Topic: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’ - page 33. (Read 20891 times)

The online Excel report the correct amount:



That is almost the exact same figure reported by @Google+ (probably a different rounding).
The link to the Excel is in the OP.

source : read here
The last time I saw saylor buy a btc drop at $20817 and it happened in June. Well, if we look at the last two months there has been no activity from Saylor to buy Btc when the price falls. so my question is saylor is running out of money to accumulate more Btc or will he step in when btc price drops deeper.

for now I see from the total btc he has with the average purchase price I can confirm he lost almost $ 1.3 billion. a pretty fantastic number.

@fillippone, I believe in the meanwhile MicroStrategy added a few spare coins to their pocket. You might already have an updated Excel file locally? Thanks.

I don't really expect to be around in 2062 either, and if I am I am going to need a lot of help with physical tasks.. so maybe AI could be helpful.. and I am not even sure how that might fit into the whole scheme of things - such as representing me or representing my wishes.

I am trying to figure out some ways in which to create institutions and practices that might outlive me, and perhaps Saylor is doing a similar thing - and to question what might be the state of Microstrategies or how such company might be composed by the time we get to 2062.. There may well be various Saylor companies that mostly revolve around bitcoin - and maybe some of them will still have some relationship to some of the current software development cashflow in which they are involved, too?

I think some prominent members of this forum should start thinking of saving all of their post in a very safe device because in few years some of them would become a priceless information bank. Or we should start having compilation of post on different topics of Bitcoin in form of ebooks this would help to keep these vital information for the next generation to access easily. It would be easier for someone to get a compilation of post on a topic in a single document, then to use the search engine.

I really hope that in 2062 an AI feeded  with all my past post will be able to answer you, or a similarly traded AI to answer you.
But of all the long shot prevision I have made in my life, I think this one is amongst the safest.

For sure, you are reading way too much into this matter, and perhaps even failing/refusing to recognize/appreciate the more obvious explanation in regards to the likely practical need for Saylor to sever off (and delegate) various CEO responsibilities of the software aspect of the MSTR operations to someone that he trusts (referring to Phong Le) - which likely frees up Saylor to NOT have to think about various aspects of that part of MSTR's business.


Anyone who actually has some kind of studying of bitcoin and with even half of a brain can appreciate that short-term reflections on MSTR's balance sheet has a lot of potential to mislead folks into understanding the strengths of MSTR's current position - even if it is NOT looking so wonderful on itsQuarterly balance sheets.


Sure, it provides another way of looking at the matter - and you might consider Saylor to be engaging in a bit of spin, so you can take those comparisons for what they are worth.. .. I doubt that there is any real level of misleading in his providing such an alternative perspective.


For sure, I agree with what you are saying fillippone in regards to the overall package of MSTR's value coming through it's holding such a domineering position in bitcoin as compared to the rest of the value of the company - but I would hardly concede about any representation that MSTR's software component is either dead and/or not any kind of a real product - because essentially, MSTR still receives a pretty substantial income flow from the software
aspect of its business that allows it to service its various loans and to discretionarily continue to buy more BTC whether DCA, buying on dips and/or lump sum investing. 

I doubt that Saylor is lying (or misrepresenting his company in any kind of meaningful way) when he had made assertions that MSTR's getting involved in bitcoin had drawn a decent amount of attention to the software part of its business and put their software services on the road map in greater ways than it had been on such road map previously - similar to what seems to have had happened with El Salvador.  A large number of people had no fucking clue that El Salvador actually existed as a country and/or knew anything about it prior to it's getting involved in bitcoin, and after El Salvador got involved in bitcoin, then many folks became El Salvador experts (proclaiming that El Salvador should have done, x, y, z and a, b and c, instead of getting involved in bitcoin blah blah blah)..


You may well be correct about this point.. even though there could be some ways that MSTR decides to make adjustments to it's software business that connect that aspect of its business in various bitcoin related ways---- yet it surely seems that there could be some ways in which some of MSTR's software business might continue to persist and to potentially allow some quasi-correlated complementing of what MSTR continues to do in the bitcoin space.... I remain a bit hesitant to make too many proclamations in regards to its software business going away completely. but yeah 40 years is a long time to predict into the future.. because we have to get through a few more BTC cycles..   Saylor has not even been through a whole BTC cycle.. He's barely touching upon his 1/2 of a cycle anniversary... so talking about 10 cycles down the road seems like a long-ass time in the so far fast pace of the bitcoin world... and/or other crazy things that are going on outside of the bitcoin world in these here times - even though in 40 years, many of us expect bitcoin to be playing a pretty decently dominant role around then, and my odds of even being a live are pretty damned low.. hey, see you in 2062.   

Microstrategy price is now only a function of BTC price.
They are basically a dead company with no real products.
Microstrategy is the next Berkshire Hataway. In 40 years time, nobody will remember when Microstrategy used to sell software (do you remember when Berkshire Hataway used to manufacture textiles products?).

When I read through to the end one of the articles related to the change in the position of CEO of MicroStrategy from Michael Saylor to Phong Le, it was a really good step in my opinion in an effort to maintain the sustainability of the MicroStrategy company.

After 33 years, Michael Saylor giving up CEO to Phong Le is certainly surprising because Phong Le is so far not well known among the crypto community.
Michael Saylor is known to be very vocal in fighting for Bitcoin rather than the products of his own company as mentioned in the article.
Hopefully the change in CEO position from Michael Saylor to Phong Le can have a good impact.

