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#Microstrategy bought 11.931 bitcoin for 786 million dollar so at an average price of 65 879 dollar each bitcoin
Discussion
And now when the little buying spree from MSTR is over, the price is plummeting again.
They bought the bitcoin with the money from convertible senior notes. The intrest is 2.25% per annum. With a expiry date of 2032. So Microstrategy predict bitcoin will be higher than 78 714 dollar in 8 Years!!!
What it does in the short term it doesn’t matter for this position.
I’m 100% in #bitcoin and #MSTR
It was just an observation.
Yea, the saying is microstrategy buy every top, until now they buy every local top. If you have a timeframe of more than 4 years it doesn´t really matter. If you are a daytrader maybe it is something look for until it doesn´t work anymore.