Topic: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’ - page 6. (Read 19150 times)

Saylor's prediction might come true if BTC keeps growing at a fast pace. The upcoming Trump administration will boost market prices by a long shot. Still, $250m is a far-fetched dream. But not impossible. Without Saylor in the fold, it's likely the company (MicroStrategy) will move away from Bitcoin. Unless, someone from within becomes so obsessed with BTC (like Saylor) and takes the reigns as the next CEO of the company. We can't tell what will happen in the future. 2045 is just two decades away.

It would like to add that Bitcoin is not only superior to Cash, but it's also superior to Gold. It's just that the world hasn't realized this yet. We're still early in the game. By 2045, we should expect a sizeable portion of the world's population to have adopted Bitcoin as a currency and a store of value. Just buy, "hodl", and forget about the rest.

For sure, Saylor has not been silent in regards to stating his investment thesis and the various reasons behind his investment thesis on a fairly regular basis, and it seems to me that largely with the passage of time, he has gotten more aggressive and more convicted including coming up with more and more strategies to double down on his previous levels of conviction, so in some sense, he has contributed towards putting himself and his company into "the" kind of go-to place for certain kind of investors to get into a certain kind of bitcoin price exposure, including that the larger and larger his stake becomes and the more that he had been actually following through with his previous plans, the more credibility that he gainz in regards to someone who stays convicted towards following through with any statements that he makes.

Saylor and/or MSTR could waffle, yet there is no real reason to expect that they are going waffle absent to strong justification for doing so, and some mere changes in regulations here and there or some other price difficulties are not likely to shake him out of his position, since historically he has already shown that he is not shaken easily and when in doubt he errors on the side of buying more rather than hesitating.

For anyone studying and looking into bitcoin, even in the 4.5-ish years that Saylor/MSTR has been into bitcoin, many aspects of bitcoin have been playing out at least as bullish as expected, so there are likely ways in which conservative (and even worse scenarios have been expected), yet bitcoin largely has been continuing to deliver as good as could be expected.. even though of course, we could imagine even more bullish scenarios that could have had played out in bitcoin, yet even the scenario that has been playing out is nothing to really complain about, even if there are more bullish scenarios that could have had played out.


It seems to me that any deviation from the MSTR plan laid out by Saylor would likely have to be well justified and well within the spirit of the original plan... and of course, Saylor would have more credibility to deviate as compared with any successor, absent the successor building his own credibility.

In the case of Warren Buffet, I don't know how BH will perform after his death but he has left advice to the trustee of his estate to put 90% in the S&P 500 and 10% in short-term government bonds.

Between now and 2045 we do not know what may happen, so if Saylor dies then many things may have changed. On the other hand, if he dies soon, whoever takes over the reins has no choice but to follow the plan Saylor has laid out for continued success, especially with the institutional adoption that is coming. Deviating from the plan in the slightest would mean cascading stock sales.

Yeah, there's no telling what's going to happen that far into the future--especially when you're talking about bitcoin, which we all love but in truth is a relatively new and very controversial asset.  And by controversial I mean there are still a lot of skeptics in addition to whatever regulations governments might put into place that could hurt it. 

But man, with bitcoin at $75k Michael Saylor must be tap dancing on the ceiling right now, and I'd bet that it's going to go much higher.  As far as what MSTR might do with its bitcoin holdings 20+ years into the future, the question reminds me of what the future of Berkshire Hathaway is going to be once Warren Buffett dies and his successor takes the helm.  It's possible that in the case of Saylor's death, a new CEO might not be such a big fan of bitcoin and could start unloading it....but obviously that's pure speculation.  I don't have a crystal ball, and I don't think anyone else here does either.

*GO BITCOIN!!*

Why do you feel some need to label bitcoin as crypto?  Are you not able to get your point across by focusing on bitcoin?

I do just now see that the thread also uses that dumbass term, crypto, when we are really talking about bitcoin.

MSTR is truly and unambiguously buying bitcoin, they are not fucking around with shitcoins or other "crypto." whatever the fuck crypto might mean?


In this part, you seem to be able to use the word bitcoin... So you are not completely lost in the use of ambiguous and largely misleading word-choices.


I believe that he is planning on holding bitcoin longer.. but yeah, he might not even be alive by then.. 21 years from now, he must be pretty close to 80 by that time, if he were alive.

But, surely no problem for a person or a company to project out their own plans, even though surely there is no commitment that any person or company would have in order to have to stick to such commitment in terms of if facts  might change that end up influencing changes in opinion and/or actions.

