This 15,500 low meant another 190 millions of Bitcoin impairments.
Topic: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’ - page 41. (Read 24435 times)
November 10, 2022, 08:48:18 AM
Maybe it’s too early to call, but this dump meant Microstrategy will have to set a said as impairment a good amount of money:
This 15,500 low meant another 190 millions of Bitcoin impairments.
This 15,500 low meant another 190 millions of Bitcoin impairments.
November 04, 2022, 02:14:48 PM
And, since MSTR is a public company, we end up getting to see a lot of details that we might otherwise be able to see - which in some sense should be a positive to be able to learn from how largely open MSTR (and Saylor) have decided to be in regards to MSTR's bitcoin strategies - and surely Saylor has been going overboard with the extent of his public disclosures in regards to MSTR's BTC strategies, and he surely seems to be attempting to use that openness to his advantage - which seems to be beneficial to bitcoin too (to the extent that bitcoin gives any shits).
Don't get me wrong here, I am super positive about Saylor investing in Bitcoin, but in the end, of course, Bitcoin will be most beneficial to Microstrategy, not the other way around.
hahahahahaha
You caught me with my panties down.
I guess I was speaking loosely.. and for sure in bitcoin we have a lot of symbiotic relationships.. and surely, in sum, bitcoin gives no shits about Saylor or no Saylor.
Hyperbitcoinisation will happen eventually, Microstrategy or not.
And believe me when I say it's not Bitcoin's role providing you with a more fair society, whatever it means.
And believe me when I say it's not Bitcoin's role providing you with a more fair society, whatever it means.
That's true. Bitcoin gives no shits about fair or not fair, but coincidentally, bitcoin happens to be designed in such a way that central aspects of society have potential and incentives to "play" in more fair ways because the various unfairnesses of the Cantillon effect of the money printer becomes less and less effective - since "bitcoin no play like dat."
Bitcoin is there, a low-hanging fruit waiting to be picked up. And to do so you don't even need privilege, violence or power like it used to be in the previous world.
There is some truth in what you say in regards to some bringing back of more basic values from the past - however, at the same time, there are a lot of advantages that is likely going to come to people who are in a position to figure bitcoin out early and to accumulate some of it earlier rather than later... at least so far that seems to be the projected direction in terms of advantages to those who both figure it out early and also who take actions in order to attempt to align themselves with investing into bitcoin (i.e. time, energies, money).
November 04, 2022, 01:52:49 PM
And, since MSTR is a public company, we end up getting to see a lot of details that we might otherwise be able to see - which in some sense should be a positive to be able to learn from how largely open MSTR (and Saylor) have decided to be in regards to MSTR's bitcoin strategies - and surely Saylor has been going overboard with the extent of his public disclosures in regards to MSTR's BTC strategies, and he surely seems to be attempting to use that openness to his advantage - which seems to be beneficial to bitcoin too (to the extent that bitcoin gives any shits).
Don't get me wrong here, I am super positive about Saylor investing in Bitcoin, but in the end, of course, Bitcoin will be most beneficial to Microstrategy, not the other way around.
Hyperbitcoinisation will happen eventually, Microstrategy or not.
And believe me when I say it's not Bitcoin's role providing you with a more fair society, whatever it means.
Bitcoin is there, a low-hanging fruit waiting to be picked up. And to do so you don't even need privilege, violence or power like it used to be in the previous world.
November 04, 2022, 01:30:52 PM
The only thing that scares me is that those are companies money and not just his own money.. what matters now is that they all will be better benefiters on Bitcoin in the future.
Why does it matter if the about 130k of bitcoin that MSTR had bought are company assets rather than Saylor's? We have gone over this quite a bit in this thread already, no?
Saylor has a pretty dominant role and control over MSTR, and that is how the company is designed (likely purposefully by him). People have rights to design companies how they like, and surely there are ramifications regarding what he can do and what he cannot do because MSTR had become a public company and still is a public company.
And, since MSTR is a public company, we end up getting to see a lot of details that we might otherwise be able to see - which in some sense should be a positive to be able to learn from how largely open MSTR (and Saylor) have decided to be in regards to MSTR's bitcoin strategies - and surely Saylor has been going overboard with the extent of his public disclosures in regards to MSTR's BTC strategies, and he surely seems to be attempting to use that openness to his advantage - which seems to be beneficial to bitcoin too (to the extent that bitcoin gives any shits).
Here, analysts began to declare after the fact that it would be if Microstrategy invested not in bitcoin, but for example in Ethereum, and it turns out that the company, instead of losses, would now cost more by $1.6 billion, but here is one thing, the entire crypto market depends on bitcoin and here calculations for an alternative investment can be purely theoretical, in that case who then you should invest in bitcoin taking the place of Microstrategy.
https://decrypt.co/113531/there-is-no-second-best-microstrategy-would-1-6b-invested-ethereum
Nice try, but completely out of scope.https://decrypt.co/113531/there-is-no-second-best-microstrategy-would-1-6b-invested-ethereum
Micheal Saylor already made clear several times Microstrategy is not concerned by the market price, at least in the short period.
