MicroStrategy Bought the Dip, Did You?

Microstrategy bought 328 bitcoin for about $15 million with an average price of $45,710 per BTC. That means they basically bought the bottom of the current range.^[1]

That means that people selling the bottom were basically selling to Microstrategy.

MicroStrategy has purchased an additional ~328 bitcoins for ~$15.0 million in cash at an average price of ~$45,710 per #bitcoin. As of 3/1/2021, we #hodl ~90,859 bitcoins acquired for ~$2.186 billion at an average price of ~$24,063 per bitcoin. $MSTRhttps://t.co/fGH5KacsPI

— Michael Saylor (@michael_saylor) March 1, 2021

1. MicroStrategy spends $15 mln more to buy bitcoin. Reuters.com.