MicroStrategy Inc. MSTR co-founder and executive chairman Michael Saylor met the entire incoming cabinet of the incoming Donald Trump administration during the first-ever “Crypto Ball” on Friday.
What Happened: An X post shared by Robert Samuels, Vice President of Investor Relations at MARA Holdings, showed Saylor, clad in a black suit and orange tie, attending the event alongside other top cryptocurrency executives like Fred Thiel, MARA Holdings CEO.
The orange tie seemed to align with Saylor’s Bitcoin personality, which he frequently flaunts on social media. The post has been reshared by the MicroStrategy boss.
Some other pictures showed Vice President-elect J.D. Vance with incoming second lady Usha Vance.
The pre-inaugural bash was attended by the elite of the cryptocurrency space, days ahead of the presidential inauguration of Trump, who championed the industry’s cause during his election campaign.
Trump, who did not attend the gala, was expected to issue executive orders to build a more favorable environment for the cryptocurrency industry.
See Also: Italy’s Largest Bank Leaps Into Bitcoin Trading With $1 Million ‘Test’ Investment But CEO Says He Doesn’t Invest In BTC Personally
Why It Matters: MicroStrategy has been aggressively issuing convertible debt and other fixed-income securities to buy Bitcoin in recent months and appears prepared to employ all corporate maneuvers to bolster its 21/21 plan.
As of this writing, MicroStrategy was the biggest corporate holder with more than $45 billion in Bitcoin, followed by MARA with $4.57 billion of the leading digital asset, according to BitcoinTreasuries.com.
The Michael Saylor-led firm has been buying Bitcoins for ten weeks in a row, and based on his most recent X post, MicroStrategy seems to be planning to buy more on Monday, coinciding with Trump’s inauguration.
“Things will be different tomorrow,” Saylor wrote, including the firm’s Bitcoin portfolio tracker.
Interestingly, Saylor made similar posts of the tracker just before the company’s Bitcoin purchases in the last two weeks.
Price Action: At the time of writing, Bitcoin was exchanging hands at $101,632.05, down 3.18% in the last 24 hours, according to data from Benzinga Pro.
Shares of MicroStrategy rallied 8.04% to $396.50 during Friday’s regular session.
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