EVER WONDER HOW MICHAEL SAYLOR KEEPS BUYING BITCOIN QUIETLY? HEREâS WHAT HEâS DOINGâźď¸
#Bitcoinâ Michael Saylor now owns over 3% of all Bitcoin. Last week, Strategy Inc. (used to be MicroStrategy) bought 397 $BTC for about $45.6M. The average price was around $114,771 per coin. Their total is now 641,205 BTC, worth about $47.5B. The average price for all $BTC is $74,047.
Some people worry that slower buying could slow Bitcoinâs recovery. Rumors of secret selling have caused doubt, even with Bitcoin around $91K. Saylor still expects $150K $BTC by the end of the year.
Why buying a little every day helps: ⢠Stops big price swings ⢠Reduces risk of buying at the wrong time ⢠Uses dollar-cost averaging ⢠Keeps Bitcoin support steady
Remember: Strategy owns more Bitcoin than any public company. Even small signs of weakness can cause panic.