I think this is a good news as we have this crypto enthusiast organization that continue to buy more bitcoin. Microstrategy bought more bitcoin. Its total holding is now 140000 BTC.
https://twitter.com/saylor/status/1643586872839471105?t=L7IzW6T8ltWlRp-9pB3Oow&s=19MicroStrategy has acquired an additional 1,045 #bitcoin for ~ $29.3M at an average price of $28,016 per bitcoin. As of 4/4/2023 @MicroStrategy holds 140,000 bitcoin acquired for ~$4.17 billion at an average price of $29,803 per bitcoin. $MSTR
There is something seen about bitcoin, the future is bright.
Microstrategy software company has surpassed other top companies in the list of most recent company bitcoin purchases. Even after selling a few months ago for a short-term tax benefit, they are still committed to a long-term bitcoin strategy. The company is very excited about bitcoin and does not believe it will fail, but they are looking at the bigger picture of the profit they will be able to accumulate in the coming years.
The company takes advantage of bitcoin by using the losses generated by the unexpected sale to offset previous capital gains, resulting in a tax benefit. This method used by the company can help long-term investors minimize large losses while also having a potential gain at the end of the day.