Microstrategy bought +5050 more Bitcoin statistics, this company now owns a total of: 114,042 Bitcoins. When they continuously buy Bitcoin in stages will it cause BTC to break ATH again? What do you expect for BTC at the end of 2021?
I think that it's certainly going to reduce supply for BTC but also at the same time offer a consistent stream of demand.
The reason why they are doing this is that they are not concerned about the price of BTC - they are just dollar cost averaging into BTC instead of trying to time the market, which is a really good idea given that BTC is such a volatile asset.
Personally, I don't think that Microstrategy is a great investment vehicle given their company structure, but their investment philosphy is admirable.