Microstrategy bought more bitcoin | Bitcointalksearch.org

LFC_Bitcoin

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Quote from: LFC_Bitcoin on April 29, 2024, 03:11:48 PM

@saylor
In April, @MicroStrategy acquired an additional 122 BTC for $7.8 million and now holds 214,400 BTC. Please join us at 5pm ET as we discuss our Q1 2024 financial results and answer questions about the outlook for #BusinessIntelligence and #Bitcoin . $MSTR

https://x.com/saylor/status/1785037831175630938

Bureau

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Looking at the agressive approach of Michael Slayer and his compan. It would be wise to believe that Microstrategy would eventually become the most profitable compay in the next ten years. By 2033 Bitcoin would surpass 100k and because of it Microstrategy would be more profitable than every other organisation at that time.

Wind_FURY

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Quote from: PX-Z on July 03, 2023, 10:51:34 AM

Quote from: Wind_FURY on July 03, 2023, 06:30:45 AM

Michael Saylor is a Giga Chad, he won't sell for profit. I believe he's in a long term journey with those who truly understand that the world needs something like Bitcoin to exist. - A fall-back/back-up for the current financial system just in case it collapses.

Why not? The profits it gets benefits the company and everything to its future investment plans. Also, it's a company owned by multiple people who have shares and doesn't have 1 person to do the decision making. I know how bullish to bitcoin Saylor is, but a company/incorporated such as microstrategy doesn't work like that.

Because Bitcoin is like any other sound investment/asset, like long term value-stocks with good fundamentals, and a long term store of value like Gold. Zoom out both the Dow Jones and Gold to the maximum to give yourself an example.

It's also more valuable for the company to keep on HODLing because it itself makes the company more valuable. If the company needs fiat or wants to hold fiat as hedge, they borrow against the asset, not sell.

Plus if there is going to be some selling, there's also going to be some buying. It's not going to be just "for profit". They don't play pleb-games like us.

PX-Z

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Quote from: Wind_FURY on July 03, 2023, 06:30:45 AM

Michael Saylor is a Giga Chad, he won't sell for profit. I believe he's in a long term journey with those who truly understand that the world needs something like Bitcoin to exist. - A fall-back/back-up for the current financial system just in case it collapses.

Why not? The profits it gets benefits the company and everything to its future investment plans. Also, it's a company owned by multiple people who have shares and doesn't have 1 person to do the decision making. I know how bullish to bitcoin Saylor is, but a company/incorporated such as microstrategy doesn't work like that.

Wind_FURY

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Quote from: PX-Z on July 02, 2023, 11:35:42 AM

Quote from: sheenshane on July 02, 2023, 09:02:48 AM

Do you think when there's an ATH they will dump all their holdings?

If they sell on bull run i don't mind i guess there wont be any significant change but if they sell in bear market that would be the worst case scenario cause it will have huge effect on the market probably we will experience a very long bear season.

Michael Saylor is a Giga Chad, he won't sell for profit. I believe he's in a long term journey with those who truly understand that the world needs something like Bitcoin to exist. - A fall-back/back-up for the current financial system just in case it collapses.

It also doesn't have to be as fast as its centralized counterparts. It only needs to be dependable in what it does to be an effective alternative, giving its users censorship-resistance and self-sovereignty.

Furthermore, remember when FUDsters were saying that there was a high probability that Saylor will lose his investment?

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Quote from: Luzin on July 02, 2023, 07:33:45 AM

Quote from: royalfestus on July 02, 2023, 06:36:21 AM

Is the public aware of the wallet address?

Do you mean a Microstrategy wallet address? I think it is too risky for a large company to publish its storage wallet address.

Indeed, I simply want to ensure that we are not being misled by the routine updates regarding stockpile accumulation, as they can often be deceptive in the market. Additionally, I hope that they publicly disclose their sales information.

PX-Z

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Quote from: sheenshane on July 02, 2023, 09:02:48 AM

Do you think when there's an ATH they will dump all their holdings?

