Pages:
Author

Topic: MicroStrategy Acquires Additional 480 Bitcoins - page 2. (Read 612 times)

legendary
Activity: 1974
Merit: 1150
So far, MicroStrategy is known as one of the companies that have quite a lot of bitcoin through their investments. I'm not surprised by the way they invest because they actually have the power to do it, but I just wonder why they have to announce it to the media every time they make a purchase. If every time MicroStrategy makes that announcement, the price of bitcoin goes down, then I just think that they just want to see the market lower rather than increase the hype in the market.

Many people have started to realize that they do not have to rely on a particular institution to invest. MicroStrategi has never always been the biggest bitcoin holder forever because I believe they also need the balance of the company's finances and that only requires them to sell some of it.
legendary
Activity: 2044
Merit: 1018
Not your keys, not your coins!
$19k. Let's wait few more days.
If price falls back to $17.6k, they will hope it will fall more to $15k or $12k. It is reasonable waiting but many people will reject to buy if price actually dips to $13k. At that time, if it occurs, they will wait for $5k or $9k and will miss a boat.

If you believe in Bitcoin, let's dollar cost averaging if it has 30% to 40% corrections. From all time high till today, we witness a more than 70% correction. It is a good entry range to buy Bitcoin. Price can fall more but don't call lower price which will be continued by lower prices.
legendary
Activity: 2800
Merit: 2736
Farewell LEO: o_e_l_e_o
I disagree. Microstrategy is an example on how not to invest in the cryptospace. The investment holds 129,699 coins with an average price of $30,664. This is a loss of $1 billion on an asset that has pumped 4x since March 2020.
Until they sell there are no loss. All BTC are in the wallet. It is safe to say that MicroStrategy is not looking at to sell their bitcoin at a price of $19k or even at $30,664. Perhaps they are looking at an x% gain of their investment before they cash it out or invest it in something else. Big boys do not lose their money but they make more from it when they invest, it's a fact. It's the small guys who are too curious and panic to make an instant decision and later regret.  

Many people do not understand opportunity even when it is knocking on their door. Those who understand, make big bucks out of the market and rest of the population wait for FOMO to happen!
Imaginary situation for average people who always like to watch and do nothing.
At a price of:
$60K. Damn! Too much, hack I should have brought when the price was $10k. If it drops to $40k I will buy all. There are no way the price will drop below.
$40k. Shit it's dropping I should wait a few days.
$47k. Huh! Just missed it. Let it go below $40k.
$32k. Holy fuck. Bitcoin will drop more. I will wait.
$20k. Thank god. I did not buy at $32k
$19k. Let's wait few more days.
$40k. Damn it! I will wait for the price to drop again.
$100k. No no! Fuck! Bitcoin is pyramid scheme
legendary
Activity: 3080
Merit: 1500
MicroStrategy has purchased an additional 480 bitcoins for ~$10.0 million at an average price of ~$20,817 per #bitcoin. 
As of 6/28/22 MicroStrategy holds ~129,699 bitcoins  acquired for ~$3.98 billion at an average price of ~$30,664 per bitcoin.

Man trying to DCA with millions.  Grin

Smart move! It was expected from Microstrategy. Because they have gone into super bullish mode since a long time now. So it's no surprise that they are trying to DCA. Many people do not understand opportunity even when it is knocking on their door. Those who understand, make big bucks out of the market and rest of the population wait for FOMO to happen!

Even though I do not support institutional investors holding such a huge amount of bitcoins. But from a business perspective, it is a smart move!
hero member
Activity: 2086
Merit: 994
Cats on Mars

In an interview Saylor also emphasized that he isnt afraid of margin call but maybe the need to buy more is for such purpose.
even at current prices, (19k today or 20k tomorrow, whatever), plus their uncollateralized btc (over 90k), Microstrategy have more than enough btc for additional collateral to stop any margin calls. Let's not start spreading this mmargin call FUD again, the media tried to run this same fud a few weeks ago and failed miserably  Wink
hero member
Activity: 2030
Merit: 578
No God or Kings, only BITCOIN.
MicroStrategy has purchased an additional 480 bitcoins for ~$10.0 million at an average price of ~$20,817 per #bitcoin. 
As of 6/28/22 MicroStrategy holds ~129,699 bitcoins  acquired for ~$3.98 billion at an average price of ~$30,664 per bitcoin.

