#MicroStrategyAcquiresBTC MicroStrategy bought 10,107 Bitcoins worth about $1.1 billion, at a price of $105,596 each. They now have 471,107 Bitcoins, worth more than $30.4 billion.
Many people are surprised, especially since Bitcoin then fell below $100,000. Did they rush or do they know something that we don’t? This company likes to buy Bitcoin all the time, so they may think that the price will rise again.
The issue also affected MicroStrategy’s stock, which fell 3.44% to $335.93. The market is unstable, and those who buy Bitcoin now are taking a risk, but is this a calculated risk or recklessness? What we know is that MicroStrategy does not intend to stop buying, and the question is: Will they make a huge profit or will the market deceive them? #JUPBuybacks