I have a suspect there would be even better performing shitcoins, even the US Dollar might be one of those, but this a pointless observation.
My head hurts just thinking (even in a superficial way) about that messy project, aka Ethereum..... You would be hard-pressed to get me to say anything nice about it, except maybe that it serves a kind of interesting experimental ground, and hopefully not too many innocent people get hurt in the process - even though we do know that brains are hurt because some people actually believe the various Rube Goldberg machine bullshit upon which Ethereum's seemingly house of cards is built and continues to attempt to perpetuate itself.
November 04, 2022, 11:57:22 AM
Here, analysts began to declare after the fact that it would be if Microstrategy invested not in bitcoin, but for example in Ethereum, and it turns out that the company, instead of losses, would now cost more by $1.6 billion, but here is one thing, the entire crypto market depends on bitcoin and here calculations for an alternative investment can be purely theoretical, in that case who then you should invest in bitcoin taking the place of Microstrategy.
https://decrypt.co/113531/there-is-no-second-best-microstrategy-would-1-6b-invested-ethereum
https://decrypt.co/113531/there-is-no-second-best-microstrategy-would-1-6b-invested-ethereum
Nice try, but completely out of scope.
Micheal Saylor already made clear several times Microstrategy is not concerned by the market price, at least in the short period.
I have a suspect there would be even better performing shitcoins, even the US Dollar might be one of those, but this a pointless observation.
They would have held currently what they hold in Bitcoin double folds if they had bought Ethereum but they are strictly censorship base and nothing like bitcoin in terms of comparison. A big no again from him, i think if he can, he can sell his kidney just to purchase to those Bitcoin, his advice is to buy more bitcoin and more bitcoin. The only thing that scares me is that those are companies money and not just his own money.. what matters now is that they all will be better benefiters on Bitcoin in the future.
Here, analysts began to declare after the fact that it would be if Microstrategy invested not in bitcoin, but for example in Ethereum, and it turns out that the company, instead of losses, would now cost more by $1.6 billion, but here is one thing, the entire crypto market depends on bitcoin and here calculations for an alternative investment can be purely theoretical, in that case who then you should invest in bitcoin taking the place of Microstrategy.
https://decrypt.co/113531/there-is-no-second-best-microstrategy-would-1-6b-invested-ethereum
Nice try, but completely out of scope.https://decrypt.co/113531/there-is-no-second-best-microstrategy-would-1-6b-invested-ethereum
Micheal Saylor already made clear several times Microstrategy is not concerned by the market price, at least in the short period.
I have a suspect there would be even better performing shitcoins, even the US Dollar might be one of those, but this a pointless observation.
Hahahahaha - maybe that diptwat Vitalik wrote the Article himself under a pseudonym..? since he and the other ethereum fantasylandia dweebs enjoy dealing with counter-factual realities - to wish their visions of reality into reality.
No no hahahahaha, he wants the push and growing up of Ethereum but saying he wrote that not a good way to go about that
November 04, 2022, 11:47:19 AM
Here, analysts began to declare after the fact that it would be if Microstrategy invested not in bitcoin, but for example in Ethereum, and it turns out that the company, instead of losses, would now cost more by $1.6 billion, but here is one thing, the entire crypto market depends on bitcoin and here calculations for an alternative investment can be purely theoretical, in that case who then you should invest in bitcoin taking the place of Microstrategy.
https://decrypt.co/113531/there-is-no-second-best-microstrategy-would-1-6b-invested-ethereum
Nice try, but completely out of scope.https://decrypt.co/113531/there-is-no-second-best-microstrategy-would-1-6b-invested-ethereum
Micheal Saylor already made clear several times Microstrategy is not concerned by the market price, at least in the short period.
I have a suspect there would be even better performing shitcoins, even the US Dollar might be one of those, but this a pointless observation.
Hahahahaha - maybe that diptwat Vitalik wrote the Article himself under a pseudonym..? since he and the other ethereum fantasylandia dweebs enjoy dealing with counter-factual realities - to wish their visions of reality into reality.
November 04, 2022, 08:28:04 AM
Here, analysts began to declare after the fact that it would be if Microstrategy invested not in bitcoin, but for example in Ethereum, and it turns out that the company, instead of losses, would now cost more by $1.6 billion, but here is one thing, the entire crypto market depends on bitcoin and here calculations for an alternative investment can be purely theoretical, in that case who then you should invest in bitcoin taking the place of Microstrategy.
https://decrypt.co/113531/there-is-no-second-best-microstrategy-would-1-6b-invested-ethereum
https://decrypt.co/113531/there-is-no-second-best-microstrategy-would-1-6b-invested-ethereum
Nice try, but completely out of scope.
