Topic: Microstrategy Bought 660 Bitcoins @25 million of dollars In cash (Read 145 times)
Michael is a versatile businessman ever since he founded the company in 1989, microstrategy has been well known for providing softwares analytical solution and now one of the great hodl of bitcoin ever since it started buying in 2020 as part of it capital allocation strategy and this is a means of diversification, an escape route which serve an alternative to business and economy meltdown it may encountered in later future.
February 02, 2022, 03:46:42 AM
A man of honor and diamond hands.
It's not (only) about honor, it's also about (brilliant, and far from micro!) strategy. I keep telling: this is how DCA is done. He just sticks to the plan and DCA-ing. Straight ahead.
February 02, 2022, 03:28:05 AM
I am not sure if you were missing this but @fillippone has created a massive collection of news about Microstrategy's involvement to investing in bitcoin. Maybe you can also check that out.
MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
You can find lots of insights from other members there
MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
You can find lots of insights from other members there
February 02, 2022, 03:21:22 AM
A man of honor and diamond hands. Walking the talk like a boss. When bitcoin has hodlers of last resorters like Michael, It will always have a base price not matter what. This man is becoming a hero among the bitcoin community day by day. If people still afraid of buying bitcoin even today, they can buy $MSTR and chill.
February 02, 2022, 03:14:30 AM
The US security and exchange commission (SEC) have announced the new purchase of 660 at the price of $37,865 Bitcoin MicroStrategy bringing the company total Bitcoin holding to 125,051 Bitcoin, this came at the heal of other events that all point to the positive adoption of Bitcoin as a global financial tool by both private and public sectors around the world. The government is now adopting Bitcoin haven’t understood the advantages of blockchain technology.
Source: https://cointelegraph.com/news/microstrategy-buys-the-dip-by-purchasing-660-bitcoin-for-25m
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