Bull and bear double kill》BTC surged past $92500 and then sharply fell, MicroStrategy dumped another $4.6 billion and increased the position by 51,000 BTC.

Michael Saylor, founder of MicroStrategy, announced yesterday that MicroStrategy has once again increased its position in BTC, buying 51,780 BTC for $4.6 billion at an average price of $88,627 per BTC. This comes after last week’s announcement that MicroStrategy had increased its position by 27,200 BTC. Despite BTC’s fluctuating trend, MicroStrategy’s BTC holdings now amount to 331,200 BTC, with a total value of $299.54 billion and a cost of $16.5 billion. MicroStrategy’s BTC yield for this quarter is 20.4% and 41.8% YTD. It is worth noting that MicroStrategy used proceeds from the issuance and sale of shares (ATM program) to purchase BTC. In addition, encryption KOL Remo Uherek pointed out that MicroStrategy’s BTC holdings came from the company’s ATM program, which has used $5.7 billion to purchase BTC, leaving $15.3 billion for further increases. Cathie Wood, founder of Ark Invest, also stated that although BTC has surpassed its historical high of $90,000, it still has a long way to go before reaching its price target. In her view, BTC will reach $650,000 by 2030 and between $1 million and $1.5 million in the Bull Market.