Topic: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’ (Read 18329 times)

Currently, the price of Bitcoin has started to rise again, the price has reached 94 thousand dollars and also the company MicroStrategy has become one of the 100 publicly traded companies in the United States in terms of market cap.

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MicroStrategy is one of the top 100 US companies in the US for the first time since buying Bitcoin. MicroStrategy is currently ranked 97th.

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Microstrategy breaks into top 100 U.S. publicly traded companies as Bitcoin reaches $94,000

https://finance.yahoo.com/news/microstrategy-breaks-top-100-u-191842879.html

It seems that it has been a common theme in with MSTR that its various offerings have been oversubscribed and they thereafter agreed to accommodate the oversubscription of whatever offerings they had been making.

Also, I think there has been a lot of ongoing skepticism and concerns about the role that both MSTR and the various ETFs are playing in our current BTC pump, which many of us likely need to continue to pay attention and to figure out the extent to which bitcoin fundamentals might be being undermined by various third-party custodial arrangements.  It doesn't likely feel too bad for several of us who already have coin to have our bags pumped, even though it is also raising costs for the precoiners, and sure maybe we might not feel sorry for the no coiners and low coiners who had been purposefully poo-pooing bitcoin, so it can become more difficult for even innocent folks to figure out how to get into bitcoin and to build their stash for 4-10 years or longer in spite of some of the difficulties that can come to hanging onto coins when the BTC price is going up so seemingly rapidly... ..

Yet, on the hand, what else is new?  Bitcoin prices have always had these kinds of outrageous UPPity periods that caused confusion amongst both BTC HODLers and precoiners, including even causing a good number of already existing coiners to sell too many of their coin too soon.  This time is different?  I am not sure.. Maybe not enough different to really be that different.. just the players are BIGGER and some of the issues seem slightly different, yet still quite a few similarities to prior cycles for many of us to maybe just say, "so what?"  let the price pump, whatever.. people will figure out when, where and how to get into bitcoin (if at all?), whether getting in is just BTC price exposure and having their coins held by third parties or some form of direct coin ownership, or some combination of these.

Microstrategy's convertible senior notes increased in amount. It has already increased from $1.75 billion to $2.6 volume. Maybe MicroStrategy Company took this initiative to buy more Bitcoins. Currently, as the price of Bitcoin is increasing, so is the amount of their invested portfolio. Today Bitcoin started to grow again and already touched $94,585 (ATH ) dollars may be very soon going to create a unique record in the history of Bitcoin i.e. very soon Bitcoin may be going to touch $100k dollars.



MicroStrategy Raises $2.6B in Note Sales for Bitcoin Purchases

Well, I was going to say that the following may be huge news:

Michael Saylor to pitch Microsoft board on Bitcoin buying strategy


But in reality, as I see things, if MSTF ends up voting no, what they are going to do is make fools of themselves, and when the other majors like Apple or Meta start buying they are going to be forced to step back, acknowledging with their actions that they made a historic mistake.

MicroStrategy Now Holds $30 Billion in Bitcoin—These Are Its Biggest Buys
How did Michael Saylor's firm amass a record stash of Bitcoin? Here's a look back at how MicroStrategy made such massive gains.

MicroStrategy, fronted by outspoken Bitcoin bull and Executive Chairman Michael Saylor, added to its sizable Bitcoin holdings Monday with the purchase of 51,780 BTC—or $4.6 billion worth.
The purchase is the latest—and largest—in a string of Bitcoin purchases dating back to 2020, when MicroStrategy and Saylor made the strategic decision to allocate capital to the leading cryptocurrency to “maximize long-term value for shareholders.”
Since that time, the business intelligence firm has reshaped itself into a Bitcoin development company and pioneered the crypto treasury reserve asset model that others have copied. It has also amassed more than 331,200 Bitcoin, making it the largest corporate treasury reserve holder of the asset. That’s more than $30 billion worth, as of this writing.
Learn more about Microstrategy::

(How this company became successful with bitcoin holdings, amassing over 30 billion in wealth from bitcoin holdings alone. You think they bought a total of 331200 bitcoins which is over 30 billion assets at current value. They are currently among the highest bitcoin holding institutions by purchasing bitcoins in droves, and they are in the process of holding and holding even more bitcoins in the future.
Because their holdings will be long-term with several years to come, it is possible to reach the pinnacle of success with patience only through holdings.)

