Saylor indicates an imminent Bitcoin purchase amid the armed conflict between Israel and Iran
Michael Saylor (Danny Nelson/CoinDesk)
Saylor Signals Imminent Bitcoin Purchase Amid Israel-Iran Conflict
Strategy co-founder Michael Saylor, 60, hinted that the company would buy more Bitcoin this Monday when financial markets open.
Strategy co-founder Michael Saylor posted a $104,000 Bitcoin chart indicating an imminent BTC purchase by the company, despite the ongoing conflict in the Middle East, which could rock global financial markets when they open this Monday.
The company's most recent Bitcoin purchase occurred on June 9, with a small purchase of 1,040 BTC, valued at approximately $110 million USD, bringing Strategy's total holdings to 581,000 BTC.
Saylor's announcement of an impending Bitcoin acquisition is another sign of investor confidence in BTC amid the conflict between Israel and Iran, which has the world in uncertainty and the looming threat to global financial markets. Investors are awaiting the financial system's reaction when markets open this Monday, following the escalation of tensions in both countries over the weekend. Bitcoin holds up despite the looming uncertainty and the possibility of an escalating conflict. Israel launched airstrikes against Tehran, the capital of Iran, on Thursday. The price of Bitcoin fell by 3% following news of the initial attack. Energy is a much-needed resource at all levels of the production process and economic levels, and a rise in energy prices will likely influence global financial markets as companies and investors grapple with higher operating costs.