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Learning & News => News related to Crypto => Topic started by: TomPluz on April 30, 2024, 12:11:16 PM

Title: MircoStrategy’s Bitcoin Holdings Surge to $13.5B
Post by: TomPluz on April 30, 2024, 12:11:16 PM
Quote

MicroStrategy, often dubbed a prominent “Bitcoin development firm” has once again garnered attention following its financial update for Q1 2024. Despite reporting a net loss of $53.1 million, the firm remains steadfast in its pursuit of acquiring Bitcoin, further expanding its already significant cryptocurrency holdings.

Between April 1 and April 26, MicroStrategy went on to add a whopping 122 BTC to its reserves. This was worth $7.8 million. While this figure might be pale compared to previous purchases, it symbolizes MicroStrategy’s unwavering dedication to strengthening its Bitcoin portfolio. This comes amidst turbulent market conditions.


Read more of this news here! (https://watcher.guru/news/mircostrategys-bitcoin-holdings-surge-to-13-5b-despite-q1-losses)

(https://pbs.twimg.com/card_img/1785037695556923392/Bu1Zz42z?format=jpg&name=small)


MicroStrategy under the leadership of Michael J. Saylor has been the very embodiment of one of the most famous adage in the cryptocurrency industry: Dip more, buy more! And with all the resources in the fingertips of MicroStrategy, it can do whatever it wants as it continues to be one of the influential firm in the Bitcoin and cryptocurrency industry. When the benefits of halving will be coming in the next few months, am sure Michael will be smiling his way to the bank. Are you somehow inspired by this latest foray of MicroStrategy while we are seems to be in the temporary bearish mood?




Title: Re: MircoStrategy’s Bitcoin Holdings Surge to $13.5B
Post by: Aanuoluwatofunmi on April 30, 2024, 08:08:31 PM
If one must learn something specific about microstrategy, then its all should be about their investment initiative and bitcoin accumulation pattern they have been sustaining over the years now, still yet they are buying the more because they understand the need in doing so, which means, at our own little way or capacity, we should learn to invest and hold at each stage or crypto market phase, this will help us achieve a desired goal in the future.
Title: Re: MircoStrategy’s Bitcoin Holdings Surge to $13.5B
Post by: SamReomo on April 30, 2024, 09:59:06 PM
MicroStrategy is one of the firm supporters of Bitcoin and I believe they're very sure about what they're doing. They want to avail each dip in their favor because whenever Bitcoin faces a dip they accumulate more of it.

I'm pretty sure that they will continue accumulating more Bitcoin overtime because their CEO is firm supporter of Bitcoin and he believes that in this decade Bitcoin could grow huge in value.
Title: Re: MircoStrategy’s Bitcoin Holdings Surge to $13.5B
Post by: Charles-Tim on April 30, 2024, 10:01:37 PM
We knew a time like this will come. We also knew countries like El Salvador which kept buying bitcoin in the past will also make profit from it. Bitcoin critics said a lot about these people but I believe their mouth has been closed by themselves. See, today, they are in profit. Although, I read on a news that Microstrategy shares or something went down in value but their bitcoin profit from their holding increased. We hope bitcoin will continue to increase in price.
Title: Re: MircoStrategy’s Bitcoin Holdings Surge to $13.5B
Post by: Faisal2202 on May 02, 2024, 05:12:14 PM
Hmm, this accumulation of MicroStrategy shows that they are still thinking they are buying low. I mean what other reason could be there? They are also here to make money, and if they are buying it does not mean they are shorting it beans they are longing for. So they still think the market is going to go up maybe more than $100k. But still, in the long run (Which I think they are playing long run game), they will be making a profit. I am thinking what would be their strategy to make a profit for themselves and for their investors in bear season.

Although they already have future trading available on their platforms, but how future trading (shorting) is going to make MS profit in the bear season? Plus what other options will MS can choose to make a profit. I afraid they will sell and at the same time I doubt that decision too. Because playing long game means bearing losses as well.
Title: Re: MircoStrategy’s Bitcoin Holdings Surge to $13.5B
Post by: Captain Corporate on May 02, 2024, 08:50:17 PM
They are basically aware that any drop is a great time to buy, but also they are not really looking to DCA neither, their entire operation is based on buying more and more, so that means they are just buying asm uch as they possibly could, that's it. I get that it may not be all that complicated to handle it, and I believe that the yare just ar ich company that keeps making an income and keep putting all of that income into bitcoin time to time. That is something that makes sense, and there is really nothing wrong with that, I just believe that they are going to get more and more, which might pose a risk for bitcoin world to have one company with so much bitcoins.