Michael Saylor: 'Buying Bitcoin now at a 20% discount'

The BTC price has been moving sideways for months, nowhere near its record high in March. What frustrates many crypto investors, however, makes well-known Bitcoin enthusiast Michael Saylor especially happy. In a new post on X, the co-founder and CEO of MicroStrategy points out that Bitcoin is currently on a 20 percent discount in the summer sale. Optimistically, he adds, "This sale ends soon," followed by a rocket emoji.

At the time of writing, the cryptocurrency stands at 60,815 dollars, meaning the BTC price is 2 percent higher than 24 hours ago. It is therefore still nearly 20 percent away from the record high of $73,750, something Saylor refers to in his X-post.

The American entrepreneur is known as an enthusiastic Bitcoin advocate. At the BTCPrague recently, he said he would even buy BTC for $950,000, also revealing his 21 rules for Bitcoin.

Saylor is not just stopping at words: after the latest purchase, his software company MicroStrategy now owns an impressive 226,331 BTC worth $13.44 billion, more than one percent of the total BTC volume.

The X-post shows that Saylor sees the current weak BTC price as a great opportunity to buy Bitcoin before the price rises again. More and more companies are using Bitcoin to diversify and are investing some of their reserves in the digital gold.