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16 Comments
tldr; MicroStrategy has announced the acquisition of 15,350 BTC for approximately $1.5 billion, increasing its total Bitcoin holdings to 439,000 BTC, valued at $45 billion. This purchase comes ahead of its inclusion in the Nasdaq-100 index, effective next Monday. The acquisition was funded through the sale of 3,884,712 shares, generating net proceeds of about $1.5 billion. MicroStrategy’s Bitcoin investments have yielded a 72.4% return year-to-date. The company’s inclusion in the Nasdaq-100 is expected to enhance its financial flexibility for future Bitcoin purchases.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Peter Schiff on twitter:
> Just as I suspected. Imagine how much lower the Bitcoin price will fall when you stop buying. Then imagine how much lower it will go when creditors force you to sell.
How mad is this guy
If you need a reason to tell your wife why you want to buy BTC, Michael Saylor is a good one.
>!Oh wait, you guys don’t have wives.!<
Microstrategy is buying for the 6th week in a row.
I wonder how many more consecutive times they will buy.
Amazing!
And the good thing is that they are not planning to sell xD
Getting ready to buy the Earth.
Saylor wants to buy every ath out there
And price pumped this time
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People don’t realize this is bad. This is exactly what Bitcoin is NOT supposed to be.
A single company owning nearly 3% of the supply is bad and will come back to bite us in long term.
The most shocking news you’ll hear all day
He is going to his purchase so many more after Microstrategy is listed
If yall blindly believe this is good, long term this most likely will come to bite us in the ass
Lets not forget Saylor has a history of FRAUD
Someone needs to compete just as hard as Saylor and MicroStrategy.
Leave some for the rest of us
It’ll be sick if he pull the biggest rug pull in history of crypto 😂😂
Saylor pumped us to new ath of 106k. He says make a new ath or i will