Bitcoin Treasury Adoption Surges: Meet the New MicroStrategys

MicroStrategy’s corporate Bitcoin treasury strategy is taking off. Public companies are FOMO’ing into bitcoin. It’s almost as if Trump’s pro-Bitcoin stance is giving companies the green light to stack BTC.

Yesterday alone, seven public companies announced that they have bought or plan to buy bitcoin for their treasury reserves, with one new company committing to purchasing $1 million in BTC today. Crazy, right? It has felt like a minimum of one to two new companies a day are adopting bitcoin as a reserve asset — not to mention all the companies getting bitcoin exposure via the ETFs.

It’s surreal to witness the FOMO from companies adopting a corporate Bitcoin playbook in real time. I mean, Michael Saylor has been preaching this and leading by example for the last four and a half years, and now that we’re almost at $100,000 bitcoin, companies are FOMOing in en masse.

Was it the dramatic increase in bitcoin’s price that catalyzed this surge in more and more companies adopting Bitcoin, the incoming Trump presidency, or are companies finally taking Saylor’s advice seriously after his strategy has proven to be successful? It’s hard to tell — it’s probably a mix of all three.

Beyond the borders of the U.S., other companies are also adopting the MicroStrategy playbook — and reaping the benefits of it. Metaplanet, a publicly-traded Japanese company, went from a zombie company to ranked #29 out of 4,000 listed companies in Japan by trading value since adopting a corporate Bitcoin strategy. Unreal.

Source link: https://bitcoinmagazine.com/markets/bitcoin-treasury-adoption-surges-meet-the-new-microstrategies

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I think the microstrategy company has achieved the pinnacle of success, with Metaplanet being one of the seven organizations that have adopted Bitcoin on their advice. But anyway let's get the fastest and risk-free success by only buying bitcoins, although there are risks but the risk in buying bitcoins is much less than by holding bitcoins for a long time only. 
The more bitcoins you hold the more success will come, especially Michael Sylor's advice and examples and all the time he promoted bitcoin with his rational words that many organizations follow his logic and wisdom and are going to be successful. Because many companies have promised to accept Bitcoin which is good news for all Bitcoin holders.

They are not selling, so there is no need to waste time with that kind of a fruitless, meaningless, irrelevant and distracting mental exercise.

Sure, you might want to get worried about their losing their coins or something like that, but selling is not  one of the scenarios that you should be spending much time contemplating if you are trying to deal with realistic scenarios rather than completely made up fantasy scenarios.


Good.  You already know that they are not selling, so I am not sure why you mentioned it in your first sentence.  And, yes, they seem to have an affect on the BTC price, since Saylor has pretty much been one of the most powerful marketers in bitcoin since around August 2020 (when this thread opened)... Single-handedly (and with the backing of resources of his company) pushing and propagandizing bitcoin for slightly more than 4 years, including but not limited to giving seminars, creating compelling presentations, ongoingly going on interviews..


There you go.. back to the dumb idea of MSTR/Saylor selling their bitcoin.  Don't you have better and more likely happenings related to bitcoin that you can ponder over and present?


Are you keeping up on your MSTR activities chart?  or did you give up on it?  It would be close to a full-time job, just to keep up with them.


Surely, there is a certain value in staying active, and frequently I suggest that regular people continue to buy bitcoin no matter what during at least their first 4 years in bitcoin, and Saylor is playing such "staying active" game at much higher levels than any normie.. yet it still kind of rises to a level of DCAing.. or maybe DCAing on steroids?  With all of that financing and leveraging, it surely goes to another level... and it seems to work better as the BTC price is going up, but then it has a kind of snowballing effect to also contribute towards the BTC price going up.. and so normally, we would have BTC cycles that would be peaking  within about 1.5 to 2 years after the halvening, so I wonder if any new money going into MSTR might get resolved at that time? 

