At least Saylor is living up to his mantra. He bought the top again.
Discussion
why does he do that?
🤷 I guess Strategy buys whenever funds clear and their OTC has the coins. I find it funny how (almost) every time there is a big buy BTC drops instantly instead of going up. Why? OTCs want their liquidity back. Preferably for less than they sold it for.
The interesting thing I found was that he sold $80 million of MSTR for $354.40 per share ATM to fund most of that.
That's a good $20 per share over spot price.
Who'd be buying over spot price?
No. I only buy spot. I also don't buy Bitcoin via apps that charge stupid fees. for the purchase, for the withdraw etc. It all adds up and if you look at most apps they make a lot of money on those fees. like A LOT.