Ah, Monday, the day that seems tailor-made for MicroStrategy to flex its Bitcoin muscles! Michael Saylor, the fearless Bitcoin enthusiast and co-founder of MicroStrategy, is at it again with another jaw-dropping Bitcoin buy. And this time, we're talking about a purchase made when Bitcoin's price soared past the mythical $100,000 mark!
But hold your horses, because right on cue, Peter Schiff, the perennial Bitcoin skeptic, chimed in with his usual disapproval. It's like clockwork!
Now, let's dive into the juicy details. MicroStrategy just bagged a whopping 15,350 BTC for a cool $1.5 billion, at an average price of $103,386 per Bitcoin. That brings their total Bitcoin stash to 439,000 BTC, worth a staggering $44 billion today. They originally shelled out $27.1 billion to amass this treasure trove.
The company's Bitcoin yield? A jaw-dropping 46.4% for the past quarter alone, and an impressive 72% for the whole year. It's like they're on a Bitcoin buying spree that just won't quit!
And as if on cue, our good friend Peter Schiff couldn't resist throwing some shade. He reckons that Bitcoin's price is bound to nosedive once MicroStrategy stops their buying frenzy. He even suggests creditors might force them to sell. Oh, the drama!
Stay tuned, because with MicroStrategy and Bitcoin, there's never a dull moment. Whether you're cheering or jeering, one thing's for sure – this crypto rollercoaster is far from over!
