MicroStrategy’s Michael Saylor shared his opinion in a recent tweet as Bitcoin and crypto markets witnessed one of the worst crypto market crashes in 2024. Saylor tweeted an image of a diamond hand with a Bitcoin logo. He also tweeted the word ‘HODL,’ reassuring his stance amidst the market crash.
HODL pic.twitter.com/qIMam5yFaI
— Michael Saylor⚡️ (@saylor) August 5, 2024
Michael Saylor asks to ‘HODL’
Saylor has always been steadfast in his stance on his Bitcoin accumulation and HODL strategy. Despite the market’s ups and downs, Saylor has stated that he will never sell his Bitcoin stash. According to data from Saylortracker, MicroStrategy currently holds 226,500 BTC, which is worth $11.96 billion.
The latest purchase was on August 1, when the firm purchased 169 Bitcoin for $11.4 million. Even though Bitcoin is not performing at its best, the firm’s holdings are up by 42%, with a $3.5 billion profit on paper.
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CoinMarketCap data shows that the current crypto market is in the fear stage, as the crypto market cap fell as low as $1.78 trillion. This was primarily because of the recent market crash, which saw Bitcoin fall to the $49,000 level and Ethereum touch the $2,100 level.
However, despite the volatility, Saylor’s tweet suggests a hint of relief that diamond hands are going to HODL even if the market is dumping.
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Also Read: Ethereum tanks 21% amid Jump Crypto Sell-Offs
