Bitcoin proponent and cofounder of MicroStrategy Michael Saylor has issued a cryptic Bitcoin message to the global community.
Billionaire Bitcoin advocate and MicroStrategy cofounder Michael Saylor has shared a cryptic message with the Bitcoin community.
Taking to his X (formerly Twitter) platform, Saylor addressed Bitcoiners around the globe as the world's leading cryptocurrency attempted to recover from a 3.2% decline in the past 24 hours.
The MicroStrategy co-creator, former CEO and current executive chairman, who is largely focused on the company’s Bitcoin strategy, posted an AI-generated image that depicts a pair of scales with an image of a physical BTC coin in both pans. “Bitcoin is the ₿alance of Power,” reads Saylor's message.
As usual, Saylor did not elaborate on his cryptic Bitcoin statements to his millions of followers on the X platform, leaving them to interpret the meaning in their own way. However, this time, Sells' cryptic messages seemed to resonate with his followers, with many expressing their agreement in their responses.
In other news, the German government continues selling its Bitcoin holdings on the crypto market.
According to a recent update by the Spotonchain analytics account, over the last 24 hours, the German government sold an impressive half a billion U.S. dollars in Bitcoin – to be precise, around $496 million of the crypto.
This included the government's moving of $637 million Bitcoin to centralized exchanges operating in Europe, such as Bitstamp and Coinbase, at an average price of $58,659.
In the past 16 hours, the German government might have sold up to $496M worth of $BTC, including:
- moving out 10,853 $BTC ($637M) at ~58,659
- receiving back 2,442 $BTC ($141M) at ~57,560
Currently, they only have 15,552 $BTC ($894M) left, ~31% of the original amount… https://t.co/kjgTa5R2T9 pic.twitter.com/33VePLSHXG
However, after sending this vast sum of crypto to exchanges, the government then bought back around 2,442 BTC, which is roughly $141 million purchased at an average price of around $57,560 per coin. According to Spotonchain, at the moment, the German government has 15,552 BTC left, which is valued at $894 million. In total, around 31% of the initial BTC holdings have been sold.
The original source of this Bitcoin was the Movie2k pirate website, from which German authorities confiscated all of the aforementioned BTC in January of this year.
As reported by U.Today earlier, Joana Cotar, an independent member of the Bundestag, took to X to address the German government, urging them to stop selling Bitcoin and instead hold that BTC as a strategic reserve currency.
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