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Topic: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’ - page 12. (Read 18485 times)

legendary
Activity: 2268
Merit: 16328
Fully fledged Merit Cycler - Golden Feather 22-23
They found pennies in an old pants pockets to buy some more:




I would say this time they were happily served by the market.
No green candle.

I believe what your saying is they’re at a loss right now but In the long run with our expectations for btc isn’t it just a temporal loss but a win for them by just acquiring some amount of btc because the price will eventually go way higher than it is right now.

Actually they are not in a loss, rather their average price is quite lower than this.
They are sitting on huge unrealised profit. Also for this reason they are looking to the accounting principles reform allowing to transfer such gain into their fiscal statement.
jr. member
Activity: 157
Merit: 8
They found pennies in an old pants pockets to buy some more:




I would say this time they were happily served by the market.
No green candle.

I believe what your saying is they’re at a loss right now but In the long run with our expectations for btc isn’t it just a temporal loss but a win for them by just acquiring some amount of btc because the price will eventually go way higher than it is right now.
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
^

[...] Saylor is selling MSTR options that he got 10 years ago that will otherwise expire. 5000 shares per day in Q1. Saylor has been fully transparent about this in their Q4 financial results. He buys bitcoin privately with the proceeds.

"Here is the YTD overview of the options exercised by the $MSTR executives and officers. Saylor has 120,000 left to exercise from his current award.  24 trading days left of his 5,000 a day exercise activity:"


https://x.com/BenWerkman/status/1771612423142707239
full member
Activity: 350
Merit: 157
Michael Saylor in an interview, said that he chose Bitcoin because Bitcoin is the winner and he has no reason to choose losers like fiat currencies, bonds for MicroStrategy. So it does not make sense to sell bitcoins.

Michael Saylor Not Interested in Selling: ‘Bitcoin Is the Exit Strategy'.

Quote
“We believe capital is going to keep flowing from those asset classes into bitcoin because bitcoin is technically superior to those asset classes and that being the case, there’s just no reason to sell the winner and to buy the losers,” he said.

So far MicroStrategy are investing with this strategy but soon we will see how they stick with this strategy or will take profit in future.

I believe they will stick with this strategy because Bitcoin is actually the winner. Its price is volatile in short term but in long term, it is damn strong and gives best ROI. Not only the winner, but gives best ROI.

https://casebitcoin.com/charts#roi_chart

I only wish more retail investors would understand this and adopt a perspective of long term holding, many people are only in bitcoin for quick profits from the bull and end up selling when the price has reached a certain high level, but don't they ever wonder why these big companies Don’t sell, they know what others don't and from Michael saylor Comment that shows a lot, to him bitcoin is a far better asset than all others and they is no need to sell to have faits or to buy any other asset, this guy sees a future that many don't and I won't be surprised if he becomes an icon in wealth in the next few years.


From Michael Saylor himself #Bitcoin is wining

Source - https://twitter.com/saylor/status/1771638958906110426
hero member
Activity: 1106
Merit: 912
Not Your Keys, Not Your Bitcoin
I only wish more retail investors would understand this and adopt a perspective of long term holding, many people are only in bitcoin for quick profits from the bull and end up selling when the price has reached a certain high level, but don't they ever wonder why these big companies Don’t sell, they know what others don't and from Michael saylor Comment that shows a lot, to him bitcoin is a far better asset than all others and they is no need to sell to have faits or to buy any other asset, this guy sees a future that many don't and I won't be surprised if he becomes an icon in wealth in the next few years.

Everyone can't be like Michael Saylor and his company. Some people like their quick profits and it favour them and I'm cool by it, Microstrategy has money to do what they want but the rest don't have like them and they also.has access to borrow funds from any company to buy more because they are capitalizing on low leverage, their liquidation should still be below $20k, if anything unexpected comes up, the can still find their way out and stay liquid.

My only fear is that the government is watching and I can't say for sure if Microstrategy don't have cockroach in their cupboard when SEC start investigating, they are now currently the highest institutional investors with lots of Bitcoin, if SEC comes after them and see some foul game, the will fine them and you know what happened next if such news spread outside, Bitcoin price will be affected.
member
Activity: 196
Merit: 14
I have seen this news in many places but I didn't believe it, I thought maybe it was fake news, but after seeing your post, I can fully believe it because I was surprised to see this issue of buying bitcoin, that's why the price of bitcoin has increased so much.  But anyway, I tried to share some news, sorry if wrong.




MicroStrategy, the Nasdaq-listed business intelligence company, has become the first publicly-traded company to buy bitcoin as part of its capital allocation strategy.

