Seeing as the market conditions are more supportive or getting big advances today I think BTC will most likely reach $35k this week. Well a few tweets will shake his imagination even more after the embers are over
Topic: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’ - page 35. (Read 24435 times)
July 13, 2023, 04:52:12 PM
MSTR is up a further 11% on the today. One thing that is likely to trigger the MSTR bullish movement is today's spike in BTC prices. Well Saylor is back at it and I'm glad to see that the BTC price rally is on the plus side in their treasury asset. Saylor made a Purchase of BTC in the last 2 weeks on June 28 to be exact and it was a perfect buy because on this day BTC touched $31.8k which is the highest price recorded this year after a big crash late last year.
Seeing as the market conditions are more supportive or getting big advances today I think BTC will most likely reach $35k this week. Well a few tweets will shake his imagination even more after the embers are over
Seeing as the market conditions are more supportive or getting big advances today I think BTC will most likely reach $35k this week. Well a few tweets will shake his imagination even more after the embers are over
July 13, 2023, 01:42:02 PM
Did I say I was never coming back to this thread? Can't remember (liar!), don't care.
I'm bumpitty-bumping because I hadn't checked MSTR's stock price in a while but did so today. I've got them and some other bitcoin-related stocks on my brokerage watchlist, like MARA, RIOT, and Coinbase. And wow! Bitcoin's price has been kind of stagnant and yet all of those stocks are booming. Just for the record, here's an MSTR chart from May:
I guess bitcoin did jump starting in the middle of June, but for whatever reason my eyes nearly popped out of my head at the stock price gains. Part of that is because I was thinking about buying some shares of RIOT a while back and didn't. And I've been following MSTR for a long time now, and it looks like they own so much bitcoin that their stock has become a proxy for bitcoin--who needs a BTC ETF when you've got Microstrategy, right?
Crazy.
Edit: I apologize for the lack of markers on that graph. TD Ameritrade became Schwab, and their website sucks ass.
I'm bumpitty-bumping because I hadn't checked MSTR's stock price in a while but did so today. I've got them and some other bitcoin-related stocks on my brokerage watchlist, like MARA, RIOT, and Coinbase. And wow! Bitcoin's price has been kind of stagnant and yet all of those stocks are booming. Just for the record, here's an MSTR chart from May:
I guess bitcoin did jump starting in the middle of June, but for whatever reason my eyes nearly popped out of my head at the stock price gains. Part of that is because I was thinking about buying some shares of RIOT a while back and didn't. And I've been following MSTR for a long time now, and it looks like they own so much bitcoin that their stock has become a proxy for bitcoin--who needs a BTC ETF when you've got Microstrategy, right?
Crazy.
Edit: I apologize for the lack of markers on that graph. TD Ameritrade became Schwab, and their website sucks ass.
June 29, 2023, 12:40:28 PM
June 29, 2023, 11:48:51 AM
This is a very good news from them.
Michael Saylor's MicroStrategy Now Holds Over $4.6B Worth of Bitcoin
As of April to June only
Michael Saylor's MicroStrategy Now Holds Over $4.6B Worth of Bitcoin
As of April to June only
New buy!
From what I am seeing here, MicroStrategy will be one of the greatest Bitcoin giant firm in the world. I also discovered that they use lighting network to fast track their transactions. 
June 29, 2023, 02:39:11 AM
It is clear from their form-8k:
Quote
On June 28, 2023, MicroStrategy announced that, as of June 27, 2023, MicroStrategy had issued and sold an aggregate of 1,079,170 Shares under the Sales Agreement for aggregate net proceeds to MicroStrategy (less sales commissions and expenses) of approximately $333.7 million.
The holding forever intend my be genuine. MicroStrategy does however sell underlying stock to investors.
(even attempting to time the market? as they did in the previous bull market when MSTR > $1k per share)
Good spot.
They also have roughly 95 million in cash equivalent.
I suspect they will use those funds as well.
June 29, 2023, 02:20:59 AM
Of course, everyone gets a little bit cocky and smug when their BTC holdings are in profits
If I own that many btc, I'll probably be shaking my hands off when it gets below 10% of my buying priceYou still seem to thinking about the whole matter incorrectly.
