$BTC
** MICROSTRATEGY JUST BOUGHT MORE #BITCOIN!**
*(Latest Update: June 2024)*
**Total Holdings:** **214,400 BTC** (~$12.86B at **$60,000/BTC**)
**Avg. Buy Price:** ~$35,000 (**BTC/USD**)
**Unrealized Profit:** **+$5.36B** (+71%)
**Latest Purchase:**
- **12,000 BTC** for **$821.7M** (March 2024, avg. **$68,477/BTC**)
- Funded via convertible notes & cash.
**Why It Matters:**
1 **Largest Corporate BTC Holder** (Even more than some ETFs).
2 **Never Selling** Saylors "**HODL**" strategy is unwavering.
3 **Bullish Signal** Big buys often precede **BTC/USD** rallies.
**Market Impact:**
- **MSTR Stock** **BTC/USD Correlation**: MicroStrategy (MSTR) is a leveraged Bitcoin bet.
- **Liquidity Effect**: Large buys can tighten supply on exchanges (**BTC/USDT**, **BTC/USDC** pairs).
**Saylors Famous Quote:**
*"#Bitcoin is the exit strategy for fiat."*
**Whats Next?**
- More BTC purchases if prices dip below **$60K**.
- Potential **BTC/ETH** rotation if ETF flows shift.
** Your Take?**
- Bullish on **BTC/USD** thanks to Saylor?
- Should other companies follow?
**#Crypto #Bitcoin #BTC #MicroStrategy**
---
### **Notes for Crypto Traders:**
- Track **BTC/USD** and **BTC/USDT** pairs for liquidity impacts.
- **MSTR stock** often leads BTC price movements in traditional markets.
- Large buys can trigger short-term volatility in futures (**BTC-PERP**).
