- Michael Saylor’s Strategy purchased 22,048 BTC worth ~$2B
- They purchased for an average price of ~$86,969
- Their holdings now are 528,185 BTC
Michael Saylor’s Strategy purchased 22,048 BTC worth ~$2B and now owns 528,185 BTC. Is such a significant purchase optimistic, or do we have to be wary?
More About Strategy Purchased 22,048 BTC
So, this purchase was hard to ignore, as it is highly impressive, at least for a one-off. For example, even Blackrock with its recent purchase didn’t go so far.
Interesting, but familiar in a way, is that Strategy buys Bitcoin dips, in particular, this purchase was at an average price of $86,969, and if you look at the average price of their purchases it is ~$67,458.
Objectively, these are very positive numbers, and Michael Saylor has a lot to be proud of when we say that Strategy’s holdings of 528,185 BTC cost ~$35.6B.
However, such Bitcoin dips do carry risks, and the severely reduced returns may require the company to liquidate some of its assets, which in turn could further impact the Bitcoin price.
Maybe it is just another Bitcoin dip purchase. Maybe it is an attempt to straighten the Bitcoin price and if it does not work – it is time for liquidation. Strategy can have multiple strategies, by the way.
Conclusion
Overall, we can say that this is an optimistic signal, and maybe even a message for other investors. But still, there is a possibility that it may turn out to be a warning, and you should be careful with it, and keep a close eye on the darkness and volume of the next Strategy purchases.
Stay tuned for updates, be adaptive in the rapidly evolving financial and crypto landscape, and keep your strategy grounded, balanced, and beneficial.
