2361: $10M Bitcoin Opportunity Emerges As Saylor Buys The Dip

**Justin Verrengia** (0:00)
Today's episode of Bitcoin News Alerts is brought to you by Progressive Insurance. Do you ever think about switching insurance companies to see if you can save some cash? Progressive makes it easy to see if you can save when you bundle your home and auto policies. Try it at progressive.com. Progressive casualty insurance company and affiliates, potential savings will vary, not available in all states. Everybody wants a lower Bitcoin price until they actually get one. Then, they want an even lower price. And by the time they're finally ready to buy, Bitcoin is already much higher. Check it out. The most expensive words in Bitcoin history are, I'll buy it back later. Because almost everyone who sells Bitcoin believes they'll get another chance at a lower price with more certainty. History tells a different story. Michael Saylor just posted the Strategy Tracker again. No explanation, no panic, no fear. Just the same signal he has posted for years. And almost every time, it means the same thing. Another Bitcoin purchase has already been made. The public just hasn't seen the filing yet, which occurs tomorrow on Monday. Think about that. Bitcoin just suffered one of the ugliest corrections of the cycle. Fear is everywhere. Tourists are panicking. The headlines have turned bearish. And Saylor's response? A good time to add more dots. That's not confidence built during a rally. That's conviction during a correction. Strategy already owns 843,706 Bitcoin, worth more than $50 billion today. They have endured multiple brutal drawdowns, billions of dollars in paper losses, and endless criticism, especially from Peter Schiff. Yet every time the market gets scared, they seem to reach the same conclusion. Buy more Bitcoin, not less. More. Arthur Hayes made a similar point this weekend. He reminded investors that everyone who bought a Bitcoin crash and held through it, made money. Not because they timed it perfectly, and not because they were lucky, but because they were patient. The impatient traders usually lose. The patient hodlers always win. History keeps repeating the same history lesson. Most people just fail to recognize it. And while it's happening, Germany learned that lesson the hard way. Two years ago, the German government sold this Bitcoin holdings at an average price of 57,900.
And at the time, the decision looked smart. It looked responsible. It looked safe. Then Bitcoin rallied. Those same holdings eventually became worth near $6.3 billion.
That's billions left behind. Not because Bitcoin failed, but because they sold. That's why today's correction is so freaking fascinating. The people selling today believe they'll get another opportunity. The people buying today believe this is the opportunity. Only one side can be right. Meanwhile, the US government is discussing something even bigger. Congress just published the full text of the Strategic Bitcoin Reserve bill. The proposal acquiring 1 million Bitcoin and holding it for at least 20 years.
Think about that. The same government many people assume would fight against Bitcoin and were with Operation Choke Point 2.0, previous administration, is now debating how much Bitcoin it should own. That's not the behavior of a dying asset. That's the behavior of an asset being taken very seriously. Governments are stockpiling it. Corporations continue accumulating it. And some of the largest holders in the world are still trying to figure it out. How to acquire more. Yet many investors remain focused on the next dip, the next pullback, the next perfect entry. But that's the trap. Because Bitcoin doesn't reward certainty. It rewards conviction. And every cycle ends the same way. The people waiting for the perfect moment discover the perfect moment already happened. So here's the question. Will today's sellers be buying Bitcoin back higher or wishing they never sold at all? Now let's talk about the post that has every Bitcoiner waiting for Monday morning. Take a look. The infamous Saylor Tracker. A good time to add more dots, Michael Saylor wrote. Their Bitcoin holdings today, even after the massive drawdown this week, is still $52.2 billion.
And this is every time in history since they put the Bitcoin on the balance sheet back in 2020, being the first publicly traded company to do so. Tomorrow's announcement will be purchase number 111, which is a divine number. So bring it. Now, as you can see here, even $12 billion in losses can't stop Michael Saylor. And their CEO, Fung Lee, wrote, Our corporate strategy is to increase net Bitcoin and Bitcoin per share over time. Rumors, otherwise, are just rumors. Get it through your thick skull, Peter Schiff. And speaking of the Schiffmeister, stay tuned for the end of the show.
Retard of the day, I got a surprise for you. Now, $54 billion strategy CEO says leaders in the US government are laying the foundation for long-term leadership in Bitcoin. And speaking of the US government, it says it all right here. Government of the US and US public companies now collectively hold 1.35 million Bitcoin.