The company announced on Tuesday that it has purchased 21,454 bitcoins (currently worth over $250 million). MicroStrategy first revealed its plan to buy bitcoin as a way to avoid inflation on July 28.

Read More....
News Link :- https://www.theblock.co/linked/74534/microstrategy-becomes-first-listed-company-to-buy-bitcoin



hero member
Activity: 2338
Merit: 737
setiap strategy mengelola aplikasi menjadikan perangkat lunak

harus seorang membuka peluang ide untuk ke depan nya agar tercapai suatu keiginan intrumen ke uang an ini dapat
memberikan keuntungan ke naikan berinvestasi di cripto berdasar kan suatu sentimen

dengan tingkat keamanan dan kesulitan berbeda nilai mata uang
tapi bitcoin menjadikan lebih mudah dan maksimal lebih masuk akal

When you discuss on a global board such as Economics, it's a good idea to use proper English and not need to use your own regional language. This topic is about MicroStrategy and recently MicroStrategy has acquired an additional 9,245 BTC for $623.0 million using proceeds from convertible notes & excess cash for $67,382 per #bitcoin . On 3/18/24, $MSTR hodls 214,246 $BTC acquired for $7.53 billion at an average price of $35,160 per bitcoin. You can read it here microstrategy.com or directly on Michael Saylor's Twitter account.
newbie
Activity: 232
Merit: 0
setiap strategy mengelola aplikasi menjadikan perangkat lunak

harus seorang membuka peluang ide untuk ke depan nya agar tercapai suatu keiginan intrumen ke uang an ini dapat
memberikan keuntungan ke naikan berinvestasi di cripto berdasar kan suatu sentimen

dengan tingkat keamanan dan kesulitan berbeda nilai mata uang
tapi bitcoin menjadikan lebih mudah dan maksimal lebih masuk akal
sr. member
Activity: 98
Merit: 55
R7 for Campaign management
Michael Saylor in an interview, said that he chose Bitcoin because Bitcoin is the winner and he has no reason to choose losers like fiat currencies, bonds for MicroStrategy. So it does not make sense to sell bitcoins.

Michael Saylor Not Interested in Selling: ‘Bitcoin Is the Exit Strategy'.

Quote
“We believe capital is going to keep flowing from those asset classes into bitcoin because bitcoin is technically superior to those asset classes and that being the case, there’s just no reason to sell the winner and to buy the losers,” he said.

So far MicroStrategy are investing with this strategy but soon we will see how they stick with this strategy or will take profit in future.

I believe they will stick with this strategy because Bitcoin is actually the winner. Its price is volatile in short term but in long term, it is damn strong and gives best ROI. Not only the winner, but gives best ROI.

https://casebitcoin.com/charts#roi_chart

I only wish more retail investors would understand this and adopt a perspective of long term holding, many people are only in bitcoin for quick profits from the bull and end up selling when the price has reached a certain high level, but don't they ever wonder why these big companies Don’t sell, they know what others don't and from Michael saylor Comment that shows a lot, to him bitcoin is a far better asset than all others and they is no need to sell to have faits or to buy any other asset, this guy sees a future that many don't and I won't be surprised if he becomes an icon in wealth in the next few years.
sr. member
Activity: 966
Merit: 306
Michael Saylor in an interview, said that he chose Bitcoin because Bitcoin is the winner and he has no reason to choose losers like fiat currencies, bonds for MicroStrategy. So it does not make sense to sell bitcoins.

Michael Saylor Not Interested in Selling: ‘Bitcoin Is the Exit Strategy'.

Quote
“We believe capital is going to keep flowing from those asset classes into bitcoin because bitcoin is technically superior to those asset classes and that being the case, there’s just no reason to sell the winner and to buy the losers,” he said.

So far MicroStrategy are investing with this strategy but soon we will see how they stick with this strategy or will take profit in future.

I believe they will stick with this strategy because Bitcoin is actually the winner. Its price is volatile in short term but in long term, it is damn strong and gives best ROI. Not only the winner, but gives best ROI.

https://casebitcoin.com/charts#roi_chart
member
Activity: 238
Merit: 59

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Bitcoin Magazine - Bitcoin News, Articles and Expert Insights home
MICROSTRATEGY'S SAYLOR OFFERED TO BUY OUT SHAREHOLDERS BEFORE BUYING BITCOIN
Speaking at the 2024 Abundance360 Summit, MicroStrategy CEO Michael Saylor offered new details on his historic 2020 Bitcoin purchases.
VIVEK SEN8 HOURS AGO
HOME
BUSINESS
Michael Saylor faced obstacles before he successfully added Bitcoin to MicroStrategy's balance sheet in 2020.

