Strategy's Saylor Issues One-Word Verdict for Bitcoin
2025-07-16 14:44:45
Main Idea
Michael Saylor, executive chairman of Strategy, expresses confidence in Bitcoin with a one-word verdict 'Bitcoin Abides', as the company continues to accumulate Bitcoin, now holding 601,550 BTC worth approximately $71.3 billion.
Key Points
1. Michael Saylor posted 'Bitcoin Abides' dressed as 'The Dude' from 'Big Lebowski', signaling his unwavering support for Bitcoin.
2. Strategy now holds 601,550 BTC, valued at around $71.3 billion, with recent additions of 4,225 BTC as of July 14, 2025.
3. The company's cost basis for Bitcoin is $71,269 per coin, and its BTC holdings represent about 57% of its market cap.
4. Bitcoin is trading near all-time highs, just under $119,000, after a mid-tight near $120,000.
5. Saylor's Bitcoin campaign is described as legendary, with the company showing significant profit from its Bitcoin investments.
Description
Strategy's CEO Michael Saylor channels his inner dude from "Big Lebowski" in new one-word Bitcoin verdict
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