U.Today – Michael Saylor, CEO of MicroStrategy and an entrepreneur known for his deep admiration for , has published a novel post regarding the major cryptocurrency. Saylor, with his unconventional approach to social media, publishes daily posts about Bitcoin that are sometimes amusing or confusing, but the message is always the same – growth in BTC.
This time, the businessman, using artificial intelligence, rushed into the gladiatorial arena in armor with the Bitcoin logo and signed it with the message “Enter the arena”. This can be translated as Saylor’s invitation to the general public to join Bitcoin in the fight against inflation and for financial freedom.
Interestingly, all this is happening as MicroStrategy (MSTR) stock is climbing the price chart on its way to a novel all-time high. At a price of USD 194.63 per share, MSTR managed to break out of many months of consolidation that began in March this year. MicroStrategy shares are up 13.91% since the beginning of October.
24 years later
The only ceiling currently apparent for MSTR appears to be the $200 high that was set over six months ago.
If, or rather when, it is breached, MicroStrategy’s next target will be the aged all-time high of $333, set almost 24 years ago in March 2020.
MSTR’s success is well known and quite basic, as 252,220 BTC sits comfortably in the company’s reserves, and with an average price of around $39,300, the company has already made a profit of 59.7%, or approximately $5.93 billion.
