U.Today – Michael Saylor, executive chairman of MicroStrategy, recently tweeted about , which has sparked interest in the crypto community. “We only have winners on Team Bitcoin,” Saylor declared. The upbeat message came as Bitcoin (BTC) regained the $71,000 level after falling below $69,000 earlier in today’s trading session.
His latest tweet, calling Bitcoin holders “winners,” reflects his confident attitude and indicates his confidence in BTC’s long-term value despite recent market volatility.
Bitcoin pared some losses after two days of declines, hitting an intraday high of $71,596 on Friday after falling to $68,777.
Bitcoin fell after failing to break the record high of $73,750 reached in mid-March, having just hit a high of $73,600 during Tuesday’s session. The sell-off continued during Thursday’s trading session, with prices of cryptocurrencies and related stocks falling across the board as investors looked to cut long positions after huge gains.
As Bitcoin has returned to the $71,000 level, the market remains confident that up-to-date all-time highs will be in sight if the current momentum continues.
Bitcoin Holdings at MicroStrategy
MicroStrategy’s Bitcoin investment is currently one of the largest BTC investments by a publicly traded company, totaling 252,220 Bitcoins at the end of September.
Not one to rest on its laurels, MicroStrategy recently revealed that it had hired banks to assist it raise $42 billion by selling additional shares and fixed income to buy more Bitcoin after a flurry of deals last year.
The enterprise software company announced plans to sell a record $21 billion worth of up-to-date shares to add to its Bitcoin hoard, paving the way for a program that will far exceed the milestone set by Elon Musk’s Tesla (NASDAQ:) four years ago.
Over the past year, the company has raised billions by selling convertible bonds and shares that bankers can sell on the market to boost their cryptocurrency holdings.
