Oddbean new post about login | logout JUST IN‼️ Michael Saylor’s MicroStrategy just bought another 850 #Bitcoin worth $37.2m https://image.nostr.build/b5edde7fd6f0313595db998df4e509a8450a81bf5291592f520af56c527d3abf.jpg
Only 7.26 Microstrategy's-worth of Bitcoin left to mine over about the next 116 years. 🤝
And all that without raising the price. The sellers must be either: - trying to manipulate the price down for whatever reasons, or - massively urgently need loads of cash for some expensive purchases, or - are obliged to sell to Micro Strategy at a low price, or - are obliged to sell to ETFs at a low price, and Micro Strategy happened to know about their plans and had stacked all that cash to be able to pick up the crumbs.
First Bitcoin Development Company! 👍🏻
