Topic: Michael Saylor has Acquired 121,044 BTC at $3.57 Billion - page 2. (Read 435 times)
On CNBC yesterday they posted a stat of all of the publicly traded businesses that have significant bitcoin holdings and of course Michael Saylors Microstrategy was number one. They posted it almost like as a way to mock these companies due to the big dip. We shall see who will have the last laugh.
Michael Sayor just Tweet that his company, MicroStrategy has acquired additional 7,002 Bitcoins for the price of $414.4 million USD, bring their total holding to 122 044+.
He is accumulating bitcoin as he knows the true potential of bitcoin. I am sure there are many investors who are silently holding bitcoin. It does not matter for us who is holding bitcoin and how much they have invested in bitcoin. What ever they are doing, they re doing for their own benefit.
What matter here is how much you and me are accumulating bitcoins. The more we have bitcoin in our wallets, the better it will be for us.
People like Saylor think long term so short term price action means nothing to people like him. Most people panic & do nothing when the price goes down or even worse, panic sell. Chads like Saylor buy & have no emotion during times like this. He is thinking about the long term future.
You’re right, Michael Saylor is truly a chad more than people in the forum believe. If everyone listened more of what he’s been saying, Bitcoin actually has utility for his company. Microstrategy is using Bitcoin as a hedge to the revenues being reduced by policies of the Federal Reserve.
Yep, and this is what other companies that might be investing on bitcoin wanted to get out of it, being an hedge. Although it's a gamble, I should say, but nevertheless, it's a calculated risk since bitcoin has the tendency to go up ten folds in the future. And this is what Michael Saylor and those who are quiet in the background that invested on bitcoin is thinking, ahead of the time and ahead of the competition.
Imagine if bitcoin price is 100k to 500k in the future. Saylor company would probably one of the greatest gains in business. Im sure many will fomo when btc started to move fast. In a time like this, many are probably loading up their bags so when the time comes thry could gain a good profit. Saylor as investor is one example of a long term player and will likely avoid any fud about btc without having any nervous breakdown.
People like Saylor think long term so short term price action means nothing to people like him. Most people panic & do nothing when the price goes down or even worse, panic sell. Chads like Saylor buy & have no emotion during times like this. He is thinking about the long term future.
You’re right, Michael Saylor is truly a chad more than people in the forum believe. If everyone listened more of what he’s been saying, Bitcoin actually has utility for his company. Microstrategy is using Bitcoin as a hedge to the revenues being reduced by policies of the Federal Reserve.
People like Saylor think long term so short term price action means nothing to people like him. Most people panic & do nothing when the price goes down or even worse, panic sell. Chads like Saylor buy & have no emotion during times like this. He is thinking about the long term future.
Right.Michael and his cohorts are doing the right thing. They don't mind the dips and corrections but instead of being disappointed, they're taking advantage of buying more.
He planned it well and sees the future with what he's doing.
MicroStrategy, has been one of those companies that I’ve seen that are seriously supporting cryptocurrency.
I believe that buying bitcoin as a mega corp is not done to support but for plain greed. It is harmful for the movement almost equal to the deeds whales commit.
as well as in every market, the rich also have an advantage over those who have little money and the richer they buy bitcoin, the more other rich people and large companies will follow the same path, so in a way this helps bitcoin itself because hundreds of rich people are buying bitcoin then governments will also look good on bitcoin, let's not forget that the rich and powerful run the corrupt politicians who rule the countries
People like Saylor think long term so short term price action means nothing to people like him. Most people panic & do nothing when the price goes down or even worse, panic sell. Chads like Saylor buy & have no emotion during times like this. He is thinking about the long term future.
MicroStrategy, has been one of those companies that I’ve seen that are seriously supporting cryptocurrency.
I believe that buying bitcoin as a mega corp is not done to support but for plain greed. It is harmful for the movement almost equal to the deeds whales commit.
MicroStrategy, has been one of those companies that I’ve seen that are seriously supporting cryptocurrency. They keep buying Bitcoin even at a time that I would least imagine that they’re going to do such. This goes to show how they strongly believe in Bitcoin, and that will as well motivate other companies to do the same things and invest in cryptocurrency. It’s nice to see that they have not even sold the coins that they invested in, and they are ready to hold for a long term with the way I am seeing it.
