Foreign media reports that after MicroStrategy publicly announced its increased Bitcoin holdings, Barstool Sports founder Dave Portnoy once again urged Michael Saylor to continue buying on social media. He responded to the company's latest disclosure with "MORE!", a tone clearly driven by market sentiment.

Portnoy also mentioned that he stated last week that he lacked sufficient funds to continue supporting his positions independently. The report noted that he described the current trading environment as a chaotic situation at a horse race, believing that large institutional buying remains a crucial force for market stabilization.

MicroStrategy's latest buy

MicroStrategy purchased 1,550 BTC in the past week at an average price of $65,332. The company had previously disclosed that it sold 32 BTC for dividend payments for the first time in three years, a move that briefly caused market jitters. This latest round of purchases is significantly larger.

Portnoy's holding pressure

The report also mentioned that Portnoy suffered losses on BTC, XRP, and MSTR. He had previously bought XRP near $1.70, which is currently worth around $1.17. With Bitcoin fluctuating around $63,000, his related positions remain under pressure.

Additional information:Portnoy also mentioned that he still considers Jack Dorsey's earlier statement that BTC could rise to $1 million as a reference.