tl;dr
Bitcoin evangelist Michael Saylor comments on the 7.11% Bitcoin crash, suggesting it's a great opportunity to buy. The crash was influenced by various factors, including Trump's tariffs, market liquidations, and outflows from Bitcoin ETFs, as well as Elon Musk's demands for reports from federal agen...
Bitcoin experienced a 7.11% crash, dropping from $95,610 to $88,820, presenting a buying opportunity. The crash was influenced by various factors, including Trump's tariffs, market liquidations, and outflows from Bitcoin ETFs, as well as Elon Musk's demands for reports from federal agency employees. Michael Saylor's company, Strategy, acquired 20,356 Bitcoins for $1.99 billion and aims to surpass holding 500,000 Bitcoins, currently holding 499,096 BTC worth roughly $33.1 billion.
Michael Saylor, the co-founder and executive chairman of Strategy, suggested that the Bitcoin crash presents a great opportunity to buy the leading cryptocurrency while cheap. The crash was driven by Donald Trump's upcoming tariffs, massive market liquidations, outflows from spot Bitcoin ETFs, and Elon Musk's demands for reports from federal agency employees, including the Federal Reserve staff.
In response to the dip, Michael Saylor's company, Strategy, acquired 20,356 Bitcoins for $1.99 billion, paying roughly $97,514 for one BTC, after completing a $2 billion offering of senior convertible notes to institutional investors. Currently, Strategy holds 499,096 BTC worth roughly $33.1 billion and aims to surpass holding 500,000 Bitcoins.