Microstrategy's Bitcoin Investment Flourishes, Valued at Nearly $10 Billion

[sirty143]

Microstrategy's Bitcoin Investment Flourishes, Valued at Nearly $10 Billion

Based on the latest available data, the Nasdaq-traded Microstrategy possesses 190,000 bitcoins, acquired at a cost of $5.96 billion. Presently, the value of the company’s bitcoin holdings has swelled to $9.88 billion. This marks a 66% increase in the firm’s bitcoin portfolio, a stark contrast to its performance just eight months earlier. See more for yourself here.

Your opinion is greatly appreciated.

[yhiaali3]

Microstrategy owes its success to its president, Michael Saylor, and his belief in Bitcoin. I like this man's policy and his insight into the future.

Despite the harsh circumstances that the company experienced and the significant decline in the value of its shares as a result of the market decline, he remained steadfast in his belief in Bitcoin and bought more Bitcoin defying all the difficulties, and today he is reaping the result of his correct vision.

The company's shares have more than doubled and will of course have more success during the upcoming bull season. This deserves respect and admiration indeed.

[Tribalchief]

With this continuous purchase of Bitcoin, we can tell that MicroStrategy, as a company, has a goal and target set through Bitcoin investment. Interestingly, they are one of the largest holders of Bitcoin in the world, practically investing massively for the future.

Though they haven't mentioned anything like their harvesting time, I think any bull market would be a profitable season for them.

The non-stop purchase of Bitcoin should be done by nearly everyone in the crypto space, and not just large companies alone. We might not be able to compete with their purchasing power, but the Dollar-Cost Averaging (DCA) method is always advisable for those with lesser funds.