U.Today – Many cryptocurrency market participants have become accustomed to MicroStrategy CEO Michael Saylor’s posts about . As a well-known proponent of the first cryptocurrency, Saylor regularly posts on his social media accounts reiterating his bullish stance on the asset.
Sometimes they are serious and contain crucial information about Bitcoin. However, other times they are more of a meme and simply optimistic. This most recent example fits into the latter category.
In it, Michael Saylor, apparently using artificial intelligence, portrayed himself in front of the famous Wall Street bull and accompanied the image with the caption: “Every day I get more ₿ullish.” What could be more eloquent about how the CEO of Microstrategy (NASDAQ:) feels about Bitcoin?
However, Saylor’s words are backed up by his actions, as MicroStrategy is already one of the largest Bitcoin holders, holding 226,500 BTC, worth $13.68 billion. This is definitely not the end of the tech company’s buying spree, and as September approaches, we can expect a new purchase announcement from Saylor and company very soon.
Bitcoin or MSTR?
Meanwhile, Bitcoin is up 2.7% in today’s market, which has brought it back above $60,000 per BTC. The key price level was lost for some time recently, after Nvidia’s (NASDAQ:) report disappointed traders. As a beta for tech stocks, Bitcoin also lost ground, but we may see buyers still here. And Saylor is definitely one of them.
The funny thing is that while Bitcoin is falling as a beta for tech stocks, MicroStrategy MSTR stock has become a beta for cryptocurrency, considering the amount of cryptocurrency it holds, so much so that even miners like Vortex Brands are starting to acquire MicroStrategy stock as a strategic asset.
This article was originally published on U.Today
