Holy shit!
Michael Saylor is not stopping. He just keeps buying and buying Bitcoin like a drug addict. What a beast! A true believer and a man true to his ideals. It takes a lot of courage to make this bet with this level of conviction.
Today he published that Strategy (the company has renamed from Microstrategy to Strategy) has purchased 20k Bitcoin and it now hodls 500,000! With his own words:
Strategy has acquired 20,356 BTC for ~$1.99B at ~$97,514 per bitcoin and has achieved BTC Yield of 6.9% YTD 2025. As of 2/23/2025, we hodl 499,096 $BTC acquired for ~$33.1 billion at ~$66,357 per bitcoin. $MSTR
The best part is that we have a continuous flow of buyers, Strategy and other companies added Bitcoin to their balance sheet and their strategy. They are making buys no matter what price we are in. They use the dollar cost averaging strategy and they will not stop.
The worst part is that at the time of writing this words we are now below the $94,000 mark. Imagine the high pressure we are having from the sellers too.
We had the biggest hack event when Bybit got hacked and lost his ETH reserves. The CEO managed the situation very well and they are saying that are back on track. Some lenders helped Bybit with loans and they are able to repay it's debitors. They are also fully audited and it seems that the company is not at risk.
Another piece of news from Strategy is that they changed their profile picture for the bitcoin logo. Another sign of their true commitment to the hardest asset on earth. The sentiment in crypto twitter is at the bottom of the last year, people forget that we are still trading above $90,000 and that this kind of corrections are somehow normal even in bull markets.
Have a great day!
Posted Using INLEO