Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
MicroStrategy has been investing heavily in Bitcoin since 2020, and they've been investing so far, according to Michael Saylor's Bitcoin Investment and Holdings.
MicroStrategy Bitcoin Purchase History, a purchase chart of Bitcoin investment numbers.
https://treasuries.bitbo.io/microstrategy/
Microstrategy Company started their Bitcoin purchases in August 2020. In the initial phase they purchased 21,454 Bitcoins. When they bought bitcoins for early stage investment, each bitcoin cost about $11,650 according to the market value at that time. At that time the total value of their purchased bitcoins was $250 million dollars. Since then they have continued to purchase bitcoins in stages. Phase 2 bought more Bitcoins than Phase 1 just as Phase 3 bought more Bitcoins than Phase 2. As a result of maintaining the bitcoin consistency, they have already reached number 6 in the list of top bitcoin holders in the world even though they have purchased bitcoins for investment a total of 40 times. Last they managed to accumulate 252,220 bitcoins in their investment portfolio by purchasing 7420 bitcoins on September 20, 2024.MicroStrategy Bitcoin Purchase History, a purchase chart of Bitcoin investment numbers.
https://treasuries.bitbo.io/microstrategy/
In an interview, Michael Saylor CEO of MicroStrategy Company stated that,
Quote
SAYLOR: "We're buying all the time. We're buying the lows, the mids, the highs. I'll be buying the top forever because I'm expecting Bitcoin will continue to appreciate as digital capital."
This is the way you stack and #HODL your #Bitcoin!
This is the way you stack and #HODL your #Bitcoin!
https://www.talkimg.com/images/2024/10/05/irzkJ.jpeg[/img]
https://x.com/Cointelegraph/status/1842557857801355339?t=gNA9dbBqpRtoD1CeZZC_Tw&s=19