MicroStrategy now owns approximately 91.6k Bitcoin.
It seems that MicroStrategy just won't stop buying Bitcoin, as CEO and Bitcoin permabull Michael Saylor recently announced that the company has bought another 253 Bitcoins. As a result, the company now holds 91,579 BTC acquired for a total of $2.226 billion. MicroStrategy is on a mission to remove all BTC liquidity from exchanges, and that's definitely a good sign for the future of the space.
Michael Saylor just can't stop shilling BTC on Twitter, and it's more than obvious that the man is putting his money where his mouth is. The dictionary definition of leading by example, and I believe his Bitcoin noise will start a domino effect of crypto adoption, with BTC being the gateway drug. Soon enough all this money flowing into the space will look for better alternatives, and thus, I believe we are in for a massive altcoin season in the following months.
The best part is that Saylor has been hinting that the BTC tokens purchased are not for sale, at least for the time being. The man sees true potential and believes crypto is here to reshape the way we communicate value to each other and perform transactions on a global scale, and actions speak louder than words. I seriously expect him to keep buying up and gathering all BTC he can get his hands on.
On April 5, 2021, MicroStrategy Incorporated (the “Company”) announced that it had purchased approximately 253 bitcoins for $15.0 million in cash, at an average price of approximately $59,339 per bitcoin, inclusive of fees and expenses.
As of April 5, 2021, the Company holds approximately 91,579 bitcoins that were acquired at an aggregate purchase price of $2.226 billion and an average purchase price of approximately $24,311 per bitcoin, inclusive of fees and expenses.
Source: sec.gov
This is great news for BTC and the crypto industry in general, as it basically means that there will be much more institutional money flowing in the space in the years to come. 2021 is already proving to be a great year for the space, with payment giants, corporations and central banks entering the fray and making positive public statements, and it appears that one has to remain wired 24/7 in order to keep up with all the positive news coming out.
With people like Saylor promoting BTC and articulating what those of us invested in the game think, the future of the space looks bright. BTC doubters and no-coiners will soon have to eat their words and accept their defeat. The worst part is they will all be in a hurry to buy Bitcoin after it crosses the $100k mark. But you know, that's just a wild guess.
Here's a nice cheat sheet I stumbled upon while browsing Saylor's Twitter page.
Use it to shred crypto doubters.
Outflows of Bitcoin from exchanges have been breaking one record after another over the last couple of months, making BTC much scarcer and applying upward pressure to its USD price. Taking into account the ever-growing popularity of the crypto space, and also considering that Q2 2021 has just begun, I think it's safe to assume that Bitcoin is gearing up for a massive run towards the end of the year. This is just speculation though, so take everything you read in this post with a pinch of salt, and always DYOR.
One thing is certain: people like Saylor do know what they are doing with their money. They didn't just become who they are out of pure luck. Their success is the product of extensive research; they always keep an eye out for great opportunities and have the knowledge and wisdom to foresee trends and understand value. They have always been one step ahead of the herd, and that's exactly the case with their involvement in crypto.
Whatever you do, don't sell him your BTC.
I'm sure he will find some more to grab.
I know for a fact I am not going to be the one to sell him my BTC. It is more than obvious that we are now heading towards a fully digitized future, so there is no way on Earth I am selling my BTC before selling can completely transform my life. It's a one in a lifetime opportunity for each and everyone of us involved in the game, so let's make the most of it by being patient. Crypto hasn't gone mainstream yet, but inevitably it will.
Just like the internet unified the ways in which we communicate, the internet of money will undoubtedly reshape the way we transact. It's already in the works, and those invested in the game for a long time will soon reap the reward. The world as we know it is changing at a rapid pace, and technology is improving the quality of life and enabling us to generate more wealth than ever before. The internet economy is blowing up, and this is acting as a catalyst for crypto adoption. We are talking about exponential growth.
I'm going to keep stacking and staking. I just refuse to sell my crypto. There's a storm coming that the weatherman couldn't predict. What about you? Are you ready for what's coming? Have you filled your bags yet? Do you think we've seen it all? Or are we in for a massive bull run that will make all previous peaks and dips look flat? I would love to hear your thoughts in the comments below.
Thank you for your attention.
Alright guys, that's it for now. Thank you for taking the time to read these lines.
Just my two cents. This is by no means financial advice. Just sharing my personal views and experiences. Please do not take my word for your investment choices, and always do your own research.
Stay safe and have a good one,
