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MicroStrategy has bought another 328 bitcoin, bringing its total to 90,859 BTC.

MicroStrategy has bought another 328 bitcoin, bringing its total to 90,859 BTC.



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25 Comments

  1. Michael Saylor is either going to look like a genius or a complete idiot 5 years from now.

    Given that I’ve thrown my lot into crypto with him, I hope he comes out looking like a genius.

  2. How absurd is it that bitcoin could go to $1,000,000, and they would still have just a fraction of Bezos and Musk’s worth.

    Like that’s unfathomable. You could have 100,000 bitcoin, they could all shoot to 1 million each. You’d still have like half the worth of the richest fellas out there.

  3. Michael Saylor once gave an interview and said he went to sleep worrying about buying too little bitcoin, this was when he first started

    Gotta love this guy and his brand of institutional FOMO 💪💪💪

  4. tldr; MicroStrategy has bought another 328 bitcoin, bringing its total to 90,859 BTC. This comes less than a week after it spent over $1 billion on bitcoin. CEO Michael Saylor tweeted the holdings had been bought for around $2.186 billion, meaning the firm is already sitting on a roughly $2 billion profit.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  5. Unpopular opinion (hear me out!): from an economics perspective it’s worrying if companies all start accumulating Bitcoin like micro strategy as a “value proposition”. It means less money spent on research and development, innovation, etc. this happened before in history and created a massive deflation spiral. I really hope companies just use it as a cash reserve and not as a primary investment.

    Tl;dr: micro strategy is making accumulating Bitcoin their business, rather than providing a useful service to society. Not good if every company starts doing this.

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