#SaylorBTCPurchase
New bold move in the Bitcoin world! 🤯
Michael Saylor's firm, MicroStrategy (Strategy), reported a significant loss of $4.2 billion in the first quarter, or $16.49 per share. The main reason behind this loss seems to be the recent downward fluctuation in the price of Bitcoin, given that a significant portion of its assets is in BTC.
However, what really stands out is the company's response to this loss. MicroStrategy is not only holding firm to its Bitcoin strategy, but it is doubling down! They are looking to raise another $21 billion through a stock offering, with the main goal of buying even more Bitcoin.
This decision raises important questions about MicroStrategy's long-term conviction and risk tolerance in its bet on Bitcoin.
💬 What are your thoughts on MicroStrategy's decision to increase its Bitcoin holdings despite the reported losses?
Do you see this as a sign of unbreakable long-term vision and strong belief in Bitcoin's potential as a digital reserve asset? Or do you think it is too aggressive and risky a strategy, especially after reporting such significant losses?
❓ Do you believe this strategy will pay off in the long run?
Do you trust that the price of Bitcoin will recover and surpass current levels, justifying MicroStrategy's continued accumulation? Or do you see significant risks in concentrating such a large portion of the company's assets in a volatile cryptocurrency?
Share your thoughts on MicroStrategy's strategy and the future of its investments in Bitcoin. 👇