Quote from: _act_ on April 05, 2023, 12:20:42 PM

I think this is good news as we have this crypto enthusiast organization that continues to buy more bitcoins. Microstrategy bought more bitcoins. Its total holding is now 140000 BTC.

I think MicroStrategy's recent purchase of bitcoins is good news, as it demonstrates the continued interest in and investment in cryptocurrencies. The fact that the company now owns 140,000 BTC worth around $4.17 billion at an average price of $29,803 per bitcoin is impressive and shows a significant commitment to the asset.

When viewed from a positive perspective, this development may signal a growing recognition of bitcoin's potential as a long-term investment and store of value. The increased adoption of cryptocurrencies by mainstream financial institutions and companies such as MicroStrategy can help legitimize and stabilize the market, leading to greater trust and wider adoption.

Quote from: Z-tight on Today at 01:00:36 PM

They bought their latest coins at 28,000 usd per BTC, that is not at the peak, and it is far away from it. If they had bought at 16k usd per BTC, people would still ask why they didn't wait to buy it when it was cheaper. I think MicroStrategy are timing their BTC purchases very well, they are holding a total of 140,000 BTC's, bought at an average prive of 29,803 usd per coin, that is a very good business for them, their buying intervals make it easy for them to make a lot of profit in a bull run or even in a short pump.

I also do not think they can just buy anytime when they see the price is low, like how individual investors do when they have the money, MicroStrategy is a company, so there has to be a process to release funds for BTC's purchase, they cannot make sudden purchases.

I think MicroStrategy's recent purchase of bitcoins at $28,000 per coin was a smart move, as they have strategically timed their purchases to maximize profits during the bull run. It's unrealistic for them to just buy every time the price drops, because they have to follow the company's process for spending funds on purchases. With a current total holding of 140,000 BTC, purchased at an average price of $29,803 per coin, MicroStrategy's investment in bitcoin is proving to be a sound business decision.