Michael Saylor, the co-founder and Executive Chairman of MicroStrategy — a publicly-listed firm that holds more BTC in its treasury than any other company— has shared a bullish statement as the premier cryptocurrency recorded its new all-time high price.
Saylor posted a Bitcoin-moon-themed post as BTC surged to over $106,000 on Sunday before retreating slightly.
Bitcoin Soars Above $106,000
The price of Bitcoin surged nearly 5% on Dec. 15 to print a new lifetime high above $106K. BTC topped out at $106,352 but has since retraced slightly to $105,764 at publication time, according to CoinGecko data. The top crypto asset is now up more than 149% in a year and 16.5% higher over a 30-day time frame.
The price jump came amid speculation that President-elect Donald Trump could issue an executive order establishing Bitcoin as a reserve asset on his first day of office on January 20.
“There’s potential to use a day-one executive order to purchase Bitcoin,” Strike CEO Jack Mallers said during a recent interview, adding that while it’s unlikely to be the size and scale of a staggering 1 million coins, it would be a massive position.
Notably, crypto-friendly senator Cynthia Lummis already introduced the Bitcoin Act of 2024 in July, proposing that the Treasury and Federal Reserve buy 200,000 BTC per year for at least five years, accumulating a whopping 1 million Bitcoin.
The BTC stockpile would be held for roughly 20 years, thus pulling 5% of the alpha crypto’s total supply from circulation.
Saylor’s Bullish Reaction
Reacting to Bitcoin’s fresh all-time high price mark, MicroStrategy’s Michael Saylor posted an AI-generated image of himself as an astronaut who landed on the moon and planted an orange flag with a BTC logo.
“I will see you on the moon. #Bitcoin,” Saylor stated.
Members of the BTC community responded to Saylor’s tweet positively, voicing their excitement and bullish fervor. “Moon mission confirmed. See you there, captain. #Bitcoin,” one wrote.
MicroStrategy has been purchasing Bitcoin since 2020. Saylor, the orchestrator of MicroStrategy’s Bitcoin investment strategy, believes the world’s largest crypto by market cap is the best long-term investment.
The Tyson, Virginia-based firm now holds 423,650 BTC — worth about $43.8 billion at the current price, according to Bitcoin Treasuries data.
Saylor has proclaimed that the firm won’t stop buying anytime soon, saying he’s “confident” he’ll still buy Bitcoin at $1 million.
