Topic: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’ - page 18. (Read 24427 times)

If MSTR closes today's session approximately as it is now there will be a flow of approximately $1.5B in stock purchases that Saylor will take advantage of to buy more (the Nasdaq 100 has a $300B flow range and closing between the 40th and 50th position will have 0.5% of the weight).

MicroStrategy funds resort to risky strategies amid MSTR, bitcoin dip

Although bitcoin and MicroStrategy (MSTR) are both up on the day, Michael Saylor’s company is still roughly 30% below last week’s all-time high. In search of an explanation, investors are looking beyond simple metrics like bitcoin (BTC) holdings and analyzing the dynamics of fund management and options pricing.

Source link: https://protos.com/microstrategy-funds-resort-to-risky-strategies-amid-mstr-bitcoin-dip/

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Now the current Bitcoin price is 30% below their reserve money, so they will adopt strategies to overcome such obstacles at this time. They have been holding Bitcoin for a long time and more unique institutions have joined here.
 They are currently in a profitable period by buying Bitcoin, so those who bought during the investment dip are basically getting dividends, but I think MicroStrategy Company will definitely be able to overcome such obstacles. And they have collected Bitcoin by taking all kinds of risks and if they hold it for a long time, then everything will be possible.

I believe Saylor is busy buying Bitcoin because he has bought Bitcoin two to three times (approximate) this November, so they have made such promises that they will buy more Bitcoin according to their holdings. Even with the current rising price of Bitcoin, it is possible to find a pattern of buying Bitcoin that they will hold this Bitcoin for the next few years.
And they have locked up Bitcoin as the most valuable asset and it is real, they will make the highest money ever from this Bitcoin, and they have bought 386700 Bitcoins at the moment. And they will still make plans to buy Bitcoin, because I think they will announce the next purchase very soon.

No, they are too busy buying bitcoin.

Are Saylor's bots in the room with us now?

I think the recent spike is because Saylor has put his bots to work to buy like 100K bitcoins. This is total speculation on my part and I may be wrong but I saw in a couple of videos that there were those who were expecting it last weekend. Having announced a purchase of “only” 55K bitcoins last Monday I think he has kept the biggest thing in the chamber to announce on Friday which is the day that is taken as a reference at the close to weigh whether MSTR will enter the Nasdaq 100.

As I say, total speculation on my part but I would like to be correct.

MicroStrategy Acquires 55,500 BTC and achieves BTC Yield of 35.2% QTD and 59.3% YTD; Now Holds 386,700 BTC
Source Link



MicroStrategy Company has purchased the most Bitcoin in 2024, their purchase of Bitcoin in November indicates better results in the future. They are really an active initiative because they have only bought Bitcoin and held it at the present time, and holding it will only be successful in the future. Because they have held a total of 386,700 Bitcoins so far, their holding will be the most successful, and it is definitely a long-term investment.
The person who contributed the most to Bitcoin Holdings is Michael Saylor. He is a great person of our time. Bitcoin Holdings is based on his intelligence and strategy.

MicroStrategy bought more bitcoins today. Today they purchased BTC55,500 bitcoins worth $5.4 billion, The average purchase price of the bitcoins they bought today is $97,862. Since 2020 to date, MicroStrategy has purchased a total of 45 times Bitcoins, As a result they have already accumulated a total of BTC386,700 Bitcoins in their investment portfolio. MicroStrategy bought the most bitcoins this November 2024, they bought bitcoins three times this November. They bought BTC27,200 bitcoins worth $2.03 billion on November 11th and BTC51,780 bitcoins worth $4.6 billion on November 18th.

Just surprised as you have been posting in this thread for quite a bit. I actually don't own individual companies either but passing on MSTR was too hard to resist. Especially in the beginning the strategy was simple: put bitcoin on the balance sheet with the excess cash from their software business. No other than you or I do/did mining fiat and purchasing the corn. The stock even has been trading below its bitcoin treasury value with the bonus of a free BI software company.

Today it is a bit harder to value the company since it has evolved. Having skin in the game makes it more interesting to follow though, and you can apply your same "sell on the way up and buy on the way down" strategy. Ten shares gets you one pre stock split share, lets go.

Lol. And look you had said it on this very page in conversation with me, eh? People didn't have to look far.

Regarding the announcement Saylor may make today, I have seen two versions. The first says he might have bought over 100K bitcoin and would announce it today, which would be wild. The other that he would not have bought so much because of the recent dip, and that he would have bought about 30K bitcoin with the convertible debt money and would use this week to issue more shares and buy bitcoin with the money raised to continue to inflate both the price of bitcoin and the price of MSTR stock ahead of its listing on the Nasdaq 100 next Friday.

It should be remembered that by the simple inclusion in the Nasdaq 100 there is a lot of passive money that would flow into the MSTR stock, which at the moment would be over $1B, which Saylor will obviously take advantage of to buy more bitcoin, and if at the end of the week it is higher, more money it will flow.

In any case, it looks like an interesting week ahead.

Are you trying to get me into a combative mode?

 

No.  I don't own any MSTR shares.

Historically (over the past 30-ish years) I have not tended to buy specific stocks, so I don't have any systems set up for that, even though I have purchased various index funds over the years... so yeah maybe I am a bit of a non-adventurous investor, since I have not really gotten into analyzing and/or buying specific stocks of any companies.. or even other kinds of financial instruments that might be tied to specific companies.. rather than market wide or perhaps industry specific kinds of financial products..

