Post
Topic
Board Economics
Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
by
cryptoWODL
on 20/10/2024, 13:14:09 UTC
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.
Yes that's right microstrategy company's main objective is to buy and hold bitcoins. At any given moment in the market we have seen them buying bitcoins ie they are buying bitcoins regularly. In a statement on Twitter today, I saw Michael Saylor saying that we are buying bitcoins to hold for a hundred years.  His statement may prove that their dream is not only to reach billions to trillions of dollars but may be much higher. Their thinking is far-reaching for prolonging Bitcoin investment.

The microstrategy company now aims to become a bitcoin bank. They already own 252220 Bitcoins. According to today's market, one Bitcoin is worth about $68,322.52. According to today's market, the total value of Bitcoin held by Microstrategy is approximately (252,220×68,322.53) = 17,232,308,516.6 dollars, i.e. over 17 billion dollars.