Michael Saylor, the chairman of Strategy and a prominent advocate for Bitcoin in the cryptocurrency sector, recently made an unexpected remark.
Typically known for his frequent updates on Bitcoin purchases and sharing news related to $BTC, Saylor took a different approach this time.
He announced that he is “currently acquiring Bitcoin,” prompting his followers with the question, “Are you also buying?”
Recent statistics reveal that Michael Saylor’s firm, Strategy, possesses a total of 720,737 $BTC, valued at approximately $49.03 billion. However, due to the recent decline in Bitcoin prices, Saylor’s investments have started to show losses amounting to $5.53 billion—roughly 10%—as of this writing.
Despite this downturn in $BTC‘s value, official statements suggest that Strategy should remain financially stable as long as prices do not plummet below $8,000. Conversely, some analysts argue that the critical threshold is closer to $20,000.
*This content does not constitute investment advice.