Microstrategy added another $15 million bitcoin to assets - page 2.

Renampun

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Quote from: Poker Player on April 06, 2021, 06:27:45 AM

Yes, I follow Saylor and he is going all in with Bitcoin. He is not going to stop buying. Time will tell if he is a genious or a fool.

Quote from: GreatArkansas on April 06, 2021, 05:16:20 AM

I heard some rumor before about Microstrategy that "already" or "will" use money from debt just to buy Bitcoin, which for me is not something good for their company. But for sure Michael Saylor knows what he is doing.

That's not a rumor, that's news. They sold convertible debt to buy Bitcoin.

salute to Michael saylor, a true Bitcoin buyer who is not afraid of risk...
at a time when many people predict the price of Bitcoin will fall, Saylor continues to increase his investment in Bitcoin. it looks like he doesn't care about the bearish predictions at all.

NeuroticFish

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Quote from: davis196 on April 06, 2021, 06:04:33 AM

Should we pay attention to such news?

It's another ~257 Bitcoin that went from circulation to institutional cold storage.
It's not a big amount, so I guess that many won't pay much of attention to it, but it can be noted that the trend is still there. For some it can be a signal that they can keep buying, in case they were no longer certain.

tranthidung

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Newbies will always look at whales, so-called whales for their responses on the market. They rely on whales for their own thoughts but they rarely make right decisions. Doubt, uncertainty, fear and many emotional actions.

Poker Player

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Yes, I follow Saylor and he is going all in with Bitcoin. He is not going to stop buying. Time will tell if he is a genious or a fool.

Quote from: GreatArkansas on April 06, 2021, 05:16:20 AM

I heard some rumor before about Microstrategy that "already" or "will" use money from debt just to buy Bitcoin, which for me is not something good for their company. But for sure Michael Saylor knows what he is doing.

That's not a rumor, that's news. They sold convertible debt to buy Bitcoin.

Slow death

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I see a lot of companies buying bitcoin and then advertising in the news, they are gaining publicity thanks to bitcoin and many people who make Hodl are happy because the bitcoin price is increasing and they are making a lot of profit. But I ask:

years are past and the only thing that is changing are more investors and the price increase, but it is not increasing the number of countries that have officially legalized bitcoin and it is not increasing the number of countries that have officially allowed bitcoin to be accepted as a means of payment everywhere in the country, so are we really making much progress towards each person being able to use bitcoin as a means of payment in their country?

davis196

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Adding 15 million USD to a BTC portfolio,which is worth 2.226 billion USD isn't that much.
Should we pay attention to such news?
Everyone knows that Grayscale is very bullish and optimistic towards the future of Bitcoin.
I guess that they will continue buying more BTC,even if there's a price correction.

Quote from: GreatArkansas on April 06, 2021, 05:16:20 AM

Their average buying price is still far and they have a good decision for buying especially the dips. Microstrategy is one of the examples for doing the dollar-cost averaging (DCA) method for buying Bitcoin as time goes by and hodl it for the long term.

I heard some rumor before about Microstrategy that "already" or "will" use money from debt just to buy Bitcoin, which for me is not something good for their company. But for sure Michael Saylor knows what he is doing.

Using debt to buy Bitcoins is a very risky move.Grayscale would need big enough reserves to pay off such debt,when the Bitcoin price starts going down.

GreatArkansas

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Their average buying price is still far and they have a good decision for buying especially the dips. Microstrategy is one of the examples for doing the dollar-cost averaging (DCA) method for buying Bitcoin as time goes by and hodl it for the long term.

I heard some rumor before about Microstrategy that "already" or "will" use money from debt just to buy Bitcoin, which for me is not something good for their company. But for sure Michael Saylor knows what he is doing.

Leviathan.007

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Apparently, the Microstrategy, the company active in the field of business intelligence is endless, as the company's CEO Michael Silver recently announced another $15 million purchase. Silver announced on Twitter that the company had bought another 253 BTC at an average price of $59,339.
Thus, the total Microstrategy assets reached 91579 bitcoins at a cost of $ 2.226 billion, which were purchased at an average price of $24311.
At the current price of Bitcoin, the total market value of the company's assets reaches $ 5.376 billion, which has resulted in an unrealized profit of $3.15 billion or a 140% return.
This recent microstrategy purchase is another evidence of Silver's strong belief in this leading cryptocurrency. Over time, and thanks to large corporate buyers such as microstrategy, the bitcoin ecosystem is evolving.
Grayscale, was also the first company to launch the Bitcoin Mutual Fund in the United States, which played a key role in the evolution of Bitcoin.

Source: https://cryptoslate.com/microstrategy-continues-to-bet-on-bitcoin-with-new-15-million-purchase/

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