Topic: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’ - page 13. (Read 22662 times)

Even with a lot of short-term upside, shorts could be played on shorter timeframes and be profitable, yet it seems like a gamble since it seems that what Saylor is doing is not even very outrageous, so that buyers of the convertibles can sell once their target price is reached, and so then if the target price is reached, the debt is resolved, and if the target price is not reached, then the debt would just be resolved at the time of its expiry several years down  the road and at near zero percent costs to MSTR...   It seems like a win win.. so I surely am not opposed to that part of what they seem to be doing.


I am also not opposed to having some adventure and diversification in the various ways that we might invest, even if I am not going to do it myself.

Let's say that I have 30 bitcoin and you have 3 bitcoin.  I say that I have enough bitcoin so I don't need to be fucking around with these various tools, even though I could increase my stash faster.  Let's say that you are able to increase your profits so much that you catch up to me... Am I going to be mad because I could have had done better?  I doubt it.  I am fine with what I am doing with my hypothetical 30 BTC and it is enough for my lifestyle including whatever other assets I might have and other anticipated costs.

I suppose we could change the hypothetical where we both have 30 BTC, and then I might say?  Why you doing that, but then your doing that leads you to have 100 BTC and I only have 30 BTC.

Or we could change it in the other direction, and I have 3 BTC, but I want to get to 30 BTC, then maybe if I had higher aspirations for my BTC, then maybe I might find time to add MSTR to my mix of investments.


He presents his ideas and various ideas about bitcoin quite well, though I am not exactly excited whenever he goes down any path poo-pooing self custody or various kinds of smaller ways that people might use or transact with bitcoin.

I am not horribly bothered by any pushing up of the BTC price that he might be doing, even though some poor people might not have time to get into bitcoin at a fast enough pace as price pressures continue to be upwardly on bitcoin based on Bigger and  BIGGER players coming to bitcoin and also employing varius finacialization tools in their acquisition of bitcoin.


Even though BlackRock does not own the actual BTC they are custodying, I thought Saylor did not have a chance to keep up with them, yet Saylor really stepped up the game in recent times.

I am doubting if he will be able to keep up with BlackRock's custodying the coins of other, especially since MSTR and Saylor ends up in way smaller ownership of the coins.. but whatever, I am not that wedded to any ideas about who owns what.. at least not so far.. Maybe a few years down the road there might be some need to worry, but I would think that there would not be so many problems so long as each of them actually have the coins they claim to have.

Ongoing BTC buying pressure seems to be coming from a lot of places, and not just Blackrock and Saylor/MSTR.


We cannot stop anyone who holds private keys from selling on the market.  That's their choice. 

We could try to anticipate how likely it might be to get mass sales like that..., which sure we see those kinds of things some times, and if they come at inopportune times, then all of a sudden BTC is on sale.


That cannot be controlled either.  How you going to stop BIG players from buying BTC?


They cannot own it all.  Anyone can buy it, and right now you get more than 1,000 satoshis for a dollar, which might not be true for long... but anyone can afford to buy some BTC in case it catches on or in case its price goes up even more than it already is.


That is in 21 years.  His prediction seems pretty conservative, but yeah, we have around 5.5 cycles between now and 21 years, so that is quite a ways out... so of course, there are likely going to be a lot of changes in bitcoin between now and then...and I am not going to proclaim to know.  I expect that there will continue to be ups and downs in bitcoin and also that the general direction is UP like Saylor says.. but yeah, the details are hard to know, to the extent that the details matter in terms of what any of us might plan to do during such time in which we might have also identified what we expect to be ongoing and continuous growth in this asset class in which it is open to anyone to buy.. and sure, those with more discretionary income and those with more access to exchanges or places of buying /selling are going to be advantaged over those who don't have discretionary income or access to exchanges... and so the world is not exactly fair, but having information and acting upon it to our advantage is the most we might be able to expect to be able to do..

Well, BlackRock's competing with MicroStrategy hoping to own the most BTC. But I think Saylor and his company will prevail in the long run. At least, his actions trigger a massive "pump" in market prices. As long as he sells OTC (over the counter), there should be nothing to worry about. Selling a huge stash of BTC on the market is sure to bring a massive "dump" in price. That's why OTC is the way to go.

I'm hoping the majority of the BTC ends up in the hands of the community (people), instead of businesses and/or corporations. It would be a huge blow to Bitcoin's principles if the "Elites" own it all. I'm now wondering if Saylor's prediction of more than $13m per Bitcoin will materialize. At the pace it is growing, anything's possible.

There is a video today where in 3 minutes Saylor explains why the shorts are wrong and explains what his business consists of in a summarized way.

Michael Saylor on Citron's short bet on MicroStrategy


Well I think that both positions are respectable, both investing only in bitcoin and also having a small part of MSTR shares. In my case since I bought MSTR shares again I have been more motivated to follow what Saylor is doing, what he has created with his company and I find it more exciting than the plain old boring, as you yourself say, investment in bitcoin.


