Topic: Microstrategy bought more bitcoin - page 2. (Read 518 times)

It is obvious that they are very bullish. Micheal Saylor has been championing the bitcoin cause and has almost the same level of popularity as Satoshi Nakamoto. However, not everyone thinks highly of them. While folks in some quarters are praising him, some think they have some hidden agenda. I wouldn't blame the latter. I have heard, though unconfirmed that BlackRock, Vanguard, indirectly hold Bitcoin via MicroStrategy and we know what the people have said about BlackRock. Anyways, how far and how much does Microstrategy intend to go with bitcoin and how much bitcoin can they accumulate? Furthermore, how do they store they about $4.6billion worth of bitcoin? Cold storage?

But how John?

Sell off their holdings? . . . which they own and is their prerogative to do so. Anyway
the market would hoover them up and the shock would only be temporary.

The way Saylor talks and has educated a lot of people to the fact that there is no other
vehicle to compete with Bitcoin to store wealth for the long term.

It is a fact though that those coins will hit the market at some stage, possibly not all
at the same time and possibly 30, 40, 50 years from now, thats my belief.

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.

They are taking lot of risk and if bitcoin technology demand increased in future, they will be rewarded for the risks taken. I am also investing in bitcoin every month from savings.

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.


Also I know they took out debt (I think they did like Senior Notes or some such thing) to buy a good amount of their Bitcoin. I'm not sure if when those notes become due if they will just pay off the investors in shares of their stock of if they'll have to pay them back with Bitcoin, or a combination of the two. I don't think that happens until 2026 or 2027 though if I remember correctly.


Anyways, hopefully within a few years other large companies will start becoming as smart as Saylor and realize they too need to accumulate Bitcoin. Imagine the sort of price appreciation we're gonna get once Apple, Amazon, Facebook, Google, and various other major companies are each buying up hundreds of millions of dollars worth of Bitcoin like per quarter to add to their cash reserves. I thought that was gonna get going back in 2021 but the corporate buying (other than MicroStrategy) only lasted a few months for the most part and no public companies have been smart enough to start accumulating Bitcoin during the recent bear market. At some point though all these big CEOs are gonna wake up to the opportunity to improve the finances of their companies that Bitcoin provides.

Looks like they’re cooking something over there that we all could take part of when the bull run arrives. In any case, while I think this is still as great as any news for bitcoin and its price, we also have to consider that this has been a very common news in the space that people like me are already getting tired from it. Hopefully something monumental on their end happens soon, otherwise seeing news of Microstrategy buying humungous amounts of bitcoin’s not gonna do well with the impressions, given the fact that this topic’s running as early as 2017 if I’m not mistaken.

MicroStrategy, the business intelligence firm led by Michael Saylor, made headlines once again with its recent announcement of a substantial Bitcoin purchase. Between April 29, 2023, and June 27, 2023, MicroStrategy and its subsidiaries acquired approximately 12,333 Bitcoin for a whopping $347 million in cash. The average price per BTC stood at approximately $28,136, inclusive of fees and expenses.
https://cryptonews.net/news/bitcoin/21240458/

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/

The more I see this group of people buy more Bitcoin, the more confidence in the future price increase I have in Bitcoin. If MicroStrategy were able to invest money in this large amount to buy Bitcoin, how much is my money worth that is making to be afraid? I know some people will say invest in what you can afford to lose but this gives me some inner confidence to buy more Bitcoin at all costs.

With this amount of Bitcoin, only MicroStrategy knows when they plan to sell and the price they wish to sell because if anytime Bitcoin price appreciates in value, they will decide to sell some of half of their bag and that is going to be a big concern, it will cause a big fear among the investors.

To be honest, I follow him on twitter because it helps me to stay optimistic about bitcoin in the long term. Regardless of Saylor's plans regarding bitcoin, I think I can only conclude that if he can do it with very large budget, why don't we do it with relatively smaller budget. I do it for myself regardless of how I plan the investment, to me it doesn't matter.

140,000 bitcoin is huge, I think Saylor is one of the most optimistic institutional investors in bitcoin in the long term.

Absolutely, the disclosure of MicroStrategy's newest Bitcoin procurement is a veritable crypto-tour de force. As proud owners of 140,000 BTC, their unwavering belief in this avant-garde virtual property is manifest. However, remember that Bitcoin investment parallels a game of hoops. Nimbleness, adaptability, and quick thinking are prerequisites for success. Just as in basketball, Bitcoin offers no certainties - its market is capricious, and prices can oscillate with fervor. To seize crypto-gold, diligence is indispensable. Remain vigilant of market shifts, rigorously research, and be poised to alter your tactics instantaneously.

