Strategy Buys 4,020 Bitcoin for $427M

Bitcoin is a valuable asset in the market as of now and if we talk about the list of global assets then Bitcoin is on the list and it is doing better than many other giant companies that are also part of the list. Micro strategy is the company that has been buying bitcoins for a long time at different prices and it is still buying. The company has been rebranded as a strategy and the logo of the company name itself carries Bitcoin which shows how dedicated and focused this company is on Bitcoin as an asset.

They have been investing in this digital asset for a long on different prices and still their thought process about Bitcoin is the same. Recently they have purchased another bunch of Bitcoin worth 427 million US dollars and for this amount, they have got over 4000 bitcoins. To be precise this number is 402 0 which is a big amount and now we can see some recovery in the price of Bitcoin and it is again back to 110K US dollars.

Strategy (MSTR) has acquired an additional 4,020 Bitcoin for roughly $427 million, pushing its total holdings to 580,250 BTC, the company said. The latest acquisition was funded through three ongoing at-the-market (ATM) equity programs, according to a press release. At an average purchase price of $106,237 per coin for the latest tranche, the firm’s total bitcoin investment now stands at $40.61 billion with an average purchase price of $69,979.

We need to think that if a company is investing a hell amount of money in Bitcoin and they are expecting that it is going to be more valuable then we as individuals should also do something like this. It is very important to understand that we just can't put all our money in one asset and that is why diversification is very important. If we can diversify and put some percentage of our investment in this asset then you never know if things go well it can be very valuable.

In this market, it is also very important to keep ourselves updated and know how things are going so if we see that bigger institutions are buying Bitcoin then something is there that we are not aware of and you never know if that goes well and we get the right opportunity to invest and maybe this investment can grow significantly later on.

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