Man trying to DCA with millions.  Grin
Well they are worth a billion company and I think the DCA for over a million is a few percentage for what they're worth. They're negative $10k for the average price it was acquired. Michael is an optimistic guy and he believes on what the future may hold for Bitcoin, I'm optimistic too that they may be worth 11 figures Bitcoin company.
hero member
Activity: 1274
Merit: 681
I rather die on my feet than to live on my knees
Man trying to DCA with millions.  Grin
That's a seven figure number. It's fair enough for a company.

For any individual a three figure is not bad at all. Imagine someone who is continuing DCA from 2017 or earlier. They also considered selling some at the peak. Again they are buying back in difference price. There will be many who has been doing it from years.

MicroStrategy could be an example that it's never late in crypto.

I disagree. Microstrategy is an example on how not to invest in the cryptospace. The investment holds 129,699 coins with an average price of $30,664. This is a loss of $1 billion on an asset that has pumped 4x since March 2020.

It will also not only be about the loss on paper at present. Microstrategy will be reporting this loss in their monthly income statement. It is very head shaking what he has done.

How is it a loss? You should call it maybe a virtual loss. He didn't sell to actually lose anything. So, there is no actual loss. Same goes with El Salvador. The country lost nothing because they didn't sell nothing. 1 BTC = 1 BTC. Same goes if value goes up. They profit nothing unless they sell. That concept only comes to reality when a sell is made!
legendary
Activity: 3010
Merit: 3724
Join the world-leading crypto sportsbook NOW!
I wonder how many buys has it been? Has to be one of the smallest (this was 0.3% of total)... if it's been one of 100 buys yeah, great DCA, otherwise not really heh. Can't say as I don't follow, I'd be coughing blood to buy 0.48 BTC haha

Here's one chart I found from here. You're right that out of all the buys it's pretty insignificant, looks like another "loose change" buy, roughly 10% of quarterly earnings. His strategy isn't really DCA in the context of buying the same amount each time, it's simply based on buying as much as possible. In this case, just a bit of revenue by looks of it. Otherwise known as a "hopium" buy looking at similar small purchases.

Actually was surprised, I'd have assumed he had a lot more buys than that, definitely not any kind of DCA, considering the 20,000 BTC (thereabouts) purchases he plopped down early on and then repeated en route to the top. Interesting how it seems his bigger buys were near the top, and the pebble purchases were at the dips. Suppose he thought things were gearing up at each big buy.

Just buying as much as possible yeah, though I wonder if he'll start thinking about being more strategic now, with just plain good old actual DCA.
sr. member
Activity: 2114
Merit: 309
Still not impact what did by MicroStrategy added 480 bitcoins for re investing and price keep move down today, I think right now have another anonymous investor about bitcoin and not show to public, when bitcoin drop they have opportunity how to make dump because selling with large amount. Need to find other project were brave investing on bitcoin for long term period, exactly when bitcoin still have lower price nowadays and good moment buy back on $20,000. More than MicroStrategy for investing with bitcoin and hold it for long term and waiting after bitcoin reach higher price and need until make new all time high again.
legendary
Activity: 2688
Merit: 1192
MicroStrategy has purchased an additional 480 bitcoins for ~$10.0 million at an average price of ~$20,817 per #bitcoin. 
As of 6/28/22 MicroStrategy holds ~129,699 bitcoins  acquired for ~$3.98 billion at an average price of ~$30,664 per bitcoin.

Man trying to DCA with millions.  Grin

It seems that DCA is the new buzzword of the moment that people have latched onto and repeat regularly now. At present they are likely substantially down on their invested money, as it's probable they bought big chunks of bitcoin when it was at higher value. Big whales like this are actually bad for the average bitcoin user as they have the power to heavily influence the price and most likely ship off their exposure by selling to the super rich who will never sell - which stunts the practical usage of it as a widespread currency in regular circulation.
hero member
Activity: 1554
Merit: 880
pxzone.online
Best move and timing to take advantage the current situation. Although the timeframe of bouncing back of price is unknown yet the confidence is certain.

I'm always amazed how such company do invest in large amount, i wonder what's their timeframe to sell off, is it fixed by month/year or fixed by number/percentage of profit, or etc.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag

In an interview Saylor also emphasized that he isnt afraid of margin call but maybe the need to buy more is for such purpose. And at the same time they've gotnhuge.amount of reserves for this kind of dip. This reserve could also come from the profit made during the bull run.

