Microstrategy definitely occupies a special place in the heart of the cryptocurrency community. At a time when this company entered the crypto market, not many public companies were delighted with the adoption of bitcoins. However, under the leadership of Michael Saylor, the company adopted an aggressive investment strategy of BTC. Currently, it has at least 499 096 BTC tokens. Naturally, he made impressive headlines when the price of BTC reached a milestone of 100 thousand dollars. Since February 4, the BTC market has never closed above the level of 100 thousand dollars. Currently, the BTC price is about $ 88,724.95 – at least 11.26% lower than the milestone. Did it have any influence of the price of the MSTR market? If yes, is Sealor’s strategy failed?
Michael Saylor’s Bitcoins Buying Strategy
The key component of the Microstrategy BTC investment strategy is the averaging in dollars. DCA is a very simple investment strategy. Instead of investing a large amount of money at the same time, you invest a fixed amount of money through regular intervals.
This justifies why the company acquired BTC when the price was on a peak range of 95 thousand dollars. USA and 106 thousand dollars. USA.
Mass losses from recent bitcoins purchases
Since the peak of 106 thousand dollars, the BTC price has fallen by about 16.28%. In early February, the price was about $ 100,621,97. On the second day, it closed above $ 101,305,27. On the third day, the market saw how one day amounted to 3.49%. In the period from February 5 to 23, the market remained in the range of $ 98,290.71 and US dollars $ 95,678.10. On February 24, the market slipped below this assortment. Only in the period from 24 to 26 February, the market fell by 12.48%. Although in the period from March 1 to March 2, the market rose by about 11.77%, it could not recover from the previous correction. On March 3, the market decreased by 8.49%. Currently, the Bitcoins market is struggling to restore the range for 100 thousand dollars.
From this uncertainty in the market of Bitcoins, Microstrategy suffered a huge unrealized loss of $ 1 billion. The largest loss was purchased at 1.11 billion dollars. USA at a price of $ 105,596 for BTC.
What is next for Bitcoin Microstrategy Holdings?
The last BTC purchase by MSTR was registered on February 24. On that day, a public company acquired at least 20,356 BTC tokens for 1.99 billion dollars.
Currently, the total cost of the BTC Holdings Microstrategy remains at the level of 44,629 179,292 US dollars.
If Bitcoin does not recover, the company may have to rethink your strategy.
