MicroStrategy Reaffirms Commitment to Bitcoin Accumulation as BTC Stalls

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

MicroStrategy CEO Michael Saylor has asserted that his company does not intend to slow down its Bitcoin (BTC) purchasing spree anytime soon. The Bitcoin proponent made the assertions in a letter addressed to company stockholders on April 14, ahead of the Annual Meeting of Stockholders scheduled for May 22.

Saylor assured that the Nasdaq-listed corporation, which currently boasts the highest BTC holdings, continues to stack its BTC reserve and expand its service base for its software intelligence services.

In the address, the BTC bull described the firm’s Bitcoin strategy as “complementary to our analytics software and services business,” adding that it was a way to improve the growth of the firm’s customer base.

Along with bolstering its business strategy to see through its Intelligence Everywhere vision, the company also considers its strategy to acquire and hold BTC a significant success.

The intelligence software company began accumulating Bitcoin in August 2020, using its excess cash flow from operations. However, the company also uses proceeds from debt and equity to stack its BTC reserves. The company also graduated to using convertible note offerings, stock offerings, and crypto-collateralized loans.

MicroStrategy, along with its subsidiaries, currently holds a whopping 129,218 BTC on its balance sheet, with a total purchasing cost of $3.97 billion, giving its holdings an average value of $30,700 per coin.

Key Bitcoin Levels to Watch — April 17

Bitcoin appears to be bracing for a bearish continuation over the coming days, as it failed to reclaim the $41,000 barrier over the weekend. The benchmark cryptocurrency has, however, formed a bearish flag over the past few days, and faces the real possibility of plummeting to the $39,000 low.

Studio Project 65
BTCUSD – 4-Hour Chart on Gemini. Source: TradingView.

That said, Bitcoin’s only chance to avert this bearish move is to record a break above the $41,000 pivot top over the next 24 hours, which should stall the bearish pressure and give bulls a window to push for the $43,000 barrier again. The coming hours will play a critical role in the crypto market’s trading bias over the coming week.

Meanwhile, my resistance levels are at $41,000, $42,000, and $43,000, and my key support levels are at $40,000, $39,000, and $38,000.

Total Market Capitalization: $1.88 trillion

Bitcoin Market Capitalization: $769.3 billion

Bitcoin Dominance: 40.8%

Market Rank: #1


You can purchase Lucky Block here. Buy LBlock

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *