Acording to the official filing, the publicly-traded company bought 295 Bitcoin on 2 February. MicroStrategy now has a total of 71,079 BTC with a total worth of more than $2.5 billion
Along with more buys from the institutional side, the leading crypto exchanges are reporting their lowest BTC supply in the last 2 years as more BTC is moving to cold storage. Coinbase registered 14,000 BTC moving off the exchange on February 1.
Something doesn’t sit right with the CEO of this company Michael Saylor, me thinks.
He spends more time talking Bitcoin that working on his own business.
He IS the main institution buying Bitcoin and then he goes on youtube telling everyone how institutions are buying it
Hmm
He is definitely working the media. There is a lot more of that going around recently than I can remember. Or maybe it’s at the same level, but the powers that be are more open about it and actively trying to get in front of as many eyeballs as possible.