there is risk in this proposition but in this instance I’d like them being proactive in being reactive to the current trend with Bitcoin and buy more Bitcoin.
Larry fink from blackrock went on the morning shows over the weekend and spoke about Bitcoin. He actually understands it and is making bank from it. Blackrock (235k btc) already has more than MSTR (233k btc) hence why $MSTR are actually issuing notes for $1 billion @ .0625 Intrest to buy more after just doing the same thing last week. The price of $MSTR and the price of $btc have both moved up in the last week with MSTR outperforming Bitcoin.
if I was a betting man I’d bet $MSTR will do the same thing again when the ETFs aquire 10000 more coins because as the supply dries up for Bitcoin it will keep rising and being a btc proxy on the asx if digitalx assumed the same strategy the theory is that the share price will do the same. Watch the Larry funk interview on YouTube from the weekend, he really knows his stuff too
there is risk in this proposition but in this instance I’d like...
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Last
5.6¢ |
Change
0.010(21.7%) |
Mkt cap ! $48.51M | |||
| Open | High | Low | Value | Volume |
| 5.0¢ | 5.7¢ | 4.8¢ | $257.3K | 4.825M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 5.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 65116 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
5.6¢ |
Change
0.010 ( 19.2 %) |
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| Open | High | Low | Volume | ||
| 4.8¢ | 5.7¢ | 4.8¢ | 1151169 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| DCC (ASX) Chart |