If they sell on bull run i don't mind i guess there wont be any significant change but if they sell in bear market that would be the worst case scenario cause it will have huge effect on the market probably we will experience a very long bear season.

sheenshane

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Based on this article on Coindesk, now they are holding over $4.6B and the last purchased was on June 27.

Quote from: PX-Z on July 02, 2023, 08:46:53 AM

Quote from: salad daging on July 02, 2023, 08:38:45 AM

I don't know if Microstrategy has ever sold its holdings of Bitcoin, I may have missed this news but what is definitely news is getting more positive is big institutions like Microstrategy just keep on buying.

They did. It's all over in google news last year and it will not be the last since this is a huge business and it needs profit. Regardless of the sells they did, they still buy large sums of bitcoin, so just like I've said it still okay and it's more in bullish.

This is the most I'm afraid of that will surely have an impact on the market, what if they'll sell their Bitcoin holding, any decision to sell them could potentially impact the crypto market. If MicroStrategy were to sell a large portion of its holdings, it might create downward pressure on the Bitcoin price, leading to a temporary decrease in its value. However, the extent of the impact would depend on various factors, including the timing, the volume of Bitcoin sold, and market conditions at the time of the sale.

Do you think when there's an ATH they will dump all their holdings?

PX-Z

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Quote from: salad daging on July 02, 2023, 08:38:45 AM

I don't know if Microstrategy has ever sold its holdings of Bitcoin, I may have missed this news but what is definitely news is getting more positive is big institutions like Microstrategy just keep on buying.

They did. It's all over in google news last year and it will not be the last since this is a huge business and it needs profit. Regardless of the sells they did, they still buy large sums of bitcoin, so just like I've said it still okay and it's more in bullish.

salad daging

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Quote from: PX-Z on July 02, 2023, 08:23:20 AM

Sounds all very good news until they announce that they will sell their holdings for specific date. Since they regularly buy and sell, then that will probably affect the market but no worries though they will buy back for their business to grow.

Until now there is no specific date when they sell, I don't think they will sell in the near future. The other news is that Microstrategy purchases are continuous, meaning they will continue to accumulate until an unspecified time.

I don't know if Microstrategy has ever sold its holdings of Bitcoin, I may have missed this news but what is definitely news is getting more positive is big institutions like Microstrategy just keep on buying.

rby

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Quote from: hZti on July 02, 2023, 03:43:15 AM

Bitcoin prices do look promising in the last few weeks so if they start to accumulate now then they will definitely even accumulate much more once there is a clear bullish direction visible. To have such a big investor in bitcoin is a huge blessing since it gives credibility to the whole community.

Micro strategy does not only give credibility to the whole community but they also restore confidence and faith in bitcoin whenever there is FUD in the market. Micro strategy has been consistent in buying bitcoin and whenever they do, there is always a wave and news about it. I can remember when Micro strategy bought during the bull run, in the same period that El Salvador did. I was actually confused why they did so, but I discovered at last that on the long run they are still in profits.

Now Micro strategy has bought more bitcoin, and the market is positive, let us wait for the outcome of SEC and Binance, Coinbase suits.

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Quote from: DaveF on July 02, 2023, 06:10:35 AM

At this point Microstrategy announcing they bought more BTC is about as relevant an announcement that I am about to go out and buy breakfast.
It's what they do. And if the price goes up enough they will sell them, and if the price then drops after that they will buy more. And keep the difference as profits.

That is more or less their business. Not saying it's good or bad, just they have shown that they are going to keep buying a lot and occasionally selling. At this point they are probably not really that important an indicator of future price sine they do keep buying and selling. It's not that rare an event.

-Dave

Actually they sold only once if I'm not mistaken, and they did it at the wrong time, but it was a necessary measure. And the rest of the time they are buying and you are right, they are buying absolutely at all levels and in any markets.

I watched an interview with Sailor, the bottom line is that he believes in bitcoin at 500k and above, so they are not afraid to dig at any price. By the way, despite their purchases at different times, their average purchase price is around 30k, which is a very good indicator in the run-up to the bull market.

