Michael Saylor, who just left his position as CEO of the software firm MicroStrategy (MSTR) – Get MicroStrategy Incorporated Report, is still a firm supporter of bitcoin’s recovery.
His most recent tweets demonstrate that, despite the market meltdown, this evangelist’s conviction in the most well-liked cryptocurrency is unwavering. Since reaching an all-time high of $69,044.77 on November 10, Bitcoin (BTC) has lost about 68% of its value. According to information provider CoinGecko, BTC is now trading at around $22.375.99.
On September 12, Saylor tweeted to his 2.6 million followers, “Only #Bitcoin.”
He had issued an almost identical statement the day before, reiterating his commitment to the coin.
The millionaire remarked, “#Bitcoin Any Given Sunday.”
Even though Saylor is no longer the CEO of MicroStrategy, the 1989 company’s approach on bitcoin hasn’t altered. According to a recent regulatory filing, the company intends to issue and sell stock valued at up to $500 million.
This transaction will be carried out by the firm over a number of phases with the assistance of Cowen & Co and BTIG LLC. However, MicroStrategy omitted to mention the specific dates on which it plans to carry out the transactions. What’s remarkable is that MicroStrategy plans to spend a portion of the funds earned to keep making bitcoin investments.
To read our blog on “Here’s why miner surrender is actually good for Bitcoin,” click here.
