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.
The more I see this group of people buy more Bitcoin, the more confidence in the future price increase I have in Bitcoin. If MicroStrategy were able to invest money in this large amount to buy Bitcoin, how much is my money worth that is making to be afraid? I know some people will say invest in what you can afford to lose but this gives me some inner confidence to buy more Bitcoin at all costs.
With this amount of Bitcoin, only MicroStrategy knows when they plan to sell and the price they wish to sell because if anytime Bitcoin price appreciates in value, they will decide to sell some of half of their bag and that is going to be a big concern, it will cause a big fear among the investors.