Bitcoin to $50,000? Strategy buys top crypto despite ghoulish price forecast as Citrini AI report rattles markets

Strategy has purchased another $40 million of Bitcoin, the firm announced Monday. It now holds $55 billion of the top crypto at an average cost of $76,020 per coin and, with Bitcoin’s current price of $63,000, Strategy sits on nearly $10 billion in unrealised losses. But despite the precarious position, Strategy’s executive chairman Michael Saylor brushed off concerns during an interview with crypto podcaster Natalie Brunell on Monday. “You can think of us as dollar cost averaging,” Saylor said. The d ...