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Michael Saylor: HURRY UP. Bitcoin will hit $120K in the end of Month. BTC News!



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More Info: https://michael-saylor.com/

Saylor, after all, has made it crystal clear his company is not the equivalent of a crypto prop desk earning trading income from short-term fluctuations in Bitcoin’s price that could prove to be a systemic risk for the crypto community.

“[MicroStrategy] has 115,109 Bitcoin that it can pledge,” he tweeted, referring to his Q1 presentation and assuring fellow HODL (“hold on for dear life”) believers on Tuesday there were other ways of meeting obligations without a fire sale.

Thanks to reserves of 129,218 Bitcoin currently worth $2.9 billion on its balance sheet and roughly $4.1 billion at the going market price, MicroStrategy is the largest public holder of the cryptocurrency.

Saylor is positioning his company to investors as little more than an exchange-traded fund, with two key differences.

#btc #eth #cryptocurrency #microstrategy
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Cryptocurrencies
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