Saylor Ain't Leaving
One of Bitcoin's Biggest Advocates Just Upped His Position
Imagine owning 158,000 Bitcoin.
Michael Saylor and his company, MicroStrategy, now do. In the middle of all this flatline mess, the company added to its holdings, making a recent purchase of $147 million in the digital asset.
Whatever you think of Saylor, it’s a gutsy move for a company that basically is a Bitcoin holdings company these days. Saylor announced the acquisition on X Monday morning.
It follows the old adage about contrarian investing—to buy when people are selling and sell when people are buying.
And boy have people been selling.
Still, Bitcoin is maintaining its price above $25,000. Which means not everyone is selling. Plenty are still holding.
Including Saylor.
Plus…
The Crypto Connection is for entertainment purposes only and is not meant to be financial advice. Please do your own research before investing in any asset class. Sara Celi is not a financial advisor and holds several cryptocurrencies. To purchase her books on Amazon, please click here.