Michael Saylor, executive chairman of MicroStrategy, once again drew attention to the cryptocurrency market with his recent tweet about Bitcoin, which coincided with his latest purchase of the cryptocurrency.
Michael Saylor's Tweet and Its Market Impact
When Michael Saylor tweeted ‘Everyone gets Bitcoin at the price they deserve’, it resonated far beyond the tech community. His message came on the same day that Bitcoin rebounded from an intraday low, rising to 104,720 dollars.
Bitcoin Purchase by Strategy
Saylor also disclosed that his company, Strategy, deployed an additional $100 million to acquire Bitcoin, increasing total holdings to 582,000 BTC worth approximately $61 billion. This reinforces his habit of linking market sentiment with purchases.
The Bigger Picture of Bitcoin and Saylor's Strategy
As of now, Bitcoin remains in a consolidation range, hovering around $108,500, with neutral-to-bullish prospects. The approaching milestone of 600,000 BTC captures analyst attention, who will monitor the company's future funding moves and changes in price correlation.
Michael Saylor's recent activity and his approach to acquiring Bitcoin continue to influence the market and highlight the importance of cryptocurrencies amid economic uncertainty.
