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?
There is a common saying in the Bitcoin arena that the best time to buy the coin is when you can afford it. The price of Bitcoin will keep increasing and companies like MicroStrategy are not taking any chances but always investing. I assume the they don't have any intention to sell their holding in this present bull season so buying at $63,700 is not a bad decision since Bitcoin will always beat it's ATH. Just like El Salvador which has not indicated when they intend to sell, MicroStrategy might keep holding until the price hits $1m. If I am in the company's position I will only sell when the company has a pressing need for finance. Besides that, I will ensure the firm keeps holding Bitcoin just as nations keep gold as reserves.