Not only the strategy, but also everything related to bitcoin.

MicroStrategy Stock Sinks 16% as Bitcoin Nears $100K—Is It Too Hot to Handle?
MicroStrategy has since emerged as the second most actively traded stock on the Nasdaq by dollar volume, trailing Nvidia. But is it too hot?

MicroStrategy shares fell 16% to $397.28 Thursday, following statements from influential investment firm Citron Research that it placed a short position against the company while maintaining a long position in Bitcoin.

Source link: https://decrypt.co/292985/microstrategy-stock-sinks-16-as-bitcoin-nears-100k-is-it-too-hot-to-handle

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MicroStrategy stock is down 16%, has bitcoin holdings at risk. I think it is not dangerous in this situation, because all information about past situation along with current situation is present here.

1) Saylor/MSTR has put themselves in a situation in which they have a lot of bitcoin credibility, so people are willing to throw money at them, and there is some protection from downside, too... but yeah, I am not going to claim to be any kind of expert in regards to figuring out places that the MSTR situation might go bad..... except maybe if they lost a bunch of their coins through some security flaw.

2) Saylor/MSTR has accumulated less than 2% of the BTC supply, so I am not sure how much he might be able to get or the impact on the rest of the BTC ecosystem.. especially if he is taking coins off the market and then not doing anything else with the coins.

3) of course, many rich people accumulating BTC drives up BTC prices for everyone else, yet everyone else still should want to get in earlier rather than later, but whatever there are a lot of people, institutions and governments sitting on their hands while guys like Saylor (MSTR) are sucking up as many coins as they believe that they are able to accomplish.  I don't see how any of it can be stopped, except just people who know  should just accumulate as many BTC as they can too, and yeah there are going to be a lot of people who fail/refuse to aggressively accumulate BTC, so it is just going to cost them more later, in the event that they later decide that they want to get some.  

BTC still works whether the price is high or low, and yeah sure it has implications in regards to whether it is high or low, yet I don't see anything to panic about unless you are a no coiner or a low coiner, then you might urgently want to get some BTC... but if you don't want to, then you don't have to... that's fine too.


Good luck if you are going to short it (not meaning you personally, bitebits).

Sure, you might get lucky, and you might not.

I rather just buy bitcoin, and I don't even screw around with derivative products like MSTR - even though surely there are quite a few bitcoiners who seem to love getting higher returns (at least so far) than they would have had gotten by buying BTC directly.  

On a personal level, I am fine with own plain ole boring and regular direct BTC ownership... and I am not bothered about some folks getting more profits than the regular boring BTC-ers like my lil selfie or that Saylor has found and implemented a kind of money glitch that seems to be working pretty damned well (at least so far and some of the products seem fairly innovative and genius) that also seems to pump my bags, too.. and even inspire others to buy BTC and try similar strategies as Saylor/MSTR is employing.. Saylor seems to really enjoy sharing and publicizing his strategy, too..

So sick how this man has been going all in on bitcoin. I would not be surprised if Saylor soon makes one final push under $100k bitcoin with the biggest purchase in dollar terms to date. This by continuously tapping the ATM and the recent convertible oversubscribed bond of $3 billion.

No one comments on what happened yesterday?


You don't get it either, there is no “premium”. MSTR is not a bitcoin ETF.


You could have read the last two pages of the thread, eh? And you wouldn't ask that. If you start like that, I better not even comment on the rest of what you say.

The thing is MicroStrategy keeps buying Bitcoin as if had an unlimited amount of money. Where does it get that money from? From investors/customers? At some point, MicroStrategy is going to run out of money. And then, what happens? Unless, Saylor is planning to sell the company's BTC holdings during a bullish market for profit. Then, he would use that profit to buy more BTC when the bear market comes. If Saylor keeps it up, he could own almost all of the BTC in circulation. It's bad because it will concentrate the supply in the hands of a single entity. Even if that doesn't determine network consensus (which is in the hands of nodes + miners).

$30b worth of BTC in MicroStrategy's portfolio is insane, btw. Elites are getting in the game, while the rest of the people continue to be skeptical of BTC (yes even though adoption has increased, a large portion of the world's population doesn't hold BTC). The question is: Are you smart enough to buy and "hodl" BTC long-term? If you do, you'll be part of the small minority that will get rich in the future. Just my two sats.

The premium is getting a bit out of hand now TBH. A few percent movement in BTC equals 10-15% in MSTR. Daily. I have been around for a little while and it feels we are in the euphoria stage. Alternatively it could be that MSTR is front running where bitcoin is going and it is just a matter of BTC to now catch up. Let's see.

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.

Picture source

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

Picture Source

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.


source
 
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).