Many prominent figures have shifted from opposing cryptocurrencies, especially Bitcoin 
$62,960, to becoming staunch maximalists. Among the most notable are Michael Saylor and Donald Trump. Saylor has equated his company’s destiny with Bitcoin, amassing billions in wealth and actively pursuing further investments.
Saylor’s Bitcoin Strategy
Michael Saylor, who even renamed his company to Strategy, insists that he will continue to accumulate BTC. His goal is to acquire as much Bitcoin as possible, regardless of market fluctuations. To facilitate more purchases, he is issuing additional debt while diligently avoiding the liquidation price risks he faced in the past.
Following a recent acquisition, Saylor has indicated plans for further purchases. On February 10, he bought 7,633 BTC at a cost of $742 million, bringing his company’s reserves nearly to half a million. Currently, the holdings stand at 478,740 BTC, a significant figure considering the maximum supply of 21 million.
Major Players Show Interest in Bitcoin
Strategy is preparing for new BTC purchases by issuing $2 billion in bonds. Major financial institutions and even states are following this trend. According to SEC filings dated February 6, BlackRock increased its stake in Strategy by 5% for its clients, managing $11.6 trillion in assets. Twelve U.S. states, including Arizona and California, hold Strategy shares in their pension and treasury funds.
Considering these states own a total of $330 million in MSTR shares, the potential for growth is significant. Furthermore, many states are actively working on legal regulations to directly hold BTC and digital assets.
All these developments suggest that cryptocurrencies may not have reached their true peak yet.
