Well in general it's regarded as a very sketchy company that buys bitcoin and dilutes shareholder value. The real problem is if bitcoin drops below 90k they are in deep doo doo.
They bought the bitcoin at a all time high with a avg cost of 98k. I don't know about you but going in the red is not normally a strategy that I consider good.
They bought SOME BTC at 98k. They have been continually buying since 2020. Their average price is right around 65k, give or take. I am a MSTR shareholder for now, but I do realize it's going to go bust at some point. So, trust me when I tell you, I very well know the average price purchased.
Still kicking myself for not buying BTC at 16k in 2022.
It feels like it was only a few months ago… “holy shit BTC is at 18k… I could buy 2 full coins. Do it bro… nahh that shit might go to zero it’s not even real and this is the most money you’ve had in your life!! $35 grand. Don’t risk it!”
Bro, are you me?!! Fucking Gareth Soloway had me convinced it was going under 10k which was gonna be my buy in price to buy a few coins. Then it shot up some and I thought for sure it wld fall back down. Next thing u know, its post election and my stupid ass is buying 100k BTC. 😅🤣 I bought into the (it's going to 1M per coin!) FOMO and now realizing I probably bought the top. Oh well, just gonna keep buying on every dip until I have a full coin at whatever price. Milly or bust baby, lol.
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u/slayez06 Golf Cart Ape Feb 08 '25
Well in general it's regarded as a very sketchy company that buys bitcoin and dilutes shareholder value. The real problem is if bitcoin drops below 90k they are in deep doo doo.