Data from CoinGecko shows that the price of Bitcoin climbed above $65,000 on Friday for the first time since the beginning of August and now hovers at $65,778.
Over the past day, the coin has increased by 3% to reach levels not seen in nearly two months, further recovering from a turbulent early September start that saw the price of the world’s largest crypto by market cap plummet to as low as $53,000.
True to his character, Michael Saylor, the Executive Chairman and co-founder of Nasdaq-listed Bitcoin development firm MicroStrategy, reacted to BTC’s bullish upswing.
Saylor’s Smashing Bitcoin Statement
Michael Saylor published a 2-minute animated video on Twitter (aka X), with the caption “Take Me to the Moon. #Bitcoin”. The video features a Bitcoin-only band of four members, the Maxis, performing their version of Frank Sinatra’s “Fly Me to the Moon” song.
Take Me to the Moon. #Bitcoinpic.twitter.com/YTBAUzVwaX
— Michael Saylor (@saylor) September 26, 2024
The song praised Bitcoin’s decentralized qualities, portraying the alpha crypto as a bank in cyberspace. It also touted Bitcoin as the only asset central bankers cannot debase.
The band says Bitcoin is the “only asset I dream of; I want more,” which clearly references Saylor and his unusually aggressive BTC accumulation strategy. Microstrategy started purchasing Bitcoin in 2020, adopting it as a reserve asset for its treasury. Since then, it has become the largest corporate reserve holder of Bitcoin, accumulating 252,220 BTC, worth roughly $16.5 billion at current prices. The company now owns nearly 1.2% of the total supply of Bitcoin that will ever be created.
The BTC investment move appears to be paying off: MicroStrategy’s stock has since rocketed higher, becoming a way for investors to gain exposure to Bitcoin without buying it themselves. Moreover, the firm is now sitting on unrealized BTC profits of almost $7 billion.
The Maxis further urged crypto investors to “HODL strong and HODL well” and never sell their holdings as Bitcoin will always ascend to the moon. Earlier this year, Saylor confirmed he doesn’t plan to sell any of MicroStrategy’s Bitcoin holdings anytime soon, or potentially ever, calling the premier crypto “the exit strategy.”
The tech entrepreneur earlier this month reiterated his belief that the asset will rocket up to a price of $13 million per coin over a 21-year period.
