Michael Saylor, founder of MicroStrategy, hinted at a potential new Bitcoin purchase following a recent sharp market decline, sharing a chart of his company's Bitcoin holdings valued at $71.7 billion.

This move underscores the growing perception of Bitcoin as 'digital gold,' a long-term store of value.

Similarly, Tether CEO Paolo Ardoino reaffirmed the company's commitment to investing in Bitcoin and gold, emphasizing their role as reliable long-term assets amid ongoing global financial uncertainties.

Market dynamics show Bitcoin surpassing 60.6% dominance for the first time in months, indicating a shift of capital from altcoins into Bitcoin, with a potential retest of around 62% suggesting a BTC-led recovery.

Ardoino’s statement aligns with Saylor’s view of Bitcoin as a core long-term store of value.

Saylor’s recent post coincided with Bitcoin stabilizing above $110,000 after a significant selloff on October 10 that impacted the broader crypto market.

MicroStrategy’s Bitcoin buying pattern shows consistent accumulation during both market rallies and dips, reflecting a conviction-based long-term strategy of using Bitcoin as a treasury reserve asset.

MicroStrategy owns 640,031 BTC, purchased at an average price of $73,983 per coin, with the total value increasing by over 51%, resulting in profits exceeding $24 billion.