Michael Saylor, CEO of MicroStrategy and entrepreneur identified for his deep admiration for Bitcoin, issued a brand new publish concerning the key cryptocurrency. Saylor, along with his unconventional method to social media, points a publish about Bitcoin day by day, and generally they amuse or confuse, however the message is all the time the identical – bullish on BTC.
This time, the enterprise man, utilizing synthetic intelligence, projected himself right into a gladiatorial enviornment in a go well with of armor with the Bitcoin brand and captioned it with the message “Step into the Enviornment.” One could translate it as Saylor’s invitation to most of the people to affix
Step into the Enviornment. #Bitcoin pic.twitter.com/hfDf2QrwaC
— Michael Saylor⚡️ (@saylor) October 8, 2024
Curiously, all of that is occurring whereas MicroStrategy’s (MSTR) inventory is tearing up the worth chart on its solution to a brand new all-time excessive. Buying and selling at $194.63 per share, MSTR has managed to interrupt out of the multi-month consolidation that started in March of this yr. MicroStrategy inventory is up 13.91% for the reason that starting of October.
24 years later
The one seen ceiling for MSTR proper now appears to be the $200 excessive that was set over six months in the past.
If, or slightly when, it’s breached, the subsequent goal for MicroStrategy would be the previous all-time excessive of $333, set nearly 24 years in the past in March 2020.
The success for MSTR is well-known and fairly easy, as 252,220 BTC are comfortably sitting within the firm’s Reserves, and with a median value of about $39,300, it has already made a revenue of 59.7%, or about $5.93 billion.
