Strategy, the self-styled Bitcoin treasury company that until recently was known as MicroStrategy, said it acquired $1.99 billion more of the cryptocurrency with the proceeds from last week’s convertible bond sale.
Despite the drop, MicroStrategy Chairman Michael Saylor remains unfazed. He has long been a vocal Bitcoin advocate and even joked about selling a kidney. In December, he dismissed fears about MicroStrategy’s Bitcoin-backed leverage,
Michael Saylor hinted at buying more Bitcoin as the price plunged below $89,000 for the first time in three months.
Robert Kiyosaki backs Michael Saylor’s Bitcoin prediction, claiming BTC could hit $13 million. He argues buying 0.01 BTC today is smarter than taking on student debt for an MBA.
Michael Saylor, the executive chairman of newly renamed Strategy, told his 4 million followers on social media network X to sell a kidney rather than sell their Bitcoin. Prices for the cryptocurrency have fallen about 13% over the past seven days.
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The Bitcoin price dropped less than 1% in the past 24 hours as smaller investors turn to this ICO offering free BTC.
Montana lawmakers rejected a bill proposing a strategic Bitcoin reserve even as Michael Saylor hinted at more BTC buying.
Strategy Inc. (NASDAQ:MSTR) co-founder Michael Saylor said Thursday that he met House Financial Services Committee Chair Rep. French Hill (R-AR) and discussed plans to make the U.S. the global leader in Bitcoin (CRYPTO: BTC).
Strategy co-founder Michael Saylor posted the Bitcoin chart that signals an impending BTC acquisition the following day after a one-week hiatus.
Strategy founder Michael Saylor said at the annual CPAC conference that the U.S. should seek to stockpile 20% of the Bitcoin supply.
Michael Saylor met with the SEC Crypto Task Force to discuss digital asset regulation, including token classification, compliance frameworks, and the future of Bitcoin.