Quote from: cryptoWODL on October 16, 2024, 06:53:59 AM

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

MicroStrategy Aims to Be ‘Bitcoin Bank’ With Trillion-Dollar Valuation: Michael Saylor
With nearly $16 billion worth of Bitcoin in the bank, MicroStrategy's Michael Saylor shares big plans ahead for BTC.

MicroStrategy Inc. is positioning itself to transform how capital is preserved and transferred globally, according to a recent report by Bernstein Research—and the company’s outspoken co-founder Michael Saylor says the company aims to become a “Bitcoin bank” with a potential trillion-dollar valuation.

Bernstein has rated MicroStrategy as "Outperform," with a price target of $290, reflecting a 39% upside from its current price of $209, according to Google Finance. The report states that MicroStrategy’s significant investment in Bitcoin is the key driver behind this optimistic projection.

MicroStrategy has gained attention for its large-scale Bitcoin acquisition strategy under the guidance of Saylor, the firm’s Executive Chairman and former CEO. Since 2020, the company has accumulated 252,200 Bitcoin, or $15.8 billion worth as of this writing, making it the largest publicly traded corporate holder of the cryptocurrency.

Source Link: https://decrypt.co/285838/microstrategy-bitcoin-bank-trillion-dollar

The main purpose of this microstrategy company is to hold bitcoins, and their dream is to move from billions of dollars to trillions of dollars. Only by investing in bitcoins will they achieve the maximum level goal, so they are collecting bitcoins in order to achieve this goal.
But by collecting bitcoin investment step by step, they collected a total of 252200 bitcoins which has a current value of about 16 billion dollars. But MicroStrategy has certainly made enough strides to reach the trillion dollar mark, so I think the MicroStrategy goal will definitely be met.