THELOGICALINDIAN - On Friday the congenital and about listed business intelligence BI close Microstrategy appear the aggregation has acquired an added 10 actor in bitcoin The companys CEO Michael Saylor appear the latest acquirement on Twitter with a articulation to a Form 8K Securities and Exchange Commission SEC filing registered on March 5 2024
Microstrategy’s Bitcoin Buying Spree Continues
Microstrategy continues its bitcoin (BTC) affairs bacchanalia announcement it bought an added $10 actor account on Monday. The BI company’s CEO appear the new accretion on Friday, March 5, back he tweeted about the latest acquirement on Twitter. “Microstrategy has purchased an added ~205 bitcoins for ~$10.0 actor in cash,” Saylor wrote. “At an boilerplate amount of ~$48,888 per bitcoin,” he explained to his 598,000 Twitter followers.
Saylor added:
In accession to the tweet, Saylor additionally larboard a Microstrategy articulation that leads to a columnist absolution or scanned annual of the Form 8-K SEC filing. Of course, the Bitcoin association looked at the acquirement as a absolute and abounding bodies replied to Saylor’s latest announcement. “Should addition acquaint him the meme is ‘Stacking sats’ and not ‘Stacking 200 bitcoins?’ the accepted Twitter annual dubbed ‘Documenting Bitcoin’ wrote.
‘Microstrategy Discovered Bitcoin’s Potential Ahead of the Sleeping Herd’
Other bodies wrote that Saylor and Microstrategy accept already apparent the abeyant Bitcoin has to offer, and they appetite “to absorb the bitcoin market.” “He has apparent the abeyant advanced of the sleeping assemblage will acquire the rewards more,” Yasir Shaikh tweeted in acknowledgment to Saylor’s $10M in bitcoin acquirement statements. “I Believe anon Microstrategy will accept as big a bazaar cap as FAANG,” Shaikh added.
Microstrategy currently commands 0.4336% of the absolute 21 actor bitcoin accumulation cap and the close is advancing the 100k BTC milestone. It is the fourth better article listed on the web aperture bitcointreasuries.org abaft Grayscale, Mt Gox, and Block.one respectively. After the latest Microstrategy acquirement some alike jokingly said that Saylor and Microstrategy were absorbed to purchasing BTC.
First, you alpha with sats, again you alpha stacking a abounding bitcoin and can’t stop,” an alone wrote in acknowledgment to Saylor’s BTC acquirement advertisement on Friday morning.
What do you anticipate about Microstrategy’s contempo $10 actor acquirement of bitcoin and the company’s accepted backing of 91,064 bitcoins? Let us apperceive what you anticipate about this accountable in the comments area below.
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