“Stay Humble” – Saylor Reignites Bullish $200,000 BTC Sentiment
The post “Stay Humble” – Saylor Reignites Bullish $200,000 BTC Sentiment appeared on BitcoinEthereumNews.com.
MicroStrategy’s Michael Saylor hints at more Bitcoin purchases after acquiring an extra 4,225 BTC last week to send its total holdings to 601,550 BTC. Multiple analysts have predicted that the Bitcoin price could reach $200k by the end of the year, and this could be triggered by the rising Institutional adoption and regulatory clarity. On Sunday, July 20, founder of MicroStrategy, Michael Saylor, disclosed that the company could soon make another Bitcoin purchase as part of its routine acquisition, which started in August 2020. Hinting at this activity, Saylor highlighted in a short tweet that: Stay Humble. Stack Sats Fascinatingly, its recent purchase came on July 14 when it spent $472.5 million to obtain 4,225 BTC. According to the Saylor tracker chart, the company currently holds 601,550 BTC valued at $71.63 billion per the current rate. Source: Saylor Tracker As previously mentioned in our report, MicroStrategy is aiming for a historic $84 billion Bitcoin purchase. The latest tweet underscores the rising Bitcoin demand, which is also confirmed by the Spot Exchange Traded Fund (ETF) inflows, which have remained positive since the beginning of the month. From the available data published by Bitcoin Treasury, 3.54 million Bitcoins are currently held in Treasuries, representing a 2.7% increase in the last 30 days. Bitcoin (BTC) to Hit $200k? Earlier, Bitwise Chief Investment Officer (CIO) Matt Hougan predicted that the strong ETF flows and the massive demand from Bitcoin Treasury companies could push the BTC price to $200k this year. As outlined in our recent blog post, Hougon’s explanation was primarily based on the demand-side of drivers. Meanwhile, he was less confident in the potential of Ethereum (ETH) and Solana (SOL) contrary to the popular statement that suggests that a “rising tide affects all boats”. The Bottom Line: We’re holding firm to our BTC…
Filed under: News - @ July 21, 2025 6:32 pm