MicroStrategy Buys 2,530 Bitcoin for $243 Million, Bringing Total Holdings to Over 450,000 BTC
is this the right strategy?
The way they are accumulating doesn't seem sound.
what do you think?
link in comment ⬇️
MicroStrategy Buys 2,530 Bitcoin for $243 Million, Bringing Total Holdings to Over 450,000 BTC
is this the right strategy?
The way they are accumulating doesn't seem sound.
what do you think?
link in comment ⬇️
Well, it is risky, as they borrow to buy more... I saw a statistic that said they could default if BTC goes below 45K, and then they would need to sell all of their assets, and it is the end of Bitcoin as we know it. So, yes, you are right, they are going in too strong!
That's what was said when Bitcoin went from 50k back down to 30k.
https://coinmarketcap.com/academy/article/microstrategy-buys-2530-bitcoin-for-dollar243-million-bringing-total-holdings-to-over-450000-btc?lid=b2w96zkvtuo8