This time, the business man, using artificial intelligence, projected himself into a gladiatorial arena in a suit of armor with the Bitcoin logo and captioned it with the message “Step into the Arena.” One may translate it as Saylor’s invitation to the general public to join Bitcoin in the fight against inflation and for financial freedom.
Interestingly, all of this is happening while MicroStrategy’s (MSTR) stock is tearing up the price chart on its way to a new all-time high. Trading at $194.63 per share, MSTR has managed to break out of the multi-month consolidation that began in March of this year. MicroStrategy stock is up 13.91% since the beginning of October.
If, or rather when, it is breached, the next target for MicroStrategy will be the old all-time high of $333, set almost 24 years ago in March 2020.
The success for MSTR is well known and quite simple, as 252,220 BTC are comfortably sitting in the company’s Reserves, and with an average price of about $39,300, it has already made a profit of 59.7%, or about $5.93 billion.
This article was originally published on U.Today
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