One Of The Greatest Financial Moves Of All Time: MicroStrategy Owns108,992 Bitcoin
MicroStrategy’s Michael Saylor has been one of the most important Bitcoin supporters. His firm has been buying the king coin despite the massive market volatility, and he’s been boosting the coin like there’s no tomorrow...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
MicroStrategy’s Michael Saylor has been one of the most important Bitcoin supporters.
His firm has been buying the king coin despite the massive market volatility, and he’s been boosting the coin like there’s no tomorrow.
Now, Kraken’s Dan Held dropped a very relevant tweet:
MicroStrategy owns 108,992 #Bitcoin
This will go down as one of the greatest financial moves of all time.
— Dan Held (@danheld) September 10, 2021
Someone posted: “The quadrillionaires are coming. There will be a “trillionaire class” like the billionaires are now. Billionaires will be rich, millionaires are already replacing the middle class…. Then there will be the poor. Even poorer than ever. As always…”
Another follower said: “At least you can say he has gained alot of experience and with countries adopting bitcoin this bet seem way to easy to win.”
Saylor also shared the following tweet:
#Bitcoin is spreading like #Lightning⚡️. https://t.co/lyTp36oyDI
— Michael Saylor⚡️ (@michael_saylor) September 10, 2021
He also posted a message about Bitcoin miners and said that they are making Bitcoin stronger as they raise capital, recruit talent, build facilities, upgrade technology, join communities, support the local economy, secure the network, mine bitcoin, and hodl it on their balance sheets.
Bitcoin is the crypto marketAs you probably know by now, Bitcoin crashed by more than 10% a few days ago, but bullish people on crypto Twitter said that definitely, El Salvador is buying the dip. And so did other bulls in the crypto space.
At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $45,125.78.
Bitcoin adoption has also been going great. Forbes recently posted a piece about the BTC adoption in the country and said that the fast-food giant McDonald’s has started accepting BTC as a form of payment in El Salvador after the country became the first to adopt the cryptocurrency as legal tender.
The post One Of The Greatest Financial Moves Of All Time: MicroStrategy Owns108,992 Bitcoin first appeared on CryptoGazette - Cryptocurrency News.Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
Michael Saylor Defines Bitcoin’s ‘Most Profound Breakthrough’
Michael Saylor says bitcoin’s defining advance is converting economic energy into digitally controlled value for people, companies...
The US approved high-leverage Bitcoin trading while crypto founders remain legally blocked from raising funds
On May 29, the CFTC approved a Bitcoin perpetual contract for a regulated US exchange. Almost three months later, on Aug. 18, the...
Bitcoin hits $80,000’s doorstep just as the ETF bid disappears for the weekend
Bitcoin enters the weekend within striking distance of $80,000, registering an intraday high at $79,500 on Aug. 21. The move caps...
As foreign investors dump $29 billion in Treasury bills, Washington pivots to stablecoin issuers to back US debt
Foreign investors sent a net $133.5 billion into US financial markets in June. During the same month, they sold $29 billion of Tre...
Ethereum hits new all-time high, surpassing its 2021 peak on Coinbase
Ethereum's surge highlights evolving market dynamics, with institutional interest and macroeconomic factors potentially sustaining...
HYPE Hits $82 Record High While Multicoin Moves $20M to Coinbase
Hyperliquid’s native token HYPE touched a fresh all-time high above $77 at the same time venture firm Multicoin Capital kept shuff...