The co-founder of Strategy, Michael Saylor, posted a tweet referring to Bitcoin as "digital energy," expressing his confidence in its transformative potential as a store of value. Under Saylor's direction, Strategy has been aggressively acquiring Bitcoin, recently purchasing 20,356 Bitcoin at an average price of approximately $97,514. Strategy now holds 499,096 Bitcoins, acquired for about $33.1 billion. The market is currently retesting a zone between $70,000 and $88,000, and further declines could result in increased volatility and sell pressure. On-chain analytics indicate that February 2025 was the worst February for the crypto market in the past decade, leading to questions about the potential for a recovery in March.
Content Editor ( u.today )
- 2025-03-02
Strategy's Michael Saylor Compares Bitcoin to 'Digital Energy': Details
