JUST IN: Michael Saylor’s Strategy is now $630 million underwater, wiping out all of the firm’s $47 billion in unrealized profits from just 4 months ago as Bitcoin plunges below his average cost basis of $76,037.
Bitcoin is still up +550% since Saylor first started buying in August 2020, but because he purchased heavily near the top, the total return is currently -0.3%.
🔥 Historic day! Only 20% of my portfolio left on ETH — moved the rest into yield-generating plays with USDC/USDT 💸
Not a whale, but it’s honest work 🧠
Let’s see how it goes…
Strategies below
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Will place some other trades soon, stay tuned 👀
Currently looking at
$ALPINE
$ASTER
$LINK
$BNBTIGER (I saw they are getting listed on @MEXC_Official ) so this usually means a pump and dump … will keep an eye on it
People have been using $BTC as a hedge against inflation, once we start viewing Bitcoin as a legal tender in more countries and not comparing it with the USD there won’t be any real adoption… prove me wrong
Fidelity has been buying for the past four months and has expanded their web3 team by 200%. Check the data and job openings if you don't believe it. They know how to get retail money in and sell. They have dozens of quants—do you think you're smarter than them?
Fidelity has been buying for the past four months and has expanded their web3 team by 200%. Check the data and job openings if you don't believe it. They know how to get retail money in and sell. They have dozens of quants—do you think you're smarter than them?