Michael Saylor Declares “We Only Have Winners on Team Bitcoin” as BTC Recovers Above $71K

Michael Saylor, Executive Chairman of MicroStrategy, recently tweeted about Bitcoin (BTC), which has sparked interest in the crypto community.

Michael Saylor, Executive Chairman of MicroStrategy, has highlighted the "winners" on "Team Bitcoin" in his latest tweet, sparking interest within the crypto community.

His message comes as Bitcoin (BTC) recovered to trade above $71,000 after slipping below $69,000 earlier in today's session.

Saylor's tweet, which includes a photo of himself and several other Bitcoin enthusiasts, showcases his upbeat outlook and hints at his belief in BTC’s long-term value despite recent market volatility.

We only have winners on Team #Bitcoin. pic.twitter.com/7RjYmG0q8l

Bitcoin recovered from two days of losses, reaching an intraday high of $71,596 on Friday after sliding as low as $68,777.

The world's largest cryptocurrency fell after failing to challenge its record high of $73,750 achieved in mid-March, only managing to reach highs of $73,600 during Tuesday's session.

The sell-off continued in Thursday's session, with cryptocurrency prices and related stocks falling across the board as traders appeared to be cutting longs following large gains.

With Bitcoin back around $71,000, the market will likely be optimistic that new all-time highs are in sight if the current momentum continues.

MicroStrategy Bitcoin holdings

MicroStrategy's investment in Bitcoin now amounts to 252,220 BTC, making it one of the largest holdings by a publicly traded company as of the end of September.

The firm's latest move to hire banks to help raise $42 billion through new shares and fixed income follows a flurry of transactions over the past year.

The enterprise software firm announced plans to sell a record $21 billion in new shares to add to its Bitcoin hoard, paving the way for a program that would far exceed the milestone established by Elon Musk's Tesla four years ago.

Over the last year, the business has raised billions by selling convertible senior notes and shares that its bankers can sell on the market to add to its cryptocurrency stockpile.