Michael Saylor: Let the Bitcoin shopping spree continue as MicroStrategy buys another 5,445 Bitcoin for $147.3 million
Michael Saylor does not play when it comes to Bitcoin and his company MicroStrategy, which he stepped down as CEO sometime last year continues to ride the Bitcoin wave, going on Bitcoin shopping spree back to back, adding more to its impressive holdings. Michael Saylor in a recent tweet announced that MicroStrategy has bought an additional 5,445 Bitcoins for $147.3 million, which puts their total Bitcoin holdings at 158,245 Bitcoins, which is now worth $4.68 billion. Their recent Bitcoin purchase of 5,445 Bitcoin was at the price of $27,053 per Bitcoin and their total Bitcoin portfolio was acquired at an average price of $29,582 per Bitcoin, which means they are technically at a loss but not for long.
MicroStrategy is keeping to its promise of buying more Bitcoin whenever they have excess cash, they are relentlessly stacking up ahead of the incoming Bull run which is smart, The best choice for anyone now that can afford it is to keep stacking up Bitcoin or any other notable Altcoin, now when it is still cheap compared to their all-time highs. Selling is never an investment in a bear market, but buying and HODLing is. As other investors and companies are skeptical of Bitcoin, Be like MicroStrategy and buy as much as you can with the funds you have available, do not take loans unless you have another source to pay back the loans. MicroStrategy is leading other companies in Bitcoin adoption and they are reaping the massive rewards. Other companies and investors that want to change their fortune should follow suit.
MicroStrategy buying more Bitcoins to their portfolio is like they are building a digital gold reserve. Smart move Michael Saylor and the MicroStrategy team.
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