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2024-11-25 15:27:00

⚯ Michel de Cryptadamus ⚯ on Nostr: MicroStrategy's SEC filing reveals that they "acquired approximately 55,500 bitcoins ...

MicroStrategy's SEC filing reveals that they "acquired approximately 55,500 bitcoins for approximately $5.4 billion in cash, at an average price of approximately $97,862".

Bitcoin is currently $95k. A week ago it was $90k... and Saylor paid an *average* of $97,862!

I'm increasingly convinced that the vast majority of this huge pump in the price of bitcoin is just Michael Saylor's madness (and the madness of whoever is willing to pay $300,000 per bitcoin by buying shares of MSTR instead of just buying bitcoins for 1/3rd the price).

This won't end well.

#cryptocurrency #bitcoin #crypto #BTC #Saylor #MichaelSaylor #MicroStrategy #MSTR

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