Bitcoin advocate Michael Saylor said the cryptocurrency is “on sale” after its price slipped below $116,000 on Saturday. In a CNBC appearance earlier in the day, the billionaire predicted the token could rise about 30% a year for the next two decades, reiterating his long-term bullish stance. Later, Saylor’s privately held Strategy Inc disclosed it had acquired an additional 430 Bitcoins for roughly $51.4 million, according to a social-media post. The purchase lifts the firm’s stash to about 629,376 coins, equal to roughly 3% of the world’s circulating supply, and marks its latest step in converting excess cash into the digital asset. Saylor’s accumulation strategy, launched in 2020, has made his company one of the globe’s largest corporate Bitcoin holders. He signaled more buying could follow, posting the firm’s real-time Bitcoin tracker and telling followers he sees current market weakness as an opportunity to expand holdings.
🚨 BITCOIN BILLIONAIRE BUYS THE DIP: SAYLOR STRIKES AGAIN WITH $51M BTC HAUL Michael Saylor’s Strategy Inc has scooped up 430 more Bitcoins worth $51.4 million, doubling down as BTC dips below $116K. With 629,376 BTC now in its vault—over 3% of global supply—Saylor’s cryptic https://t.co/3ehKnoVtt8
SAYLOR BOUGHT MORE BITCOIN SEND CRYPTO HIGHER!! https://t.co/mPG70q62yk
"Bitcoin is on sale." - Michael Saylor https://t.co/6WMYUoWJKT