Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
I came across in this article https://blockworks.co/news/microstrategy-bitcoin-buying and it seems MicroStrategy don't really have any indication that they would stop buying bitcoin. Its like they are not satisfied with their holdings and want to accumulate more.
So expect that they would add more since so far there's no indication for them to sell their holdings. So good to see them wrecking some profits since this is good indication that other companies if they follow what MicroStrategy do.
It seems every update is exciting for Microstrategy, that's why Craig Wright always got triggered on their actions done.
Saylor keeps repeating that Microstrategy is not going to sell their bitcoins, and they will buy at every opportunity. If you look at the chart of their bitcoin purchases, it becomes clear that they have no pattern, they buy at any time, as soon as they have money for it.
Source
They buy at the bottom and at the highs, not worrying much about possibly buying too expensive, calculate the average price and as a result we see that their strategy works well. And if you watch Saylor's interview, he believes that bitcoin will be worth hundreds of thousands and even a million...