- Michael Saylor warns Bitcoin holders they may regret not purchasing more, emphasizing Bitcoin’s future potential as a store of value.
- Under Saylor’s leadership, MicroStrategy has acquired 252,220 BTC, with shares soaring nearly 1,000% since the firm started investing.
- Bitcoin is currently trading at $67,803, rising 500% since MicroStrategy’s initial purchase, signaling ongoing confidence in its long-term value.
MicroStrategy chairman Michael Saylor is urging cryptocurrency holders to increase their Bitcoin holdings, warning they might regret not doing so. In a recent tweet, Saylor emphasized, “You are going to wish you had bought more Bitcoin,” advising the crypto community to act now before missing future opportunities. This statement reflects his long-standing belief in Bitcoin’s future potential as a reliable store of value.
MicroStrategy’s Massive Bitcoin Holdings
MicroStrategy, under Saylor’s leadership, has been one of the most vocal supporters of Bitcoin. Since 2020, the company has been consistently buying Bitcoin to hedge against inflation, amassing a total of 252,220 BTC by September 2024. The executive chairman himself is estimated to hold approximately $1 billion in Bitcoin, having personally acquired 17,732 BTC in the past. His refusal to sell these holdings further underscores his confidence in Bitcoin’s long-term potential.
Rising Market Value
At the time of Saylor’s statement, Bitcoin had risen by 1.22% in the past 24 hours, reaching $67,803, and surged 10.50% over the week. Despite being 8.07% below its all-time high of $74,000, Bitcoin has shown remarkable growth, with Saylor’s firm benefitting significantly from its investments. MicroStrategy’s shares have skyrocketed almost 1,000% since the company began acquiring Bitcoin. The premium value of MicroStrategy’s Bitcoin holdings recently hit a three-year high, indicating strong market confidence in its strategy.
Bitcoin’s Steady Growth
Bitcoin has appreciated over 500% since MicroStrategy started investing, and the cryptocurrency continues to gain traction. Saylor’s commitment to Bitcoin remains as strong as ever, with his consistent message of the cryptocurrency being a powerful hedge against inflation and an ideal store of value. His most recent statement serves as another push for individuals to consider buying or accumulating more Bitcoin before it becomes a missed opportunity.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
