MicroStrategy buy 155 BTC, dey hold 628,946 BTC after 5 years
MicroStrategy don mark dia five year Bitcoin accumulation milestone by buying 155 BTC for $18 million, na im smalles tranche since March. Dis latest Bitcoin buy raise total holdings to 628,946 BTC, wey worth about $75.5 billion. Since August 2020, MicroStrategy accumulation dey mostly finance through debt issuance and Series A Preferred Stock sales, wey bring over $13 million for dis tranche. Year to date, Bitcoin price don rise by 27%, near $120,095, showing strong market momentum. Dis steady company investment show say institution trust dey grow for Bitcoin, fit tighten supply, boost market sentiment, and make MicroStrategy shares strong as proxy for BTC exposure.
Bullish
MicroStrategy dey continue dey buy Bitcoin, dem buy 155 BTC, e show say institutional demand still dey strong. For short term, e fit reduce supply and push price up. The $18 million buying, even though e no too big, e show confidence for Bitcoin long term value and fit boost market feeling, make more people dey buy. For long term, steady company buying and using debt money mean demand strong, make Bitcoin look better as inflation hedge and help price increase.