bullish

Bitcoin

Billion

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
With its <a href="https://u.today/bitcoin-btc-double-bottom-or-head-and-shoulders-dogecoin-doge-price-goes-through-5-surge-ethereum">Bitcoin</a> portfolio, MicroStrategy is almost ready to achieve an incredible milestone as it approaches a $7 billion profit. Bitcoin is getting close to $7,000,000, which suggests that the company's aggressive accumulation strategy is working. This most recent development is evidence of MicroStrategy's long-term strategy, which has made the company synonymous with massive Bitcoin investments under the direction of CEO <a href="https://saylortracker.com/">Michael Saylor</a>.&nbsp;
The company's approach has been quite simple: acquire Bitcoin at different prices independent of the state of the market and retain it as a reserve asset. Due to their consistent buying of Bitcoin during market downturns, MicroStrategy has demonstrated a methodical approach to dollar-cost averaging.&nbsp;
<img alt="Michael Saylor portfolio" data-entity-type="file" data-entity-uuid="c4291522-8a93-47a7-aa6c-02e27f013e19" src="https://u.today/sites/default/files/inline-images/image_1247.png">Source: <a href="https://saylortracker.com/">Saylortracker</a>
By using this strategy, they can spread out their investments over time as opposed to making large one-time purchases. Their total dollar-cost average thus remains significantly below the current market price, providing them with a buffer against volatility. Timing-wise, MicroStrategy has made purchases at pivotal times in the market, following both substantial corrections and bullish trends.&nbsp;
This strategy is consistent with their long-term view of <a href="https://u.today/michael-saylor-issues-bitcoin-to-moon-statement-as-price-tops-65000">Bitcoin</a> as a hedge against inflation and a store of value. Significantly the portfolio tracker demonstrates that in spite of a few transient setbacks, the approach has put them in a very profitable position as Bitcoin keeps rising.
The value of MicroStrategy's holdings could increase exponentially as a result of Bitcoin, which is currently trading at $65,000 and appears to be headed higher, particularly if it breaks $70,000. This is especially significant because it increases demand as more institutional investors view Bitcoin as a real asset class.

MicroStrategy's Portfolio Reaching $7 Billion Profit: Details

U_Today

Autres articles publiés le 27 sept. 2024

3 XRP Alternatives to Turn $1 to $1,000 by December

Coinpedia Fintech News

Bitcoin crosses $66,000 and altcoins explode upwards !

Worldcoin Price Prediction vs Bitgert: What to Expect in 2024?

Litecoin (LTC) Price is Rising: What's Ahead?

Propelled by crypto inflows, US ETF assets hit record $10 trillion

Join our free newsletter for daily crypto updates!