Topic: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’ (Read 20378 times)

Panic? While some are panic selling, people like Saylor, who you don't see in the media but there are many (albeit buying much less quantity), are rubbing their hands because they can buy so cheaply. I think we need to put things in perspective and start talking about the price in millions, which would be the step before bitcoin can be a unit of account.

That is, right now, the price is $0.0986M.

Now that there's a dip in Bitcoin some people has started to panic we have no reason to panic because this has been part of Bitcoin and if we go through the history growth of Bitcoin one we know dip shouldn't bother us, so let's just enjoy the ride as we keep accumulating.

November 28th has already passed and MicroStrategy has purchased Bitcoin a total of three times since November 28. They bought 15,400 Bitcoins on December 2nd, 21,550 Bitcoins on December 9th, and 15,350 Bitcoins on December 16th. So the amount of bitcoins you mentioned here is also wrong. Enter here to see how many bitcoins they have purchased, You can clearly see that they were able to accumulate 439,000 Bitcoins into their investment portfolio.
https://treasuries.bitbo.io/microstrategy/



Of course they were the highest holders of Bitcoin, already surpassing China and the US Govt. Michael Saylor believes Bitcoin will reach even higher heights, which is why he continues to buy Bitcoin regularly despite many Bitcoin critics Mockery at him.

He made a good explanation in that interview and he shows that how smart Michael Saylor and how good really smart Microstrategy for taking up their Bitcoin investment.

Peter Schiff is old traditional dude which is skeptical on things he see. Maybe the guy doesn't want to get out of his comfort zone and just want to focus on things easy for him. He's always negative about bitcoin movement and maybe worried to much on its price volatility that's why he remain to be negative dude and still ignore those good achievements made by Bitcoin.

Microstrategy would continue to earn success by their continuous accumulation of Bitcoin while Peter Schiff and other doubtful dudes will remain where they are on investment scene if they always think act like that.

Top 10 Largest Corporate Holders of Bitcoin
Published on November 28, 2024,


https://www.visualcapitalist.com/sp/top-10-largest-corporate-holders-of-bitcoin/

MicroStrategy was the highest holder in November and till date they are still holding that position, microstrategy has huge faith in Bitcoin that's why they keep accumulating more and more Bitcoin without fear and i most say they are on the right track.

that video was a pain to watch with that awfaull stock music in the background and the AI voice, but the guy made some good points.

i would not listen to Peter Schiff at all, he is a clown, i have never seen someone be so wrong so many times about bitcoin as him.

Hey, OmegaStarScream, watch the 3 first minutes of the following video:

Fred Krueger - "I've Made A Fortune On Microstrategy" | Bitcoin Prediction

Guy talking is a PhD mathematician and successful businessman, who could still be wrong but I listen to him before I listen to Peter Schiff (who made that argument against MSTR first after the US elections).

MicroStrategy's Saylor Is Still Buying Bitcoin

MicroStrategy Inc. co-founder and Chairman Michael Saylor says he wants to add more “intelligence leverage” for shareholders. He also talks about potentially advising the Trump administration on crypto and says he's still buying up Bitcoin. He speaks on "Bloomberg Open Interest.

Video and Source link: https://www.bloomberg.com/news/videos/2024-12-18/microstrategy-s-saylor-is-still-buying-bitcoin-video

MicroStrategy has made their Bitcoin holdings more attractive and has maintained their buying intentions. They have announced that they will buy more Bitcoin in the future and that they will encourage the President to do so. Seeing this, many investors are also getting excited about investing in Bitcoin.
Michael Saylor has come live and revealed that he will buy more Bitcoin in the future and has given all the advice in this video on how to maintain their Bitcoin holdings for a long time.

very correct sir and Bitcoin is the future of financial freedom, freedom from government control.


https://twitter.com/saylor/status/1869353717809676534?t=P-fxkDkzk5OAda-A5YQowA&s=19

That the fool who is being smart is one of the many fools who are being smart and have no idea about MSTR's business model. Another Peter Schiff, who will still be saying the same thing years from now when the stock is worth $20K.

What he needs to explain is why MSTR didn't go bankrupt in the last bear market when the stock dropped to $17K and had debt convertible to bitcoin, unlike now.

Saylor himself has been asked repeatedly about that objection and he always says two things:

1. Those who make it don't understand their business model.
2. Obviously there is some possible scenario where MSTR could end badly, for example, if bitcoin ends up being worth 0. But it's just that those of us who invest in MSTR are bullish on bitcoin.

Under current conditions he would not be forced to sell bitcoin even if the price dropped to $10K next month.

Bitcoin is already known to have quite extreme corrections of 70% to 90%, and prior to 2022, the 200-WMA served as the bottom, and any spikes below the 200-WMA were short-lived.

In 2022 and into 2023, we have extended periods of right around 16 months below the 200-WMA that got as far as 35% below the 200-WMA at the peak dropping.

Right now the 200-WMA is $42.3k, and so 35% below the 200-WMA would be right around $27.5k. and that is right now.. the 200-WMA is continuing to go up by about $40 per day.. and you (or Jacob) are trying to consider an additional $10k correction ($17k is around 60% below the current 200-WMA) as if it were within a range of reasonable, and perhaps you are considering it likely since Saylor is using a kind of non-supportable and outrageous leverage to make his BTC purchases, but he isn't since he has the BTC to back the debt and the debt gets resolved as they go, and I doubt that his leverage is any greater than it was in 2022 when BTC prices likely needed to drop to $3k-ish in order for him to have to take action to collateralize his then outstanding debt.