Speaking at the 2024 Abundance360 Summit this week, Saylor revealed how he offered to buy out MicroStrategy shareholders in a Dutch action when they moved to first acquire $250 million worth of Bitcoin.

The comments come after Saylor and his company announced earlier this week that they had purchased approximately 9,245 bitcoins for around $623 million. This latest acquisition brings MicroStrategy's total holdings to about 214,246 BTC.

In a video clip from the conference, Saylor explained how he offered MicroStrategy shareholders the option to tender their shares back to the company as they were buying Bitcoin.

"We announced that we would do a Dutch auction and buy back $250 million of the stock at a premium. The stock was about $121-$122. We offered to buy our shareholders out at $140. We gave 20 days to think about it." Saylor explained.

He said his philosophy was to "buy Bitcoin" and that he was willing to do whatever it took to accumulate more. At the time, the Bitcoin was price was roughly $11,000, down from all-time highs at $20,000 set in 2017.

Saylor's aggressiveness in acquiring Bitcoin for MicroStrategy has made the enterprise software company one of the largest corporate holders of Bitcoin. The company currently holds over $13.7 billion worth of BTC, making Bitcoin its primary corporate treasury asset.

MicroStrategy has since financed its bitcoin purchases through debt offerings and equity issuances, even as the bitcoin market has declined, and has made clear he has no plans to sell his stash anytime soon.

Vivek Sen
BY VIVEK SEN
Vivek Sen is a UK-based news reporter for Bitcoin Magazine.

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legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
^

[...] Saylor is selling MSTR options that he got 10 years ago that will otherwise expire. 5000 shares per day in Q1. Saylor has been fully transparent about this in their Q4 financial results. He buys bitcoin privately with the proceeds.
legendary
Activity: 1358
Merit: 1565
The first decentralized crypto betting platform
 In this regard, there is a recent play by Saylor that has caught my attention. He popularised 'borrow against your bitcoin', explaining that the very rich do not sell their assets but borrow against them and refinance them. So, it is logical that he keeps accumulating because he considers bitcoin the best asset in the world, and he is not going to sell, apart from some small sales for tax purposes as happened once before. But he recently sold shares in his company:

MicroStrategy's executive chairman sells over $2.6 million in company stock.

I don't see why he does that when he could do the same thing, borrow against the shares, instead of selling them and avoiding paying capital gains tax. In the end MSTR is basically a derivative product of bitcoin that due to leverage is having more returns than bitcoin itself and in which the business intelligence business has less and less weight. That's why I don't see this move as very consistent with what it preaches.
legendary
Activity: 2268
Merit: 16328
Fully fledged Merit Cycler - Golden Feather 22-23
They found pennies in an old pants pockets to buy some more:




I would say this time they were happily served by the market.
No green candle.
sr. member
Activity: 392
Merit: 350
Michael Saylor's MicroStrategy raised $600m over 7 years at just 0.875% interest.

MicroStrategy completed the offering of $603.75 million of convertible notes at a 0.875% coupon and a 40% conversion premium.


Twitter (X)
legendary
Activity: 2268
Merit: 16328
Fully fledged Merit Cycler - Golden Feather 22-23
He’s at it again, absolute legend. This latest $500 million convertible senior notes, pumped into Bitcoin will put MSTR above 210,000 coins & > 1% of total supply.

Saylor is going to go down in history.
Michael is doing well for his company and the Bitcoin community, Bitcoin price get benefit from money spent by MicroStrategy and their noise on media.

I wonder that is there any limit on issue of convertible note, according to laws and regulation?

I don't have knowledge in this field but I believe there will be limit on what MicroStrategy can do with convertible notes, and they will not be allowed to issue it as no cap.

I am not aware of any limit on convertible note issuance limit, but I might be wrong. Of course more important than any legal limit of this activity, is the market giving “limits”: when you use too much leverage the market starts questioning the approach and usually demands higher and higher premiums for that.
At the moment, this limit is far beyond horizon for MSTR, but things might change If issuing goes on, or priced dynamics Turns less favourable.
sr. member
Activity: 966
Merit: 306
He’s at it again, absolute legend. This latest $500 million convertible senior notes, pumped into Bitcoin will put MSTR above 210,000 coins & > 1% of total supply.

Saylor is going to go down in history.
Michael is doing well for his company and the Bitcoin community, Bitcoin price get benefit from money spent by MicroStrategy and their noise on media.

I wonder that is there any limit on issue of convertible note, according to laws and regulation?

