Strategy Chairman Warns Public Against Selling Bitcoin

Michael Saylor, the chairman of business intelligence and software firm Strategy, has advised investors against selling their Bitcoin (BTC). To substantiate his warning, he referred to an iconic movie based on Chuck Palahniuk’s bestselling “Fight Club.” Michael Saylor Continues to Advocate For Bitcoin Talking on X, Saylor shared an AI-generated image of himself looking like Tyler Durden, with no clothes on his back and a cigarette in his mouth. Noteworthy, Durden is the character played by Brad Pitt in the iconic movie “Fight Club.” Still within the dark picture frame, the silhouettes of other fight clubbers are faintly visible. He captioned this image, “You do not sell your Bitcoin,” obviously warning the global crypto community. Saylor’s statement comes from his strong advocacy for the flagship cryptocurrency, evident in his company’s aggressive Bitcoin acquisition tactics . Strategy currently ranks as one of the largest corporate holders of Bitcoin, amongst many others. Strategy Bitcoin Accumulation Fast-tracked by Trump’s Win According to CoinRise, the company purchased 376,571 BTC within nine months. This holding is worth approximately $43.2 billion at current Bitcoin market prices. Interestingly, these nine months fall within the time that Donald Trump won the election to become the President of the United States (POTUS). In other words, Strategy has more than doubled its Bitcoin holdings since last November. Before the US presidential election, it took Strategy more than four years to secure 252,220 BTC. Upon comparison of both seasons, it is clear that the business intelligence software firm has experienced a sharp acceleration compared to its earlier pace. Also, it suggests that the pro-crypto administration in the US has been instrumental to the adoption of Bitcoin and other digital assets. Strategy Boasts of 628,791 BTC in Holding Altogether, Strategy boasts a total of 628,791 BTC. Per CoinMarketCap data, BTC price is now at $115,142.55, with a 1.73% increase within the last 24 hours. This brings the total valuation of the company’s BTC holding to $72.4 billion. With such a large holding, Saylor has made it clear that Strategy has no plan to sell its BTC. Also, it intends to continue the buying spree. According to a Monday US Securities and Exchange Commission (SEC) filing, Strategy noted that it purchased 21,021 BTC over the past week. The recent purchase was worth $2.46 billion. The post Strategy Chairman Warns Public Against Selling Bitcoin appeared first on TheCoinrise.com .

Source: The Coin Rise