Of course, MSTR and Saylor have a pretty good sized amount of their networth in bitcoin, but they still made a purposeful play (or several purposeful) plays in terms of how much of their assets (reserve cash) they were going to allocate to bitcoin, and in the beginning they had decided a percentage.. but then increasingly started to increase their percentage and also to use leverage... and it's not clear if the money from this purchase mostly came from excess cashflow (and therefore reserves) or if they were leveraging in some kind of a way by using more debt (which Saylor and MSTR do not seem to have any opposition to using various kinds of debt - and even creative debt instruments).
and even those kinds of multiple profits does not end up happening in the short-term
He is probably not going to sell any of his holding on the next bull run supercycle or something. I dont know what his 'grand scheme' with all that bitcoins is but one of the option would be leveraging it in the future for huge amount of capital but even then Im not sure what he is going to do with all those money that he had piled up from accumulating bitcoinsSaylor has become one of the more openly transparent persons about his (and his company's) plans regarding bitcoin, so there is no need for you to blindly speculate, unless you might be taking from some thing that he has said on the topic, and mostly many of us know (or anyone who has listened to/seen Saylor in an interview), he is planning on hanging onto the bitcoin forever.. and even to keep building his bitcoin holdings, so his actions seem to be largely consistent with his words.
Another thing is that it might be reasonable to believe that he might be exaggerating his plan a little bit because he is not locked into "holding his bitcoin forever," but it also still seems better to at least have some kind of a clue regarding what Saylor is saying rather than just speculating.. so maybe you should go listen to some Saylor talks or research into the matter a wee bit MOAR better, arallmuus. Saylor does not seem to be secretive in terms of his statements about having ongoing bitcoin stackening goals.
It is clear from their form-8k:
Quote
On June 28, 2023, MicroStrategy announced that, as of June 27, 2023, MicroStrategy had issued and sold an aggregate of 1,079,170 Shares under the Sales Agreement for aggregate net proceeds to MicroStrategy (less sales commissions and expenses) of approximately $333.7 million.
The holding forever intend may be genuine. MicroStrategy does however sell underlying stock to investors.
(even attempting to time the market? as they did in the previous bull market when MSTR > $1k per share)
June 28, 2023, 04:31:58 PM
Be warned about the risky situation of Microstrategy.
Everyone is looking at Microstrategy as an "ETF proxy".
They are buying a lot of BTC, and investors have flocked to MSTR because of that.
In case of an ETF approval, Microstrategy would lose all those investors, as the ETF is such a more efficient way of holding BTC.
In case you want to bet on ETF approval: Long GBTC, short MSTR!
Everyone is looking at Microstrategy as an "ETF proxy".
They are buying a lot of BTC, and investors have flocked to MSTR because of that.
In case of an ETF approval, Microstrategy would lose all those investors, as the ETF is such a more efficient way of holding BTC.
In case you want to bet on ETF approval: Long GBTC, short MSTR!
Trading advice?
Long bitcoin.. I don't know about those intermediary products.. handle at your own risk.. bitcoin is risky enough.. why get into shitcoins?
Oh yeah, the topic of this thread happens to be MSTR related, and sure there is one thing to trade or buy stocks, and there is another thing to consider your own bitcoin allocation (and perhaps refrain from getting involved in those kinds of stocks) based on various information involving what some of the BIG players are doing (and maybe what they are saying?).
But many of us were into bitcoin before these new entrant BIGGER players.. even though GBTC has been an offered product since about 2014..
Some people, institutions and kinds of funds cannot hold BTC directly, but as individuals we can hold BTC directly... which surely seems to be a bit of a better product than the various kinds of products that may or may not be playing loosey-goosey with the coins that they hold. If we are already able to get exposure to bitcoin by holding the underlying (and managing our holdings of the underlying), do we find any value to be playing around with various kinds of other ways to get price exposure to bitcoin (yes, some of the BIG players can ONLY get exposure like that, as fillippone describes) - so another level of complexity regarding whether any of us should be playing that kind of a stock stacking game..beyond directly stacking sats through our own various methods of DCA, buying on dip and lump sum purchases. No?
Each of us is responsible for our own choices regarding how to go about these kinds of matters..and I am not even suggesting it is easy to hold your own coins or to manage your own keys and sometimes there can be some benefits in terms of having some exposure to more than just one way of holding bitcoin - careful, I am not referring to shitcoins here, because people will even go as far as going into shitcoins and considering that "diversification" into shitcoins is a good thing merely because other kinds of diversification might work, but does not necessarily mean that we should get into shitcoins, which may well be referred to as di-worsification, as some pundits have already labelled such a strategy... of how much spreading out of kinds of exposure is necessary/helpful rather than worse? hence the name, di-worsification.
June 28, 2023, 04:13:00 PM
Be warned about the risky situation of Microstrategy.
Everyone is looking at Microstrategy as an "ETF proxy".
They are buying a lot of BTC, and investors have flocked to MSTR because of that.
In case of an ETF approval, Microstrategy would lose all those investors, as the ETF is such a more efficient way of holding BTC.
In case you want to bet on ETF approval: Long GBTC, short MSTR!
Everyone is looking at Microstrategy as an "ETF proxy".
