Strategy Inc. (NASDAQ:MSTR) Chair Michael Saylor reaffirmed his unflinching support for Bitcoin (CRYPTO: BTC) by sharing the popular “laser eyes” meme on Saturday.
‘Laser Eyes’ Meme Is Back
The meme, a 2021 Bitcoin community signal of strong bullish conviction, typically shows a person with glowing red eyes in their profile picture to signify “laser focus” on Bitcoin’s price.
Saylor replugged it on X, adding, “It’s time to put the laser eyes back on.”
It appeared to be yet another call from Saylor encouraging HODLers to stay firm despite ongoing market pressure.
Samson Mow, fellow Bitcoin maxi and CEO of Bitcoin technology company JAN3, endorsed Saylor’s message, stating, “Never took them off.”
Will Saylor Buy The Dip Again?
Saylor’s post followed Bitcoin’s sharp pullback during the weekend after briefly topping $71,000 earlier in the week. Rising Middle East tensions and ceasefire uncertainty continued to fuel risk-on sentiment.
Yet Strategy continues to double down on Bitcoin, expanding its holdings to 762,099 BTC, worth $51.29 billion, marking 13 consecutive weeks of accumulation.
This, despite the company sitting on unrealized losses of over $6 billion on its BTC holdings. Moreover, Strategy’s market valuation stood at $43.35 billion as of this writing. This means that the stock is trading at a discount to its net asset value.
Saylor has previously defended Strategy’s business model, asserting that as long as Bitcoin increases by 1.25% annually, Strategy can maintain its dividend payments indefinitely and boost shareholder value.
Price Action: At the time of writing, BTC was exchanging hands at $67,395.97, down 1.78% over the last 24 hours, according to data from Benzinga Pro.
Strategy shares closed 5.19% lower at $126.03 on Friday. The stock has plunged nearly 18% year-to-date.
The stock lacked strength across the short-, medium-, and long-term, earning a very low Momentum score in Benzinga’s Edge Stock Rankings.
Photo courtesy: PJ McDonnell / Shutterstock.com
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