Recent news reveals that Michael Saylor software base company Micro strategy has acquired 5,445 BTC since August 2023. For this purpose microstrategy invested $147.3 million. Average buying price of current buying is around $27,053 and currently BTC is trading around $26,100. Although current BTC invest by microstrategy is at loss but big giants don't work for a short term they have a long term vision of holding, that's why they are acquiring more and more BTC.
Overall holding of microstrategy is 158,425 BTC. Huge holding but the company is further interested to acquire more BTC in future. Believe in BTC by giant reveals the bright future of holding BTC. It will motivate other people to invest in BTC.
We can say BTC is a digital gold. Another beauty of holding BTC is that it is acceptable on many merchandizer across the globe. Even, BTC has a status of national currency in El Salvador. The way BTC adoption is increasing despite dip in market reveals the people trust over BTC. So, it is important to hold some BTC in your wallet. There is no need to worry if you don't buy one BTC, you can buy as low as $10 worth BTC. Just hold BTC if you have believe in BTC. what is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.
The big players have lots of money to invest and BTC is the best crypto to hold so no doubt they are increasing their stake.
For a man who is not longer a fan of Bitcoin, that means too, there was one, who selled this amount of xbt. Two sides of the same medaillion.
Let us kill this Asic driven Shitcoin and replace it with a people friendly Blockchain who allready exist in the shadow of Bitcoin for a long time now...
Just my opinion. Do not hate the messenger.^^
Have a good time also!
Greets
Alucian
I like the strategy of holding BTC for the long terms, I think there will be much upside in that in the future. I try DCAing on BTC whenever I have the funds.
Of course, this is a guy that we've been watching for a long time, he's been putting money into Bitcoin whenever he's had the chance, and he's got a good amount of Bitcoin lying around, and we'll see. As soon as the bill cycle comes, it will see a lot of good profit.
#hive #posh
These companies have a lot of money to pump or dump the markets as per their own interest.
Better not to do leveraged trades when we have such big players in the field.
The big players always play big in the crypto space due to their huge funds