Yuri Molchan
Prominent Bitcoiner Michael Saylor has made a decisive statement and addressed the Bitcoin community
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Founder and former CEO of MicroStrategy, vocal Bitcoin advocate Michael Saylor, took to the social media platform to prevent further decline.
Meanwhile, small Bitcoin holders continue to sell BTC to gain access to the newly approved spot Bitcoin ETFs.
Michael Saylor is eager to stop the BTC price decline
Saylor tweeted to tell his followers and the entire Bitcoin community not to sell their BTC. The approval of spot Bitcoin exchange-traded funds by the Securities and Exchange Commission earlier this week has caused Bitcoin volatility, and the flagship cryptocurrency has fallen as many now sell to profit on the first price rise, and many do Sell to get free funds to invest in Bitcoin ETFs.
On Thursday, the price of the world's leading cryptocurrency rose 6.10% to reach a high of $48,711. Immediately after, Bitcoin plunged 6.78% to hit a low of $45,729.
MicroStrategy wants to raise more money to buy Bitcoin
While he was CEO in 2020, Saylor launched a Bitcoin-based course for MicroStrategy in August of that year as the company looked for a way out of the crisis. Under Saylor's orders, the company began regularly purchasing large chunks of Bitcoin and adding them to its balance sheet.
MicroStrategy has issued bonds several times to buy more Bitcoin. The latest BTC acquisition was announced about two weeks ago, when the company purchased an additional 14,620 Bitcoins worth $615.7 million between late November and late December 2023. As of December 27th, the company holds 189,150 BTC worth a whopping $8,666,777,340. According to Saylor's previous statements, his goal is for the company to acquire a total of 1% of the total circulating supply of Bitcoin.
MicroStrategy also wants to issue more bonds to raise another $750 million and increase its Bitcoin supply. Saylor only bets on Bitcoin and excludes other cryptocurrencies, even the second largest after Bitcoin, Ethereum.
In a recent tweet, another Bitcoin maximalist, Max Keizer, sent a shout out to Saylor to praise him for “pulling Bitcoin out of the S-Coin gutter” and “setting the stage for today's ETF approval.” have.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. He believes that blockchain and cryptocurrencies have the potential to change the world in many aspects of the future. He has written for several crypto media outlets. His articles have been quoted by crypto influencers such as Tyler Winklevoss, John McAfee, CZ Binance, Max Keizer, etc.
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