Topic: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’ - page 32. (Read 18602 times)

If Michael Saylor says he will never spend bitcoins, or he won't even spend them in 100 years (or something like that), how is he going to profit from his huge investment? I somewhat don't understand the point of a company investing in an asset that they won't be able to spend or lock in a profit in their lifetime. You can buy all the time and all the time, but how is that going to help the company if they are not going to make a profit on their investment? Will they pass this function on to their descendants or does Sailor just not want to touch the subject of the fact that he will have to sell some bitcoins at some point and it could bring down the market? After all, everyone is used to reading that Sailor is only buy bitcoins.

A little bit OT on the thread, but while Saylor teaches us never to spend our bitcoins, Jack Mallers is literally making us easier to spend our precious seats. Who’s the real bitcoiner?
What would have happened if Lazslo never bought those pizzas and howled instead?

CNBC's Mackenzie Sigalos talks to MicroStrategy CEO Michael Saylor, where he explains why you shouldn't sell your bitcoins if you decide to invest in them. and also how Microstrategy uses bitcoins as an "ideal" collateral for obtaining a loan to buy more bitcoins, using the example of a loan taken for these purposes from Silvergate Bank, this, in his opinion, leads to the normalization of the financial industry with the help of bitcoins, and does not destroy traditional finance. The interview with Michael Saylor begins on the 4.05 timeframe https://www.youtube.com/watch?v=8GXy0o0tT28

Well, they write that they paid an average of $45,714 for btc https://www.coindesk.com/business/2022/04/05/microstrategy-buys-1905m-worth-of-bitcoin/ , I think they have somewhere to put the remaining funds from the loan. for example to secure previous loans or something.

Microstrategy started using their fresh funds to buy bitcoin:



They bought 190 billions with 205 millions loan. Wondering if they saved some change money, or the fees are so big.
Hope it is the first one.

adoption has coming in several countries, alot merchant starting accept bitcoin in their transaction. we have multiple benefit using bitcoin in our life, first it could reduce bank transaction fee, bordless , and also its value as investment assets. day by day alot good news spreaded about adoption, even in US some county propose about its legal tender.

This is a whole new thing:



This is something Micheal Saylor’s referenced to in his interviews: getting loans from your company and use the proceeds to buy more bitcoins.

Leverage.
They secured an interest only credit facility secured using bitcoins. They will use that line to buy more bitcoins: they will pocket a little more than 4,100 btc.
Not bad, they are back in the big ground.

The news is all over Twitter, more or less every time is saying the sanscrito details. Interestingly there is one:

 

Those conferences were quite useful then!

That is not the case as bitcoin is used both as a means of investment plus as a currency. Even you can read some of the use cases discussed on this forum where startups are integrating bitcoin into their business model. Pay for coffee with Bitcoin   and  A supermarket in Mexico now allows Bitcoin payments for all their items are few examples where people actually pay in bitcoin to get coffee or services.

I don't think anyone really uses bitcoin as cash.

Most just see it more like a stock as an investment not for every day use and until bitcoin can be stable and used in everyday life it will not be superior to cash.

We are already on the time where cryptos are now very well known and its usage is known to not only work as a currency but also an asset. This is enough to consider that crypto is much more superior to cash. We do not need to wait for the time where cryptos can replace cash to be able to call it superior because there is a small chance that it will happen as there are governments that are still against with cryptos.

Microstrategy is proud to be on top of the companies that holds a huge amount of bitcoins. It gives them a good feeling when someone is motivated to do the same as what they are doing so they will try to show off more by buying more bitcoins.

Crypto is superior to cash and time will prove it. The early you know about this , the better it is for you.

Micheal Saylor was the highlight of 2021 and even they contiune to buy bitcoin in 2022. Microstrategy’s has gain a lot of fame after they have started buying and accumalting bitcoins.
I think of a time when other companies will think in such terms and bitcoin will be too much expensive at that time. This is a golder oppurtuinty for everyone to accumalte bitcoins.

My bad I was not aware of this update so I created a thread about this development a while ago but have lucked it.
here: https://bitcointalksearch.org/topic/m.59136161
Great to see that this time the 660 Bitcoin where bought with cash through the SEC approval this speak volume into how dip Bitcoin have attained in global adoption.

Microstrategy is holding their Quarterly Earning Conference.

Apparently, I am good at learning GAAP accounting from scratch and at basi math:




I predicted the figure here , and seems I was spot on.

Here you have the full presentation.