It’s nice to see someone have high confidence on Bitcoin investment through investing the majority of his money on it but we all know that this is an investment and they are the one who will take profit on the top on e the price recovered. This kind of huge holdings will surely erased all the price growth that established slowly overtime due to its ripple effect on every institutional investor. This investors is like a time bomb on Bitcoin because they are dominating the total supply of Bitcoin.

This is just my opinion but what Saylor doing right is vital to give confidence to retail traders to don’t be afraid on Bitcoin investment. I’m sure he will be rewarded big time in the future.

If on one hand is nice to see that there are companies that strongly believe in bitcoin, on the other hand MicroStrategy is close to own 1% of the total bitcoin supply if we consider that a few million bitcoins are lost forever, so the actual number is way lower than 21 mln. It's somehow scary thinking that someone owns 1% of the supply, personally I don't like it.

Will they sell it one day? Possible

Large companies that have been accumulating Bitcoins for a long time must certainly motivate many people that Bitcoin will guarantee future profits. It's just that we need to be realistic and not deny that bad situations can happen at any time. I don't doubt the investment made by MicroStrategy and indirectly they announced it as a whale in public.

Profit is still profit for the survival of the company, and we, who are only small holders BTC, need to make wise decisions at the right time.

I think MicroStrategy's recent purchase of bitcoins is good news, as it demonstrates the continued interest in and investment in cryptocurrencies. The fact that the company now owns 140,000 BTC worth around $4.17 billion at an average price of $29,803 per bitcoin is impressive and shows a significant commitment to the asset.

When viewed from a positive perspective, this development may signal a growing recognition of bitcoin's potential as a long-term investment and store of value. The increased adoption of cryptocurrencies by mainstream financial institutions and companies such as MicroStrategy can help legitimize and stabilize the market, leading to greater trust and wider adoption.



I think MicroStrategy's recent purchase of bitcoins at $28,000 per coin was a smart move, as they have strategically timed their purchases to maximize profits during the bull run. It's unrealistic for them to just buy every time the price drops, because they have to follow the company's process for spending funds on purchases. With a current total holding of 140,000 BTC, purchased at an average price of $29,803 per coin, MicroStrategy's investment in bitcoin is proving to be a sound business decision.

I'm sure he knows, but why not open a new thread every time MicroStrategy buys Bitcoin - when you're the OP, you definitely get more exposure for your sig campaign, and maybe some merits come in too. The main thread in Economics serves its purpose and contains all the important information thanks to @fillippone.

Well, that's true and that makes sense. We've got no control over it and they're the ones who's got the money to do anything that they can.

This is even what we like before that many of these big investors would come in and join us, now I'm looking even littler than a shrimp or anchovy. LOL just a crypto term of having little holdings.

I couldn't agree more!

Has anybody noticed it as soon the notification on your favorite social or telegram news channel announced Microstrategy buying bitcoin and suddenly the market plummeted. Does they really buying on chain cause Im not sure why the effect is so contradicting to whats happening. So everytime they said they bought, some already positioning on short.

It's the same as when CNBC and other news firms announces that someone "influential" says that the bull market is at hand and bitcoin is the best investment. LOL, those positive news are no longer impactful to the market and let the market work for it whenever the bulls back actually through the fundamentals that it gets and not being shown in the public by these news agencies.

That's a good realization on this one. While we think that it's good that a big firm buys a lot of bitcoins and holds it as their asset. There will be lesser supply that's available for most of us although it's really expensive and many can't afford to buy it so, they're the one that's taking these cheap bitcoins before the huge bull run that we're all anticipating.

They bought their latest coins at 28,000 usd per BTC, that is not at the peak, and it is far away from it. If they had bought at 16k usd per BTC, people would still ask why they didn't wait to buy when it was cheaper. I think MicroStrategy are timing their BTC purchases very well, they are holding a total of 140,000 BTC's, bought at an average prive of 29,803 usd per coin, that is a very good business for them, their buying intervals make it easy for them to make a lot of profit in a bull run or even in a short pump.

I also do not think they can just buy anytime when they see the price is low, like how individual investors do when they have the money, MicroStrategy is a company, so there has to be a process to release funds for BTC's purchase, they cannot make sudden purchases.

while micro strategy is busy collecting bitcoin as they see the bright future if cryptocurrency, meanwhile so many companies are already selling off once they realized they have gathered enough profits. even here in my country, constant reminders are being announced almost daily by enthusiast to be more wary and careful about bitcoin. while it isn't bad to tell their citizens to be careful, they are still slowly misdirecting the attention of people from cryptocurrency to other stuffs that couldn't even provide money.