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Michael Saylor Reacts to Bitcoin Topping $100,000 with ‘Strategy for Success’ Tweet
Strategy CEO Michael Saylor has recently taken to Twitter to share his thoughts on the current market trends. In a tweet that sparked immediate attention and debate, Saylor reacted to Bitcoin’s brief surges above $100,000.
The tweet in question reads: “You can’t outlast the competition if you don’t have the right strategy for success #Bitcoin”
It is worth noting that Strategy has been quite successful in its own ventures. Last year, the company issued and then sold 42,308,443 shares of class A common stock to raise funds for buying Bitcoin. This aggressive approach paid off as Strategy was able to generate over $15 billion from investors by the end of last year.
In addition to this, the company has been actively accumulating Bitcoins, having purchased a staggering 218,887 of them in the recent past at an aggregate cost of around $20.5 billion.
The company’s latest stock sale earlier this year generated another $2.4 billion, which further solidified its position as one of the largest Bitcoin holders.
Saylor’s tweet likely alludes to Strategy’s success in accumulating a large amount of Bitcoin while other investors are still struggling to get their heads around the market trends.
It is essential for individual investors and institutional investors alike to understand that Strategy has been able to capitalize on these trends thanks to its massive scale and aggressive approach.
Source: https://u.today/michael-saylor-reacts-to-bitcoin-topping-100000-with-strategy-for-success-tweet
