tldr; Strategy, formerly MicroStrategy, has resumed Bitcoin purchases, acquiring 4,225 BTC for $472 million between July 7-13, bringing its total holdings to 601,550 BTC worth nearly $73 billion. The company paused buying last week but has been a major corporate Bitcoin holder since 2020. Bitcoin surged 12% last week, hitting new highs. Other companies, including Metaplanet and KULR, also increased their Bitcoin holdings recently. Strategy’s stock has risen significantly since its initial Bitcoin investment.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Next_Statement6145 on
his average buy price is getting too close i fear
Obsidianram on
What kind of ‚tard *always* buys at the top?…
thats_so_over on
The type that is using other peoples money to buy to push the ath higher.
Not going to end well.
This cycles “black swan” will be Strategy having to sell to cover loans or something like that along with Trump doing something… not sure what yet but crypto week will probably make it obvious.
My guess right now is that we are going to pump for like a month maybe two. We are probably going to get close to 200k. 200k is the new 100k 2021.
From there we go down to maybe 50k. Maybe not that low. Hard to see below 40k though.
I’m in the dca out phase. Enjoy the chase. See you guys when I’m buying in the winter
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tldr; Strategy, formerly MicroStrategy, has resumed Bitcoin purchases, acquiring 4,225 BTC for $472 million between July 7-13, bringing its total holdings to 601,550 BTC worth nearly $73 billion. The company paused buying last week but has been a major corporate Bitcoin holder since 2020. Bitcoin surged 12% last week, hitting new highs. Other companies, including Metaplanet and KULR, also increased their Bitcoin holdings recently. Strategy’s stock has risen significantly since its initial Bitcoin investment.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
his average buy price is getting too close i fear
What kind of ‚tard *always* buys at the top?…
The type that is using other peoples money to buy to push the ath higher.
Not going to end well.
This cycles “black swan” will be Strategy having to sell to cover loans or something like that along with Trump doing something… not sure what yet but crypto week will probably make it obvious.
My guess right now is that we are going to pump for like a month maybe two. We are probably going to get close to 200k. 200k is the new 100k 2021.
From there we go down to maybe 50k. Maybe not that low. Hard to see below 40k though.
I’m in the dca out phase. Enjoy the chase. See you guys when I’m buying in the winter