Other companies should as well try to look into the future just as MicroStrategy has been doing for long now, they should know that in the future that Bitcoin is really going to be worth a lot of money by then, and only those that invested in it now are going to benefit from it.
Other companies should as well try to look into the future just as MicroStrategy has been doing for long now, they should know that in the future that Bitcoin is really going to be worth a lot of money by then, and only those that invested in it now are going to benefit from it.
I don't get it. Where did I say it, anywhere in the thread, that it happened yesterday? Or you just inserted that to make your point?
Your thread is dated December 5, 2021, and you start it with the next sentence :
Michael Sayor just Tweet that his company, MicroStrategy has acquired additional 7,002 Bitcoins for the price of $414.4 million USD, bring their total holding to 122 044+.
I used that quote in my previous post, so it’s not clear to me what “just tweet” should mean in your notion of the time when something happened. The news originally appeared on November 29, 2021.
This is not a news update. The thread is about highlighting the potential profit that has accrued in their $3+billion investment. We all know where to read news if we want to. This place, I think, is where we discussed anything and everything about Bitcoin, and that's exactly what this thread is about.
Completely irrelevant, given that there is a thread that monitors MicroStrategy's investments and in which, among other things, all relevant information can be found.
You can take that as your own belief if it makes you feel better. But I don't think anyone can dismiss the fact that there's potential profit in billions of USD if they decide to sell today.
I understand things the way it is right, because MicroStrategy holds Bitcoin which it claims it has no intention of selling because it considers it superior to fiat. People like you who are obsessed with profit can hardly understand the essence of Bitcoin and what Saylor says all the time.
Michael Sayor just Tweet that his company, MicroStrategy has acquired additional 7,002 Bitcoins for the price of $414.4 million USD, bring their total holding to 122 044+.
Let's look at the profit they've made so far
The 121,044 BTC was acquired with the total Investment sum of $3.57 billion at the average price of $27,534.
Now, let's assume they decided to sell everything off at the current market price range of about $60,000.
Update: I know the current market price is 48k. I'm speaking in the general sense of the current price range. In other words, if they decide to sell at the next bullish movement to 60k which may likely happen before February.
That wound amount to:
$60,000×121,044 =$7,262,640,000
= $7.27 billion Approx.
Subtract: The Investment capital from the current value
$7,270,000,000 - $3,570,000,000
Total Profit so far: = 3.7 Billion.
Remember, they aren't selling yet. Going by the current market trend, the profit could double to $7.4 Billion before the next year runs out.
Advice: If you really wants to make it big in Crypto, HODL without let up until the price is right for you.
Let's look at the profit they've made so far
The 121,044 BTC was acquired with the total Investment sum of $3.57 billion at the average price of $27,534.
Now, let's assume they decided to sell everything off at the current market price range of about $60,000.
Update: I know the current market price is 48k. I'm speaking in the general sense of the current price range. In other words, if they decide to sell at the next bullish movement to 60k which may likely happen before February.
That wound amount to:
$60,000×121,044 =$7,262,640,000
= $7.27 billion Approx.
Subtract: The Investment capital from the current value
$7,270,000,000 - $3,570,000,000
Total Profit so far: = 3.7 Billion.
Remember, they aren't selling yet. Going by the current market trend, the profit could double to $7.4 Billion before the next year runs out.
Advice: If you really wants to make it big in Crypto, HODL without let up until the price is right for you.
It's actually a rather sad thing for the future of Bitcoin, because the more financial whales that exist like this - the less volatile it is going to become in future because these players are running their own financial games. If more companies like Paypal were to get involved in the market and build their own internal ecosystem, it restricts the amount that are left over - which they will eventually buy up and remove from free circulation potentially forever. Instead of being a driver for innovation, it will become part of a walled garden that is controlled by banks or other institutions, who instead of making use of the blockchain will simply create an interface on top yet still reap transaction fees without moving any bitcoin around.
One of the biggest whales in crypto, with the whales continues to accumulate bitcoin for long term, I really believe that owning at least 1 bitcoin will change our lives in the future. We will probably be one of the millionaires in bitcoin if we own at least 1 BTC because eventually, bitcoin will reach $1 million which is a huge target but likely to happen in time.
