The latest movement of Bitcoin towards $89,000 did not go unnoticed, and Michael Saylor took care of it. The president of Strategy, known for his minimal but concise online presence, reacted with a simple post: "Bitcoin is rising," alongside an image of himself in a suit climbing a cliff, which resonated strongly with the current market context.
BTC had just surpassed $88,700 after a rapid bullish breakout the day before. This jump occurred after the last two weeks, with the price rising for most of that time.
But practically nobody expected Bitcoin to print a large green candle on Easter Monday, but that’s what happened yesterday and continued today.
For Saylor, that post implies much more than it seems. The Bitcoin balance of Strategy now stands at 534,741 BTC, with an average cost basis of $66,631. At current levels, this position has risen more than 33%, with a market value close to $47.5 billion. It’s not just a paper profit; it’s a validation of Strategy, with an intentional play on words.
From the perspective of market structure, the software producer led by Saylor remains a unique case. Its shares (MSTR) are trading at $323.95, with a market capitalization of $84.7 billion. This means that more than half of the company's valuation (56%, to be exact) is directly linked to its bitcoin holdings. The net asset value (NAV) multiple of 1.785 suggests that investors are still considering more than just the cryptocurrency on the balance sheet.
That is the real signal behind Saylor's three-word message. It’s not just a comment on price action; it’s a discreet confirmation that the bet is aging well. Whether BTC surpasses $90,000 soon or not, MicroStrategy's position has clearly taken a turn.
