MicroStrategy's Saylor Thanks Miners, Urges Community To Keep Stacking Post-Halving

MicroStrategy founder and executive chairman Michael Saylor is rallying the Bitcoin community after the popular digital asset went through its fourth halving over the weekend, encouraging Bitcoiners to continue building up their BTC treasuries.

Following the halving event, which split Bitcoin mining rewards in half and will reduce the number of new coins coming out into the market, Saylor, a dominant voice in the cryptocurrency realm, thanked miners for their hard work. He reshared a video created by crypto exchange giant Coinbase wherein the efforts of miners were highlighted.

"To the miners...the guardians of Bitcoin. Every four years, your job gets twice as demanding. It's set in code. And while everyone will be rooting for the price action...it's you we should all be rooting for. Because despite bearing the brunt of halving, you continue your endless pursuit of efficiency to ensure the rest of us can transact with sovereignty. Without you, the dream ends. So we speak for the community when we say thank you. Thank you for moving money forward one block at a time," the video stated.

After thanking miners, whose rewards have fallen from 6.25 BTC to 3.125 BTC, the tech magnate went on to encourage Bitcoiners to keep growing their BTC stash as his company has been doing. MicroStrategy's last purchase brought the tech firm's total BTC holdings to over 214,000.

"Keep stacking," he wrote on X (formerly Twitter), gaining much engagement from other Bitcoiners and prominent figures and entities in the crypto space.

Digital asset manager Eric Weiss commented that crypto users should "work towards being a 'whole coiner,'" wherein a person owns a full Bitcoin, a concept that he says will be "near impossible for an individual" in the next few decades.

The RichQuack token's X account also commented on Saylor's post, saying it was "loving the strategy" proposed by one of the known early adopters of the world's largest crypto by market value.

"Stack it up," crypto content creator Crypto Saving Expert wrote, while many other Bitcoiners shared the sentiment, especially after the halving.

Saturday's halving means there will be fewer new BTC that will be circulated in the market, and historically, prices went up in the weeks after the event, which could make Bitcoin more expensive for individual buyers.

As of writing, Bitcoin climbed to around $66,100 after not much movement during the halving. The said figure is still significantly below the digital coin's all-time high of over $73,000 last month, but it could be a sign that the currency will repeat history to rise above the halving.