MicroStrategy – Forget Buying the Dip

Here’s something to ponder and this speaks immensely as to where Bitcoin is going when Saylor and MicroStrategy are buying $15 million of Bitcoin at near-ath prices. Just think about that.

Forget Buying the Dip, MicroStrategy Buys $15M of Bitcoin as It Nears the All-Time High

  • MicroStrategy announced Friday it purchased approximately 262 more BTC at an average price per coin of $57,146, just a little over $1,000 away from the cryptocurrency’s all-time high.
  • This latest purchase brings the firm’s total bitcoin holdings to around 91,326, bought for an average of $24,214 apiece.
  • At the time of writing, this is equal to around $5.1 billion, compared to the approximate $2.21 billion MicroStrategy paid for them.
  • The company’s share price has partly recovered from a month-long downturn, which saw it dip as low as $547.40 on March 5.
  • MicroStrategy stock was listed at $763 in pre-market trading today and stands at $803.75 at press time.

https://www.coindesk.com/forget-buying-the-dip-microstrategy-buys-15m-of-bitcoin-as-it-nears-the-all-time-high

 

Master Asked on March 12, 2021 in Bitcoin.
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