- MicroStrategy continues to buy more BTC.
- The Reddit crypto community debates whether the strategy will make or break history.
- Michael Saylor’s strategy could turn the company into a trillion dollar company.
MicroStrategy just bought more Bitcoin (BTC) as the price of Bitcoin staggers around the $30,000 mark. In detail, MicroStrategy bought 12,333 BTC for $350 million this week. This amounts to around $28,000 per Bitcoin.
This purchase is what likely pushed the price of Bitcoin BTC closer past the $30,000 mark. It is truly remarkable how much the CEO and co-founder of MicroStrategy, Michael Saylor believes in the power of Bitcoin.
The man continues to display his support for Bitcoin almost every few hours on Twitter. More importantly, unlike every other Bitcoin enthusiast who simply preaches, Michael Saylor has certainly proven to put his money where his mouth is. So far Michael Saylor continues to buy Bitcoin (BTC) at every interval to take advantage of every Bitcoin dip.
While his tweets seem like philosophical rants, most Bitcoin believers see it for what it is. Saylor has completely embodied the philosophy of Bitcoin itself. To many in the crypto space he is a legend. However to some it causes massive anxiety as MicroStrategy continues to buy Bitcoin with its own company shares.
This is the same discussion taking place on the CryptoCurrency thread on Reddit. The conversation began as one Redditor claims MicroStrategy’s move to either become the smartest investment decision ever. However, the Redditor also says that in contrast it will bankrupt MicroStrategy instead.
Either way the community agrees that Michael Saylor is likely the ballsiest man in crypto and financial history. Additionally, no matter the result, the Redditor says that their Bitcoin investment strategy will definitely make it into History books.
According to the thread, Michael Saylor’s MicroStrategy holds a whopping total 152,000 BTC. This amounts to $4.52 billion in monetary value. The thread speculates that with a massive bullrun, the company could become a trillion dollar company and hopes to see this epic event happen.
