MicroStrategy founder Michael Saylor announced early this morning (30th) around 4 AM through the X platform that MicroStrategy has increased its holdings by $2.46 billion to purchase 21,021 bitcoins, with an average cost of $117,256. Currently, MicroStrategy's total bitcoin holdings have reached 628,791, accounting for about 3% of the global circulation.
The market value is estimated to be nearly $80 billion, far exceeding the accumulated cost of $46.8 billion. Despite MicroStrategy's ongoing accumulation, the price of bitcoin is still fluctuating at high levels, having once broken through $119,000 yesterday (29th) before retracing to around $118,200 to continue fluctuating!
The game of capital is truly interesting; when you think the price is high, institutions are still continuously buying in. This is the charm of capital that retail investors should deeply reflect on. The larger the capital, the bigger the actions; do not blindly follow. With whatever capital you have, use the corresponding strategy. In the case of not having a large overall position, it's best to focus on short-term trades to steadily increase your holdings, giving up on the dream of making dozens of times on long-term investments.
