MicroStrategy’s Michael Saylor revealed the earnings release date and a live video webinar for Q2 2021. Check out Saylor’s tweet below.
— Michael Saylor (@michael_saylor) July 19, 2021
Here’s what the official notes are saying about the firm. “The MicroStrategy analytics platform is consistently rated as the best in enterprise analytics and is used by many of the world’s most admired brands in the Fortune Global 500.”
The notes also reveal their two corporate strategies: “We pursue two corporate strategies: (1) grow our enterprise analytics software business to promote our vision of Intelligence Everywhere and (2) acquire and hold bitcoin, which we view as a dependable store of value supported by a robust, public, open-source architecture untethered to sovereign monetary policy.”
People in the crypto space are calling Michael Saylor – Michael Saviour due to the fact that he keeps boosting Bitcoin.
His firm has been accumulating the king coin despite the massive volatility in the crypto space.
What drives Bitcoin bull markets
It’s been just revealed that the on-chain analyst Willy Woo said that there is a particular investor cohort that is driving the Bitcoin bull markets these days.
He is saying that small holders aka entities that are holding less than one BTC are4 continuously stacking Bitcoin as they are outpacing the selling of larger entities or whales.
Here’s what he said: “Chart: Weekly net flows to small holders (of less than 1 BTC). It’s retail that [drives] Bitcoin bull markets. When they stop buying, that’s a bear market warning. They haven’t stopped buying. Last 30 days: Whales sold [4,000] BTC, plebs [retail] bought [31,000] BTC.”
Regarding the price of Bitcoin today, at the moment of writing this article, BTC is trading in the red and the king coin fell below $30k. It’s priced at $29,864.35.