MicroStrategy Acquires Thousands of Bitcoins Again, Here's the Total Amount in Its Latest Purchase
On Monday (25/9/2023), MicroStrategy announced the purchase of 5,445 Bitcoin units worth US$147.3 million. The company made purchases at an average price of around US$ 27,053 per token. This purchase was made in the period between August 1, 2023 to September 24, 2023, as reported by MicroStrategy Co-Founder, Michael Saylor on Twitter.
More Profitable Bitcoin Conversion for holders
Apart from the purchase made by Michael Saylor, there is some debate regarding the conversion of Bitcoin to US dollars and rupiah. According to Suara.com, there are several considerations you need to think about when choosing whether to convert Bitcoin between these two currencies. Here are some things to pay attention to:
Current Bitcoin Price
First of all, it is important to monitor the current price of Bitcoin. If Bitcoin prices are high, then converting to IDR may be more profitable because you will get more rupiah for each Bitcoin converted.
Exchange Rate Fluctuations
Bitcoin exchange rates against IDR and USD can fluctuate rapidly. If you convert Bitcoin to IDR and then the rupiah exchange rate weakens against USD, you may feel disadvantaged. Therefore, it is necessary to consider the stability of the currency you choose.
Conversion Costs
Always consider the fees charged by the platform or exchange service when converting Bitcoin. These fees can vary between services, and lower fees can increase your profits.
Purpose of Money Exchange
What do you want to achieve with the Bitcoin conversion proceeds? If you need to use money in local currency (IDR) for local transactions, then converting to IDR may be more practical and make daily transactions easier. However, if you are planning international investments or transactions, then USD may be more useful as it is more widely accepted on a global level.
