Michael Saylor Reaffirms Aggressive Bitcoin Buying Despite Price Drop
Michael Saylor denied recent rumors on a Friday morning appearance on CNBC, saying his company is still dedicated to aggressively accumulating Bitcoin. His remarks came amid a notable pullback in BTC (quoted at $96,318.31) and a concurrent drop in MicroStrategy’s stock, but Saylor framed the move as a reaffirmation of the firm’s long-term acquisition strategy. The statement matters because continued buying from a high-profile institutional holder can influence market sentiment and signal persistent demand even during volatility. While price weakness underscores risk and short-term volatility for BTC, Saylor’s stance could reassure some institutional investors and traders watching supply-side flows and large-wallet activity.