#SaylorBTCPurchase ¡Incredible boldness in the bear market! 🤯 MicroStrategy's Michael Saylor reported an accounting loss of $4.2 billion in the last quarter, or $16.49 per share, mainly due to the recent drop in Bitcoin price. However, far from backing down, they are doubling down on their bet! The company is raising the astonishing sum of $21 billion through a stock offering, with the goal of DOUBLING their Bitcoin holdings and continuing their aggressive accumulation strategy! 🚀
Saylor's strategy is clear: he views Bitcoin as a superior long-term asset and an unparalleled digital store of value. Despite market fluctuations, his vision remains steadfast, seeking to accumulate as much BTC as possible. My opinion is that this is a high-risk play, but with an unshakeable long-term conviction. If his thesis on Bitcoin's dominance holds true, this aggressive accumulation could yield exponential returns. Do you think this brave strategy will solidify MicroStrategy as a long-term BTC giant, or is it too risky given the inherent volatility of the market?
Share your analysis! 👇