Positive attitude is same with Bukele, he just doesnt have funds for it.  Its this attitude also that will make them richer after this bear season.
legendary
Activity: 2072
Merit: 4265
✿♥‿♥✿
A positive and optimistic attitude towards bitcoin breaks records at MicroStrategy. Even in times of decadent moods, they still remain loyal fans of this asset. Sailor remains true to his promises that he will continue to invest in bitcoin no matter what the predictions are. This is huge respect, as well as good motivation for those who are on the verge of losing confidence in bitcoin.
legendary
Activity: 1848
Merit: 1982
Fully Regulated Crypto Casino
This is the best time for DCA, MicroStrategy applies it perfectly, the company's policy can be described as the policy of a company that believes in bitcoin and has foresight at the same time, who believe in bitcoin and have a vision of the future are the only ones who are buying now because they are sure that bitcoin will soon return to make new highs , so they are the winners in the end, even if it seems to the world that they have lost millions at the moment, but this will all change over time. Soon the big companies will regret that they didn't do like Microstrategy.
member
Activity: 1218
Merit: 49
Binance #Smart World Global Token


Good to see a big name taking advantage of the ongoing Bitcoin price dip. In fact, I would say that this is one of the best times to get into Bitcoin as it is now having a good chance of reversing the downtrend of the price. I am hoping that this can be sending signal to other institutional investors to open up their wallets so they can acquire more BTC at a good price.
legendary
Activity: 3122
Merit: 1492
Man trying to DCA with millions.  Grin
That's a seven figure number. It's fair enough for a company.

For any individual a three figure is not bad at all. Imagine someone who is continuing DCA from 2017 or earlier. They also considered selling some at the peak. Again they are buying back in difference price. There will be many who has been doing it from years.

MicroStrategy could be an example that it's never late in crypto.

I disagree. Microstrategy is an example on how not to invest in the cryptospace. The investment holds 129,699 coins with an average price of $30,664. This is a loss of $1 billion on an asset that has pumped 4x since March 2020.

It will also not only be about the loss on paper at present. Microstrategy will be reporting this loss in their monthly income statement. It is very head shaking what he has done.
legendary
Activity: 4424
Merit: 4794
Personally I feel like there is an insider stuff to the reason this man keep stacking up bitcoin, there is something he's seeing that we all don't know,

its only 480, its small pocket change in the big scheme of his pockets. holding 130,000

.. as to insider/seeing what others dont see.

well. people do see. we see thousands of businesses in wait, waiting to start ETF businesses.
we see people adding more services and features.
we see that the dip will phase out and its in the cheap zone of this 2020-2022 era of the 4 year cycle
we see we are at the start. many businesses are lobbying regulators to get their act together to create frame work to operate in bitcoin.
people want to put their future retirement portfolio into bitcoin. this means they want to hoard long term for years/decades(waiting for regulatory frame work so they can have a legal vessel of etf to put their retirement contract/plans into)

its not the end of bitcoin, its still the beginning
hero member
Activity: 1274
Merit: 681
I rather die on my feet than to live on my knees
I would do the same for sure. Why the hell not? If I have the money, I understand both the fiat and Bitcoin, I believe in Bitcoin, so why not? And the guy seems to know exactly what he's doing. He's making sure his profits are invested in something that can actually hold its value better than anything else. Better than real state, than gold than stocks, etc!
The only downside is that it's too many Bitcoins in the hands of a single person.
sr. member
Activity: 1344
Merit: 288
Personally I feel like there is an insider stuff to the reason this man keep stacking up bitcoin, there is something he's seeing that we all don't know, he has been accumulating bitcoin to the extent that people are making jest of him of recent when bitcoin dumped to 17k, Cz binance tweeted that Saylor will have the last laugh and we all know that Cz also has lots of bitcoin, these whales has some hidden agenda, the rate at which bitcoin is leaving exchanges to personal wallet is quite increasing tremendously
legendary
Activity: 2212
Merit: 7064
This is not surprising to hear at all when you know it's coming from Michael Saylor, he is going to ride this like a pro.
Saylor is looking Bitcoin as long term investment and he is willing to wait for years or even decades to make profit for him and his clients.
Just listen to any of his recent interviews and you will understand what I am saying.
Pages:
Jump to: