Topic: Microstrategy bought more bitcoin - page 3. (Read 518 times)

MicroStrategy has for seen the future of bitcoin as another means to make huge profit in the long term run because they keep on accumulating bitcoin to use it as a store of value for the company. It is good that this big company is investing on bitcoin and holding because with time these bitcoin holders will add value to the increase in bitcoin price,due to the positive mpact it will add to the crypto market. If all these big companies buys and accumulate their bitcoin just the way MicroStrategy is doing in no time bitcoin price will shoot up like a rocket because there will be limited amount of bitcoin in circulation.

If he sells all at once,definitely it will affect bitcoin price and will lead to a dump but that will be in a short term,since other investors will purchase them and before you know it the price will pump back.

OP, there's also that other thread all about MSTR in the Economics section you know.  I have no doubt this news has or will be posted there, and that's kind of the main thread dealing with Michael Saylor, MicroStrategy, and their bitcoin dealings (even though Economics seems like the wrong section for it to be in).

But whatever, I always get into heated debates with the locals there (lol).  I've been saying that it might not be a prudent move on Saylor's part to be buying all of that bitcoin with his company's funds, since it's not entirely his company but a publicly traded one, with shareholders who might not have thought they were buying a stock that's a proxy to bitcoin itself.  All's good when bitcoin's price soars, but what happens to the stock if and when bitcoin tanks?

And what would happen if Saylor were forced to sell all of MSTR's bitcoin all at once?  It might not be probable, but it's possible.  I don't know if it's enough to drive the price down if it were dumped on the market all at once, but it couldn't help.  Eh.  That's just where my mind goes.  I have mixed feelings about this particular topic I guess.

They are companies that make a profit by selling assets, they are the same as Elon did, but they don't really to show up when they sell the bitcoin in past like Elon. I believe they sold their Bitcoin when ATH a couple of years ago. Now, they want to repeat it again like they did in the past. I agree, if someone can proof MicroStrategy wallet here, I will appreciate it, and we can audit it if they just hold, not selling.

For those who just know this, I hope it's not too hyped up because there are company that bigger than them but does not show if they were bought many a year ago.

I can not stop laughing when I read your post  

Sounds like Michale Saylor usually gives us signal of market falls or corrections. However, I don't know why big guys like Saylor and Microstrategy chose to buy Bitcoin at peaks like newbies. If they want to accumulate Bitcoin, they can do it more aggressively when it was about $16,000 few months ago.

Below are three latest purchasing times of MicroStrategy. It takes them three months from 24 December 2022 to 27 March 2023 to buy more bitcoins. They did miss three good months to buy Bitcoin from January to March.

MicroStrategy statistics

They always bought bitcoin while the market is about to go up, but they have no selling records. I think they truly believe in the potential of bitcoin that others don't.
It is good to see that they are into bitcoin.

But what if they have enough bitcoin to control the market? is bitcoin market is controlled by anyone or any organization if they have decent share of bitcoin into their holdings?

It does! Every time Microstrategy buys bitcoin, bitcoin gets dumped though the reversal should be the case. I don't get why bitcoin price drops when Saylor announces BTC purchase LOL.
Well, I guess this isn't something we should be happy at. They are trying to get the big piece of the cake; isn't it going to make him influence the BTC price significantly? I guess yes, that's what going to happen in the near future.

and that clearly means that he has high hopes for this market up until now. most are just pure talk of buying but he is the real deal. buying when a lot are having second thoughts. they will only post when they have bought those BTCs, whereas, some people will post a lot in their socmed before buying and still ended up not buying anything.
with big companies like microstrategy still buying, it means they are not losing their confidence on this market.

Michael Saylor is the GOAT of buying bitcoin. GOD BLESS THAT MAN! Can't wait to see him again next month

michael saylor keeps his promise that he will buy bitcoin every day no matter whether the price of bitcoin goes down or up and that is a very brave decision.  this is the reason why i really respect Saylor rather than Elon, if Saylor always tries hard to keep his promises while Elon only seeks profit and tries to manipulate the crypto market with his influence.

There is no point of worrying about things that you cant control. It was expected that Bitcoin will eventually attract big investors that will want to hold big chunk of Bitcoin supply and that just confirms how valuable this asset is. I think that there will always be enough Bitcoin around for all those that will need it.

Instead of worrying about future, best thing that we can do is to focus on ourselves and buy as much bitcoin as we can.

I have expected something of this coming already from them considering few factors ahead, the first one is that now that we are still on the bear season, they may take this as part of their DCA purchasing pattern for more accumulation, secondly if you also think about now that we are in the Q2 of 2023  they might have study a new trend coming up soon in favour of bitcoin market, maybe a little more bull ahead where we are before the major one anticipated for halving, yet we can't predict Michael Saylor and microstrategy in their operandi strategies when it comes to buying bitcoin.

Microstrategy software company has surpassed other top companies in the list of most recent company bitcoin purchases. Even after selling a few months ago for a short-term tax benefit, they are still committed to a long-term bitcoin strategy. The company is very excited about bitcoin and does not believe it will fail, but they are looking at the bigger picture of the profit they will be able to accumulate in the coming years.

The company takes advantage of bitcoin by using the losses generated by the unexpected sale to offset previous capital gains, resulting in a tax benefit. This method used by the company can help long-term investors minimize large losses while also having a potential gain at the end of the day.

It's a good but I don't know if I've that feeling of anxiety and think on the other side this is going to be sort of bad news in the future. Like, we're having the banks monopolizing some services as they've got a huge share on their market.

What if in the future that MSTR and other companies that holds a lot of bitcoin won't be letting it out in the economy and they'll all hold. Yeah, the price might pump and there will be a lesser supply in the economy.

But that also means that they might have a little control to the market when the time comes.

Every time I see news like this that some company has bought a large amount of bitcoin, it outrages me: enough already, leave at least a little for ordinary people.

Shouldn't the purchase of 1 btc have had a slightly more noticeable effect on the current market value? $30mln. is a lot of money.

There are people who are looking for an excuse not to buy bitcoin: either the price doesn't suit them, then some doubts, then something else. And there are those who buy btc at the first opportunity. Microstrategy is an example of this. Although it is not entirely correct to compare ordinary people and big firms.

Have you tried to study how Microstrategy makes money?
This company does not care how much they buy bitcoins, and until now their wallets are secret. If anyone knows their wallets, then write here. The company sells stocks, futures and other financial instruments, and its actions should not be used to judge the bitcoin market.

Everything has its two sides, if the market does not have big investors, the market will not have much confidence, and the development of the market will be slow. On the other hand, it will also be a blow to the market if Microstrategy decides to sell all of their bitcoins. But if we look at it on the positive side, it's another chance we can get bitcoins cheaper if they dump them. Depending on how we see and accept them, sometimes it's not as negative as we think.

I do not believe that MicroStrategy buys bitcoin to manipulate the market or to become a whale who can pump or dump a coin.
The main purpose of MicroStrategy is to keep on buying Bitcoin BTC on every dip and accumulate it for the long term. They have a vision on how Bitcoin will become a mainstream currency and how much it can gain in price as the adoption of Bitcoin BTC will increase worldwide.

Another thing is that MicroStrategy is the only institute that buys bitcoin at all prices, and they never get panic even if the bitcoin price is lower than their buying price.

ha nice they got to the round number of 140,000. It's gonna start getting much harder for them to accumulate in the near future. They won't ever get to that 1% number of 210,000 but that's probably good anyway, we don't need a single company owning 1% of the supply, and they can probably get to high 100,000s after a bunch more years of accumulation.

Just imagine if we start having dozens of companies racing to buy up Bitcoin to grow their corporate wealth and ensure their company is always financially safe. Too bad corporate executives outside Saylor haven't figured Bitcoin out yet. Maybe one day we'll see corporations putting in hundreds of millions of dollars into Bitcoin each month.

One of Zuckerberg's two goats is named Bitcoin. So he's gotta personally have a good stack of satoshis. I'm waiting for the day when Facebook announces a large Bitcoin buy or starts accumulating regularly. Zuckberberg would have been much smarter putting billions into Bitcoin rather than burning through billions of dollars on trying to pivot to Meta.

There was a small short lived corporate race into Bitcoin in late 2020 and early 2021. I wonder if we'll see a much larger corporate race into Bitcoin in 2024/25...though any companies that are smart will accumulate this year and early next year rather than wait for high prices.

Indeed to me this is a good signal in the market for those who really believe in bitcoin, they are always trying to accumulate more, not just giving strong information about the product to determine the price of a number of coins and then make a profit like someone else. But it must also be expressed that the strategy that Microstrategy is applying in the market has also brought great profits to them and investors.
For me, even though there are only a few cryptos, but seeing some large corporations pay more attention to this market, is also giving me a certain amount of joy in the belief that one day not far from the market. This market will be strong enough to match or outperform some other financial markets in the economy.

That's good news, this is a good sign of BTC's future. I am not an expert in predicting prices but if big authorities are buying BTC and announcing it publicly then that has a good impact on the market for the long term as these BTC will be held captive for a long period of time instead of for trading purposes. This will increase the demand as low supply is there in the market.

Overall, this will increase the hash power to increase in order to mine and thus the reward of BTC will decrease. Well, I think that's an obvious thing and every one of us Is familiar with this scenario. Things are getting close. One more thing I have in mind is that if the trading volume will decrease then the load on the blockchain will be less (like traffic). Then the transactional fee will be reduced?