I don't have knowledge in this field but I believe there will be limit on what MicroStrategy can do with convertible notes, and they will not be allowed to issue it as no cap.
legendary
Activity: 2268
Merit: 16328
Fully fledged Merit Cycler - Golden Feather 22-23
They have ONLY been accumulating, and pretty regularly since the start of this thread...  including saying that they are never selling.. even though they might be exaggerating a bit on the last point.. perhaps.  Saylor is so crazy, he might really be telling the truth about never selling, even though he surely has the option to sell at any time that he wants as long as he is not breaching his fiduciary duty to his shareholders who might have become reliant upon his ongoing, persistent and consistent statements that he is never selling any of his (MSTR's) bitcoin.

At this point I guess never selling has more to do with Stock valuation rather tan Bitcoin Valuation.
At the moment, Microstrategy has a record valuation as its enterprise value is more than 2.3 times the Bitcoin they hold.
Selling bitcoin from Micheal Taylor would have a negative price impact for Bitcoin, but it would also destroy this "Microstrategy Premium", so this not going to happen.

Also maybe this si the reason MS has been selling Microstrategy shares lately, and not bitcoin.
legendary
Activity: 3892
Merit: 11105
Self-Custody is a right. Say no to"Non-custodial"
Who is flaming who?  You keep raising the same question for the last 3-ish years.
That was a preemptive call for non-flaming, since I recall getting a lot of backlash for prior statements.  And I'm not flaming anyone here because of any opinions they might have regarding MSTR.  Not now, anyway (heh).
On the other hand, if your theory is that they are going to turn on him when (or if) the BTC prices go down, that seems to be a pretty lame cause of action, even though you seem to think that it is important.... and it is not..  You should already realize that one of the main ways to make a cause of action for breach of fiduciary duties would be in regards to lack of transparency (if such were to exist) rather than merely based on his using leverage to buy bitcoin and telling everyone that is what he is doing.
But there already was a lawsuit in the works that I linked to a while back (that apparently went nowhere), so it isn't as though it couldn't happen.  

The mere fact that people file frivolous law suits should not be sufficient evidence that there might be some in the future that might potentially have some merit...

Personally, I think that it is better to describe some sort of valid cause of action, and then go from there rather than just exaggerating possible causes of action that are frivolous at best.

But you're right, MSTR is being completely transparent about what they're doing with respect to buying bitcoin so I guess anyone who holds their stock shouldn't be shocked that its price is closely tied to the price of bitcoin.  And if bitcoin dropping down to $16k or wherever it was a couple of years ago didn't cause a revolt then I doubt there's going to be one in the works, except if some ambulance-chasing law firm wants to start up a class action lawsuit (which would probably fail).

Anyway, despite my skepticism my current thinking is that it's a benefit to the rest of us that a CEO of a tech company is so pro-bitcoin that he's putting his money where his mouth is and buying it in bulk.  If he has any influence in government or influential friends, that'd be even better.

He is becoming more and more popular, yet in recent times, I have been describing him as "not normal" and not something that regular normies should emulate, even though, sure, he can do what he likes..and maybe his battle is more with the no coiner companies or those companies who are bashing on bitcoin, so he is creating drama with some of those big companies to potentially teach them a lesson to get in the bitcoin train sooner rather than later, even though some of them continue to be against bitcoin, even while Saylor is ongoingly showing them actual concrete evidence that getting on the bitcoin train can be (and has been) a winning strategy.  

This is good news for many people in the world who are not familiar with Bitcoin.  Microstrategy bought 250 million bitcoins and held them for a long time.  This they do a lot of intelligence work.  When he sees that the next time it goes viral, his market price goes up a lot, he sells at a higher price in the market, then he spends more bitcoins to buy so that he can sell at a higher price later on.

You are just making shit up.  So far MSTR has not been trading (which involves selling bitcoin).

They have ONLY been accumulating, and pretty regularly since the start of this thread...  including saying that they are never selling.. even though they might be exaggerating a bit on the last point.. perhaps.  Saylor is so crazy, he might really be telling the truth about never selling, even though he surely has the option to sell at any time that he wants as long as he is not breaching his fiduciary duty to his shareholders who might have become reliant upon his ongoing, persistent and consistent statements that he is never selling any of his (MSTR's) bitcoin.
newbie
Activity: 26
Merit: 0
This is good news for many people in the world who are not familiar with Bitcoin.  Microstrategy bought 250 million bitcoins and held them for a long time.  This they do a lot of intelligence work.  When he sees that the next time it goes viral, his market price goes up a lot, he sells at a higher price in the market, then he spends more bitcoins to buy so that he can sell at a higher price later on.
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