Quote from: BitcoinW0rld on December 05, 2020, 05:41:39 PM

In a recent Twitter post on 5th December, MicroStrategy announced a purchase of additional 2,574 Bitcoin worth $50 million. Michael Saylor, Founder and CEO of MicroStrategy, confirmed the purchase. With Bitcoin surpassing its ATH previously, this news does not come as a surprise. MicroStrategy is a business intelligence firm based out of the United States. It has continuously shown a bullish attitude towards the crypto king, Bitcoin.

For more detail article link is given below :-

https://bitcoinworld.co.in/microstrategy-strengthens-its-bitcoin-game-invests-addition-50m-in-btc/

The reason is very clear :
They did this because the price is climbing so by doing this they can not only make a lot of profit but at the same time they can manipulate the market , the people who follow them would take this as a fact that the price of bitcoins is going to rise because 50 M is a lot. Now they will buy more and thus the chain continues.

But the good thing is they made this announcement publicly, instead of just doing it in the darkness like any other company.

Now the bad thing is , if they do have a lot of bitcoins they can very easily influence the market price which could be problematic for us in the long run. I saw the article but instead of 50, they are planning on 400M raise!!!

https://cointelegraph.com/news/microstrategy-will-issue-400-million-in-securities-to-buy-more-bitcoin

They are going to actually issue 400 M in security and then buy more bitcoins with it...