MicroStrategy has announced the purchase of an additional 10,107 Bitcoins for $1.1 billion, at an average price of $105,596 per Bitcoin. With this deal, the company’s total Bitcoin holdings have increased to 471,107 Bitcoins, purchased for a total cost of $30.4 billion. The total value of this holding is currently estimated at over $46.6 billion, reflecting a paper gain of over $15 billion.
MicroStrategy continues its plans to increase its Bitcoin holdings at a regular pace, purchasing more digital currencies each week. This strategy has led to significant price volatility in the market, as the company’s approach reflects a strong commitment to Bitcoin as a long-term investment asset. However, such policies can be risky, especially in light of the extreme market volatility, as evidenced by the $7,000 drop in Bitcoin’s price since just this morning.
These moves by MicroStrategy have generated a lot of interest in the cryptocurrency community, with some believing that this strategy could enhance Bitcoin’s long-term stability, while others believe that it could increase pressure on the market in the event of sudden price drops. In light of the current volatility, monitoring the price in the coming hours remains of great interest, as these moves are expected to clearly affect market trends.
On the other hand, this move also reflects MicroStrategy’s insistence on supporting Bitcoin as a digital asset that generates significant returns in the long term, despite the risks associated with this in light of market instability.