They are buying a lot of BTC, and investors have flocked to MSTR because of that.
In case of an ETF approval, Microstrategy would lose all those investors, as the ETF is such a more efficient way of holding BTC.
In case you want to bet on ETF approval: Long GBTC, short MSTR!
June 28, 2023, 03:56:21 PM
Of course, everyone gets a little bit cocky and smug when their BTC holdings are in profits
If I own that many btc, I'll probably be shaking my hands off when it gets below 10% of my buying priceYou still seem to thinking about the whole matter incorrectly.
Of course, MSTR and Saylor have a pretty good sized amount of their networth in bitcoin, but they still made a purposeful play (or several purposeful) plays in terms of how much of their assets (reserve cash) they were going to allocate to bitcoin, and in the beginning they had decided a percentage.. but then increasingly started to increase their percentage and also to use leverage... and it's not clear if the money from this purchase mostly came from excess cashflow (and therefore reserves) or if they were leveraging in some kind of a way by using more debt (which Saylor and MSTR do not seem to have any opposition to using various kinds of debt - and even creative debt instruments).
and even those kinds of multiple profits does not end up happening in the short-term
He is probably not going to sell any of his holding on the next bull run supercycle or something. I dont know what his 'grand scheme' with all that bitcoins is but one of the option would be leveraging it in the future for huge amount of capital but even then Im not sure what he is going to do with all those money that he had piled up from accumulating bitcoinsSaylor has become one of the more openly transparent persons about his (and his company's) plans regarding bitcoin, so there is no need for you to blindly speculate, unless you might be taking from some thing that he has said on the topic, and mostly many of us know (or anyone who has listened to/seen Saylor in an interview), he is planning on hanging onto the bitcoin forever.. and even to keep building his bitcoin holdings, so his actions seem to be largely consistent with his words.
Another thing is that it might be reasonable to believe that he might be exaggerating his plan a little bit because he is not locked into "holding his bitcoin forever," but it also still seems better to at least have some kind of a clue regarding what Saylor is saying rather than just speculating.. so maybe you should go listen to some Saylor talks or research into the matter a wee bit MOAR better, arallmuus. Saylor does not seem to be secretive in terms of his statements about having ongoing bitcoin stackening goals.
June 28, 2023, 03:29:56 PM
Of course, everyone gets a little bit cocky and smug when their BTC holdings are in profits
If I own that many btc, I'll probably be shaking my hands off when it gets below 10% of my buying price
and even those kinds of multiple profits does not end up happening in the short-term
He is probably not going to sell any of his holding on the next bull run supercycle or something. I dont know what his 'grand scheme' with all that bitcoins is but one of the option would be leveraging it in the future for huge amount of capital but even then Im not sure what he is going to do with all those money that he had piled up from accumulating bitcoins
June 28, 2023, 02:17:46 PM
Saylor is unstoppable in this race as he has continuously invested to accumulate more and more bitcoins with MSTR and now it's the biggest institutional investor for bitcoin with 152,133BTC in total which is amazing.Now it has been great for him as he invested at lower price with average being $28,136 and now they are above $30k so he's already in profitable state with overall average price also.With the amount this big little pumps brings you good amount of profit and when it will be around $35k he will be in millions of dollars profit and then anybody would question him from the company also? The below tweet under this Saylor announcement is from CZ saying DCA works trying to promote his exchange so that people join it makes me look funny how decentralisation is being treated by those people to expect people to have funds in their custody.
Of course, everyone gets a little bit cocky and smug when their BTC holdings are in profits, yet it seems to me that $35k is not going to be much of a thing for Saylor (it's only in the ballpark of 20% profits), and he is likely expecting that his BTC holdings will end up being in multiple profits in the years to come - and even those kinds of multiple profits does not end up happening in the short-term, BTC likely has good chances of outperforming many (if not all other assets), so bitcoin remains a good bet with upside potential that is not guaranteed even while it really does not matter very much about where bitcoin is at in the short term since bitcoin is a long term investment in which we likely don't need to get really preoccupied regarding the amount of our dollar profits (even though surely it does feel better to be in profits rather than not being in profits).
June 28, 2023, 11:35:20 AM
Saylor is unstoppable in this race as he has continuously invested to accumulate more and more bitcoins with MSTR and now it's the biggest institutional investor for bitcoin with 152,133BTC in total which is amazing.Now it has been great for him as he invested at lower price with average being $28,136 and now they are above $30k so he's already in profitable state with overall average price also.With the amount this big little pumps brings you good amount of profit and when it will be around $35k he will be in millions of dollars profit and then anybody would question him from the company also? The below tweet under this Saylor announcement is from CZ saying DCA works trying to promote his exchange so that people join it makes me look funny how decentralisation is being treated by those people to expect people to have funds in their custody.