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Quote from: thecodebear on July 01, 2023, 10:21:39 PM

I wonder if MicroStrategy will ever get to 1% of supply. Doesn't seem likely as within a year it's gonna be costing them a lot more to buy Bitcoin. I could see them getting up to like maybe 190,000 BTC though after a few more years

I discussed about that in Investigate, assess news. Don't simply read and make wrong decisions three years ago.

It is hard for them to own bitcoin up to 1% of Bitcoin total supply. They need 210,000 BTC to hit 1% of total supply.

Today, after a latest stack round, they have only 152,333 BTC according to BitcoinTreasuries.net.

If you think about it in a different way, accounting for estimated lost BTC, which is like 3M or 4M BTC, hence the 'actual' total supply would be 17M to 18M, Microstrategy is not far to own 1%. It is estimation, not actual number for lost BTC.

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Sounds all very good news until they announce that they will sell their holdings for specific date. Since they regularly buy and sell, then that will probably affect the market but no worries though they will buy back for their business to grow.

Luzin

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Quote from: FP91G on July 01, 2023, 12:29:02 PM

MicroStrategy Acquires 12,333 Bitcoin, Now Holding 152,333 BTC Worth $4.52 Billion
https://thecryptobasic.com/2023/06/28/microstrategy-acquires-12333-bitcoin-now-holding-152333-btc-worth-4-52-billion/

This is good, big companies have faith in the growth of bitcoin. Hopefully it will have a confidence effect on investors. Although the current state of the world economy is bad, the increase in FED interest rates, strict regulators in the United States such as the SEC I hope it does have to go through Bitcoin to grow bigger. Although there is no real validation evidence by providing a wallet address, I think it has had a positive impact for investors to join. And then Don't worry, this amount also cannot be used to control the price of Bitcoin.

Quote from: royalfestus on July 02, 2023, 06:36:21 AM

Is the public aware of the wallet address?

Do you mean a Microstrategy wallet address? I think it is too risky for a large company to publish its storage wallet address.

royalfestus

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Is the public aware of the wallet address?

CODE200

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Quote from: hZti on July 02, 2023, 03:43:15 AM

Bitcoin prices do look promising in the last few weeks so if they start to accumulate now then they will definitely even accumulate much more once there is a clear bullish direction visible. To have such a big investor in bitcoin is a huge blessing since it gives credibility to the whole community.

I don't know why they've just started now, bitcoin went to 20k right? That could've been an opportunity for them to get more bang for their buck but hey, this is a good bullish news nonetheless. It's a positive to have a big investor in the market but blessing is just a bit too far imo because big investors means whales and whales can make waves which is a fancy term for market manipulation, wouldn't argue about credibility though, I do think that they do help with that a lot.

DaveF

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At this point Microstrategy announcing they bought more BTC is about as relevant an announcement that I am about to go out and buy breakfast.
It's what they do. And if the price goes up enough they will sell them, and if the price then drops after that they will buy more. And keep the difference as profits.

That is more or less their business. Not saying it's good or bad, just they have shown that they are going to keep buying a lot and occasionally selling. At this point they are probably not really that important an indicator of future price sine they do keep buying and selling. It's not that rare an event.

-Dave

Kakmakr

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It is not that significant when a small business acquire bitcoins, but when you see large organizations like BlackRock buying bitcoins.. then you should sit up and take notice. I know Vanguard is still deciding if they will be buying in the future, but I am confident that it will happen soon.

Those are the two entities in the financial world that I am monitoring the most.... not the Google or Amazon or Microstrategy companies, because BlackRock and Vanguard are invested in those large companies. Cheesy

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I will like to know how you people are able to keep track on the Micro Strategy Bitcoin wallet address or is there a place where it's all revealed that I don't know?

Also other companies that are less popular to micro strategy could be doing the same thing too but we aren't aware about them, or maybe we think they are just other whales, well things are looking more bullish, and more adoption will continue to happen.

I don't think that such companies will ever be ready to sell their bags and this amount is not that huge that could cause a massive dump if they want to dump such number into the market and if they dump with time no one will even notice.

I think such companies will have Bitcoin in holding for many years to come because it could be the best backbone asset for their companies present performance and also in the future.

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