MicroStrategy buys another 660 Bitcoins

in #bitcoin2 years ago

MSTR just keeps buying...

What would be the perfect position to be in?

To have a company that generates hundreds of millions of dollars in free cash flow to continuously purchase bitcoin with?

Well, that's precisely the position that MSTR finds itself in.

The money rolls in from their business and then it's used to buy and hodl bitcoin.

Not only that but then they also issue debt to buy even more bitcoin.

Sounds like a pretty awesome position to be in, no?

Michael Saylor and co have a very good thing going...

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(source: https://twitter.com/saylor/status/1488498422495817728)

Now just wait until a few more companies start doing the same thing...

Sort:  

it will get very interesting

Upvoted! Thank you for supporting witness @jswit.
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Upvoted! Thank you for supporting witness @mygri

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