It's beyond my pay grade.. I will just watch with popcorn rather than claiming to know anything specific that far out into the future.  I have a hard enough time just watching current prices and assessing them to be generally UPpity bound.. not that it makes much difference to anything I do except just get more richie in the process of these various companies, governments and/or individuals ongoingly pumping my poor wee widdo bitcoin bags... is the wealth effect merely on paper?  I don't care.. that's fine.  whatever, this is fine... Paper wealth has meaning too.


This is also beyond my pay grade, to the extent that it matters, and surely Saylor talks a pretty BIG pro-USA and/or patriotic game, and so he might not even mind if his company were to be co-opted by the USA government out of national security interests/concerns.  I am not suggesting that anything like that is soon within the cards, yet there could be some point that aspects of the USA government could become worried about the amount of capital that Saylor and his company is amassing.  At a certain point (if it has not already crossed such threshold), the thing that Saylor is doing becomes too large too ignore.  Some folks consider that Saylor might be doing these things on purpose as a kind of government plant.

Your assumption may be correct, but I doubt he can cornering the market because he has built the foundation of this creative idea wisely and if he does it in the future by cornering the market it is a pretty bad move that will have fatal consequences for his company.

Bitcoin is currently ranked 8th with the largest assets by market cap. Yes it will be difficult for saylor to cornering the market, but that is just my guess.


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Here is a video clip, saylor say, as long as he has money he continues to buy bitcoin and hold it.


source

I was just talking about it in the local forum. That is why he is a billionaire and we are not, because he does things that are hard for us to understand even though we are bitcoiners and have been on this forum for years. No, he's not going to sell his bitcoin. Never. It is the cause of his success.


He started buying in August 2020 and has already gone through a bear market, which lasted about two years starting in November 2021. Has his strategy changed at all? No. He kept buying bitcoin. I've heard him say he's going to keep buying at the highs forever.

I really would be more confident if he was using the coins he buys in some way.   Im not sure how that'd be just as safe as not using them, maybe security is his main priority so he cant do anything like lend them out.

Just buying more and more Im not sure about this in this year especially as we now have ETF.   He has competition on that simple idea surely.   The company must be about alot more then just that one singular idea I believe they are; if he was trading the peaks I could understand but I think its just one way.

  BTC goes up so of course he looks good but we know BTC can look locked into going down at times also, he must understand and have allowed for that possibility surely.

Yeah, I saw the headline about MSTR's new BTC buy, and I was a bit shocked to say the least--it doesn't surprise me that Saylor would want to acquire more, but for one thing the market has skyrocketed since his last purchase and for another his company has already leveraged itself massively to buy all of the bitcoin it currently holds.

But hey, I've doubted Saylor's decisions before and have been proven wrong, so at this point I'm just rooting for him.  I don't think the rest of us bitcoiners are in any danger of him cornering the market, though, i.e., MSTR owning somewhere close to the max supply of circulating coins.  If he ever tried that, it'd be a really bad move (but that's basically true for anyone trying to corner a market).

Not just Michael Saylor when it comes to investing, you can invest no matter what your situation is. You may be thinking that Michael Saylor is the CEO of a company for which he is right in his position. I think we are all right in our own position if we have our own ability to buy bitcoins.

Is there anyone who doubts right now that MSTR is going to reach 0.5M BTC in the next 1 to 2 years. Reaching 1 million bitcoins will be more difficult with the foreseeable price increase, but it is certainly gaining a privileged position.

Is anyone worried about the small dips in the bitcoin price? Do you despair because the price does not reach $100K? Saylor is not, he is rather rubbing his hands because he can buy it so cheaply.

