Post
Topic
Board Bitcoin Discussion
Re: MicroStrategy acquires an additional 9,245 BTC with excess cash(@$67,382)
by
tyz
on 19/03/2024, 22:59:55 UTC
As of 3/18/24, $MSTR holds 214,246 $BTC acquired for ~$7.53B at an average price of $35,160 per bitcoin.
With BTC going down still, currently at $63,700. 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?

MicroStrategy is a public company and must first and foremost serve its shareholders. If management comes to the realization that the price has reached an upper limit, then management must sell them, anything else would be irresponsible. Bitcoin also now has a large impact on the company's market capitalization, so I would expect them to minimize risk and sell bitcoins in the future.