Strategy chairman Michael Saylor, a vocal promoter of Bitcoin, stoked renewed chatter among crypto circles with his recent enigmatic tweet. Thursday’s message stating merely “Bitcoin is Calling” left many asking if a forthcoming significant purchase looms.
Strategy’s Shopping Spree On Bitcoin Goes Unabated In The Face Of Market Uncertainty
The company recently acquired 3,450 Bitcoin at a price of $285 million. This was done after a short one-week break from their consistent acquisition pattern. Strategy has been steadfast in its aggressive acquisition strategy despite the fact that nearly all of its crypto acquisitions since November 18 have been made at higher-than-current market prices, according to reports.
Saylor’s post might be a tease regarding another future purchase, given his history of sending such sarcastic remarks ahead of new acquisitions. The post also appeared to urge his 4.2 million followers to purchase BTC, which he has frequently called “the future of money.”
Bitcoin Bet Pays Off With Massive Stock Gains
Strategy’s shares have trounced the performance of America’s largest technology stocks, Saylor’s Wednesday filing showed. The crypto-focused firm has posted an astonishing 130% gain over the last year. These returns more than dwarf the returns of Tesla (57%), NVIDIA (30%), Apple (17%), Meta (4%), and Alphabet (2%).
Some top tech firms actually lost value during the same period. Amazon and Microsoft saw drops of 2% and 7% respectively. These comparisons highlight the significant rewards Strategy has reaped from its heavy crypto investment strategy.Saylor Continues Bold Bitcoin Claims
The chairman of Strategy has issued some provocative comments on BTC in recent weeks. Only two weeks ago, he asserted that the price volatility of the top crypto asset actually proves its utility instead of constituting a disadvantage.
When someone brought up Bitcoin’s link with risky assets, Saylor contended this is so because Bitcoin is “the most liquid, salable, and accessible asset on the planet.”
A day earlier than that remark, he underscored Bitcoin’s singular status among commodities by noting that there are no tariffs on it. His remark highlighted its digital nature and liquidity as central to what makes it functionally decentralized.
Saylor has established himself as one of Bitcoin’s most vocal proponents. His tweets tend to center on the fact that there are only 21 million coins in existence, which he recently referred to as “the most important number in finance.” He has also likened Bitcoin to chess, although the meaning behind this comparison wasn’t elaborated in coverage.
The chairman’s most recent statement comes as Strategy maintains its focus of continuing to buy Bitcoin for the long term, no matter what happens in the short term.
With the company’s shares outperforming technology giants and Saylor’s ongoing public support, most crypto observers are now looking to see if another significant purchase of crypto comes after his cryptic “calling” tweet.
Featured image from Getty Images/Joe Raedle, chart from TradingView
