Sup fellow degens, 

Michael Saylor, the champion of Capua, never backs down. 

Swing your sword, and let the charts shed blood. And you will still find him standing in the middle of the Colosseum, hands outstretched as if reaching for the gods, with the arena reverberating and the crowd roaring his name. 

Saylor! Saylor! Saylor!

The last few weeks have seen a terrified market. You can feel it in the pulse of the timeline. Bitcoin dipped below $90k yesterday, and the “it's over" and “it-was-a-scam” crowd came out in full force. Talks about a failed “Uptober," tariffs, and the Fed. 

Retail is panic-selling because they look at the 15-minute chart. On the other hand, the whales are buying because they look at the 10-year chart. 

The biggest whale just stepped in to remind everyone who owns the sea. 

Yesterday, while the rest of us mere gladiators were nursing our wounds, Spartacus said, “Never back down.” Time to hold the sword tighter.

Michael Saylor's company, MicroStrategy ($MSTR), confirmed a fresh purchase of 8,178 Bitcoin. 

Quick details: 

Saylor has effectively created an infinite money glitch, but the market hasn't priced just how insane this is. 

Here's how the loop turned out to be: 

MicroStrategy continues to leverage Wall Street's appetite for Bitcoin exposure to accumulate BTC faster than almost any entity on Earth. They are the 4th largest holder of Bitcoin globally, behind only mysterious Satoshi, Binance, and BlackRock's ETF. 

Bitcoin's fall to $90k hurt the market and sentiment has quickly turned to extreme fear. 

But what most are missing is that our Spartacus is creating a massive battle at the $90,000 level in real-time. 

Every time the price slumps down to $89k, it gets bought up aggressively. Now we know that a huge chunk of that buy pressure is Saylor. He's not just buying; he's the “S” in surge. 

Look at the timing: 

Even though he bought at $102k and he's underwater, he doesn't care. He's not trading on a 3-day chart. He's building a position for the next decade. That conviction is a whale's game, and the market rewards patience. 

Of course, the naysayers always have a point. 

“Saylor is over-leveraged and one day this will blow up in his face.” 

Valid point. The company has taken on debts to buy Bitcoin. If Bitcoin crashes, he may need to file a Chapter 7. 

Hey, McDonald's always needs hands. 

This thesis is wonky. For $MSTR to blow up, Bitcoin needs to drop 78% (about $20k)  from current levels and stay there long enough for debt maturities to hit. 

MicroStrategy’s average cost basis is around $49,874 per BTC. Bitcoin needs to go red below $50k and stay there long enough for margin to get called. Even when winter came for House Crypto in 2022, and Bitcoin hit $15k, Saylor didn't get margin called. He just kept buying. 

“NAV premium will collapse" 

Ok, let's say the premium goes to zero, Saylor can't issue stock efficiently. But the Bitcoin they hold still exists. At worst, the money printer slows down. At best, he keeps stacking while everyone doubts. 

Betting against Bitcoin right now is betting that Michael Saylor will run out of paperwork to sell to Wall Street giants. 

I wouldn't take that bet if I were you. 

You're trading in the arena with giants. 

While you're panic-selling your 0.01 BTC because your rent went up, this guy is buying $800M worth. 

While you see fear on the 1-hour chart, institutional investors look at the 10-year chart and see inevitability. 

The chop is temporary. The trend is your friend. As retail sells bottom, institutions stack sats. 

Follow the giant. 

TL;DR: MicroStrategy bought 8,178 BTC (~835.6M) on November 19. This is Saylor's strategy of defending the $90k level. Don't leverage, but the spot at the $90k-$92k zone. The vibe: corporate investors are entering the market fast, be early. 

Stay degen, 

Dima.