Hello my dear readers, in this post we will talk about how software analytics company MicroStrategy has recently added more bitcoin to its assets, members of the cryptocurrency community have reacted variously.
What is certain is that MicroStrategy CEO Michael Saylor announced that the company had made another bitcoin purchase. The move puts the company's total BTC holdings at 132,500 BTC, purchased for a total of $4.03 billion, but worth approximately $2.1 billion at the time of writing.
Of note, many praised the move, while others brought up some possible negative effects, one community member praised MicroStrategy's CEO, calling him a "rock star" whose mission is to bank the unbanked.
Others celebrated the new development by promising to join and buy more bitcoin themselves. However, not everyone is too enthusiastic about the company's cryptocurrency purchases. Some think this new move could trigger a new low in the price of the digital asset.
In a conversation on Twitter, bitcoin analysts Willy Woo and Dan Held shared their views on the MicroStrategy purchase. According to Woo, bitcoiners should not be happy about the company adding more BTC to its holdings.
The analyst argued that MicroStrategy accumulating more bitcoin poses centralization risks, as the company's decision-making is centralized. In addition, Woo suggested that it is better to celebrate adoption by ordinary people.
SOURCES CONSULTED
Cointelegraph MicroStrategy Bitcoin purchase divides the crypto community. Link
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