MicroStrategy chose DCA over timing the Bitcoin market.
The investment firm bought 252,220 Bitcoins over 40 installments.
MicroStrategy has registered an overall profitable return of up to 62%.
Crypto market analysis platform Simply Bitcoin has pointed out MicroStrategy’s Bitcoin buying pattern, showing the investment giant has bought over $10 billion worth of Bitcoins in the last four years.
In a post on X, Simply Bitcoin observed that MicroStrategy chose the dollar-cost averaging (DCA) investment approach instead of trying to time the market in its Bitcoin journey.
Even a billionaire like @saylor and his company @MicroStrategy believe in dollar cost averaging, and not timing the market
They've purchased over ~$10bn worth of #bitcoin across 40 separate buys in the last 48 months pic.twitter.com/VlhkS94rdj
— Simply Bitcoin (@SimplyBitcoinTV) September 24, 2024
MicroStrategy is said to hold more Bitcoin than any other public company. While analysts believe the firm’s investment pattern involves a unique strategy of raising debt capital and using it to purchase Bitcoin, the number of BTC buys and timing suggest there’s more to MicroStrategy’s investme…
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