Personally, I would think that if there were some issues with his custody, security or loss of coins, then there would be both loss of confidence, but also the shares and the debt would no longer be backed.

In any of the extreme scenarios, there are always possibilities that they could end up playing out and the contagion and the cascading of events can end up playing out in much worse ways than any of us were to project, yet in terms of any of our BTC investment practices, it seems way more healthy and rewarding to be accounting for more likely scenarios rather than extreme scenarios that are way less likely than they are being described to be.

I don't buy any proclamations that Saylor is smarter than the rest of us, even though he does have teams who likely have outlined a variety of contingency plans for a variety of negative scenarios, which likely involve continuing to buy bitcoin whether the price is high or low, and if they price is spiraling they may well keep buying until a certain point in which they might run out of capital to keep buying, so they might end up in a position where they are ONLY able to service their debt and surely the BTC may well be the last collateral that they would sell to the extent that the BTC is still available under such a calamitous set of events.  

I don't see a lot value in speculating in such extreme negative scenarios when the fact of the matter is that there are so many positive scenarios that are both playing out and more likely to play out, and a lot of folks having fun staying poor because they are spending so much time preparing for extremely low likely events that are not even very productive in entertaining.

Just look at the price since this original post. Now it's in the QQQ

If Saylor is buying infinitely, I believe he knows something that we don't, like the store of value that nations intend to make using bitcoin (he probably knew this long before us) or something beyond that, even the basics, like the currency of countries being inflated and it's always worth getting into debt in fiat for bitcoins... But one thing is certain, he wouldn't buy so much without knowing something, even more so buying what is until then the "top of the market".

I stumbled upon this Tweet. I don't know who this person is, nor his qualifications ... but still, I would like us to have a conversation about the risks involved here, and in which scenario would MicroStrategy be forced to sell? I say forced because he seems to have very strong convictions about bitcoin and I don't really see him willingly selling.

https://x.com/JacobKinge/status/1869095781887553768

Thoughts? How bad could this actually go for both MSTR stock, as well as the bitcoin price if bitcoin falls under a certain price? (according to another tweet of this individual, that certain price is 17,000$)

Wow, well talking about why the share is underperforming and how to improve, I know microstrategy is trying on communicating however they need to enhance more perception of Bitcoin holding, we all know that microstrategy's valuable is linked to Bitcoin so if the market shows a bad record of Bitcoin holding the stock will suffer so one of the ways to overcome these is by providing information about long term strategy for holding and accumulating Bitcoin, when ever there's a dip in Bitcoin microstrategy should capitalize on the opportunity of accumulating more Bitcoin with less cost, I think this will be of help.

Here is a little update on MSTR metrics :




Red line: Sats per (fully diluted) share.
Blue line: Enterprise value of MSTR(Fully Diluted)/Bitcoin Holding.

Blue line is nosediving, this is why share is underperforming lately.

Michael Saylor doing his best.

$MSTR made it into the NASDAQ 100. 2025 will be a big year.



15 Billion Dollars for a private institution that's huge. How much do you think you've made this year through Micro Strategy, whether private or as a company?

Yes, at least he has changed some of the things he said. As you say he is projecting more realistic expectations, and he is also no longer recommending the average joe to mortgage his house to buy bitcoin, for example. The last gaffe he made was about self-custody, but he soon recanted.


I have noticed it. When I bought the shares the BTC per basic share was 0.0011 or 0.0012. Now it is 0.00180263. It is noticeable.

If you noticed the share price is pretty stable despite the rise in bitcoin price, and that's because Saylor keeps selling shares through the ATM to buy bitcoin. According to the latest press release:


Something similar to Rockefeller or Vanderbilt I think, and he himself has talked about Rockefeller's example with oil to pose an analog with what he is doing with MSTR as a bitcoin treasury company.

But I think otherwise, no matter how much Trump issues an executive order to buy on the day he takes office, and subsequently Congress approves Lummis' proposal to buy 1M bitcoin in 5 years, that would mean buying a total of 200K bitcoins in 2025. Which added to the nearly 200K that USA has would make a total of 400K in 2025.

As of today MSTR has 439K and by January it will have 500K. This is huge I think. That is why I think that when the price of MSTR goes up it will be like a SpaceX rocket.

 

Chad Saylor is doing the Chad move by front-running the United States government. If the governments from the different regions of the world actually start accumulating Bitcoin as a "reserve", Chad Saylor's "gamble" will be written in trading and investment books as one of the greatest risk-taking moments in history. Perhaps something like John D. Rockefeller with his massive oil pipelines bet or Cornelius Vanderbilt's risk on the rail road system.

Saylor perhaps isn't doing it for the money, he's doing it to prove a point?

👀

$MSTR treasury operations delivered a BTC Yield of 72.4%, a net benefit of ~136,965 BTC to our shareholders. At $107K per BTC, that equates to ~$14.66 billion for the year.


https://twitter.com/saylor/status/1869001572862378428?t=ZUvfUrnQ8zch0E4ITdGrCg&s=19