Relentless buying at higher highs keeps the crowd hooked—this ends poorly. History repeats: MicroStrategy led in Y2K and leads again now.

by
Sharing is Caring!


MicroStrategy’s $2 Billion Bitcoin Buy Is Largest Since 2020

MicroStrategy Inc. bought about 27,200 Bitcoin for around $2.03 billion, the largest purchase by the crypto hedge-fund proxy since just after it began acquiring the digital-asset more than four years ago.

The enterprise software maker, whose corporate strategy now includes buying the cryptocurrency, bought the tokens between Oct. 31 and Nov. 10, according to a statement on Monday. It’s the largest amount of tokens purchased since the firm announced in December 2020 that it snapped up 29,646 Bitcoin.

Bitcoin splurges to a new record high, topping a whopping $84,000

See also  The last time we saw a synchronized asset melt-up of this magnitude was exactly three years ago at the end of the pandemic. AI explosion will be the largest market meltdown in history.





See also  Inflation expectations reach 20-year highs; Powell may soon face a Volcker-style pivot

Views: 101

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.