MicroStrategy Dey Show New Big Buy for Bitcoin After $1B Stock Offering, Dem Dey Look for Institutional Impact
MicroStrategy, wey Michael Saylor dey lead as executive chairman, don signal say dem dey plan to buy big Bitcoin again after dem announce $1 billion stock offering. Dis one happen as Bitcoin price still dey steady, e dey make market dey speculate say new institutional buying fit fit burst the current slow movement. For nine weeks straight, MicroStrategy don dey steadily increase their Bitcoin, just recently dem add 705 BTC for $75 million, total now na 580,955 BTC (value reach $61.4 billion) with unrealized profit of $20.6 billion. The new capital na through issuing 11.76 million shares of 10% Series A Perpetual Stride Preferred Stock at $85 each, e target institutional investors and support MicroStrategy aggressive Bitcoin buy strategy. Crypto traders dey watch moves like dis closely, because big institutional buys dey usually make Bitcoin market positive and price go up. Even though the final decision and amount for the next buy never confirm officially, traders suppose dey sharp for any wahala wey volatility and bullish momentum fit bring from more institutional entry. MicroStrategy still be the biggest publicly traded holder of Bitcoin, e dey represent institutional involvement for crypto sector.
Bullish
MicroStrategy dey continue to buy Bitcoin as institution and fit even dey buy more, especially after dem do big $1 billion stock offering. Historically, dis kain tins dey make market dey optimistic. When big institution dey buy like dis, e show say dem still reason Bitcoin, and dis fit make price rise and market dey hopeful. Traders dey always watch company big buying pattern well-well, and if dem confirm say dem buy again, e fit cause price to move up, especially if market no too dey do anything. Short term or long term, when big players like MicroStrategy dey do dis kain move, traders and investors dey see am as strong buy sign and e fit make more institutions and regular people dey interested.