June 28, 2023, 07:22:31 AM
New buy!
May 06, 2023, 04:22:30 AM
This is coming in new as Microstrategy is set to reward with an instant bitcoin for every patronizing customers and employees for its service through the use of lightning network, this mean that bitcoin reward will be given to its employees and customers through the use of bitcoin lightning network. https://twitter.com/BitcoinMagazine/status/1654477362887790593?t=ZIv8TAOFN0HqDv83Fbhnbg&s=19 it could be recalled that microstrategy is determined to keep with the buying of bitcoin a d accumulating it for hodl while under the management of Michael Saylor, this time they are making use of the lightning network to give out incentives in bitcoin to their staffs and customers as announced.
May 01, 2023, 07:13:30 PM
This evening Microstrategy reported their Financial results:
MicroStrategy Announces First Quarter 2023 Financial Results
Quote
TYSONS CORNER, Va., May 1, 2023 - MicroStrategy® Incorporated (Nasdaq: MSTR) (“MicroStrategy” or the “Company”), the largest independent publicly-traded business intelligence company, today announced financial results for the three-month period ended March 31, 2023 (the first quarter of its 2023 fiscal year).
“The durability of our enterprise BI platform and the depth of our existing customer base continued to act as the drivers of growth in total revenue during the first quarter of 2023. The conviction in our bitcoin strategy remains strong as the digital asset environment continues to mature. Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,” said Phong Le, President and Chief Executive Officer, MicroStrategy.
“In Q1, we strengthened our capital structure by reducing leverage by fully repaying our bitcoin-backed loan. We also continued to strategically manage our balance sheet through the addition of 7,500 bitcoin in the quarter for a total of 140,000. Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,” said Andrew Kang, Chief Financial Officer, MicroStrategy.
Specifically on the digital assets report they had a very good result, given the stellar performance of the bitcoin this quarter.
Yet there are a few glimpses here and there when checked against my spreadsheet (that is confirmed losing something in the between, apparently.
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May 01, 2023, 03:46:04 AM
Also, an important thing to support the price in the “short period” is the different time preference of Microstrategy.
Micheal Saylor has always said he’s not going to sell soon, so every transaction means there is a certain amount of coins being taken out of the supply. legendary
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 April 29, 2023, 08:43:46 AM
remember folks for each buyer there is a seller meaning it may seem like a institution buying big is a sign of buyer support.. but equally there are equal amount of coins being sold at same time which can also be sign of seller pressure So what? The important thing is that there is more demand than supply for the price to rise. With the limited supply of bitcoin and the growing demand we see from the general population and institutions like MSTR, the long-term price can only go up. The fact that at any given time a buyer and a seller have to agree on the purchase and sale of x bitcoins is not nearly as important as the above. April 29, 2023, 07:42:28 AM
remember folks
for each buyer there is a seller meaning it may seem like a institution buying big is a sign of buyer support.. but equally there are equal amount of coins being sold at same time which can also be sign of seller pressure so dont take anything on face value. especially by the time it hits media.. because the actual demand/supply was dealt with before media knows EG elon bought in december 2020 but news only began in february 2021 and market speculation occured there after which they wanted to blame elon as causing it April 28, 2023, 10:17:48 AM
Made an infographic of all Bitcoin purchases by MicroStrategy, starting in August 2020, ending on April 5, 2023. Very nice infographic. You say that price tendo to go higher every time Micheal Saylor buys, but if you squint your eyes you will notice the opposite is quite true: the price falls in the hours, days after the purchase… someone with a funny sense of humour. In addition to that, I would advise you to complete the infographic with information about the kind of money used to buy: operating profits, debt, or equity. April 12, 2023, 06:23:13 PM
Btc reached the average buy rate made by MicroStrategy even they have reached the current profit point. I didn't expect this to be a pretty quick reversal in their current situation, because at the end of last year MicroStrategy had a losing percentage or minus 50% of their average buyout figure, but today they are already seeing gains in their portfolio.
I think the market is in a pretty good situation this month looks Bitcoin (BTC) market capitalization has increased by USD 194 billion or around IDR 2,980 trillion in 2023. On a year to date (ytd) basis, bitcoin market capitalization is 66 percent ahead of the top banking stocks on wall street, mainly as fears of a global banking crisis increase. The six largest US banks, JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC), Morgan Stanley (MS), and Goldman Sachs (GS), have lost nearly USD 100 billion or around IDR 1,536 trillion in market value since the beginning of the year. source : https://www.google.com/amp/s/www.liputan6.com/amp/5237162/kapitalisasi-pasar-bitcoin-tumbuh-60-persen-pada-2023-di-tengah-krisis-perbankan-global Jump to:
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