Source: https://coinmarketcap.com/alexandria/article/coinmarketcap-news-august-3-michael-saylor-the-new-ceo-of-bitcoin

Here's another opportunity for microstrategy to reposition its new strategies by the reorganization of it board of executive members, i like the action taken by Michael Saylor, here he creates more opportunities for the interest of the company in creating room for Phong Le to participate in giving his qota, i know definitely that Phong Le will perform better even than he has been giving when he was the president.

MicroStrategy is going through both administrative and financial repositioning to be able to face current realities. According to reports splitting the roles of Chairman and CEO will enable the company to effectively pursue its two corporate strategies of acquiring and holding bitcoin and growing their enterprise analytics software business. As Executive Chairman Micheal Saylor will be able to focus more on bitcoin acquisition strategy and related bitcoin advocacy initiatives, while Phong will be empowered as CEO to manage overall corporate operations. Another administrative restructuring is appointing Andrew Kang in May this year as the new Chief Financial Officer. Andrew is more financially grounded or experienced than the former CFO Phong Le who is more administratively sound.

Like you rightly predicted @fillippone about the financial report. The report is not as bad as I assumed it would be. Although last year's second quarter financial position was better than this year in some areas but the report shows that the company is still solid considering that MicroStrategy has a long-term time horizon. And the firm's core business is insulated from near-term bitcoin price volatility because it has sufficient liquidity to cover interest payments and has no near-term debt maturities. The Company still remains one of the biggest believer and supporter of Bitcoin holding about 129,699 bitcoins acquired for a total cost of $4 billion, or $30,664 per bitcoin with zero interest to sell them.    

Microstrategy published its quarterly Filing.
Pretty much intense:



Firstly, the news:

Micheal Saylor is stepping down as CEO. He will retain the Chairman title:


As per financial highlight, my forecast was quite on point:


Here's the presentation Result



I will comment on the main result in the following posts.

I think, investors should typically not be influenced by optimistic tweets, but rather figures. Saylor did share some figures recently about how Bitcoin coped when compared to other assets since microstrategy bought in; doesn't reflect their personal numbers, as they have bought at different times over the past months, but it shows the market is not as bad when compared with other markets.

IIRC, the plan was to hold for 100 years, so if the market goes well, he should not need to defend the investment after the next 5-10 years

Same thing with Micheal Saylor. He has to prove his strategy valid, so he must keep this "Bitcoin Maximalist" stance in order not to scare Microstrategy's investors.



This is why there is a constant stream of upbeat tweets.

I don't think so, I can't believe Elon Musk's influence on bitcoin he needed during the hype alone.

But what I believe is Michael Saylor who is steadfastly consistent with bitcoin and so fully believes in what he does in his MicroStrategy investments.

Just look at the tweets he's still cheerful with bitcoin and a bitcoin maximalist.

I believe it must be within me.

All this time we have always been waiting for sweet tweets from elon musk that might affect crypto movements such as bitcoin and doge, but now what elon is doing is really quite painful in my opinion, realize it or not, elon musk does have a strong influence on the development of crypto including the idea of ​​being the first to accept Tesla payments with bitcoin and I think that at that time Elon speech about adoption of bitcoin had opened the eyes of the world, especially large companies to glance at bitcoin.

Must have said some stuffs bout him( Elon Musk's ) But, he is a very smart and Intelligent person, taken such decisions are for him and the company you know. As said they needed fiat which was more affordable and available for them since they layed off some of them workers.

 I feel they are currently carrying out experiments on holding Bitcoin which shouldn't bother anyone one to panic sell. Also if you notice, selling those Bitcoins didn't affect the market and Bitcoin price in anyway ( But even if it did,get those available fiat currencies and buy those little SATs )

The more one is focused on Bitcoin the more you tend to see the futuristic views bout it. Avoid those fiat currencies that are not backed by anything, just the government which we all have seen how the fiat currencies have and has failed in the turbulent times.
It clear enough, if you're investing in Bitcoin to get it back after a month it's kinda a bit bad, Bitcoin should really be held for like 10+ years and above. Don't be carried away by what happened, the media won't speak about how the fiat currencies have failed humans truthfully.
See that Bitcoin is the Fvckn Bigger Picture.

There would be more such people who ignore the opinion of public figures, like Elon. This would reduce the level of manipulation of public opinion.

Of course, Elon acts purely in his personal interests, and the sale by Tesla of 75% bitcoins is no exception.

What do we care what Elon believes in: bitcoin, doge, or something else. What matters is what each individual believes in. In this case, does he believe in bitcoin.

I don’t know and I don’t care about what Elon thinks about bitcoin.
What I know is that I believe in the Bitcoin, and that Elon sold because he needed a positive cash flow in his balance.
That’s it. No heroes.

Tesla and elon musk have shown us how much he believes in bitcoin , all this time he kept saying that bitcoin is the asset of the future but actually he has sold almost 75% of the bitcoins they have now, So do you still believe that elon musk is a man who believe in bitcoin?
But I don't know, we don't know what is on Elon Musk's mind right now because maybe this is his strategy to profit and give negative issues to bitcoin so that later he can buy again when the price drops after the bitcoin sale.