Michael Saylor, the founder of Strategy, recently invited Joe Rogan for a conversation about Bitcoin, ahead of announcing that Strategy made a $75 million Bitcoin purchase. In a short tweet, Rogan, known for his popular podcast, ‘The Joe Rogan Experience’, asked his followers, “Who’s one guest you’d love to see Joe Rogan interview that he hasn’t had on yet?”
Michael Saylor responded in the comment, “Hey Joe Rogan, let’s talk about Bitcoin.” A lot of users couldn’t agree more. One fan wrote, “This interview will shatter the internet.” It came right after the founder tweeted that his company bought 705 Bitcoins more, marking its eighth straight week of purchase.
According to the latest post by Saylor, this latest purchase was made between May 26 and June 2 at an average buying price of $106,495. With this, the software company now has a total holding of 580,955 BTC valued at about $60 billion.
So far, strategy has spent around $40.68 billion in total on Bitcoin, with an average cost of $70,023 per coin. This gives it an unrealized profit of nearly $20 billion which is a 16.9% return from its Bitcoin strategy. This new purchase was made possible after Strategy sold around $74 million by selling 353,511 shares of STRK and 374,968 shares of STRF.
Meanwhile, this was just days after it acquired 4020 BTC for $427 million at an average price of $106,237 Bitcoin. But despite the rich outlook, the market had given a mixed reaction.
A few minutes after the news, MSTR stock price dropped by 1% in premarket trading to around $366. However, the market has picked up and now the stock is up 2.53% to trade for $371. The stock is still up 27% YTD and has surged over 126% in the last year.
Meanwhile, Bitcoin seems to be cooling down as it drops 5% over the weekend. BTC ended last week with an intraday high of $106,032. As of press time, the Bitcoin price stood at $103,911, indicating a 0.31% drop in the last 24 hours. However, the trading volume is performing well with a 20% surge over the same period to $42.26 billion.
It recently hit a high of $111,970 but later dropped to around $105,000. Meanwhile, bold predictions from Cardano founder Charles Hoskinson, Robert Kiyosaki, and FundStrat’s Tom Lee are making rounds on the Internet. Hoskinson and Kiyosaki are offering predictions of $500,000 for BTC while Lee expects a surge to $3 million in the long-term.
Also Read: Bitcoin Exchange Reserves Hit All-Time Low Below 2.6M BTC
