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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: sirty143 on December 01, 2023, 08:26:57 AM

Title: Microstrategy's Bitcoin Stash Grows to 174,530 BTC With Latest Purchase
Post by: sirty143 on December 01, 2023, 08:26:57 AM
Microstrategy's Bitcoin Stash Grows to 174,530 BTC With Latest Purchase

(https://i.imgur.com/r7qByGgm.jpg)

Microstrategy has expanded its bitcoin holdings with the acquisition of 16,130 more bitcoins. With this latest purchase, the Nasdaq-listed software intelligence firm is now hoding 174,530 bitcoins, acquired for around $5.28 billion... See more for yourself here (https://news.bitcoin.com/microstrategys-bitcoin-stash-grows-to-174530-btc-with-latest-purchase/).

Your opinion is greatly appreciated.
Title: Re: Microstrategy's Bitcoin Stash Grows to 174,530 BTC With Latest Purchase
Post by: James Anderson on December 01, 2023, 08:34:45 AM
Do not sell your BTC to institutions, hold onto it.
Title: Re: Microstrategy's Bitcoin Stash Grows to 174,530 BTC With Latest Purchase
Post by: Tribalchief on December 13, 2023, 02:30:02 AM
Quote from: sirty143 link=topic=312588.msg1452060#msg1452060 date=1701415617
Microstrategy has expanded its bitcoin holdings with the acquisition of 16,130 more bitcoins. With this latest purchase, the Nasdaq-listed software intelligence firm is now hoding 174,530 bitcoins, acquired for around $5.28 billion... See more for yourself here (https://news.bitcoin.com/microstrategys-bitcoin-stash-grows-to-174530-btc-with-latest-purchase/).

Your opinion is greatly appreciated.
This is a true example of 'growing the bags.' They consistently invest in Bitcoin with varying amounts. It's interesting that BlackRock only owns about 8.1% of Microstrategy, so there shouldn't be any worries about the future.
Title: Re: Microstrategy's Bitcoin Stash Grows to 174,530 BTC With Latest Purchase
Post by: God Of Thunder on December 23, 2023, 03:49:44 PM
Quote from: Tribalchief on December 13, 2023, 02:30:02 AM
This is a true example of 'growing the bags.' They consistently invest in Bitcoin with varying amounts. It's interesting that BlackRock only owns about 8.1% of Microstrategy, so there shouldn't be any worries about the future.

While I am happy about their investment, I am also afraid that they might start selling their BTC at some point. Everyone invests to gain profits, and surely they will do it too. But we don't know the time. Imagine BTC touched another ATH and they started selling their Bitcoin and cashing out their profits. The market will turn 360 degree and we will be in bear market within a day.

But, we don't know when it's going to happen. But it will happen for sure. A simple 1000 BTC sell can down the market 3-4%. Did you think why market goes up and then down once it touches a round figure mileston? Because it triggers selling point.