So as most of us know, since 2020 MicroStrategy were consistently purchasing BTC and according to this website, they have held 252,220 BTC before November 2024. Until now, this seemed like very smart and wise DCA however what they have done this month is questionable.
In this month, November 2024 they have purchased 134,480 BTC which was over 50% of their entire holding of BTC as of the end of October 2024. Further they have paid for it over 10B which is more than they have paid for the 252,220 BTC that they have been acquiring over last 4 years or so.
Unless they are leveraging the gains of previously acquired BTC to get more BTC, their purchases from November 2024 or doing this to get publicity - this does not make sense to me. Why would they spend 100% of what they have been spending at ATH of BTC to get roughly 50% BTC when they believed in BTC all this time.
I would be grateful to hear your thoughts on this, maybe there is something to it that I don’t see.