Another sizeable entity buys Bitcoin during it’s latest slump

Fresh off the back of the MicroStrategy announcement today I would personally like to announce I've acquired an additional 0.0063 Bitcoins at an average price of $51,807.

The reputable coinsquirt.com had this to say of the news:

"In what can only be described as bullish sentiment, Reddit user Dro1100, the personal investment mammoth, has bought the Bitcoin dip with an additional $327 purchase of 0.0063 Bitcoins. This most recent purchase comes within just 5 months of their entry into the crypto currency sector. The Fortune 500 giant bought the latest dip at $51,807 per Bitcoin but ran short of funds as the price fell beneath $50,000 and eventually towards the $43,000 mark.

The collective that spearheaded the use of Bitcoin as a personal hedge has been on a consistent buying spree ever since they started in the new year and holds a total of 0.04 Bitcoin with a total investment of $1,793. The current value of their holding is now around $1,670 which offers them a near $125 loss on their total investment."

u/Dro1100 Leads the Way Amongst Musk Bitcoin Debacle.

"Elon Musk has also taken credit for bringing Dro1100 into the Bitcoin ecosystem after the investment firm purchased $255 worth of BTC a couple of months ago. Musk reignited some debunked FUDs including the environmental concerns regarding the mining of the world's leading crypto currency."

18 May 2021

Earlier this week we published an article amid rumours of Dro1100 selling their share of BTC. This has now been proven factually incorrect after a Twitter conversation where they said "that they have no plans of selling their Bitcoin holdings." We apologise for this error.

About the author:

SHELDON HUSK

A marketing graduate, Sheldon focuses on egotistical and narcissistic tendencies. As a part-time freelance crypto-journalist, his interests lie in meme coins and manipulation strategies.