XRP lawyer John Deaton praises MicroStrategy\u2019s CEO Michael Saylor on the prior purchase of Bitcoin. Saylor has strongly supported investing a major portion of MicroStrategy\u2019s capital in Bitcoin<\/a>, a decision that has elicited both praise and condemnation.<\/p>\n Deaton acknowledges the polarizing nature of Saylor\u2019s strategy, stating:<\/p>\n <\/p>\n Whether you hate him or love him, agree or disagree with his Bitcoin strategy, Saylor must be feeling pretty damn good right now.\u201d<\/p>\n<\/blockquote>\n The statement came up as Bitcoin recently crossed $41,000, and huge fans are now looking for $45,000. In November, MicroStrategy purchased nearly $593.3 million in Bitcoin, the company\u2019s largest acquisition over three years.<\/p>\n According to November filling, MicroStrategy added 16,130<\/a> BTC to its holdings at an average price of $36,785 per Bitcoin. The total amount of MicroStrategy\u2019s bitcoin holdings is now over $6.5 billion. MicroStrategy has now become the largest institution to accumulate Bitcoin leaving Marathon Digital Holdings behind which holds 13,286 BTC coins.<\/p>\n <\/p>\n As Bitcoin jumps above $41K, MicroStrategy (MTSR) stock price<\/a> also rallied 8% with an increment of $40. Reacting to the same, Deaton alluded that MicroStrategy shareholders must also feel good.<\/p>\n As the cryptocurrency<\/a> crossed the $40,000 mark and continued its climb, Deaton expressed joy in witnessing the positive vibes within the crypto community.<\/p>\n In another X post signaling towards further Bitcoin pump, Deaton sarcastically said that he would be happier if Michael Saylor would invite him to his $100K party.<\/p>\n <\/p>\n Also Read:\u00a0<\/strong>Breaking: US Space Force Urges Bitcoin Adoption To US DOD, Cathie Wood And & Deaton Reacts<\/a><\/p>\n The whole crypto space is again ignited by Bitcoin\u2019s recent rally breaking the $41K mark. This rally comes after the recent rumors that spot Bitcoin ETFs will be approved by the SEC soon.<\/p>\n Reacting to the same, John Deaton praised the journey of Bitcoin\u2019s ups and downs in an X post. He mentioned all the crypto downturns from 2022 to 2023. Congratulating everyone he stated:<\/p>\n Congrats to everyone who held during a brutal bear market that saw FTX, Celsius, BlockFi, Voyager, 3AC, the SECGov, etc.<\/p>\n<\/blockquote>\n Sharing his investment insights with his followers, later Deaton talked about his Coinbase (COIN) stock purchase. Shedding light on the Coinbase (COIN)<\/a> shares 51-week low of $31, he revealed that he had acquired the COIN share between $40-$45. He also added more COIN to his portfolio later on June 30 and recommended buying Coinbase (COIN) shares<\/a>.<\/p>\n In another competitive space, Bitcoin has surpassed Berkshire Hathway\u2019s market cap with an astounding rise to $800 billion.<\/p>\n Also Read:\u00a0<\/strong>Bitcoin (BTC) Price Smashes Past $41,000 First Time in 18 Months, What\u2019s Next?<\/a><\/p>\n <\/p>\n \u2713 Share:<\/p>\nJohn Deaton On Saylor And MicroStrategy<\/h2>\n
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Crypto Market Goes Haywire on Bitcoin Price Jump<\/h2>\n
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