The solution to everything is buying more Bitcoin apparently…
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tldr; MicroStrategy, led by Michael Saylor, is signaling another major Bitcoin purchase despite its stock (MSTR) declining by 43% year-to-date. The company currently holds 671,268 BTC, valued at $50.3 billion, and aims to lower its average cost basis while reinforcing its commitment to Bitcoin. However, it faces challenges, including potential removal from MSCI indices, which could trigger $11.6 billion in forced selling by passive funds. MicroStrategy defends its strategy, arguing against the MSCI proposal and emphasizing its dedication to Bitcoin despite market and regulatory pressures.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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The solution to everything is buying more Bitcoin apparently…
tldr; MicroStrategy, led by Michael Saylor, is signaling another major Bitcoin purchase despite its stock (MSTR) declining by 43% year-to-date. The company currently holds 671,268 BTC, valued at $50.3 billion, and aims to lower its average cost basis while reinforcing its commitment to Bitcoin. However, it faces challenges, including potential removal from MSCI indices, which could trigger $11.6 billion in forced selling by passive funds. MicroStrategy defends its strategy, arguing against the MSCI proposal and emphasizing its dedication to Bitcoin despite market and regulatory pressures.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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Ponzi gonna ponzi!