Bitcoin Soars to $67,300, Michael Saylor Reacts

Bitcoin Soars to $67,300, Michael Saylor Reacts

Michael Saylor’s Bitcoin Advocacy and MicroStrategy’s Strategic Investments

Michael Saylor, co-founder of MicroStrategy and a prominent Bitcoin advocate, recently took to social media to share a bullish sentiment on Bitcoin. This came in the wake of Bitcoin’s sudden surge by 6%, pushing its price beyond $67,000.

Bitcoin’s Surge and Saylor’s Perspective

Saylor highlighted Bitcoin’s impressive performance over the last four years by publishing a diagram comparing Bitcoin’s growth to other major financial assets. Since August 2020, when MicroStrategy began its systematic Bitcoin accumulation, the cryptocurrency has seen a 460% increase. In comparison, the S&P 500 and Nasdaq indexes rose by 64% and 62%, respectively. Traditional assets like gold and silver have seen modest increases of 21% and 8%, while bonds have declined by 19%.

Saylor’s bullish outlook is encapsulated in his tweet, “If you’re not winning, you’re losing. #Bitcoin.” MicroStrategy’s consistent Bitcoin purchases have resulted in the company holding 226,331 BTC, valued at approximately $7.538 billion. The company’s most recent acquisition was in June, when they raised $700 million through the issuance of convertible senior notes to buy more Bitcoin.

Earlier in the year, MicroStrategy conducted a similar fundraising campaign in March, raising $500 million for additional Bitcoin purchases.

MicroStrategy’s Market Performance

In a tweet earlier this year, Saylor noted that over the same four-year period, MicroStrategy’s share price has skyrocketed by 1,203%. This growth outpaces even Nvidia, whose shares increased by 1,050%, and significantly surpasses Tesla’s 167% increase. MicroStrategy has also outperformed tech giants like Apple, Google, Microsoft, and Meta. As of now, MicroStrategy’s stock (MSTR) is trading at $1,768.

Bitcoin’s Recent Price Movement

Bitcoin’s recent surge to $67,300 was influenced by news of a global outage affecting Microsoft IT systems, which was linked to issues experienced by cybersecurity provider CrowdStrike. Despite this surge, Bitcoin’s price has since slightly retracted to around $66,660.

Investment Considerations

For investors considering MicroStrategy, Investing.com’s ProPicks highlights six model portfolios that identify top stocks with potential for significant returns. Whether MSTR is a part of these recommendations remains a consideration for investors looking to capitalize on market opportunities.


This article summarizes key points from Michael Saylor’s recent social media activity and MicroStrategy’s strategic Bitcoin investments. It also provides context for Bitcoin’s recent price movements and considers investment perspectives on MicroStrategy’s stock.

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