I am not surprised that they actually DCA at this dip again. On the 14th march 2023 they had actually announced that they have a note of offering of $500M with the pay back been set at for 2031. Immediately I was this I had a conviction that any market correction will be their buying opportunity. With a whopping 214k bitcoin that official makes The company a 1% holder of the current circulation of bitcoin (19.7M) and an unrealized profit of around $8B, it’s actually going on well for them.
Do you think it is the correct strategy to buy more BTC and HODL? They did try to buy the dip but it has dipped further. Will we see another ATH soon? How long would you HODL if you were in MicroStrategy's position?
Yes it’s the right strategy if you have long term plans. Also we already have an ATH $73k plus and I see this changing after the halving period though and we might set the ATH that will hold us to the next halving only in 2025. As for market correction I will advise anyone DCA to not wait for a heavy fall, once there is a -10% fall that’s one of the best time now to buy because we wouldn’t see the major correction we are waiting for not util a full bearish period