Despite ongoing market skepticism, it does not prevent some institutions from executing their strategies. Bitcoin whale MicroStrategy has resumed action after a one-week pause—adding 1,229 BTC last week.
This move directly increased the company's average BTC cost to $74,997. You read that right, even with this sharp market decline, their Bitcoin holdings are still profitable, with unrealized gains maintained at around 16.5%.
This perhaps indicates that truly discerning institutions are not scared off by short-term fluctuations, but instead continue to accumulate during market downturns.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
4
Repost
Share
Comment
0/400
MEVSandwich
· 11h ago
Oh my God, MSTR's move... I was still hesitating, and they bought more.
Unrealized gains can still hold at 16.5%, that's just outrageous. Having money really allows you to do whatever you want.
Basically, it's the well-funded people bottoming out, and us retail investors can only watch.
1229 BTC was poured in over a week... now that's called faith.
Cost basis of 74,997? I'm envious. Do they all add to their positions like this?
Speaking of which, even with the market dropping so hard, it can't stop institutional actions. Does that mean there's something we don't know?
If I had known earlier, I wouldn't have cut losses... just look at their execution.
View OriginalReply0
GasFeeSobber
· 12h ago
Enough, enough, it's the same old story. Weice's operation is indeed ruthless, but I just don't know how long they can keep it up.
View OriginalReply0
NFTPessimist
· 12h ago
Hmm... MicroStrategy's move is quite aggressive, but to be honest, this kind of operation is just a joke for retail investors; they have plenty of bullets.
View OriginalReply0
LayerZeroJunkie
· 12h ago
Still hesitating? MSTR's move this time directly taught me a lesson, really fierce
Despite ongoing market skepticism, it does not prevent some institutions from executing their strategies. Bitcoin whale MicroStrategy has resumed action after a one-week pause—adding 1,229 BTC last week.
This move directly increased the company's average BTC cost to $74,997. You read that right, even with this sharp market decline, their Bitcoin holdings are still profitable, with unrealized gains maintained at around 16.5%.
This perhaps indicates that truly discerning institutions are not scared off by short-term fluctuations, but instead continue to accumulate during market downturns.