I just hope he continues to be great for bitcoin. Let’s pray he has strong hands as we enter the next bear market because if he starts dumping in panic it will be bad.
That's everyone's hopium. But I know they'd have to send some time in the future since these are just investment that they want to pay off in the long run. They'd have to take profits at some point right? Hopefully when that time comes, we'd be far gone in our mass adoption quest that their sales will have little to no effect in market movements. But from one I've observed so far, Microstrategy is betting big on bitcoin and might not sell anytime soon.
the latest acquisition: 7k coins at 400mill = $59k a coin
if he is willing to buy those MANY coins at $59k each, then he is not going to be willing to sell any below that price. else why buy soo many at a higher price.
if your a retailer buying wholesale bananas last year at 27 cents. and then this year still willing to buy banana's at 59cents. why would you then sell all your stock of bananas at 44cent.. when you could have not bought any of the 59cent bananas and just sold all your 27cent bananas.
if he is willing to buy those MANY coins at $59k each, then he is not going to be willing to sell any below that price. else why buy soo many at a higher price.
if your a retailer buying wholesale bananas last year at 27 cents. and then this year still willing to buy banana's at 59cents. why would you then sell all your stock of bananas at 44cent.. when you could have not bought any of the 59cent bananas and just sold all your 27cent bananas.
As I'm ignorant and I'm not supposed to be up to date with the news, so I'll ask the following question:
who are the shareholders of MicroStrategy? I know Michael Sayor owns or partner, but does he own MicroStrategy alone or does he have more partners?
i'm asking this because they must be super rich people to always be buying multi million dollars worth of bitcoin and from what i see they haven't sold anything since they bought it or am i mistaken?
who are the shareholders of MicroStrategy? I know Michael Sayor owns or partner, but does he own MicroStrategy alone or does he have more partners?
i'm asking this because they must be super rich people to always be buying multi million dollars worth of bitcoin and from what i see they haven't sold anything since they bought it or am i mistaken?
Afaik I think they're defined as an analytics, financial services, IT services and consultancy/intelligence firm (apparently founded in 1989). It's possible they're invested in bitcoin to just advertise their services in a few different ways also.
I just hope he continues to be great for bitcoin. Let’s pray he has strong hands as we enter the next bear market because if he starts dumping in panic it will be bad.
As I'm ignorant and I'm not supposed to be up to date with the news, so I'll ask the following question:
who are the shareholders of MicroStrategy? I know Michael Sayor owns or partner, but does he own MicroStrategy alone or does he have more partners?
i'm asking this because they must be super rich people to always be buying multi million dollars worth of bitcoin and from what i see they haven't sold anything since they bought it or am i mistaken?
who are the shareholders of MicroStrategy? I know Michael Sayor owns or partner, but does he own MicroStrategy alone or does he have more partners?
i'm asking this because they must be super rich people to always be buying multi million dollars worth of bitcoin and from what i see they haven't sold anything since they bought it or am i mistaken?
Why do you claim that something happened yesterday, if that tweet dates back to November 29th? This is old news and you have several threads in which it was published.
I don't get it. Where did I say it, anywhere in the thread, that it happened yesterday? Or you just inserted that to make your point?
This is not a news update. The thread is about highlighting the potential profit that has accrued in their $3+billion investment. We all know where to read news if we want to. This place, I think, is where we discussed anything and everything about Bitcoin, and that's exactly what this thread is about.
Total Profit so far: = 3.7 Billion.
You can take that as your own belief if it makes you feel better. But I don't think anyone can dismiss the fact that there's potential profit in billions of USD if they decide to sell today.
Total profit so far = $0. It would be more accurate to call it unrealized profits.
You can take that as your own belief if it makes you feel better. But I don't think anyone can dismiss the fact that there's potential profit in billions of USD if they decide to sell today.
Michael Sayor just Tweet that his company, MicroStrategy has acquired additional 7,002 Bitcoins for the price of $414.4 million USD, bring their total holding to 122 044+.
Why do you claim that something happened yesterday, if that tweet dates back to November 29th? This is old news and you have several threads in which it was published.
https://twitter.com/saylor/status/1465305537210458115?s=21
https://bitcointalksearch.org/topic/m.58568797
Total Profit so far: = 3.7 Billion.
Total profit so far = $0. It would be more accurate to call it unrealized profits.
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