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MicroStrategy Buys the Dip - Again!
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MicroStrategy Buys the Dip - Again!

MicroStrategy has bought another 3,900 BTC and is as committed as never before

Fabian Klauder
Aug 27, 2021
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MicroStrategy Buys the Dip - Again!
newsletter.defitimes.io

Hey DEFI TIMES community,

Michael Saylor is probably Bitcoin’s biggest supporter. MicroStrategy was the first publicly-traded company to ever invest a significant portion of its treasury in Bitcoin.

In late 2020, MicroStrategy basically bought bitcoin on a weekly basis - making headlines and buying their way to become a legendary company.

Surprisingly, MicroStrategy has been quiet lately. But this week, Michael Saylor announced on Twitter that MicroStrategy has bought an additional 3,900 bitcoin - for a combined of $177 million!

Twitter avatar for @michael_saylorMichael Saylor⚡️ @michael_saylor
MicroStrategy has purchased an additional 3,907 bitcoins for ~$177 million in cash at an average price of ~$45,294 per #bitcoin. As of 8/23/21 we #hodl ~108,992 bitcoins acquired for ~$2.918 billion at an average price of ~$26,769 per bitcoin. $MSTR
MicroStrategy Acquires 3,907 Additional Bitcoins with Proceeds from ATM Facility SalesMicroStrategy’s business analytics and mobility platform helps enterprises build and deploy analytics and mobility apps to transform their business.microstrategy.com

August 24th 2021

7,728 Retweets37,702 Likes

As of today, MicroStrategy holds more than 108,900 bitcoin on its balance sheet. 

To put it into perspective: MicroStrategy owns more than twice as many BTC as any other publicly traded company in the world. After MicroStrategy comes Tesla, which holds a little over 40,000 - as rumors suggest!

One thing is extremely interesting to observe: MicroStrategy has invested approximately $2.9 billion into BTC.

Right now, their holdings are worth $5.1 billion!

That means MicroStrategy’s Bitcoin investments made them more than $2.2 billion in total! Think about that for a second. The company started buying bitcoin only one year ago!

What a crazy journey!

That shows once again what one year in crypto can do to your business.

At this point, MicroStrategy has become a legendary business. MicroStrategy stock is basically a bet on Bitcoin with a much lower downside risk than Bitcoin itself. While most of MicroStrategy’s assets are stored in Bitcoin, they still have a running software business - which is profitable!

That means, even if their BTC investments go to zero, your investment in MicroStrategy equity won’t go to zero as well.

The MicroStrategy stock is a way for conservative investors to get indirect exposure to Bitcoin.

For me, it’s amazing to see how far Michael Saylor has come after one year of investing in Bitcoin.

Michael Saylor’s success speaks for itself. Money talks!

And one thing is very clear: The trend of publicly traded companies investing in Bitcoin is definitely not over yet!


Subscribe to our newsletter to level up your crypto game!


BENQI hits $1b in TVL

Twitter avatar for @defitimesDEFI TIMES @defitimes
.@BenqiFinance crossed over $1B in TVL! This comes after @avalancheavax announced the new liquidity mining program! DeFi on Avalanche is exploding! 🚀
defitimes.io/news/benqi-hit…
BENQI

August 23rd 2021

2 Retweets4 Likes

BENQI, a money market protocol on Avalanche, has hit $1b in TVL after the recent liquidity mining incentive program was announced.

VISA bought a CryptoPunk

Twitter avatar for @VisaNewsVisaNews @VisaNews
Over the last 60 years, Visa has built a collection of historic commerce artifacts - from early paper credit cards to the zip-zap machine. Today, as we enter a new era of NFT-commerce, Visa welcomes CryptoPunk #7610 to our collection.
CryptoPunks: Details for Punk #7610CryptoPunks are 10,000 collectible characters on the Ethereum blockchain. These are the details for Punk #7610vi.sa

August 23rd 2021

9,284 Retweets28,755 Likes

As part of their historic commerce artifact collection, VISA has bought a CryptoPunk. NFTs are truly on fire!

Optimism Custom Bridge

Twitter avatar for @optimismPBCOptimism @optimismPBC
Custom token bridging is now supported on an Optimistic Ethereum gateway near you!

August 26th 2021

63 Retweets305 Likes

Any ERC-20 token will now be supported on the Optimism bridge.

ENS <> DNS

Twitter avatar for @ensdomainsEthereum Name Service | ens.eth @ensdomains
We're pleased to announce full DNS namespace integration to ENS is now live on mainnet! 🍾🍾 This enables a DNS domain owner to import it for use on ENS. Those following ENS know this has been a long time in the making. 💪 Blog or 🧵 below for more:
medium.com/the-ethereum-n… 1/Full DNS Namespace Integration to ENS Now on MainnetWe’re pleased to announce that full DNS namespace integration for ENS is now live on Ethereum mainnet. This enables the owner of a DNS second-level domain name (a DNS name with one dot in it) to…medium.com

August 26th 2021

686 Retweets2,230 Likes

ENS now supports DNS namespace on Ethereum.

Hop Bridges Optimism

Twitter avatar for @HopProtocolHopProtocol @HopProtocol
Ethereum is scaling and Hop is bridging the gaps🐰 Say hello to Hoptimism: the first fast bridge connecting @optimismPBC to Ethereum and other scaling solutions. Transfer assets in and out of Optimism in minutes ⚡️
hop.exchange

August 25th 2021

124 Retweets514 Likes

Hop Protocol has integrated a bridge from Ethereum to Optimism. The L2 ecosystem is expanding!

YFI adds four new vaults

Twitter avatar for @iearnfinanceyearn.finance @iearnfinance
Four new yVaults are now live on our UI. Deposit today and earn yield on your $AAVE, $COMP, $TUSD, and $SUSHI. DeFi made simple. 🚀
yearn.finance/vaults
Image

August 23rd 2021

41 Retweets261 Likes

Yearn Finance has added 4 new yVaults: TUSD, AAVE, SUSHI, and COMP.

Lyra on Optimism

Twitter avatar for @lyrafinanceLyra @lyrafinance
⭐️We're proud to officially launch Lyra on @optimismPBC mainnet. ➡️
app.lyra.finance

August 25th 2021

88 Retweets324 Likes

Lyra, which is an optional protocol, has launched on Optimism mainnet.

Avalanche <> Ethereum

Twitter avatar for @avalancheavaxAvalanche 🔺 @avalancheavax
The #Avalanche Bridge (AB) has transferred nearly 1B in Ethereum assets since its launch on July 29. Now, $USDC is available for transfer on AB!
bridge.avax.network
Image

August 24th 2021

255 Retweets1,152 Likes

The Avalanche bridge now supports USDC. The trend is clear: The future will be interoperable.


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DISCLAIMER: All information presented above is meant for informational purposes only and should not be treated as financial, legal, or tax advice. This article's content solely reflects the opinion of the writer, who is not a financial advisor.

Do your own research before you purchase cryptocurrencies. Any cryptocurrency can go down in value. Holding cryptocurrencies is risky.


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