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Michael Saylor, Bitcoin proponent and executive chairman of Bitcoin treasury company Strategy, has taken to his account on the X social media platform to send a bullish BTC message to the cryptocurrency community today.
His X post came out as the world’s flagship cryptocurrency, Bitcoin, is floating slightly below $110,000, striving to surpass this price level. In his Bitcoin tweets, Saylor continues to make references to America’s mass culture, and Hollywood blockbusters in particular.
"Let's go faster," Saylor tweets
Saylor published an image generated by AI, on which he is wearing a fighter pilot outfit with orange BTC symbols on it. On the one hand, it indicates Saylor’s aggressive push to integrate Bitcoin into his company’s corporate strategy by accumulating more BTC. On the other hand, the picture and his caption suggest his bullish stance on the Bitcoin price.
Overall, in this image Saylor looks similar to Tom Cruise's character in the classic “Top Gun” movie and its recent sequel, “Top Gun: Maverick.”
Experts believe that the current surge of Bitcoin above $109,000 is likely due to the increase of the M2 money supply in the EU and the U.S. The second driver is the continuous institutional adoption of BTC as spot ETFs and Bitcoin treasury companies, including Strategy, Metaplanet and others, continue to accumulate the world’s bellwether cryptocurrency.
848,902 BTC held by Bitcoin treasury companies
According to a recent report published by CryptoQuant, there are 51 companies accumulating BTC to hold it in its treasuries. They now hold 848,902 Bitcoin in total. However, more than half of that BTC amount is owned by Strategy single-handedly.
Metaplanet comes fifth on the list after it, with 13,350 Bitcoins in its treasury. The report states that converting a public business into a Bitcoin treasury company is 2025 hype and a trend that is only going to escalate in the near future. These companies are copying Strategy’s playbook as they issue securities to raise funds and use the proceeds to accumulate Bitcoin.
On July 1, Michael Saylor announced that Strategy had reached an amazing $4.4 billion BTC gain in the second quarter of this year equal to 41,407 Bitcoin. This gain (a 7.8% Bitcoin yield) was generated by the company’s stock – MSTR. As for the year-to-date Bitcoin yield, it constitutes 19.7%.
Vladislav Sopov
U.Today Editorial Team