Post
Topic
Board Bitcoin Discussion
Re: MicroStrategy acquires an additional 9,245 BTC with excess cash(@$67,382)
by
Moreno233
on 20/03/2024, 08:04:48 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?
I don't see any point in us worrying ourselves about what MicroStrategy is doing because it is obvious they have pitched their tent with Bitcoin and are not doing badly overall. Despite the ongoing dip, they are in over 60% profits, not many big capitals can post such profits in less than five years of getting involved. What we should be doing is to follow them and buy as they are buying and see where this take us to. I have confidence that they know what they are doing and that anyone who follow them will not regret it. I have learnt to follow successful people in any business I am getting into and that is exactly what we should be doing as those who are privileged to know when they are buying.