Michael Saylor Says Bitcoin Doesn't 'Go To The Moon' Overnight — Strategy Chair Says There's Always A 'Delay' Michael Saylor, chair of Strategy Inc., emphasized on Thursday that Bitcoin purchases do not immediately result in price surges, noting there is always a "delay" between the time large entities acquire the cryptocurrency and when its value significantly increases. His remarks appeared as a lighthearted reminder on X, where he highlighted the gap between corporate Bitcoin investments and the eventual surge in its price. Saylor’s comment seemed to reinforce his ongoing encouragement for long-term holders, or "HODLers," to remain patient despite market fluctuations. He stated, "You know there's a delay between the time we buy the Bitcoin and the time Bitcoin goes to the moon," suggesting that the cryptocurrency’s growth is not instantaneous. This aligns with his previous advocacy for holding Bitcoin over short-term volatility. Strategy Inc. recently disclosed that it acquired 17,994 Bitcoin coins for $1.28 billion at an average price of $70,946, marking its 102nd Bitcoin purchase and the 11th consecutive week of accumulation. Despite this, the company holds unrealized losses of $3.35 billion on its Bitcoin holdings. However, Strategy’s market valuation stands at $47 billion, while its Bitcoin holdings are valued at $52.65 billion. This indicates that the company’s stock is trading at a discount to its net asset value. Saylor has defended Strategy’s business model, arguing that the company can sustain its operations even amid Bitcoin’s price swings. He claimed that as long as Bitcoin appreciates by 1.25% annually, Strategy can continue paying dividends to shareholders and enhance shareholder value. This stance underscores his confidence in the long-term potential of Bitcoin despite current market conditions.#bitcoin #x #michael_saylor #strategy_inc #hodlers
