Post
Topic
Board Economics
Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
by
Essential10
on 16/10/2024, 09:34:44 UTC
MicroStrategy is currently the most successful Bitcoin company, holding Bitcoin for years to come. But even if their dollar amount is high, they have invested more, but if we are holding in Bitcoin with a small amount of dollars like them, it will be a much larger amount later. That's why microstrategy companies adopting the DCA approach will be as successful in the future, but MicroStrategy has more money and benefits. So DCA method is the best investment to make yourself successful and have few dollars.

Yes the MicroStrategy company has been buying bitcoins continuously for the past four years. They are ready to buy Bitcoin at any moment in the market if they have cash flow. The total number of Bitcoins held by MicroStrategy so far is 252,220. Maybe they didn't buy so many bitcoins in one day, they were able to accumulate so many bitcoins in their investment portfolio by buying slowly.  The MicroStrategy company has already bypassed the US government by continuing to buy bitcoins regularly.

Maybe MicroStrategy is ready to buy more Bitcoins as we saw on social media Twitter.
Quote
MicroStrategy about to buy $900 million in #Bitcoin soon 🚀
Twitter: https://x.com/Vivek4real_/status/1846122306873053287?t=4Mvd5Vw3KHWOdSUSdJjK6w&s=19
Of course MicroStrategy is moving forward with a smart move, they have been doing the buying in Bitcoin for a long time.  Also, there is no question that the skyrocketing value of their holdings in recent months is wrong, as their purchase price per bitcoin averages between $39k -$40k when compared to the current bitcoin market value.  This month Bitcoin has started to increase steadily in value compared to last month.  Although my personal opinion is that MicroStrategy may continue to buy their bitcoins until they hit a million worth of bitcoins.