When it comes to the crypto market, you will hardly find any day that is dull or void of the constant fun happening within the market. Either Bitcoin is topping every other cryptocurrency and dominating the market by scoring an all-time high or plummeting closer to the lowest price of the year, i.e., in a price dip. But there is one constant element here: MicroStrategy, the business intelligence-based company led by Michael Saylor, the CEO of MicroStrategy.
MicroStrategy is always speculating Bitcoin, the turns that it is making, and the bullish and bearish trends that it is hitting from time to time; MicroStrategy almost knows everything and is the first one to buy more Bitcoin during every market dip. Is it a coincidence, or is it by design? It seems that the latter aspect is more apparent in this situation. MicroStrategy is a business intelligence company, so it relies on the constant feeding of data and then interpreting what it means through smart processing algorithms and making decisions.
MicroStrategy will Continue to Buy Every Market Dip
MicroStrategy is scanning the market for possibilities at every price dip, and when it has found something that is really worth its time, the company will not refrain from going at it at any given price. Recently, MicroStrategy has successfully bought Bitcoin in the market crash by conducting an offering worth $500 million for senior secured notes that came for them at an annual interest of 6.125%, way more than what is suitable for such a deal.
Since the very August of last year, the firm has done nothing but buy Bitcoin when the cryptocurrency was at its lowest and has managed to build an empire for them. No matter the price, hardship, or challenges thrown towards MicroStrategy, it has managed to tackle everything and still managed to get its way. Today the whole empire that MicroStrategy has built for itself is estimated at around $3.8 billion, which seems a pretty decent success, and given the fact that the market does behave in the upcoming years, MicroStrategy’s crazy Bitcoin buying frenzy seems to have paid off.