I don't have any idea what Microstrategy does and I often get their name confused with Microsoft, Micro Center, and other similarly named companies.
5050 is a lot of BTC. They bought it over a period of several weeks and their volume is still a small amount of Bitcoin's trading volume so we might not see an immediate impact. When they buy so much BTC it will create scarcity and over time I do think it will help the price reach an all time high.
Topic: Microsteel keeps buying into BTC - page 3. (Read 471 times)
Microsteel bought +5050 more Bitcoin statistics, this company now owns a total of: 114,042 Bitcoins. When they continuously buy Bitcoin in stages will it cause BTC to break ATH again? What do you expect for BTC at the end of 2021?
Everyone in the crypto industry has their own way to invest and make a profit in the investment in bitcoin and I think they are one of those companies who will take the risk and hodl their bitcoins for another 10-20 years. I think they've been doing that since the price of BTC was low and they might sell some of their BTC whenever the price spike and buy when it goes down. It's just my mere speculation but whatever the reason is, they are helping the market right now.
Willy Woo updated his chart for Bitcoin held by public entities.
Some websites to check bitcoin treasuries.
Some websites to check bitcoin treasuries.
- Buybitcoinworldwide.com (this website recently was not updated regularly. I don't know how its update is working now)
- Bitcointreasuries.net.
- The team announced that they sold the Bitcointreasuries.org domain - that connects to Buybitcoinworldwide.com.
- Announcement
- bybt.com
- Bitcoin Treasuries (by @fillippone). It is a good follow-up topic about Bitcoin treasuries.
For those who don't have knowledge, this is legit, Microstrategy purchased additional Bitcoin as Michal Saylor (CEO of Microstrategy) tweeted about it, can be found here: https://twitter.com/michael_saylor/status/1437386724443926535
For me, this time, breaking the $50,000 again will result in a new all-time-high, we are extremely near to the all-time-high for Bitcoin, with Bitcoin supply on exchanges keeps decreasing, I believe this is a good indicator that we will see more upside prices.
What do you expect for BTC at the end of 2021?
Still bullish even if there will be upcoming and expected corrections.
Well, that's funny when I've read the company's name although it's understandable what's with the news recently. I just remembered that name of my past employer that's close to that name but OP change the name of the company as corrected by Charles.
When they continuously buy Bitcoin in stages will it cause BTC to break ATH again?
Not that really but if they keep on doing that, they might influence a lot of people and big companies to do the same thing as what they do. They're leaving a question to those speculators that there seems to be something they know that others don't know and make them keep on buying.What do you expect for BTC at the end of 2021?
Still bullish even if there will be upcoming and expected corrections.
At this point their buys are expected so I don't think the market reacts to it. Market reacts to new things, not expected things. The first few times Microstrategy bought it was huge, now it's just normal. A new public company buying a few hundred million $ in Bitcoin would move the market. Surprised it hasn't happened lately but it'll happen soon enough. Probably won't happen until Bitcoin shoots up again. Noobs, no matter if they are new investors or CEOs and executive boards of trillion dollar companies, only know how to buy high when they first get in.
I like the accidental name change to Microsteel though haha.
Saylor should rename Microstrategy to Gigastrategy, cuz their Bitcoin strategy is blowing the rest of the corporate world away.
I like the accidental name change to Microsteel though haha.
Saylor should rename Microstrategy to Gigastrategy, cuz their Bitcoin strategy is blowing the rest of the corporate world away.
It is Microstrategy not Microsteel
When they continuously buy Bitcoin in stages will it cause BTC to break ATH again? What do you expect for BTC at the end of 2021?
Maybe $50000, who knows. Predicting bitcoin price may be inaccurate, but we should at long term expect all-time-high, all-time-high is achievable but it may not be this year.
Microstrategy bought +5050 more Bitcoin statistics, this company now owns a total of: 114,042 Bitcoins. When they continuously buy Bitcoin in stages will it cause BTC to break ATH again? What do you expect for BTC at the end of 2021?
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