According to documents from the U.S. Securities and Exchange Commission on Monday, Strategy pulled out $356.9 million in one go in the week ending Sunday, acquiring 3,081 Bitcoins at an average price of $115,829 each. After this operation, Strategy's total Bitcoin holdings have reached 632,457 BTC, with a total expenditure of approximately $4.65 billion, averaging a cost of $73,527 per coin. Currently, Bitcoin prices are fluctuating around $110,000, and the unrealized gains from this holding are quite substantial.
Anyone familiar with Michael Saylor knows this is not his first time acting during a Bitcoin correction. Before this purchase, Strategy had already made two moderate acquisitions, including 430 BTC announced last Monday and 155 BTC the week before. Throughout August, Strategy purchased a total of 3,666 BTC, which, although reduced compared to July's 31,466 BTC and June's 17,075 BTC, reflects a steadiness in market fluctuations that far outpaces ordinary investors.
It's important to note that when Bitcoin drops from its highs, many people panic and rush to sell, fearing endless declines. However, Michael Saylor and his team act like a programmed algorithm, making purchases every time there's a correction. Some say this is 'wealthy recklessness,' but thinking it through, their average holding cost of $73,500 shows they have long since ingrained 'long-termism' into their bones.
What does holding over 630,000 Bitcoins mean? Based on the current price, this holding's market value has exceeded $70 billion. Moreover, looking at the buying rhythm, although the buying volume in August decreased, it seems more like a 'flexible adjustment' rather than a weakening resolve. After all, during the significant volatility of Bitcoin in June and July, they were bold enough to make substantial purchases, and now, as the market stabilizes, slowing down the pace demonstrates the robustness of their strategy.
This wave of operations undoubtedly injected a boost into the market. While ordinary investors are still anxious about short-term fluctuations, the big shots have already demonstrated what it means to 'hold firmly when optimistic and decisively increase positions during corrections.' Michael Saylor has said that 'Bitcoin is digital gold,' and his continuous purchases are like constantly voting for this viewpoint.
For us ordinary investors, this might be a signal worth pondering. In the crypto world, finding a logic you firmly believe in is more important than guessing price fluctuations, and taking action like Michael Saylor to stay committed is key. After all, those who can stand firm in the market's storms are often the ones who can see far and remain calm.
This matter is still developing, and there will be more information later; we can continue to discuss. But for now, Michael Saylor's actions have added a new case to the 'buying the dip textbook' in the crypto circle. #国产概念币集体爆发
