I am sure, you have seen an article or heard something about MicroStrategy or its co-founder and former CEO Michael Saylor. But even if this is your first time, buckle up as we decrypt together the moves of this company in the realm of cryptocurrency.
MicroStrategy is a publicly traded business intelligence company that provides software and services to help organizations analyze their data. The company is known for its business intelligence (BI) platform, which allows users to extract insights and intelligence from their data. One notable aspect of MicroStrategy's recent activities is its involvement in cryptocurrency, particularly Bitcoin. The company has been accumulating Bitcoin relentlessly over the past years and this year is not exceptional. The top statistics below speak for themself.
December 27, 202 189,150 bitcoins
November 30, 2023 174,530 bitcoins
November 1, 2023 158,400 bitcoins
September 24, 2023 158,245 bitcoins
August 8, 2023 152,800 bitcoins
4/29/2023 to 6/27/2023 152,333 bitcoins
April 5, 2023 140,000 bitcoins
March 23, 2023 138,955 bitcoins
December 24, 2022 132,500 bitcoins
December 22, 2022 131,690 bitcoins
11/01/2022 to 12/21/2022 132,395 bitcoins
September 20, 2022 130,000 bitcoins
June 28, 2022 129,699 bitcoins
May 7, 2022 129,218 bitcoins
January 31, 2022 125,051 bitcoins
December 30th, 2021 124,391 bitcoins
Everyone is optimistic about the pending approval of Bitcoin ETF applications in early January 2024. Even experts are now issuing bold Bitcoin price predictions as the approval could mark a major milestone in the cryptocurrency industry. The different perspective suggests a potential surge to $160,000 or even $1,000,000 considering that there is also Bitcoin halving along the way.ย These numbers should be taken with a pinch of salt as the crypto market is very volatile and unpredictable as always.
What do you think as experienced traders, is it time to be greedy? Because MicroStrategy's aggressive Bitcoin acquisition strategy has made their intentions clear. On this note, let's remember FOMO (Fear Of Missing Out). FOMO refers to the fear that one might miss out on potential profits if they don't participate in a rapidly rising market. It drives traders, even veterans, to enter the market hastily without thoroughly researching or understanding the assets they are investing in, which is risky, as market conditions can change rapidly.
The MicroStrategy announcement states theย average purchase price as $31,168.00 USD per bitcoinย with a total cost of $5.90 billion USD. So the main question is, what should we, as traders, make of this great news? To answer this question fully, @Crypto Solutions provides some solid insights which you can access by clicking MicroStrategy's Strategic Bitcoin Acquisition: Strengthening Cryptocurrency Holdings and @ZyCrypto has shed more light on Spot Bitcoin ETF to Be Approved in Less Than 20 Days?
But rest assured, we are tracking the money trail, analyzing the moves of the business intelligence itself.
Nevertheless, quality information = real money #BTC . All indicators are pointing to the moon ๐๐๐๐๐๐๐๐. let us know about your Bitcoin price predictions upon the approval of the ETF applications in the comments below ๐๐.
โ ๏ธDisclaimer
This content aims to enrich readers with information. Always DYOR (Do Your Own Research) and invest using funds that you can afford to lose. All buying, selling, and crypto asset investment activities are the reader's responsibility.
