- Michael Saylor’s Strategy set to double their fundraising.
- The entity aims to raise $84 billion to buy more Bitcoin (BTC).
- This move shows Saylor’s ever growing faith in the Bitcoin mission.
It’s no secret that Michael Saylor and Strategy are one of the biggest Bitcoin advocates in the crypto market. Saylor believes in Bitcoin’s ability to reach a valuation of $10 million in the future. He has been encouraging everyone to buy and hold Bitcoin and is leading by example. Despite its vast Bitcoin (BTC) holding, Michael Saylor’s Strategy set to double their funding to raise $84 billion to buy more Bitcoin.
Michael Saylor’s Strategy Set to Buy More Bitcoin
Since the last bull cycle Michael Saylor, the founder of Strategy, then called MicroStrategy has been heavily buying Bitcoin without any signs of slowing down. Saylor is a huge believer in the potential of Bitcoin and expects a mighty shift in the financial world as we know it. In his eyes Bitcoin is meant to lead that shift and Strategy is accumulating as much Bitcoin as it can to secure its position among leaders in this new future.
Besides Saylor, several other financial institutions and visionary leaders are also heavily accumulating Bitcoin. Among institutions, despite BlackRock and other entities heavily accumulating Bitcoin (BTC), Strategy still has a mighty lead holding about 70% of the total collective Bitcoin holdings. Strategy’s lead comes second only to El Salvador, the nation that made Bitcoin a legal tender.
Saylor and Bukele Lead the BTC Mission
To highlight, El Salvador’s President, Nayib Bukele made Bitcoin a legal tender before the bullish phase of the previous bull cycle commenced. The country heavily accumulated Bitcoin and put the vast profits it gained to good use. It encouraged its people to hold Bitcoin by launching a local Bitcoin wallet and even used the geothermal power of its volcanoes to legally mine Bitcoin, further adding to its BTC success.
With visionaries like Bukele and Saylor leading the charge, more entities have entered the Bitcoin race. Given Trump’s establishing the US Strategic Bitcoin Reserve, the USA might be next. After all, in the Crypto White House Summit, Saylor encouraged President Trump to accumulate over 20% of the existing Bitcoin supply in order to gain a powerful lead once all Bitcoin is mined, becoming a greater scarce resource.
As always Saylor leads by example, despite repeatedly accumulating Bitcoin (BTC) during opportune price dips, Saylor continues to surprise the crypto community. In his latest statement, Saylor reveals that Strategy is doubling its fundraising to raise $84 billion to buy more Bitcoin, showing its ever growing faith in BTC and its mission to redefine the financial state as we know it.
