On the Unfortunate Pursuit of the “Orange Century” and the Perils of Averaging Down

His enterprise, formerly known as MicroStrategy, hath achieved a notable feat, having secured its centennial acquisition of Bitcoin [BTC] on the 22nd of February. A sum of 592 BTC was procured for the princely sum of $39.8 million, a transaction that hath elevated their holdings to a staggering 717,722 BTC. One might pause to admire such audacity, were it not for the specter of $54.56 billion spent in this noble endeavor, with an average cost of $76,020 per coin. A price, one might say, worthy of a queen’s dowry.