The MicroStrategy company started buying bitcoins in August 2020. But in the link you shared here the number of bitcoins held by MicroStrategy company they mentioned is wrong. Because this company has already purchased BTC252,220 bitcoins. Currently, their stock value has increased due to the increase in the price of Bitcoin. Currently, the value of the Bitcoin holdings of the MicroStrategy company has increased to over $18 billion.

https://treasuries.bitbo.io/microstrategy/ (Check out MicroStrategy Company's bitcoin holdings chart and purchase history here)


Yes, this company recently announced a $42 billion capital plan to purchase more bitcoins. How long MicroStrategy will hold bitcoins is up to them, do you have any proof that they will hold until 2045? They may plan to hold Bitcoin for a longer period of time.

Are you worried it's too late to buy Bitcoin (CRYPTO: BTC)? Although the pace of some of the cryptocurrency's previous run-ups may be difficult to match, there is still plenty of room for it to grow. But just how much?

If you believe Michael Saylor, the outspoken chief of MicroStrategy (NASDAQ: MSTR), the answer is a whole lot. Known for his bold and fearless Bitcoin advocacy, Saylor isn't shy about setting high price targets. His latest? That Bitcoin will reach $13 million by 2045 -- a potential gain of 18,600% from today's price.

Source link
Saylor is a big believer in Bitcoin
Under Saylor's direction, the company made Bitcoin a core part of its business. MicroStrategy began as a software company -- it still is one -- but in 2020 it began amassing a reserve of Bitcoin as a central strategy for growth. It now owns about 250,000 bitcoins valued at more than $16 billion. The company spent just under $10 billion buying them -- a pretty nice deal. Investors appear to believe this is a winning strategy; the stock is up nearly 2,000% since the Bitcoin buying began despite the company's software revenue barely growing since then.

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Michael Saylor will buy more bitcoins, because the price of bitcoins will increase as time goes by. Michael Saylor estimates that he will hold bitcoins until 2045. He wants to get the most benefits by holding more bitcoins. According to him, there is still plenty of opportunity to hold bitcoins, so if an investor wants to hold bitcoins, you can certainly hold them at this time.

I think that Saylor's strategy goes much beyond your attempted level of analysis, and sure the BTC price could go down from here, could go below the 200-WMA.. could go below his average cost per BTC and/or could go way beyond expectations.. .. and so there are various ways to deal with negative BTC prices.... which includes likely making sure that any debt can still be serviced. and there may or may not be abilities to continue to buy more bitcoin under such downward scenarios depending on how far it goes down, what reasons there might be for it going down and/or how long it might stay down in the doldrums, yet I doubt that MSTR and/or Saylor have failed/refused to account for such negative possible scenarios.

I think he is no longer moving with the DCA strategy in buying bitcoin but more forced to make himself more famous with Holding BTC. The cash flow budget has become a problem because he dared to take the option to take debt in order to buy Bitcoin. I believe Saylor should think carefully, although so far the company's performance has improved but he is not reckless to have more BTC by taking lots of loans.

But I don't know I'm not very good at corporate strategy because so far I have seen that microstrategy company has become a bitcoin holding company because it continues to buy bitcoin every year. So in your opinion, will the strategy taken by Saylor have a bad impact if the price of bitcoin drops drastically again or returns to $30k. Even though it's just an assumption, he has to think about it.

MicroStrategy Company Our focus remains to increase value generated to our shareholders by leveraging the digital transformation of capital. Today, we are announcing a strategic goal of raising $42 billion of capital over the next 3 years, comprised of $21 billion of equity and $21 billion of fixed income securities, which we refer to as our “21/21 Plan.” As a Bitcoin Treasury Company, we plan to use the additional capital to buy more bitcoin as a treasury reserve asset in a manner that will allow us to achieve higher BTC Yield,” said Phong Le, President and Chief Executive Officer, MicroStrategy.

Bitcoin Treasury Highlights of microstrategy company

BTC Yield” KPI: Year-to-date 2024, the Company’s BTC Yield is 17.8%. The Company is revising its long-term target to achieve an annual BTC Yield of 6% to 10% between 2025 and 2027. BTC Yield is a key performance indicator (“KPI”) that the Company uses to help assess the performance of its strategy of acquiring bitcoin in a manner the Company believes is accretive to shareholders. See “Important Information about BTC Yield KPI” in this press release for the definition of BTC Yield and how it is calculated.

Source link: https://www.microstrategy.com/press/microstrategy-announces-third-quarter-2024-financial-results-and-announces-42-billion-capital-plan_10-30-2024

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MicroStrategy company's Bitcoin collection mileage is very deep, because they are collecting Bitcoins exactly as they want. They have created a few steps to buy bitcoin using their strategy that someone released in Q3 and it is very transparent. However, their target will accumulate bitcoins in this way for years to come, and the bitcoin accumulation can reap benefits several times the original asset amount

I am not against their strategy, if that is what they want to do and their investors too.

