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Michael Saylor, CEO of MicroStrategy and entrepreneur known for his deep admiration for Bitcoin, issued a new post regarding the major cryptocurrency. Saylor, with his unconventional approach to social media, issues a post about Bitcoin every day, and sometimes they amuse or confuse, but the message is always the same - bullish on BTC.
This time, the business man, using artificial intelligence, projected himself into a gladiatorial arena in a suit of armor with the Bitcoin logo and captioned it with the message "Step into the Arena." One may translate it as Saylor's invitation to the general public to join
Interestingly, all of this is happening while MicroStrategy's (MSTR) stock is tearing up the price chart on its way to a new all-time high. Trading at $194.63 per share, MSTR has managed to break out of the multi-month consolidation that began in March of this year. MicroStrategy stock is up 13.91% since the beginning of October.
24 years later
The only visible ceiling for MSTR right now seems to be the $200 high that was set over six months ago.
If, or rather when, it is breached, the next target for MicroStrategy will be the old all-time high of $333, set almost 24 years ago in March 2020.
The success for MSTR is well known and quite simple, as 252,220 BTC are comfortably sitting in the company's Reserves, and with an average price of about $39,300, it has already made a profit of 59.7%, or about $5.93 billion.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Tomiwabold Olajide
Dan Burgin
Alex Dovbnya