MicroStrategy stock jumped 8%+ on Friday after founder Michael Saylor said it purchased another $1.1B worth of bitcoin, taking its bitcoin holdings to $14.6B
CNBC MacKenzie Sigalos
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Discussion
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@saylor
Michael Saylor
on x
MicroStrategy has acquired 18,300 BTC for ~$1.11 billion at ~$60,408 per #bitcoin and has achieved BTC Yield of 4.4% QTD and 17.0% YTD. As of 9/12/2024, we hodl 244,800 $BTC acquired for ~$9.45 billion at ~$38,585 per bitcoin. $MSTR https://www.microstrategy.com/ ...
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@peterschiff
Peter Schiff
on x
@saylor Averaging up is going to crush MSTR when Bitcoin collapses. I'm sure you will keep taking on more debt to buy even more Bitcoin on the way down. By the time Bitcoin breaks below $30K I'm sure your average price on an even larger position will be over $40K.