U.Today – Michael Saylor, founder and CEO of business intelligence software giant MicroStrategy, has taken to his account on social media platform X (widely known in the past as Twitter) to communicate a message to the global cryptocurrency community.
This came as the world’s leading digital currency started to show signs of recovery, reclaiming the $60,000 level once again. Several hours before that, MicroStrategy made another large Bitcoin offer to its investors.
“Bitcoin on the move” – Michael Saylor
Saylor posted a tweet that reads “Running Bitcoin” and shows him as a soccer player running around the soccer field during a game wearing an orange uniform, the color of Bitcoin. The number on his jersey is 21, which refers to the supply of 21 million Bitcoin coins created by Satoshi Nakamoto.
Over the past few hours, Bitcoin has shown a recovery of about 2.76%, approaching the $60,000 price level. Before that, on Monday, BTC faced a substantial drop of 4.55% as it plummeted from $60,358, reaching the $57,600 zone.
On March 14 of this year, Bitcoin reached a new all-time high of $73,750. Currently, BTC is trading 19.55% below that level. This was the first time in Bitcoin’s history that it reached a new all-time price peak before an expected halving and not after that important event.
A few days ago, Saylor’s company announced the acquisition of another gigantic stash of 18 bitcoins, worth $1.1 billion in fiat currency. Following this purchase, MicroStrategy owns a total of 244,800 bitcoins valued at approximately $14,675,662,080. This amount of cryptocurrency makes up 1.17% of the total bitcoin supply of 21 million coins. The company now owns more bitcoins than most of the BTC spot ETFs launched in January.
MicroStrategy to issue more debt to get more Bitcoin
As previously reported by U.Today, Michael Saylor’s company has announced another offering of its convertible senior notes to raise an additional $700 million in order to increase its bet on the largest cryptocurrency, Bitcoin.
Investors will be able to convert these notes into MSTR shares at a later date and receive interest on them. Essentially, MicroStrategy started operating as a spot Bitcoin ETF before real funds of this type appeared and began trading on the market.
This article was originally published on U.Today
