U.Today

Michael Saylor, CEO of MicroStrategy and a prominent Bitcoin advocate, recently shared a post about the cryptocurrency. Known for his unique social media style, Saylor promotes Bitcoin daily, often blending humor and seriousness, while maintaining a bullish outlook on BTC.

In his latest post, he used artificial intelligence to depict himself in a gladiatorial arena, clad in armor featuring the Bitcoin logo, captioned "Step into the Arena." This can be interpreted as an invitation for the public to join the battle against inflation and pursue financial freedom through Bitcoin.

This comes as MicroStrategy's (MSTR) stock price rises dramatically, currently trading at $194.63 per share, breaking out of months of consolidation from March. MSTR has increased by 13.91% since early October.

24 Years Later

The immediate resistance for MSTR appears to be the $200 mark reached six months ago. Once surpassed, the next goal is an all-time high of $333 set nearly 24 years ago in March 2020.

MSTR's success is attributed to the 252,220 BTC held in its reserves, purchased at an average price of $39,300, resulting in a substantial profit of approximately 59.7% or $5.93 billion.

This article was originally published on U.Today