Many prominent figures have transformed their relationship with cryptocurrencies, especially Bitcoin, from opposition to active endorsement. Michael Saylor is a notable example.
Michael Saylor's Strategy
Michael Saylor, who renamed his company to Strategy, has announced his intention to continue accumulating BTC, regardless of market fluctuations. He is issuing additional debt for new purchases while avoiding liquidation risks faced in the past. Recently, he acquired 7,633 BTC at a cost of $742 million.
Major Players Show Interest in Bitcoin
Strategy is preparing new BTC purchases by issuing $2 billion in bonds. Major financial institutions and even state entities are following this trend. For example, BlackRock increased its stake in Strategy by 5%. Twelve U.S. states hold Strategy shares in their pension and treasury funds.
Potential for Cryptocurrency Growth
The total amount of MSTR shares held by these states amounts to $330 million, indicating a significant potential for growth. Furthermore, many states are developing legislation for directly holding BTC and digital assets.
All these developments suggest that cryptocurrencies may not have reached their true peak yet, and interest in them continues to grow.
