Michael Saylor, the co-founder of MicroStrategy, has publicly advised YouTube megastar Jimmy Donaldson, popularly known as MrBeast, to invest in Bitcoin.
This recommendation followed an exchange on X, where MrBeast posted about the rapid progress of artificial intelligence and its potential consequences for digital creators.
“When AI videos are just as good as normal videos,” MrBeast wrote, “I wonder what that will do to YouTube and how it will impact the millions of creators currently making content for a living. Scary times.”
Notably, the interaction comes at a time when Bitcoin (BTC) reached a new all-time high of $125,700. At the time of writing, the world’s largest cryptocurrency was trading around $124,116, marking an 11% weekly increase.
Market observers attributed the surge to renewed institutional interest and massive inflows from spot ETF approvals.
The conversation also comes amid renewed claims about MrBeast’s possible involvement in crypto trading.
Specifically, last week, blockchain tracker PRIME X alleged that the YouTuber spent $320,000 on ASTER tokens, the native token of the fast-growing Aster perpetual DEX. According to the report, the purchase brought his total holdings to roughly $1.28 million.
The report came shortly after monitoring service Lookonchain revealed that wallets linked to MrBeast had deposited $1 million in Tether (USDT). Soon after, those wallets acquired more than 500,000 Aster tokens at an average price of $1.87.
However, MrBeast immediately denied the accusations. In a response on X, he wrote, “Never heard of that coin, and that’s not my wallet.”
Meanwhile, Michael Saylor-led MicroStrategy continues to double down on its Bitcoin investment strategy. Recently, the firm purchased an additional 196 BTC for approximately $22.1 million. As a result, this brings its total holdings to 640,031 BTC.
The latest purchase was at an average price of $113,048 per Bitcoin, increasing the company’s overall average purchase cost to $73,983.
According to its filing, the acquisition was funded through a mix of common stock sales under its at-the-market (ATM) program and the issuance of perpetual preferred stock.
With Bitcoin’s current price near record levels, MicroStrategy now holds over $31 billion in unrealized profits.
This milestone underscores the company’s unmatched exposure to the cryptocurrency market. Additionally, it validates Saylor’s decade-long advocacy for Bitcoin as a superior store of value compared to traditional assets.
Read more on The Crypto Basic – Bitcoin, Cryptocurrency, DeFi Topics And News
