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MicrostrategyThe biggest Bitcoin company holder (BTC) has amazed the Crypto-Monnaies community. In particular, for the first time for a long time, Microstrategy bought or exchanged bitcoin last week. This development has left many shocked given the established model of the business intelligence society.
Is microstrategy in strategic change or made caution?
In a update by Michael Saylor Regarding development, he said that Microstrategy had decided not to sell any ordinary class A shares. This refers to the microstrategy stock program, which allows him to sell shares of his MSTR shares.
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Microstrategy has sold the MSTR to market price to increase capital since the first quarter, 2024. According to Saylor, unlike previous weeks, the business intelligence company also prevented any additional bitcoin for its assets.
The company has been on a wave of accumulation of bitcoin since its decision to adopt digital assets in August 2020. Consequently, development to refrain from buying more bitcoin, in particular with the drop in price, is important for investors.
Currently, Bitcoin transport in microstrategy is an impressive 471,107 BTC. The cumulative cost of this acquisition is around $ 30.4 billion at an average price of $ 64,511 per BTC.
This still leaves the micro-mettor to come, with unpaid profits of around $ 30,700 per BTC.
Mixed reactions of the cryptographic community
The update shared by Saylor has received mixed reactions from members of the wider cryptographic community. Many consider it commendable because it shows transparency and opening on microstrategy bitcoin transactions. More specifically, an X, @ jordonriver47 user, believes that this is a strategic decision for microstrategy.
With his report on future benefits, he sees MSTr’s actions soar. Then the company can sell more actions and buy more BTC.
However, some maintain that the business intelligence company could have a feeling of bitcoin, given the recent price volatility. They consider that this is curious that with a drop in bitcoin, the highest accumulator of the retained digital asset.
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Bitcoin continued to fluctuate, the price of prices as low as $ 91,242.89 during previous negotiation hours. However, the room rebounded shortly after and reached $ 99,397.65. Many market players have planned that the BTC would violate the level of $ 100,000 once again.
When writing these lines, the price of the BTC was change Hands at $ 94,611.40, which represents a drop of 4.19% in the last 24 hours.