Looking at the charts, not much has changed. Bitcoin continues to push higher and every dip gets absorbed by the market very fast✅🟢
Diversitas is an actively managed strategy combining time-proven, investments like Gold, BTC, and ETH with the high-growth potential of the DeFi sector.
Secondly, MicroStrategy announced that they have acquired an additional 16,130 $BTC for ~$593.3 million at an average price of $36,785 per bitcoin. As of 11/29/23, MicroStrategy holds 174,530 $BTC acquired for ~$5.28 billion at an average price of $30,252 per bitcoin🤯
Furthermore, MicroStrategy announced that they will issue more equity. Here we are talking about $750 million, which will be used to buy even more $BTC 👀
Any time MicroStrategy stock trades at a premium to their underlying bitcoin holdings, Michael Saylor simply issues more equity to buy $BTC.
P.S. The premium may go away once there’s a better alternative to get $BTC exposure. This will happen once the ETF is approved so maybe this $750 million raise may be the last one🤔