My grandma opened 10x BTC long at $40 with all her pension money. Now she is in front of screen all day waiting for bitcoin to hit $50K so she can became a millionaire at 82. I didnโt stop her coz she made 10x on Solana memecoins hype & made fun of my fundamental altcoins. #Write2Earn #btc
MicroStrategy ($MSTR) is up 65% when the price of $BTC reached $52,000. They have an unrealized profit of about $4 billion.
What's their strategy? Let's find out.
Let's digest this information.
1. MicroStrategy believes in #Bitcoin In 2020, they had 70,470 BTC Cost: about $1.125 Million Value: $1.545 Million They were up 37%
In 2021, they had 124,391 BTC Cost: about $3.75 Million Value: $6.12 Million They were up 63%
In 2022, they had 132,500 BTC Cost: about $4 Million Value: $2.2 Million They were DOWN 45%
In 2023, they had 189,150 BTC Cost: about $5.9 Million Value: $7.9 Million They were up 34%
Today they have 190,000 BTC Cost: about $5.95 Million Value: $9.8 Million They were up 65%
2. Buying Profile Top 5 biggest buy Dec 2020: 29,6464 BTC Aug 2020: 21,454 BTC Feb 2021: 19,452 BTC Sep 2020: 16,796 BTC Nov 2023: 16,130 BTC
The highest purchase happened when $BTC broke out from its 2016 ATH of almost $20k. The second purchase is the first-ever purchase of Microstrategy. The third one happened when $BTC traded at the price of $52.7K. The fourth purchase is the 2nd purchase made by $MSTR. The fifth happened 2 months ago.
3. Cheapest Purchase $10.4k per BTC (16,796 BTC) $11.6k per BTC (21,454 BTC) $16.7k per BTC (810 BTC) $17.8k per BTC (2395 BTC) $19.3k per BTC (301 BTC)
4. Bitcoin Sold Dec 22, 2022: 704 BTC ($11.8 Million)
Why sell?
MicroStrategy sold the 704 $BTC for tax benefit. To prove this, they bought 810 $BTC two days later.
5. Strategy
What's the strategy?
It's not Buy Low, Sell High. It is seen in the data that the company keeps buying in big chunks even if the price of #BTC is rising. Also, the company only sold once and not even 1% of its holdings.
Generally, this is a Buy and Forget strategy. But what makes this strategy effective is the CONSISTENCY. MicroStrategy is consistently buying #Bitcoin whenever they can.
Their strategy is simple and can be replicated. No fancy, no complexity - just CONSISTENCY.
Celsius has distributed $2 billion worth of crypto to 171,672 creditors
ย They transferred 20,255.66 #BTC and 301,338.77 #ETH ย
CelsiusNetwork, the crypto lender that filed for bankruptcy in 2022, said in a court document filed Friday that it has distributed most of the #Crypto owed to its creditors.
The distribution process started at the end of January and is on track to distribute $3 billion worth of crypto.
#BITCOIN SPOT ETF BUYERS HAVE AN AVERAGE ENTRY PRICE OF $42,500 AND NOW THEY ARE UP 16% IN JUST 30 DAYS OF LAUNCH WHICH S&P AVERAGE YEARLY RETURN IS 12%.