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❕NEWS MicroStrategy buys another 3000 Bitcoin for $155 million

Warfare

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MicroStrategy has bought another 3000 Bitcoin for ~$155 million at an average price of $51,813 per Bitcoin.
Their total holding amount now stands at 193,000 Bitcoin (acquired for ~$6.09 billion at an average price of $31,544 per Bitcoin).
So even when Bitcoin is reaching new yearly highs, MicroStrategy is still buying Bitcoin.

MicroStrategy buys another 3000 Bitcoin.jpg

form-8-k_02-26-2024-document.png
 
Huge amounts in profits already. These are the bodies we expect to ensure that Bitcoin remains world-wide adopted ecurrency. However, I can't help feeling a little agitated about how moves by such large holders could affect the whole crypto space.
 
Once they make the amount they hope for there could be a large dumping. That would certainly depress the bitcoin price. Perhaps after the halving we may see $100,000 or close and that could be a sell signal. On the other hand it could be a long term investment with small amounts sold when they are in profit.
 
Once they make the amount they hope for there could be a large dumping. That would certainly depress the bitcoin price. Perhaps after the halving we may see $100,000 or close and that could be a sell signal. On the other hand it could be a long term investment with small amounts sold when they are in profit.
That seems logical. I have a guess that option 2: Long Term Investment with small amounts sold when they are in profit looks more plausible.
 

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