- Eric Trump met with Michael Saylor, aligning business and political interest in Bitcoin.
- MicroStrategy now holds 446,400 BTC, valued at $43.21 billion, with $15.3B in profits.
- Saylor’s Bitcoin advocacy bridges traditional finance and cryptocurrency adoption.
The convergence of traditional business and cryptocurrency advocates reached a new milestone as Eric Trump met with Michael Saylor at Mar-a-Lago, declaring their shared passion for Bitcoin. This meeting shows the growing mainstream acceptance of cryptocurrency. This is particularly evident among influential business figures and political families.
The crypto market remembers Michael Saylor for his Bitcoin accumulation spree even when it was high and low. MicroStrategy’s latest Bitcoin acquisition, announced by Saylor on December 30, 2024, adds 2,138 BTC at an average price of $97,837 per coin. This is an investment of approximately $209 million and bought company’s total holdings to 446,400 BTC.
The company’s Bitcoin strategy has proven successful. It has achieved a Bitcoin yield of 47.8% quarter-to-date and 74.1% year-to-date. MicroStrategy’s total Bitcoin portfolio now stands at an impressive $43.21 billion. This represents a 55.14% gain on their initial investment, equivalent to over $15.3 billion in unrealized profits.
AI Meme Tokens See Rapid Growth: Market Cap Hits $10B MilestoneSaylor stands as a testament for the success of Bitcoin. He has also proposed to create a Bitcoin strategic reserve for US. His ideology to choose Bitcoin over gold for US has sparked debate across the world. Just two week ago he stated that he is ready to advice Trump on Crypto.
The meeting with Eric Trump at Mar-a-Lago potentially signals growing alignment between Bitcoin advocates and the incoming administration’s economic vision. Saylor has been a vocal proponent of Bitcoin as a Treasury reserve asset, consistently arguing for its role in preserving corporate value against inflation. If crypto is a kingdom that is created by Satoshi then it is apt to say that Saylor is the big admirer and stern guardian.