Micheal Saylor already made clear several times Microstrategy is not concerned by the market price, at least in the short period.
I have a suspect there would be even better performing shitcoins, even the US Dollar might be one of those, but this a pointless observation.
November 04, 2022, 07:54:09 AM
Here, analysts began to declare after the fact that it would be if Microstrategy invested not in bitcoin, but for example in Ethereum, and it turns out that the company, instead of losses, would now cost more by $1.6 billion, but here is one thing, the entire crypto market depends on bitcoin and here calculations for an alternative investment can be purely theoretical, in that case who then you should invest in bitcoin taking the place of Microstrategy.
https://decrypt.co/113531/there-is-no-second-best-microstrategy-would-1-6b-invested-ethereum
https://decrypt.co/113531/there-is-no-second-best-microstrategy-would-1-6b-invested-ethereum
November 02, 2022, 05:34:52 AM
Microstrategy released some information on their financial statements.
On this news on Business Wire we had a full disclosure of their accounting:
MicroStrategy Announces Third Quarter 2022 Financial Results
They shared a few detailed informations via a couple of tables: I was able to mostly reproduce these computations, on my Google sheet, but I think I have missed something as I have a different valuation on the purchase on the Q122 (I previously wrongly attributed to Q2).
On this news on Business Wire we had a full disclosure of their accounting:
MicroStrategy Announces Third Quarter 2022 Financial Results
Quote
Digital Assets: As of September 30, 2022, the carrying value of MicroStrategy’s digital assets (comprised of approximately 130,000 bitcoins) was $1.993 billion, which reflects cumulative impairment losses of $1.990 billion since acquisition and an average carrying amount per bitcoin of approximately $15,331. As of September 30, 2022, the original cost basis and market value of MicroStrategy’s bitcoin were $3.983 billion and $2.532 billion, respectively, which reflects an average cost per bitcoin of approximately $30,639 and a market price per bitcoin of $19,480.51, respectively. Additional information on MicroStrategy’s digital asset holdings is included in the “Digital Assets – Additional Information” tables at the end of this press release.
They shared a few detailed informations via a couple of tables: I was able to mostly reproduce these computations, on my Google sheet, but I think I have missed something as I have a different valuation on the purchase on the Q122 (I previously wrongly attributed to Q2).
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Official Microstrategy Table
November 01, 2022, 05:42:45 PM
Microstratefgy Releases their financial statement
MicroStrategy Announces Third Quarter 2022 Financial Results Highlight on the Bitcoin Strategy: Quote Digital Assets: As of September 30, 2022, the carrying value of MicroStrategy’s digital assets (comprised of approximately 130,000 bitcoins) was $1.993 billion, which reflects cumulative impairment losses of $1.990 billion since acquisition and an average carrying amount per bitcoin of approximately $15,331. As of September 30, 2022, the original cost basis and market value of MicroStrategy’s bitcoin were $3.983 billion and $2.532 billion, respectively, which reflects an average cost per bitcoin of approximately $30,639 and a market price per bitcoin of $19,480.51, respectively. Additional information on MicroStrategy’s digital asset holdings is included in the “Digital Assets – Additional Information” tables at the end of this press release. Full Presentation:  I am trying to figure out how to recompute the numbers. I will publish as soon I have sorted out something. October 26, 2022, 11:17:44 AM
Microstrategy buy mobile apps The Bitcoin market has now created a network that has changed the entire world. <…> I didn’t understand what kind of news are you referring to. Which company should Microstrategy have bought? I can’t see anything in the linked source. Saylor is only referencing to the improved UX Bitcoin has using Cash App as an interface. October 26, 2022, 02:57:17 AM
Microstrategy buy mobile apps The Bitcoin market has now created a network that has changed the entire world. Now this news has been widely circulated which will be of great benefit to everyone as micro-engineering is widely facilitated
Sourced: https://twitter.com/saylor/status/1584973583477972992?t=qj1c9bT9rTbw1UWCsNt1fg&s=19  October 25, 2022, 05:38:55 PM
Microstrategy is going to release their Earning Estimates on the next Thursday night, after the bell.
