MicroStrategy is delivering as Micheal Saylor the former CEO promised the crypto community, Many people laughed at him when he stepped down as CEO of the company, and a lot of people even carried rumors that he was fired because he was spending or wasting the company's money on buying Bitcoins. I like to see those people's faces now as MicroStrategy currently holds 205,000 Bitcoins after acquiring an additional 12,000 Bitcoins today. MicroStrategy continues to demonstrate its conviction in Bitcoin as a reliable store of value and a hedge against inflation
But some people think that MicroStrategy was not going to allow BlackRock to have more Bitcoin holdings than it and do nothing, which is why they bought 12k more Bitcoin, Bitcoin is the best store of value in this 21st century and MicroStrategy is taking full advantage of it. I call MicroStrategy the King of DCA (Dollar Costs Averaging), despite the crypto market fluctuations, it is a bold and smart move or play by MicroStrategy, showing their unwavering confidence in the potential of Bitcoin by topping up their Bitcoin portfolio. It is truly a strategic move by MicroStrategy, Investing in Bitcoin seems to be a calculated risk, one that has paid off handsomely since they started buying Bitcoin.
MicroStrategy is really doubling down on their crypto game, They are relentless in buying Bitcoin, and this move by MicroStrategy to acquire an additional 12,000 Bitcoin for over $800 million shows the growing confidence in the long-term value and potential of crypto. The total holding of 205,000 Bitcoins is a serious flex, MicroStrategy is not playing around.
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