MicroStrategy’s Risky Bet: $2.1 Billion More in Bitcoin Amid Market Volatility Concerns

in #mcs • 12 days ago

MicroStrategy has added another US $2.1b to their Bitcoin portfolio.
The company has now purchased BTC on five consecutive Mondays, bringing their holdings to over 420k BTC, worth over US $40b.
The company’s average buy price has risen to nearly US $60k, with plans to raise US $42b by 2027 to continue their buying frenzy.
Despite falling 7.5% today, MicroStrategy’s stock has grown a hefty 433% since January 2024.
You wouldn’t believe it – Michael Saylor and MicroStrategy have purchased some Bitcoin.

The Bitcoin maximalist to end all Bitcoin maximalists hasn’t slowed down even as BTC surged past USD $100k (AU $155k).

Instead, they’ve doubled down on their investment policy (which is quite simple: Buy Bitcoin) and added another US $2.1b (AU $3.26b) to their portfolio.

This makes it five Mondays in a row that MicroStrategy has purchased Bitcoin, making it almost seem like they’ve set up a dollar-cost average strategy and taken their hands off the keyboard.

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12 days ago in #mcs by
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