I updated my computations on digital impairment, and this quarter very little is expected:  The price has risen, so there should be little room for impairment from very recent buys. I have to doublecheck those computations, but everything seems right. October 13, 2022, 05:36:27 AM
I guess, young investors will surely learn from Michael saylor investment in the future, Not so sure about what you stated. For sure the one thing the investors, be them young or not, can learn from Micheal Saylor is actually the term investors refers to a medium/long time horizon, with little to no interest to price level.Let's say 4 years or more. Other legitimate time horizon imply different attention to price and different terms: trader, speculators, punters. Not investors. October 12, 2022, 09:51:48 AM
Quote Micheal Saylor is back in the game! I guess, young investors will surely learn from Michael saylor investment in the future, because for someone to purchased 301 bitcoins in the month of September at the average price of $19,851 per Bitcoin, showed that there are many evidence he can use to prove to people that he has the capacity to invest such amount of money on Bitcoin, and what he will get in return when the price of Bitcoin hit higher in the future will be great. I see massive victory ahead of Michael saylor because all the requirements that will make the lawsuit successful in the future are with him. This is to answer to all those tonight that stupid lawsuit was found to interfere with his Bitcoin Strategy. October 11, 2022, 07:04:47 AM
Michael Saylor commented on a rather large article from @dergigi with Bitcoin Is Digital Scarcity where the author proves the undoubted advantage of bitcoin over virtual currencies, citing the main theses that Bitcoin is a digital element in a digital environment created and supported by physical processes, therefore it is reliable money that naturally appeared in the digital world.
While virtual currencies, such as in-game currencies and fiat currencies, are not uncommon because neither time nor energy is required to create them. Saylor agreeing just mentions that.the virtual currencies that the authorities issue are unstable and doomed to failure, and that Bitcoin surpasses them because of its binding to a shortage of time and energy and it is the best form of money. https://twitter.com/saylor/status/1579194776301473792  October 05, 2022, 11:23:12 AM
Michael Saylor is organizing a contest on his Twitter and promises to pay 0.01BTC to the authors of three Lightning themed meme posters he liked, all you need is just to post your poster in the comments to his tweet.
 Source: https://twitter.com/saylor/status/1577413642437349377  October 04, 2022, 10:54:51 AM
Indeed Microstrategy posted on jobs.smartrecruiters.com a vacancy for the position of a software engineer in the field of Bitcoin Lightning to create a SaaS platform based on the Lightning Network, to provide enterprises with innovative solutions to cybersecurity problems and providing new use cases in e-commerce.
Less than two weeks have passed since Michael Saylor stated in his interview with MarketWatch that MicroStrategy is developing a payment protocol based on the Lightning network. https://jobs.smartrecruiters.com/MicroStrategy1/743999854279496-bitcoin-lightning-software-engineer  September 25, 2022, 03:17:28 AM
Michael Saylor, in an interview with the online edition of MarketWatch, says that he is optimistic about the price of bitcoin and that he sees a recovery to ATH over the next four years, and in the next decade, the price of bitcoin, in his opinion, may reach $500,000. "MicroStrategy is also developing Lightning network, a payment protocol based on the bitcoin network and we We are interested in cyberspace and continue to distribute bitcoin. To do this, we are going to use our corporate software skills," says Michael Saylor . He also said that he personally has about 17,732 bitcoins, which he bought at a price of about $9,500 two years ago. So according to Michael Saylor, the next decade will be amazing for bitcoin, and MicroStrategy and he personally have always supported and will continue to support bitcoin and the technologies it offers. Source: https://www.marketwatch.com/video/best-new-ideas-in-money-festival/crypto-craziness/23F3761A-3E56-4C73-8F3B-B5533911C42B.html  Meh. Of course he sees the Bitcoin price going up! He invested so much time, money and reputation (in growing order of importance for him) in Bitcoin, he must of course sell his idea of permabull ("It's going up forever, Laura"). So, yes, we all agree on this, but he has no greater wisdom about the future than the average member of this forum. The more interesting part of the news is the fact that he's converting Microstrategy industrial efforts toward the Bitcoin development. This is a gam changing new for the broader bitcoin environment. The best software developers must put food in the dishes. Long gone are the times where the developers may also be early investors, with thousands of bitcoin in their wallet, so having the luxury of being able to do their work for free. Now we need a more "industrialized" approach to the matter. This is very bullish, in my opinion. September 24, 2022, 12:40:39 PM
Michael Saylor, in an interview with the online edition of MarketWatch, says that he is optimistic about the price of bitcoin and that he sees a recovery to ATH over the next four years, and in the next decade, the price of bitcoin, in his opinion, may reach $500,000. "MicroStrategy is also developing Lightning network, a payment protocol based on the bitcoin network and we We are interested in cyberspace and continue to distribute bitcoin. To do this, we are going to use our corporate software skills," says Michael Saylor . He also said that he personally has about 17,732 bitcoins, which he bought at a price of about $9,500 two years ago.
So according to Michael Saylor, the next decade will be amazing for bitcoin, and MicroStrategy and he personally have always supported and will continue to support bitcoin and the technologies it offers. Source: https://www.marketwatch.com/video/best-new-ideas-in-money-festival/crypto-craziness/23F3761A-3E56-4C73-8F3B-B5533911C42B.html  Jump to:
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