MicroStrategy Don Hit 592,345 BTC, Dem Raise 2025 Yield Target Amid $5.9B Law Suit
MicroStrategy still dey carry dey buy Bitcoin as dem dey do am serious way as dem buy 245 BTC for $26 million, the total wey dem hold now na 592,345 BTC with average cost of $70,681. The company don get 19.2% profit from their crypto treasury since the year start and dem don raise their target to make 25% profit by 2025. The money dey come from debt and equity, MicroStrategy see Bitcoin as better way to keep value and protect against inflation. Meanwhile, investors don file lawsuit worth $5.9 billion about how the company take dey do their accounting and the risk wey dey with Bitcoin. Even though market price drop inside the day below $99,000, the company still dey stick to their plan, showing say corporate demand still strong and fit help keep Bitcoin price waka.
Bullish
MicroStrategy di continue dey buy plenty Bitcoin show say di company get strong confidence and e add real buying pressure wey fit support price momentum. Even though di $5.9 billion lawsuit bring legal wahala and fit cause short-term price shakiness, di company raise di yield target and dey accumulate wisely mean say dem get optimistic long-term outlook for Bitcoin. Big institutional demand like dis usually dey linked with steady upward trends.