Some people buy the dip, some buy the Bitcoin bottom. With his latest BTC purchase, which one did Michael Saylor do? (Reporting via forgeforth_)
) — this time, the firm bought as close to the bottom as it’s ever gotten. While Bitcoin can always go lower, seeing a MicroStrategy buy around $17K is refreshing. Interestingly, MicroStrategy also sold some BTC earlier this month — but not for the reason you think
The final Crypto Biz newsletter of 2022 discusses MicroStrategy’s Bitcoin buy, Fidelity Investments’ foray into the metaverse, Changpeng Zhao’s response to haters and the collective woes of Bitcoin miners.MicroStrategy scooped up 2,395 BTC at an average price of $17,181 between Nov. 1 and Dec. 21. . It subsequently sold 704 BTC at a loss to offset previous capital gains. A few days later, the company bought an additional 810 BTC, bringing its total holdings to 132,500 BTC.Michael Saylor has been adamant that his firm plans to convert its fiat holdings into BTC for the foreseeable future and will continue to hold the flagship digital asset indefinitely. The current value of MicroStrategy’s Bitcoin is $2.
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