U.Today – Michael Saylor, co-founder and former CEO of business software company MicroStrategy, logged into his official account on the social media platform X (formerly known as Twitter) to share another Bitcoin-themed message with his army of followers.
Saylor’s “Capitol” tweet.
Saylor posts such Bitcoin-related tweets every day, and this time he posted an AI-generated image of himself sitting on the steps leading up to the US Capitol building and saying, “Make Washington the #Bitcoin capital.”
The tweet comes just as the official US election day begins and the eyes of not only US cryptocurrency holders but the entire world are on it as everyone eagerly awaits the result.
Over the last 24 hours, the world’s flagship cryptocurrency, Bitcoin, has shown a price raise of 2.88%, rising from the $66,990 zone to the $68,790 level, where it is changing hands at the time of writing. However, overall, Bitcoin has struggled to break above its current price level over the past few days after losing the $71,330 level on Friday last week. Since then, BTC has lost a total of 3.5% and was desperately trying to regain the $70,000.
According to Saylor, the nine basic principles of MicroStrategy success
Over the weekend, Michael Saylor shared a tweet revealing nine key principles of the Bitcoin strategy that have catapulted the company to the top, with a market capitalization of $4.77 billion as of October 2024.
Since August 2020, when the company adopted a Bitcoin strategy of regularly accumulating BTC, as well as issuing debt to buy and hold even more Bitcoin, the MicroStrategy (MSTR) share price has seen a staggering raise of over 1,540%, outperforming the S&P 500 Index. which has since increased by 111%.
In his weekend tweet, Saylor wrote that MSTR “has had an exclusive relationship with $BTC,” implying that the company’s success is due to the key cryptocurrency.
These key principles include buying and holding Bitcoin “indefinitely and exclusively,” “structuring MSTR to outperform Bitcoin through smart leverage,” “issuing innovative fixed income securities backed by BTC,” and so on.
Last week, Saylor stunned the financial world by revealing plans to raise $42 billion over the next three years to buy more Bitcoin for the company.
