Bitcoin tops $84.5K as Saylor declares ‘The bull market is calling’

Michael Saylor has said, “The bull market is calling,” as Bitcoin has risen to around $84,550, while Strategy has spent more on buying back preferred shares than on buying Bitcoin. Bitcoin gained 2.4% in 24 hours, trading near the top of its daily range. Altcoin Sherpa questioned whether Bitcoin’s move above resistance would hold. Strategy spent $193.1 million on STRC buybacks, nearly nine times its weekly Bitcoin purchases. Common-share sales and cash funded Strategy’s latest 267 BTC purchase. Michael Saylor posted the message on X on Oct. 21 alongside a 20-second video depicting a bull in a suit approaching him as he sleeps. The Strategy executive chairman offered the bullish caption without attaching a price target or a date for Bitcoin’s next move.

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