U.Today – Bitcoin Proponent Michael Saylor's Message

Bitcoin proponent Michael Saylor has addressed the BTC community on social media with an important message regarding the goals of companies building Bitcoin reserves and spot Bitcoin ETFs.

Saylor Makes Bitcoin Revelation

Saylor's message revealed that these entities are competing for the daily Bitcoin portion produced by miners. MicroStrategy’s founder tweeted: “We are all competing for $45m in #Bitcoin mined daily.”

Interestingly, earlier this week, another Bitcoin supporter, Samson Mow, CEO of JAN3, expressed his belief that miners will soon stop selling the BTC they mint, urging the market to prepare for this change.

Additionally, Saylor reacted to a warning tweet from Binance founder CZ, who pointed out that over 19 million out of 21 million Bitcoin have already been mined. Saylor echoed this, stating that the crypto space is running out of Bitcoin.

Michael Saylor Highlights MSTR Surpassing Bitcoin's Growth

In a recent tweet, Saylor shared an infographic showcasing the annualized asset performance over the past four years. It showed that MicroStrategy's stock outperformed Bitcoin, as well as the Magnificent 7, the S&P 500, and more. MSTR experienced a growth of 124%, while Bitcoin increased by 64%. The Magnificent 7 saw a 31% rise, and the S&P 500 rose by 15%. Real estate increased by 10%, and gold saw a 7% rise, while bonds dropped by 5%.

MicroStrategy has largely grown due to regular Bitcoin acquisitions since August 2020 and recent emissions of senior convertible notes, raising billions for more Bitcoin purchases. The company now holds 2% of the total 21 million Bitcoin supply, equating to 423,650 Bitcoin valued at approximately $41.5 billion.

Today, Bitcoin initially dropped by 3.14%, falling from $102,530 to $99,315, before rising slightly back to $100,700.

This article was originally published on U.Today