It may be a strange way to view Michael Saylor's purchases but he's responsible for buying 130,000 BTC from sellers for a total of $3.980 billion. So at the very least, he's helped a lot of people cash out that had built up bags in the prior bear markets. We'll need another Michael Saylor next bull market to be the liquidity for the next group of profit takers.
MicroStrategy has an average cost basis of $30,639 per coin. It is in deeper than anyone in this sub and it's quite amazing to recognize the magnitude. I hope, for his sake, that MicroStrategy is able to hold all its Bitcoin and we see a new all time high before its loans payments become due. I 100% want his Bitcoin treasury strategy to succeed and pave the way for the next wave of corporate adoption.
We will see...
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