MicroStrategy has gone very macro with its CEO, Michael Saylor, announcing the company has bought another $400 million worth of bitcoin up to this Monday. They say:
“On November 29, 2021, MicroStrategy Incorporated (the “Company”) announced that during the fourth quarter of the Company’s fiscal year to date (the period between October 1, 2021 and November 29, 2021), the Company purchased approximately 7,002 bitcoins for approximately $414.4 million in cash, at an average price of approximately $59,187 per bitcoin, inclusive of fees and expenses.
As of November 29, 2021, the Company holds approximately 121,044 bitcoins that were acquired at an aggregate purchase price of $3.57 billion and an average purchase price of approximately $29,534 per bitcoin, inclusive of fees and expenses.”
So we have a war between doomers and mooners. Tune in to see who will win as the show continues.