mattaroo on Nostr: MicroStrategy bought 55,500 BTC over the past week for $5.4B. The company is now ...
MicroStrategy bought 55,500 BTC over the past week for $5.4B. The company is now holding a total of 386,700 BTC worth nearly $38 billion, acquired for $21.9 billion at an average price of $56,761 per coin. The NAV Premium currently at 2.362x is cheap. It will be at 8 to 10 soon. Maybe 2 to 3 years. MSTR, along with the ETF's, along with sovereigns' moving into the space is beyond bullish for BTC protocol into the future and for the price as well. This is not a retail asset anymore. I now know multiple multi millionaires (2 to 5 million) who cant buy a whole BTC at 99K. They don't have access to 100K of liquidity to make the purchase so they get what they can. I just stack as I can. I buy LEAP options of MSTR and have some exposure to the ETF for the sole purpose of being able to easily rotate out of them and into a small select bag of stocks as soon as they bottom at the same time BTC tops out.
Published at
2024-12-01 19:28:56Event JSON
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