Michael Saylor, CEO of MicroStrategy and a vocal advocate for Bitcoin, recently posted a striking message on social media, reinforcing his bullish stance on the cryptocurrency. Using artificial intelligence, he depicted himself in a gladiatorial arena, clad in armor adorned with the Bitcoin logo, captioned “Step into the Arena.” This imagery seems to invite the public to join the fight against inflation and pursue financial freedom through Bitcoin.
This post comes at a time when MicroStrategy’s stock (MSTR) is experiencing significant gains, trading at $194.63 per share. The stock has broken out of a multi-month consolidation phase that began in March, rising 13.91% since the start of October. The immediate resistance appears to be the $200 level, with analysts eyeing a potential return to the all-time high of $333 set in March 2020.
MicroStrategy’s success is bolstered by its substantial Bitcoin holdings, totaling 252,220 BTC acquired at an average price of about $39,300. This investment has already yielded a profit of 59.7%, or approximately $5.93 billion, positioning the company favorably as it continues to advocate for Bitcoin.
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