04-05-2022, 10:24 PM
Institutions are continuing to buy Bitcoin even as prices are going up! Microstrateg
<!-- SC_OFF --><div class="md"><p>Microstrategy has apparently recently revealed that they have bought a further 4176 BTC to bring their total hodlings to a stupendous 129,218 BTC. I have to check if I even have that many Sats. They didnt buy em super cheap either — they paid an average of ~45k per bitcoin. Still lower than their average price of $46,742 per BTC.</p> <p><a href="https://www.coindesk.com/business/2022/04/05/microstrategy-buys-1905m-worth-of-bitcoin/">https://www.coindesk.com/business/2022/04/05/microstrategy-buys-1905m-worth-of-bitcoin/</a></p> <p>Then theres Luna Foundation Guard (LFG) who are still on their crusade to buy $10 billion of BTC to use as a backstop for UST. They bought even more — 5,773 in BTC over 2-3 days last week. This brings LFG's total to 30,728 BTC that is worth somewhere around $1.5 billion. Given that their target is $10 billion of BTC they are only 15% done</p> <p><a href="https://www.coindesk.com/markets/2022/03/30/bitcoin-holds-steady-as-luna-foundation-guard-slows-purchases/?outputType=amp">https://www.coindesk.com/markets/2022/03/30/bitcoin-holds-steady-as-luna-foundation-guard-slows-purchases/?outputType=amp</a></p> <p>Between these 2 purchases thats nearly 10,000 BTCs locked up for long term hodling. If thats not bullish idk what is!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/DrToxo"> /u/DrToxo </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/twvesb/institutions_are_continuing_to_buy_bitcoin_even/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/twvesb/institutions_are_continuing_to_buy_bitcoin_even/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Microstrategy has apparently recently revealed that they have bought a further 4176 BTC to bring their total hodlings to a stupendous 129,218 BTC. I have to check if I even have that many Sats. They didnt buy em super cheap either — they paid an average of ~45k per bitcoin. Still lower than their average price of $46,742 per BTC.</p> <p><a href="https://www.coindesk.com/business/2022/04/05/microstrategy-buys-1905m-worth-of-bitcoin/">https://www.coindesk.com/business/2022/04/05/microstrategy-buys-1905m-worth-of-bitcoin/</a></p> <p>Then theres Luna Foundation Guard (LFG) who are still on their crusade to buy $10 billion of BTC to use as a backstop for UST. They bought even more — 5,773 in BTC over 2-3 days last week. This brings LFG's total to 30,728 BTC that is worth somewhere around $1.5 billion. Given that their target is $10 billion of BTC they are only 15% done</p> <p><a href="https://www.coindesk.com/markets/2022/03/30/bitcoin-holds-steady-as-luna-foundation-guard-slows-purchases/?outputType=amp">https://www.coindesk.com/markets/2022/03/30/bitcoin-holds-steady-as-luna-foundation-guard-slows-purchases/?outputType=amp</a></p> <p>Between these 2 purchases thats nearly 10,000 BTCs locked up for long term hodling. If thats not bullish idk what is!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/DrToxo"> /u/DrToxo </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/twvesb/institutions_are_continuing_to_buy_bitcoin_even/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/twvesb/institutions_are_continuing_to_buy_bitcoin_even/">[comments]</a></span>Kind Regards R