U.Today – Many cryptocurrency market participants have become accustomed to MicroStrategy CEO Michael Saylor’s posts regarding . As a known proponent of the first cryptocurrency, Saylor regularly posts on his social media accounts reiterating his bullish stance on the asset.
Sometimes they are solemn and contain some key information about Bitcoin. Other times, however, they are more like memes and simply bullish. This last example fits into the latter category.
In it, Michael Saylor, apparently using artificial intelligence, depicted himself in front of a famed Wall Street bull and captioned the photo: “I’m getting more optimistic every day.” What could be more telling about what the CEO of Microstrategy (NASDAQ:) thinks about Bitcoin?
However, Saylor’s words are backed up by his actions, as MicroStrategy is already one of the largest Bitcoin holders, with 226,500 BTC, worth $13.68 billion. This is definitely not the end of the buying from the tech company, and as September approaches, we can expect another buying announcement from Saylor and company soon.
Bitcoin or MSTR?
Meanwhile, Bitcoin is up 2.7% in today’s market, which has seen it return above $60,000 per BTC. A key price level has been lost for a while now, after Nvidia’s (NASDAQ:) report disappointed traders. As a beta tech stock, Bitcoin has also lost ground, but we can see that buyers are still here. And Saylor is definitely one of them.
The comical thing is that while Bitcoin is falling as a beta compared to tech stocks, MicroStrategy’s stock, MSTR, has become a beta cryptocurrency itself, given how much of the cryptocurrency it owns — so much so that even miners like Vortex Brands are starting to acquire MicroStrategy stock as a strategic asset.
