U.Today – Advocate Michael Saylor delivered an important message to the BTC community on his social media giant X account. This reveals the goal that all companies building Bitcoin Reserves and Spot Bitcoin ETFs are pursuing in terms of daily BTC. production.
Saylor exposes Bitcoin
Saylor's message made it clear that all of the aforementioned organizations are targeting the daily portion of Bitcoin produced by miners. MicroStrategy's founder and executive chairman tweeted, “We're all competing for $45 million in #Bitcoin mined every day.”
Curiously, earlier this week, Samson Mo, CEO of JAN3, another big Bitcoin proponent and maximalist, announced that miners will soon stop selling the BTC they mint. He said he expected to die. He urged the market to prepare for that and plan to accumulate Bitcoin.
Earlier this week, Saylor commented on a warning tweet about Bitcoin published by Binance founder CZ. Changpeng Zhao warned that more than 19 million Bitcoins out of 21 million Bitcoins have already been mined. Saylor tweeted that Bitcoin is becoming scarce in the crypto space.
Michael Saylor emphasizes that MSTR will outpace Bitcoin growth
In a tweet published on Saylor's X account earlier today, MicroStrategy's executive chairman shared an infographic showing an annualized graph of asset performance over the past four years.
In this infographic, MicroStrategy's stock outperformed not only Bitcoin, but also the likes of the Magnificent 7 and the S&P 500. MSTR showed a 124% growth, while Bitcoin showed a 64% rise. The Magnificent 7 rose 31%, while the S&P 500 accounted for 15% of the gain. Real estate rose 10% and gold rose 7%. Bonds fell, dropping 5% into the red zone.
MSTR has grown primarily thanks to the company's regular Bitcoin acquisitions since August 2020, as well as its recent issuance of senior convertible notes. This allowed MicroStrategy to raise billions of dollars and use the proceeds to buy more Bitcoin.
The company currently holds a total of 2% of the total Bitcoin supply of 21 million coins. This equates to 423,650 Bitcoins (worth approximately $41.5 billion).
Today, Bitcoin initially fell by 3.14%, dropping from $102,530 to $99,315 levels. A modest rally followed, with the world's largest cryptocurrency returning to $100,700.
This article was originally published on U.Today
