The company now holds 91,326 Bitcoins, bought at an average price of $24,214 per BTC.
It appears that MicroStrategy just can't stop buying BTC, as the company announced that they have bought another 262 BTC at an average price of $57,146 per BTC. It seems that MicroStrategy Founder & CEO Michael Saylor just can't get enough, and it looks like 21 million BTC tokens are just not enough for all the big players joining in to claim a piece of the pie.
The best part is that this is only the beginning, so I can't even imagine how expensive BTC will be say 2 halving events down the road, with all those sharks removing liquidity from exchanges violently. Things are getting crazy and Q2 hasn't even started yet. 2021 is already proving to be a spectacular year for crypto, so sit tight and enjoy the ride.
It is worth noting that the firm's total Bitcoin holdings are equal to approximately $5.1 billion, which basically means MicroStrategy has doubled up its investment, as it has paid roughly $2.2 billion to acquire those 91.3k Bitcoins. Not bad at all, and I can't even begin to imagine what those numbers will look like at the end of Q4.
The company's share price is currently recovering from a month-long downturn following the recent announcement, and there's probably more to come considering that more and more powerful players are getting interested in the crypto game as the days go by. And that's because the company has been making headlines with those massive BTC purchases.
MicroStrategy stands a great chance of multiplying its net worth within the next few years, and more investors are waking up to this fact as we speak. In the meanwhile, Michael Saylor is acting like he is on a mission to buy all the Bitcoins he can get his hands on, and keeps making Bitcoin noise on Twitter and Youtube.
It feels like there's not enough Bitcoin for everyone these days, and considering the fact that as the years go by more and more BTC tokens are permanently lost, I think it's safe to say that soon enough BTC will be scarcer than expected. 0.01 BTC may be enough to completely transform your life in the not so distant future.
As I have said before, Bitcoin's monthly liquid supply net change has been in the red for an extended period of time according to data provided by Glassnode, and this is the first time it happens. I do realize that nobody really knows what the future has in store for BTC, however I can't help but think it will have exploded two halving events down the road. Supply and demand.
Bitcoin is currently swinging around the $56.7k mark, which represents a decrease of 0.2% over the last 24 hours. Sell walls on Binance's BTC/USDT are moving North for now, so it could easily hit the $58k mark within the next twelve hours. However this is by no means financial advice, as nobody really knows what's next.
Price movement is described by a complex function with a number of parameters we really have no way of knowing. In other words, it's literally impossible to predict what will happen in the long run based on data accumulated from past events and observations.
However, indicators like market depth often tell the truth about the next few hours, so if you're into day trading you may be able to grab profits this way. But then again, nothing is guaranteed and it's all still too risky. I believe that holding is the safest way to make money in the crypto game as it's still in its infancy stage.
We all know how easy it can be to generate huge profits in the crypto game by joining new hot projects and taking advantage of an early lead, speaking of which, CubDeFi is here and offers a great opportunity to enjoy some insane APRs now that it's been around for less than 5 days.
There are plenty of rather informative posts about @leofinance's newly launched gem, but if you're looking for the details, here's where you can find the answers to your questions about cubdefi.com. I'd buy some $CUB and start farming more if I were you, but you know, always DYOR and stuff.
CubFinance is an extension of the LeoFinance project. LeoFinance is a blockchain-based social finance community that has been building applications on a variety of platforms and blockchains since July 2019.
Source: docs.cubdefi.com
The first ever cross-chain hybrid claimdrop happened less than 48 hours ago, and I was given 2.82 $CUB for my ~580 LEO Power staked during the snapshot that took place a few days prior to the airdrop. Now, as you can imagine that's not enough, so I decided to throw in 1.5 BNB and bought me some more CUB.
The APRs are insane and the hype around the project was reason enough to make me FOMO and throw in real money, and I'm planning to keep adding some to my stack. Compounding interest is sweet, and I'm becoming addicted to it, not gonna lie. My $CUBs are currently working tirelessly to make me more money. Cute babies.
What do I expect from CUB? Nothing in particular, for now I am just looking to get my hands on as much as possible. I really hope the project doesn't take off before Q3 so I can improve my position, but I will still be happy if it pumps tomorrow regardless.
I also want to throw more fiat money into LEO and HIVE with all the progress being made and all that's being built on the network. @khaleelkazi is on a mission to help us achieve an early retirement or something, and my FOMO is getting worse as the minutes go by. I may have to rob a bank or something, and this is definitely not financial advice!
Anyway, I will take the time to write more about cubdefi.com and why it will inevitably blow up in a follow-up post. Now excuse me as I have to go find more money to invest in CUB, LEO and HIVE while I still can. I heard there's a storm coming that the weatherman couldn't predict. Stack and stake as much as you can.
Thank you for your attention
Alright guys, that's it for now. Thank you for taking the time to read those lines.
Just my two cents. This is by no means financial advice. Just sharing my personal views and experiences. Please do not take my word for your investment choices, and always do your own research.
Stay safe and have a good one,
@lordneroo