Hello!
6 hours ago Michael Saylor, the man that controlls almost 400,000 Bitcoin tweeted the following:
In addition to the photo, the tweet had also this sentence:
A possible blue-green imbalance on http://SaylorTracker.com?
What does this sentence mean? It could mean that he will press the buy button next Monday to accumulate more Bitcoin. The other times he mentioned this website, he bought. I don't expect this time to be different. I expect another huge buy order before Wednesday.
This website tracks every buy order from Microstrategy and the Bitcoin price. As you can see they started stacking sats August/September 2020, when Bitcoin was trading at $10,000. The best part is that they kept buying all the way up to $60,000. They also bought the top in various occasions, and they also bought all the way down to sub $20,000 in 2023.
It's the perfect example of Dollar Cost Averaging in Bitcoin. Their strategy is simple, raise capital via cheap debt or share emissions and use the proceeds to buy as much Bitcoin as possible, no matter the price.
He also announced that in the coming years they plan to buy almost 42 billion dollars in Bitcoin. At this rate they will be finishing next summer.
It's a true example of conviction. I wish him the best.
Have a great day!
Posted Using InLeo Alpha