MSTR’s latest BTC buy shows Saylor’s strategy relies on 2 things: “numbers go up” and exciting the less sophisticated herd.
MSTR issued $561mm of stock between Dec 16-22. And bought $561mm of BTC at $106,662 – and he’s already lost 10% on that latest BTC buy over the weekend.… pic.twitter.com/QHdcjlzcW1
— Novacula Occami (@OccamiCrypto) December 23, 2024
This looks like a very normal chart.
Nothing strange about it. pic.twitter.com/CMUNUYKTvg
— Reef Insights (@ReefInsights) December 23, 2024
The average is above 62k now lmao
So MSTR isn’t just solely the reason BTC kept grinding higher, they also completely messed up their massive bag of 444,262 BTC by DOUBLING their average cost in a few months.
Last month the average was only around 40,000. Years of “strategic accumulation” completely ruined by a single month of degeneracy.
Meanwhile… https://t.co/WVIiVuJ0NH pic.twitter.com/6p7hBP4pm9
— The Great Martis (@great_martis) December 23, 2024
It's been over 10 days since Tether last minted unbacked USDT to artificially inflate prices in the crypto markets.
In case you're wondering why the market is bleeding.
— Jacob King (@JacobKinge) December 23, 2024
double down on fartcoin, by all means retards, by all means pic.twitter.com/ntk7QY8vKm
— Martin Shkreli (@MartinShkreli) December 23, 2024
Bitcoin has confirmed a Bearish Engulfing candlestick formation$BTC #Crypto #Bitcoin https://t.co/KnIptVe958 pic.twitter.com/XwUWCkjTvM
— Rekt Capital (@rektcapital) December 23, 2024
Wait a second….I thought we were all #HODLing. pic.twitter.com/xTNXYADLxp
— Lance Roberts (@LanceRoberts) December 23, 2024
h/t alesia123456