Swimming Against The Tide: Will MicroStrategy Climactically Dump 105,000 Bitcoin On The Market?

Swimming Against The Tide: Will MicroStrategy Climactically Dump 105,000 Bitcoin On The Market?
фото показано с : zycrypto.com

2021-6-23 13:07

If you thought MicroStrategy’s latest acquisition of an additional 13,000 BTC is all the gas needed to pump Bitcoin up for its much-anticipated bull run, then think again.

At least, that’s what top die-hard crypto-critic Peter Schiff wants you to do.

Barely an hour after Michael Saylor announced his company’s acquisition of $489 million worth of Bitcoin, bringing their total BTC wallet to 105,085 BTC, Peter took to Twitter to respond saying:

“That’s pretty bearish that you already bought all that Bitcoin and the price kept dropping anyway“

Bitcoin has lost over 2.35% ($756) of its value since the announcement and is currently trading at $33,968.80 as of the time of reporting.

BTCUSD Chart By TradingView

Peter Schiff, whose son recently purchased bitcoin with loaned money, has remained a fierce critic of the activities within the crypto space, touting other long-established investment choices like gold and silver as more viable and durable.

Buying The Dip or Prepping for the Beep?

A good number of optimistic bitcoin enthusiasts in the industry have lauded Saylor’s efforts to lead by example and buy the dip. They believe such acts could spur confidence in skeptical investors uncertain about the next turn for Bitcoin.

Saylor’s latest purchases put MicroStrategy at risk but hope to send a message of the crypto billionaire’s commitment to the course both in words and action. One that he remains optimistic of its benefits in the long run.

On the other hand are pessimists who believe Saylor is up to no good. The action may well seem like a gesture to pump up the market for a false-bull run. One that can wet the ground for some large-scale dumping to recoup losses. At least, that was the question raised by journalist Layah Heilpern.

Why Is Bitcoin Slow To Take Off Again?

Some critics attribute the lag behind Bitcoins projections as partly stemming from the acts of short-term holders, the government’s tightening grip, and the emergence of a wide range of ‘intrinsically valueless’ coins hurled onto the big stage by influencers to compete for dominance and market share with bitcoin.

But as Cryptoquant on-chain analyst Ki-Young Ju has shown, Saylor may well be swimming against the direction of other whales who are rushing to heap most of their BTCs into exchanges.

If this is a pure act of crypto altruism or a part of one grand sinister dump plan, only time will reveal. 

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microstrategy bitcoin run think pump much-anticipated again

Источник: zycrypto.com

microstrategy bitcoin → Результатов: 126


Фото:

MicroStrategy to raise $2B with ATM offering as shareholders accrue more Bitcoin per share

Quick Take Q2 2024 Highlights On Aug. 1, MicroStrategy announced its Q2 results, highlighting a significant milestone as its total Bitcoin holdings reached 226,500 BTC. The company reported several key financial moves in Q2 2024, according to their quarterly presentation, including raising $800 million through 2032 convertible notes, calling $650 million of 2025 convertible notes, […] The post MicroStrategy to raise $2B with ATM offering as shareholders accrue more Bitcoin per share appeared first on CryptoSlate.

2024-8-2 14:00


Hedge Fund Goes Long Bitcoin, Short MicroStrategy: Details

Kerrisdale Capital, a hedge fund, today disclosed a nuanced investment thesis: going long on Bitcoin while concurrently taking a short position on MicroStrategy shares. This move is predicated on the assessment that MicroStrategy, which has positioned itself as a de facto Bitcoin investment vehicle, is trading at a significantly unjustified premium to the underlying cryptocurrency […]

2024-3-29 01:00


Brace For Impact: MicroStrategy Is Planning Another $500 Million Bitcoin Purchase

American business intelligence and software development company, MicroStrategy has unveiled new plans to acquire an additional Bitcoin, further bolstering its already substantial BTC holdings. MicroStrategy Mega Bitcoin Purchase In The Works In a recent press release published on MicroStrategy’s official website, the software development company announced plans to raise $500 million in convertible debt offerings to purchase more Bitcoin.

2024-3-14 16:00


MicroStrategy’s Bold Bitcoin Bet: A Thrilling Tale of Profit and Persistence

MicroStrategy’s steadfast belief in Bitcoin has proven to be a wise investment strategy, as the company’s significant BTC holdings have begun to yield substantial returns. Despite facing challenges such as the bear market and industry crises, MicroStrategy remained committed to accumulating Bitcoin, and their patience seems to be paying off. $200M In Profit For MicroStrategy […]

2023-7-5 09:30


1 in every 138 Bitcoins are now owned by MicroStrategy, but it doesn’t make much sense

Key Takeaways MicroStrategy has purchased another thousand Bitcoin, taking their holdings to 140,000 at an average price of $28K The total investment is now $4.2 billion, with the company’s fate tied to the Bitcoin price CEO Saylor remains ultra-bullish, but has no regard for risk management For investors, someone may as well just purchase Bitcoin […] The post 1 in every 138 Bitcoins are now owned by MicroStrategy, but it doesn’t make much sense appeared first on CoinJournal.

2023-4-6 16:35


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