U.Today – With its portfolio, MicroStrategy is almost ready to hit an incredible milestone, closing in on $7 billion in profit. Bitcoin is approaching $7,000,000, suggesting that the company’s aggressive accumulation strategy is working. This latest development is a testament to MicroStrategy’s long-term strategy, which has seen the company become synonymous with massive investments in Bitcoin under the leadership of CEO Michael Saylor.
The company’s approach was quite basic: buy Bitcoin at various prices, regardless of the state of the market, and hold it as a reserve asset. Due to its consistent purchase of Bitcoin during market downturns, MicroStrategy has demonstrated a methodical approach to dollar-cost averaging.
By using this strategy, they can spread their investments over time rather than making enormous one-off purchases. Their overall average dollar cost therefore remains well below the current market price, which provides them with a buffer against volatility. In terms of momentum, MicroStrategy has been buying at key market moments following significant corrections and uptrends.
This strategy is consistent with their long-term view of Bitcoin as an inflation hedge and store of value. Importantly, the portfolio tracker shows that despite a few short-lived setbacks, this approach has put the company in a very profitable position as Bitcoin continues to grow.
The value of MicroStrategy’s shares could skyrocket on the back of Bitcoin, which is currently trading at $65,000 and appears headed higher, especially if it exceeds $70,000. This is especially critical because it increases demand as more institutional investors view Bitcoin as a true asset class.
