Once upon a time, in a land not so far away, there lived a man named Michael Saylor, the executive chairman of Strategy and the loudest Bitcoin cheerleader this side of the moon. Today, he decided to let a single, magical word do all the talking. Dressed like “The Dude” in a cozy robe, he posted a picture with a caption that could only be described as pure genius: “Bitcoin Abides.”
Now, you might be wondering, “Why now, Mr. Saylor?” Well, my dear reader, it’s not just any old time. Bitcoin is currently floating just under $119,000, flirting with new all-time highs after a mid-June breakout that turned the market on its head. The price is holding tight near $120,000, making Saylor’s message more of a reassuring nod than a wild prediction. And let’s not forget, the numbers back it up!
The latest figures reveal that Strategy now boasts a whopping 601,550 BTC, which is roughly $71.3 billion. Since June 1st, they’ve been on a buying spree, adding over 20,000 coins every week, except for the occasional week when they decided to take a breather. The most recent update, dated July 14, shows another 4,225 coins added, just as Bitcoin started testing the $120,000 mark again. 🚀
Bitcoin Abides
— Michael Saylor (@saylor) July 16, 2025
With a cost basis of $71,269 per coin, Strategy is sitting on a 66% paper gain, making their BTC holdings worth about 57% of their market cap. In other words, Saylor is far from being just a “dude” with almost $50 billion in profit. 🤑
Though Saylor didn’t elaborate on his post, the message is crystal clear: this is not just a trade. With Strategy vacuuming up the Bitcoin market in recent weeks and the cryptocurrency holding strong near its peak, “abides” is more than just a meme reference—it’s a strategy. 🤔
Skeptics and optimists might have different ideas about how this all plays out, but one thing’s for sure: Saylor’s Bitcoin campaign is now as legendary as the movie he referenced in his post. So, whether you’re a believer or a doubter, you can’t deny that this is one wild and wonderful ride! 🎢
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2025-07-16 17:32