Strategy Leadership Says Bitcoin Found Support at $60,000, Predicts Market Recovery

According to statements from Strategy founder Michael Saylor and CEO Phong Le, the company continues its weekly Bitcoin purchases, with Saylor stating that BTC has found solid support around $60,000 after declining from a peak of approximately $125,000. Speaking to CNBC, Saylor added that Bitcoin has entered its spring warm-up phase and predicted recovery from current price levels. He emphasized that miner supply is fully absorbed by the market, noting Strategy could purchase all Bitcoin produced by miners until 2140.

Meanwhile, Le highlighted on his X account that if SpaceX proceeds with a public offering, the Magnificent Seven tech stocks will become eight, with 25% of this expanded group holding Bitcoin on their balance sheets. Tesla currently holds 11,509 Bitcoin.