Largely I agree with you fillippone.  Several times, I have seen folks commenting on Saylor and his way of directing MSTR, and frequently there are guys trying to get in their little digs about Saylor being too risky or MSTR otherwise being a failing company, but even if we might consider that MSTR is able to generate enough extra cashflow a couple or a few times a year of $25 million, I find that difficult to characterize them as a failure - especially in these times when having some extra cashflow might be less than reliable... though of course, even Saylor has admitted that his whole company has generated some extra attention and therefore extra business through its having become more well-known through its recent publicly aggressive bitcoin stance.

Those numbers look really good too, in terms of its overall stash costs and size and the amount that it is still in the green.. Some people have been speculating that MSTR is not in the green enough.. but I would still consider that those folks are too much trying to let the perfect be the enemy of the good - because sure we could likely assert that MSTR could have timed its bitcoin buys more strategically or even engaged in some trading behaviors and blah blah blah would have been better, and nearly always there are ways to engage in Monday morning quarter-backing - yet being in the actual game and actually carrying out the buys, the maintenance strategies while being public about it remains quite an amazing feat - even if there are naysayers suggesting a variety of ways that "it could have been better" blah blah blah.

Not to be mixing subjects too much, but I saw some similar bullshit bout stock to flow today too.. already writing it off and saying it has failed and suggesting various alternative (and likely fly-by-the-seat of your pants) theories,.., without really committing in any kind of solid way.. and for sure the stock to flow has a commitment.. which is different than just throwing out a variety of ideas to see what might stick.. so similar with MSTR.. there is a certain validity that comes with actually putting theory to practice rather than merely talking some kind of vague BIG game and saying that you were correct afterwards, when no one could figure out what the fuck you had been saying ahead of time..... end of rant.      for the moment

A big surprise!





As you can guess from the statement, being only 25 millions, it’s a purchase funded with Microstrategy’s own cash, while the previous buys were funded trough the ATM facility.
This is the reason why I am saying it’s a big surprise…

A little update on the above.
The two address now cumulatively hold 128,870 BTC, corresponding to an increase of roughly 6,090 BTC since last announcement.
Si, either or Microstrategy is going to announce such increase, or this address belongs to a different entity.

I am very curious, and still think the latter is the true.

If you are both holding yourself out as a "forever HODLer" and you actually believe in that idea, you are not going to get motivated into action (selling or considering shaving any off blah blah blah) absent some kinds of really compelling circumstances.  I am going to recognize that likely Saylor has complete authority to manage MSTR's bitcoin however he would like, even if he may have some individuals and companies acting on his behalf in terms of both custody and within other acquisition parameters.... so having had said that, he has the actual ability to sell some any time that he want.. but he is not going to do it.. and even events that might seem extreme to some of us normies he is not hardly even going to budge in terms of taking any selling action... Even if psychologically, Saylor might be alerted or even personally bothered by some of the various seeming downward extremes that take place in bitcoin price dynamics,  I doubt that he is going to see those as outrageous in any kind of a way - even if they might be unexpected and various parts of the world/even within BTC circles might be overwhelmingly into panic mode... In other words, there would need to be some fundamental breaking in bitcoin that would cause him to go down any road besides buying some more on the dips.

Yeah.. I am not Saylor... but he's not shaken by any of these somewhat normal happenings, including that we should expect that there may well be ongoing attacks on bitcoin that might even be sustainable...

I became very interested in how the investment analysis was carried out before actually entering the crypto world.  Especially when the price increased a few weeks ago, and now it has fallen and almost touched its low point yesterday, but he still decided to hold their assets.  Even with the drop in prices, Saylor didn't really care.  Considering the heating conditions in the regions of Russia and Ukraine, it was enough for the market to hit prices down, even though they were fit to sell and take profits as they did.

The point is that these absurd rules would make a compelling case to sell those bitcoins and realise a profit. This could be made to “window dress” balance sheets.
For example, in a quarter with bad results Microstrategy could buy say buy 1,000 BTC and sell 900 BTC (just to say they actually increased their BTC stash).
This would mean a huge profit on the sold BTC (by definition they are accounted at lower values), thus increasing quarterly revenues.

Just a quick comment to say that I had some MSTR shares, and I sold them close to last year's top. Lol.

I had some expenses to make, and I sold the shares of this and other companies. I made the expenses and the money that was left over I squandered. At that time I thought about whether I had done wrong, because if you are a good investor, when you have money in the asset column you should never leave that column. In any case you can sell to buy other assets.

Seeing how MSTR shares and the market in general have been doing, I don't regret it at all.