This is an example of how large corporations think, always think outside the box, read the article:
MicroStrategy, a leading business intelligence company, has announced yet another significant Bitcoin acquisition. The company has purchased 2,138 Bitcoins for approximately $209 million, bringing its total holdings to 446,400 BTC.
MicroStrategy CEO Michael Saylor celebrated the new acquisition on his X account. The average purchase price of Bitcoins in this transaction was $97,837, bringing the company's total average purchase price to $62,428 per Bitcoin.
With this new purchase, MicroStrategy solidifies its position as the largest holder of Bitcoin among publicly traded companies. The company has already invested more than $27.9 billion in the cryptocurrency, and its reserves are currently worth around $41 billion.
The acquisition was funded through a share sale program by the company itself. There is still about $6.88 billion available under this program for future Bitcoin purchases.
This new acquisition demonstrates MicroStrategy’s continued commitment to Bitcoin as a reserve asset. The company continues to believe in the long-term potential of the cryptocurrency and its ability to create value for shareholders.
Moral of the story: Buy low, sell high.
