While Bitcoin was plummeting to 60,000 dollars, Michael Saylor surprised the entire market. His company Strategy invested 90 million dollars to buy 1,142 BTC at a price well above the market rate. This choice, far from being trivial, raises questions about the accumulation strategy of one of the largest holders of BTC in the world. Why buy so high in a declining market? And what are the consequences for investors and the dynamics of the sector?
The article Strategy buys Bitcoin at a greatly overvalued price! first appeared on Cointribune.
