MicroStrategy: Bitcoin gains and more optimism
- Significant Gain: MicroStrategy $MSTR added 6,120 BTC to its reserve holdings over the past week , a return of 1.36% of its total 45,000 BTC. At the current price of $105,000 per BTC, this is approximately $642.6 million.
- Statement by Michael SaylorMichael Saylor, Executive Chairman of the Company, described the earnings as evidence of the soundness of the Company's strategy and reiterated his unwavering confidence in Bitcoin as a unique asset. According to him, no other cryptocurrency competes with Bitcoin.
- Positive outlook: Experts predict that BTC's current growth may lead to a new all-time highs as early as the first quarter of 2025.
- Shareholder Strategy: The Company plans to continue to maximize returns for its shareholders through strategic Bitcoin operations.
MicroStrategy $MSTR remains the largest corporate holder of Bitcoin and an important player in the market, confirming its influence on the institutional adoption of this cryptocurrency.
I don't have anything in this stock yet. If the price goes even lower, I would think about it. I don't like the fact that the company is losing money.
I didn't get a chance to buy, unfortunately, so we'll see where the stock goes. But if there was a correction, I might have taken a position.
Now the company is doing well and owns almost 500,000 BTC, but for me it's too risky an investment.
The $MSTR may be rising now, but investing in it is a terrible risk. I'd honestly be afraid of what happens when BTC starts to drop significantly.