MicroStrategy's co-founder and the biggest Bitcoin (BTC) supporter, Michael Saylor, once again revealed his belief in Bitcoin. As the BTC price dropped to around $108,100, he left an encouraging message saying, "We must fight for Bitcoin".
Through a tweet with an image borrowed from a classic fighting game concept, he featured MicroStrategy and the Japanese listed company Metaplanet as virtual competing characters. In the game image, each company's Bitcoin holdings were set at 597,325 BTC for MicroStrategy and 13,350 BTC for Metaplanet, expressed as each character's health points.
The image was originally posted by Metaplanet's representative Simon Gerovich, created as a witty response to Michael Saylor's previous joke about "And then we fight" when Metaplanet became the second-largest holder. Saylor retweeted it and added the phrase "If we fight, fight for Bitcoin", demonstrating a strong will.
This 'mental competition' on social media is also connected to the actual actions of both companies. Both companies announced additional Bitcoin purchases this Monday. MicroStrategy purchased 4,980 BTC, spending approximately $538.57 million, while Metaplanet bought 1,005 BTC for about $108.11 million.
This symbolic competition between major Bitcoin holding companies is sending a strong message to the entire market. Even as the price declined from $108,925 to $108,100, major investors are aggressively increasing their holdings.
Recent Bitcoin market analysis suggests that while experiencing short-term adjustments, long-term demand remains solid. Saylor's statements and MicroStrategy's aggressive purchases are interpreted as a signal that institutional trust in Bitcoin remains strong despite the depressed atmosphere.
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