investments are currently in the red, yet Saylor’s tweets hint at future purchases and encourage his 4.2 million followers to embrace Bitcoin as the currency of the future.
Saylor’s investments have outperformed prominent tech companies, as revealed in a recent stock performance analysis. He compared Strategy’s performance, noting an impressive 133% return over the last year, significantly surpassing major firms like Tesla, NVIDIA, Apple, Meta, and Alphabet. Against a backdrop of declines from Amazon and Microsoft, this illustrates the benefits of Saylor’s substantial commitment to Bitcoin.
Beyond his latest tweet, Saylor has made additional pro-Bitcoin remarks, asserting that Bitcoin’s volatility actually underscores its usefulness. He responded to discussions about Bitcoin’s correlation with risk assets, highlighting it as the most liquid and accessible asset globally. Furthermore, Saylor reinforced Bitcoin’s uniqueness, stressing its digital attributes and the absence of tariffs due to its decentralised nature.
