Why is MicroStrategy still crazily buying bitcoin? Does the favorable factors after the election mean we haven't seen the true peak of bitcoin yet?
This time, MicroStrategy bought another 27,200 bitcoins, spending $2.03 billion! You heard that right, the average price per bitcoin is $74,463. This is their largest bitcoin transaction since December 2020. Moreover, by the time the announcement was made, they had already netted a profit of $270 million—this company is simply 'buying bitcoin like buying groceries.'
Since starting the 'hoarding mode' in August 2020, MicroStrategy's stock price has increased 26 times. You might be curious, what exactly is this company doing? In the words of their chairman Michael Saylor, their goal is to hedge against inflation, but the result has become a 'bitcoin fund wrapped in a US stock shell.'
Speaking of which, this year's 'Trump trade' has indeed brought about favorable conditions, prompting bitcoin to soar to a historic high of $85,000. MicroStrategy quickly took action by raising a large amount of funds through newly issued shares for investment, it can truly be said that they are daring to think and act.
As of now, MicroStrategy holds 279,420 bitcoins, with an average purchase price of about $42,692. Based on the current price of $85,000, the value of these bitcoins has reached $23.4 billion! This makes them the second largest bitcoin holder in the US stock market, second only to the BlackRock Bitcoin Fund (IBIT).
At the end of last month, Saylor also announced an even crazier plan - to raise a total of $42 billion through stocks and bonds over the next three years, all to buy bitcoin!
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The above content is for informational sharing only and does not constitute any investment advice! Investment carries risks, and caution is required when entering the market!#BTC连续破新高，你看到多少？ #牛回速归，晒晒你的持仓？ #DOGE看涨情绪飙升 #DOGE飞”狗“在天 $BTC $DOGE $SOL