I likely am repeating myself that I don't feel any need to buy MSTR, whether it continues to outperform bitcoin or not, even though I am not really opposed to the idea of buying something like that in order to be stimulated into paying more attention to it, or perhaps to be motivated to better analyze some of its details.. yet I still don't feel bad just looking at it from a kind of outsider perspective...and surely, as I mentioned what MSTR is doing does seem like it somewhat affects BTC price movements and/or even sentiment and knowledge about bitcoin and related bitcoin matters around the bitcoin space (various ways bitcoin is being finacialized through a variety of instruments).

I don't buy any of the kinds of other bitcoin related financial products, either such as ETFs, future, options, etc, and I don't really tend to trade either.. at least not in the sense of selling BTC for the goal of buying back cheaper.. even though I do sell BTC on the way up and buy on the way down, yet I just consider that to serve as BTC portfolio management and downside insurance rather than as any kind of a means to increase my BTC stash, since in 2014, I had assessed that I had enough and in 2015 I had assessed that I had more than enough BTC, and so I have been in a "more than enough" status with my BTC ever since, even though from time to time, I still do end up accumulating more BTC even though I have already assessed myself as having more than enough.  Go figure.

So long as the company doesnt have liabilities to pay and is forced to sell the same Bitcoin at a lower price, then MSTR is ok.     The company sold alot of shares apparently and that will fund alot of the purchases, this is roughly how ETF work I think though his company isnt ETF or close it could be said to be some parallel to the BTC price.

Selling equity is ok, the shareholders will lose the money if the BTC purchase isn't 'correct', price will fall alot but the company will survive.  If he borrows alot (bonds) and has a future bill and BTC does its thing of halving and being miserable for a year or more MSTR might struggle.
   Outside of that its not a given FED can always drop rates, debt wont always be cheap I can remember 15% rates it can happen.   Ultimately Dollar is trashed, I dont see that it will ever recover its value now but also we're talking gigantic amounts of volatility in any Dollar decline scenario
Yep the end of the beginning of that stage perhaps might be this year.  It can last a while, we've been tracking sideways this year which I guess equates to stability.   During a rise, the breakout etc. we lose that stability while price rises, we see volatility .


Saylor has the arbitrage roughly right, also the shorts taken against MSTR are wanting to sell an expensive premium item while owning the underlying asset.  Its been tried before, some succeed and some attempts to short can blow up.
   They all are taking risks, Saylor is a brand and MSTR could just keep getting more expensive; its an irrational market or euphoria as said, not new for BTC.

^ It means he already bought a bunch (again). Under $100k per piece. Perhaps the biggest purchase so far to push $MSTR as high as possible into the Nasdaq-100.


@JJG you don't own any MSTR shares?

MicroStrategy is going to buy more Bitcoins very soon. Recently, the CEO of MicroStrategy company Michael Saylor said his company needs more green dots. Michael Saylor tweeted the same thing last week after he bought $4.6 billion worth of Bitcoin.

Surely those were examples to just illustrate the point that some folks might consider that they have enough, and surely time in the market truly has the potential to help a lot of bitcoiners, yet there are even a lot of forum members who were not very bullish on bitcoin and/or not very aggressive in accumulating bitcoin, engaged in shitcoining and trading, and sold too many bitcoin too soon, even when they might have had accumulated a decent stash, and similar things will still happen to guys who try to sell when the BTC price rips and then they don't even have that many coins, and they sell in order to buy back cheaper, but the BTC price does not end up correcting to their anticipated levels, so yeah some of those guys get bitter too.

There are various ways to make mistakes, and I am not proclaiming to be free from mistakes and I am not even proclaiming to having any more than 0.63 bitcoin, which is what I had proclaimed previously when I had been suggesting that a good starting point for any newbie would be to shoot to accumulate 0.21 BTC, and I was proclaiming that I had three times that target... but there are advantages in terms of being into bitcoin earlier... ..

So a brand new bitcoiner might need to aim for goals that are less than 0.21 BTC, and so  each person has to walk before running, yet from my understanding, there are still somewhere in the ballpark of 99%-ish of the world's population who are low coiners or no coiners, so surely it can take a while for any normie to jump on board the bitcoin train... so many folks in a bitcoin form like this have the advantage of at least being informed about bitcoin, and even if some of us might not have many BTC, we still are in a position of knowledge in regards to knowing about bitcoin, so we still would need to act to continue to accumulate bitcoin to the extent that we are sill in our BTC accumulation stage... which yeah could be through normal bitcoin and/or it could be supplemented by MSTR-like financial products and/or shares.

Without going into specific quantities, I believe that the first scenario would be the most approximate. From what I know of you from the forum I would say that you are a little older than me, that you have been investing in general for a little longer than me and more time in bitcoin, so you will have more net worth accumulated and more bitcoin. So it makes more sense for someone who has accumulated good capital to be more concerned about conservation than riskier bets that may give you a higher return but are more volatile and less secure as well.

In any case, I'm not the jealous type either. To me the results of my investments, of which bitcoin is increasingly the most important component, have given me financial peace of mind and today I can already think about future plans that years ago I would not have been able to consider. If you or others on the forum have 10 times more bitcoin than me because you knew about it before me and have accumulated more better for you. In fact: bravo! There were people who knew bitcoin at the same time and did not buy or are since then being bitcoin haters saying that bitcoin is a scam and will go to 0. They said it when it went to $100, to $1K, to $10K and will keep saying it until they die by the looks of it.

Michael Saylor Reveals MicroStrategy Is 'Making $500M A Day' With Bitcoin
https://finance.yahoo.com/news/michael-saylor-reveals-microstrategy-making-210031450.html

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MicroStrategy has been buying Bitcoin for the past few years. As a result of regular purchases of Bitcoins, the company's Bitcoin holdings increase as the price of Bitcoins increases. Recently, the company's CEO, Michael Saylor, said in an interview that they are currently earning $500 million per day from their investments due to the rise in Bitcoin.

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.