Currently, MicroStrategy has become the 229th most valuable company in the world in terms of market cap. The picture you mentioned says that MicroStrategy is ranked 281nd by market cap and shows their total market cap at $33.36 billion. In just one month, the market cap of this company has increased more than twice as compared to the last month, that is, their current market cap is $81.11 billion dollars. As a result, they have risen many steps in terms of market cap of valuable companies. Recently, Michael Saylor bought Bitcoin twice in November. Bought BTC27200 BTC on November 11th and BTC51,780 BTC on November 18th. In November alone, MicroStrategy purchased a total of BTC78,980 bitcoins, As a result, their market cap has also increased much more than before.

Yes, good points here in regards to whether or not MSTR could ever be sued. But despite being public about everything, this has probably not much to do with any future liability concerns. It is a clear marketing strategy and it works. Here they describe how these convertible senior notes work and at what terms.

MicroStrategy Announces Pricing of Offering of Convertible Senior Notes

They redeem any convertibles at either 100% the initial purchase price + any accrued interest or the holder can convert them into class A common stock. This is a highly attractive offer as Michael Saylor has said that the mid-term goal is to become the biggest and most important bitcoin bank in the world. With the pace at which they are now acquiring bitcoin, it is hard to imagine that any other institution or company will outstrip them on the way to their goal. If I had convertible notes of a company that credibly aims at becoming the biggest financial player in the bitcoin cosmos, then I would truly be happy to hold these notes and probably buy more.

Saylor has kicked off a serious business case here as to how raise more funds in order to buy more bitcoin, or as was said before here


But his plan only works because he executes like nobody else. He is overdelivering and he probably knew beforehand that he would do it and that he would go beyond what was announced in his 3-year plan. The last purchase of 51,780 BTC is just insane. If you are the biggest player in the world already and you then add 18.5% to your holdings at a price that is around the ATH, I think there can't be any more signalling as to how serious you are about everything you've told the public so far. It's even crazier than that, if Saylor says something today, people will start adding expectations to whatever he says and he is approaching a position of real, tangible market power.

I wonder if the U.S. government could strive for some cooperation/influence in the MSTR company, similar to what they are doing with Starlink and SpaceX. Since the idea of a bitcoin reserve was brought up in the recent past, they might as well support the strongest player in the world as MSTR is U.S. based anyway. Does that make any sense or what do you guys think? Behind the scenes a lot of things could be going on and I sometimes feel the government doesn't want to take the active role in some things, similar to their cooperation with Starlink. They can always say "we have nothing to do with it, it is the entrpreneur Elon Musk making the decisions".

Yeah, and anyone who allows their money to be dormant is visionless


Wisest decision anyone in the position of Michael Saylor could do as well; buying and hodling more btc.
Invariably, use what you have and get what you want.

Money never Sleeps



Micheal Saylor is getting free money to buy the hardest money.
Legend.

I don't know why the news of MicroStrategy acquiring more bitcoins doesn't move me again, maybe because we know the commotion that will happen when they decide to sell. That notwithstanding, MicroStrategy has made great impact in the price of bitcoin since they started acquiring bitcoins and it's good to see that they are even buying more bitcoins without thinking of selling, since the price of bitcoin has been experiencing immense growth after the United States election. I think we should enjoy the impact of MicroStrategy in the market, any day they sell, and the price of bitcoin peradventure falls, it will also grant an opportunity for investors to buy bitcoins at cheaper prices.

Frequently public companies are at a disadvantage by having to publicly disclose what they are doing, and surely we have discussed before how Saylor and MSTR had gone overboard in terms of the level of their disclosures in regards to what they were going to do, so it becomes way more difficult to sue them for failure to disclose or misleading investors in regards to their conduct.

Some of those public naysayers are coming around to bitcoin, and they don't really have a choice when the market is going opposite to their claims, and they were not able to talk people away from it.. except those people who then may become mad at themselves for listening to folks like Bill Gates and some of the otherwise reputable bitcoin naysayers.

Yes, I think that was a conservative estimate they made, but I think it will fall short in the first year. I think with the amount of institutional capital coming into the bitcoin market they are going to follow the strategy of buying as much as they can as soon as they can and that the 21+21 (billion dollars) plan might be completed in 2025 or maybe 2025 and part of 2026.


Fuck, you're even more bullish than me.