Their level of aggressiveness just makes me nervous, and I don't invest in bitcoin-related stocks anyhow.  I am perfectly fine, personally, sticking with BTC, and I have no problem with people choosing to allocate some or a lot of their investment into MSTR rather than bitcoin.  That is their choice, and I would not even bet against MSTR, since I think that Saylor is very smart and quite able to sell his seemingly cheat code (leveraging on the weakness of the dollar and dollar based debt systems relative to bitcoin) strategy as being a good one... it is just a bit nervous making for me in regards to his doubling and tripling down and even his outright challenge to other companies (and even governments) regarding the outright boldness of his strategy to accumulate all of the bitcoin that also plays on bitcoin's game theory that suggests the sooner you get into bitcoin the better, whether you are an individual, an institution and/or a government, and so those who diddly-dally in their getting into bitcoin are going to have their lunch eaten by bitcoin and also MSTR.. . .and it still makes me nervous to see him doing it, even though it seems a likely winning strategy... I am good enough (personally) not leveraging debt and even just ongoingly going long on bitcoin which surely personally, I am in a good position and even advantaged by people who bet long (and leverage) their bitcoin (as long as they don't get recked and maybe I am still advantaged even if they do end up getting reckt). 


I personally think that it is Saylor's job to not exaggerate his strategy, so to understate it and to give conservative that are more likely to be outperformed rather than overly bullish numbers that end up being wrong and underperform.

What you said is quite right, The presentation which includes mstr's success in its best performance this year. Regardless of the move made by MS I believe investors will benefit from the hedge in BTC yields.

The next move that saylor will make is to move full throttle to buy more BTC. I think he will go crazy on BTC and that is what is called complete loyalty to the main principle of holding BTC.

The more I look at the presentation, the more bullish I become on MSTR.

They are becoming a BTC Hedge fund, intending to measure their performance in terms of BTC yield.

I did some computation about their potential growth, and they actually underestimated their BTC YIELD.

So, I am now more bullish than MS on this strategy.
When I am wrong, I am ready to admit it.

Fascinating what Saylor is doing, he is taking a big risk in the eyes of traditional investors but he might just be a generational mind, an elite thinker. If, as expected Bitcoin continues to rise in price over the next 20 years, MSTR are very quickly going to become one of the biggest companies in the world. I’m just shocked that many others haven’t followed his lead.

With all the respect and consideration that I have for both of you, I have to tell you that I think you have taken a dislike to MSTR and it is hard for you to see the big picture. I have seen the entire presentation and in it he explains why the company is much more than a company that has bitcoin in its treasuries. They have been working on bitcoin developments for a long time now, such as LN for companies, which if I remember correctly I posted a video about here.

And there is no need to take it as bitcoin vs MSTR. I personally have much more bitcoin than MSTR shares but I find it an interesting option.

Did anyone see that Microsoft shareholders are going to vote on whether to buy bitcoin? That wasn't even considered a few years ago, and if they are voting on it now it's mainly because of Saylor.

Can succeed? No, MicroStrategy definitely WILL succeed. We already know that the Central Bank Cabal has a continuous policy to keep printing fiat. Therefore, Bitcoin will surge to a seven digit valuation within a few more cycles. THAT will make MicroStrategy one of the most valued companies in the Nasdaq, but I believe that won't be the only company. Microsoft and the other tech companies will start HODLing Bitcoin in their balance sheets as well. They simply will have no choice but follow the MicroStrategy model.

There are people who are more concerned about what the future brings and Michael Saylor is one of such people and that's why his company keeps doing the lump sum aggressively, with the way Bitcoin is heading, I believe it has the potential of achieving Saylors dreams which is the global money of the future. However, on a second thought I think Microstrategy's aim is to continue being the company with the highest holding Bitcoins and that's why they keep pumping more money into their portfolio, we've seen how their stock price has risen since when they started investing on Bitcoin and I think other companies, institutions and firm would begin to emulate Microstrategy if some haven't started already.

The point in that whole presentation is that he raised the bar as far as BTC YIELD is concerned.
This is the only way to keep the MSTR valuation so high.
I tried to short MSTR, but i hurt myself and now I am flipped. MS can succeed.
It's not a "poor man BTC ETF" it's a "poor man BTC Hedge Fund".

they are proving it to the institutions and the corporate world that you can hedge off the dollar with more than cash in the bank. This was done with gold reserves, and slowly has gone away from the spotlight.

I try not to be a MSTR hater, but Saylor sometimes comes off as a degenerate gambler in regards to figuring out how much is enough.. and nothing seems to be enough, and he wants to double the bitcoin holdings of the company in a relatively short period of time... .. and gosh at some point is he going to end up "overdoing it?"