Bitcoin advocate and Strategy’s co-founder Michael Saylor has reignited conversation across the crypto space following a bold post shared on his official account. His tweet, paired with a dramatic AI-generated image, showed him styled as a boxer in a ring, wearing orange gloves and sitting confidently ahead of a fight.
According to Saylor, “Sometimes you need to fight for Bitcoin.” The visual and caption were widely interpreted as a call to remain firm amid market volatility. His message was sent just after Bitcoin suffered a 2 percent drop after recent rallies shot it above $108,860.
Bitcoin advanced more than 4,000 during a brief bullish period between Sunday and Monday. Nevertheless, the top digital currency depreciated to a level of 106,480 by Monday afternoon, stirring up mixed sentiments among community members. Some were excited, seeing the dip as an entry chance, while others were concerned.
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Strategy Moves Swiftly to Accumulate During Price Weakness
Amid this market retreat, Strategy made headlines with another major Bitcoin acquisition. The company, led by Saylor, confirmed the purchase of 10,100 BTC for approximately $1.05 billion. This transaction was completed during the brief dip when Bitcoin traded at around $104,080.
Marking one of its most significant weekly purchases, the recent acquisition also reflects Strategy’s continued trust in Bitcoin despite the price fluctuation. This brings the total amount of Bitcoin that Strategy owns to 592,000 BTC.
The firm disclosed that it has spent a whopping 41.84 billion dollars on Bitcoin. Using the current trading price, such holdings are now valued at more than 63 billion dollars, indicating huge profits realized.
In its latest performance update, Strategy also posted a 2021 year-to-date performance of over 19 percent on its Bitcoin position. This steady performance highlights its ambitious plan to expand digital asset reserves.
The two, the tweet and the billion-dollar purchase, were met positively by the community. The symbolic post receipt, as well as the recent move of Strategy, consolidates Saylor further as one of the most prominent Bitcoin investment voices in an institution.
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