MicroStrategy is making a splash again! 🎉 The company has just added to its Bitcoin collection by purchasing 2,136 BTC worth $209 million. With this purchase, their total savings have reached 446,400 BTC. Crazy, right?
- Michael Saylor, the co-founder, announced this purchase at an average price of $97,834 per BTC. Even though the price of BTC is now around $93,000, MicroStrategy is still making a huge profit with a savings value of $41.5 billion!
- Peter Schiff, a true BTC critic, is back to being sarcastic. He said that this purchase is not enough to push the price of BTC up. Hmm, I wonder if that's true?
What do you think? Will MicroStrategy's strategy be successful or risky? Let's discuss in the comments column!