MicroStrategy's ambitious plan to acquire 1 million Bitcoin by 2026 has significant implications for the cryptocurrency market. To achieve this goal, the company must maintain a purchasing velocity of nearly $540 million per week, which is a substantial undertaking.
The cost of this acquisition strategy is rising, with MicroStrategy's average cost basis sitting at approximately $75,696 per Bitcoin. Despite this, the company views price dips as liquidity events allowing for high-volume execution without aggressive slippage.