Michael Saylor Returns to the Limelight by Arguing Bitcoin Is a "Newtonian Network"

Executive chairman of MicroStrategy (NASDAQ:MSTR) Michael Saylor — one of the most outspoken Bitcoin advocates — is back in the limelight with a post arguing that Bitcoin is a “Newtonian Network.”

In a visual that caught the eye on X, Saylor is standing next to an orrery, a mechanical device that shows the solar system — as though that represented a metaphor for Bitcoin’s immutable, physics-style monetary principles.

MicroStrategy stock dips ahead of Q1 earnings

At 9:47 a.m. ET on April 30, MicroStrategy was trading at $367.14, a decline of 3.75% from the previous closing price of $381.45. Shares are sinking in regular trading today, just one day before the company is expected to post its Q1 performance, with the street looking for $116.7 million in revenue and a $0.11 loss per share.

Despite the downturn, analysts remain optimistic. Of 13 covered by major firms, 12 say the stock is a “Buy” while only one says “Sell.” Price targets range from $175 up to $650, and the average target is the equivalent of 35% above recent levels. Benchmark’s Mark Palmer is the most optimistic with a $650 target.

This asset's astonishing rally and crash in a day stuns the market

Michael Saylor has another bold word for Bitcoin

This New Mexico city is the first in the U.S. to create a Bitcoin reserve

It’s a mixed picture for MicroStrategy’s Bitcoin strategy as it resulted in a $5.91 billion unrealized loss due to in the quarter, though this was partly neutralized by a $1.69 billion tax gain.

Except, the firm’s Bitcoin holdings have been on an upward trajectory since 2020, with CAGR sitting at 97.23% in the last five years.

MSTR stock is up 22.33% year-to-date despite volatility, and analysts are still believers. Strategy’s twin focus on crypto and cloud services is winning over investors