Topic: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’ - page 7. (Read 19150 times)

Michael J Saylor Microstrategy investment approach has become the most or top discussed matter on the social media. I saw a news recently that Japanese public company Metaplanet has announced the purchase of ¥1 billion ($6.25 million) worth of Bitcoin, adopting Bitcoin as a treasury reserve asset and this as a result of following the Leed of micro strategy bitcoin treasury and or asset. This is a good sign of bitcoin massive adoption

Michael Saylor says his company MicroStrategy has announced a $42 billion capital plan to buy more bitcoins. MicroStrategy is the world's first treasury company, announced its third quarter financial results on 30 September 2024.

saylor

Microstrategy is a company of good principles:



The whole presentation is here:

Q3 2024 Financial Results

If haven't "DYOR" yet, but can Class B shares be used as collateral? Because if not, that's the only reason I could see why Chad Saylor would convert his Class B shares to Class A and sacrifice his voting power. He probably wants to use more of those shares in the company as collateral?


Its price movement is acting like a pseudo-ETF because the value of the company's balance sheet has embedded itself with the value of Bitcoin. Therefore if Bitcoin's price surges and MicroStrategy's balance sheet grows, but the price of the stock remains the same, THEN it's considered undervalued and it will get some bids from smart investors in the stock market.

Yes currently their investment portfolio has increased in value as the price of Bitcoin has increased. Last night Bitcoin crossed 73 thousand dollars according to which their company crossed 18 billion dollars.
This company may be ready to purchase more bitcoins;
MicroStrategy to buy $900 million in #Bitcoin soon

Almost all bitcoin investors know about the MicroStrategy company, basically everyone has become well-known about this company since it started investing in bitcoins. According to MicroStrategy Bitcoin History they started buying Bitcoin from August 2020. So far they have continued to buy bitcoins step by step. From 2020 to 2024, the value of all the Bitcoins collected by MicroStrategy has already crossed $18 billion, which has brought them to unprecedented heights.

Ever since MicroStrategy invested in Bitcoin in 2020, their company's stock price has gradually started to rise.

MicroStrategy before and after adopting Bitcoin strategy.

IMG Source

Saylor has converted his class B shares, which had 10x votes per share, to class A shares. Saylor went from about 52% of the voting power to 'just' 9.9%. That is a major change and people are speculating why. It might be because only class A shares are added to the market cap which helps reaching the Nasdaq100 inclusion threshold. And maybe removing a barrier for S&P500 inclusion? I can't imagine Saylor to jump ship at this stage now that the company is getting momentum, guess we will learn more during the earning calls (October 30).




EDIT:

Metaplanet has dared to show their identity as a company that is openly following microstrategy's steps to make bitcoin a direction in providing benefits to shareholders. Of course that's good enough because so far many companies have not dared to show the public about their strategy in buying bitcoin.

So far Metaplanet has accumulated 861.387 btc from 16 purchases they have made. The first time it was done on April 23, 2024, I think we will see many other companies continue to follow in microstrategy's footsteps.

Metaplanet Adopts MicroStrategy’s Bitcoin Metric to Boost Shareholder Transparency
Metaplanet’s adoption of the metric aims to provide a precise method to evaluate whether its Bitcoin purchases enhance shareholder value.


Japan’s publicly-listed early-stage investment firm Metaplanet is again following in the footsteps of Michael Saylor’s software company MicroStrategy, introducing a metric designed to assess how Bitcoin acquisitions affect shareholder returns.

Previously dubbed "Asia's answer to MicroStrategy," Metaplanet said it would begin employing a metric pioneered by Saylor’s firm known as “BTC Yield,” according to a disclosure on Thursday.

MicroStrategy, the world's largest corporate holder of Bitcoin, pioneered the concept in August, which tracks the percentage change in the ratio between total Bitcoin holdings and fully diluted shares.

Source link: https://decrypt.co/288247/metaplanet-adopts-microstrategys-bitcoin-metric-to-boost-shareholder-transparency

^ I am happy to report their holdings increased with 17.66% in the meanwhile.

Saylor keeps repeating that Microstrategy is not going to sell their bitcoins, and they will buy at every opportunity. If you look at the chart of their bitcoin purchases, it becomes clear that they have no pattern, they buy at any time, as soon as they have money for it.


Source

They buy at the bottom and at the highs, not worrying much about possibly buying too expensive, calculate the average price and as a result we see that their strategy works well. And if you watch Saylor's interview, he believes that bitcoin will be worth hundreds of thousands and even a million...

Yes that's right MicroStrategy company's main objective is to buy and hold bitcoins. At any given moment in the market we have seen them buying bitcoins ie they are buying bitcoins regularly. In a statement on Twitter today, I saw Michael Saylor saying that we are buying bitcoins to hold for a hundred years.


His statement may prove that their dream is not only to reach billions to trillions of dollars but may be much higher. Their thinking is far-reaching for prolonging Bitcoin investment.

The MicroStrategy company now aims to become a bitcoin bank. They already own 252,220 Bitcoins. According to today's market, one Bitcoin is worth about $68,322.52. According to today's market, the total value of Bitcoin held by MicroStrategy is approximately (252,220×$68,322.53) = $017,232,308,516.6 dollars, i.e. over $17 billion dollars.

MicroStrategy Aims to Be ‘Bitcoin Bank’ With Trillion-Dollar Valuation: Michael Saylor
With nearly $16 billion worth of Bitcoin in the bank, MicroStrategy's Michael Saylor shares big plans ahead for BTC.


MicroStrategy Inc. is positioning itself to transform how capital is preserved and transferred globally, according to a recent report by Bernstein Research—and the company’s outspoken co-founder Michael Saylor says the company aims to become a “Bitcoin bank” with a potential trillion-dollar valuation.

Bernstein has rated MicroStrategy as "Outperform," with a price target of $290, reflecting a 39% upside from its current price of $209, according to Google Finance. The report states that MicroStrategy’s significant investment in Bitcoin is the key driver behind this optimistic projection.

MicroStrategy has gained attention for its large-scale Bitcoin acquisition strategy under the guidance of Saylor, the firm’s Executive Chairman and former CEO. Since 2020, the company has accumulated 252,200 Bitcoin, or $15.8 billion worth as of this writing, making it the largest publicly traded corporate holder of the cryptocurrency.

Source Link: https://decrypt.co/285838/microstrategy-bitcoin-bank-trillion-dollar

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The main purpose of this microstrategy company is to hold bitcoins, and their dream is to move from billions of dollars to trillions of dollars. Only by investing in bitcoins will they achieve the maximum level goal, so they are collecting bitcoins in order to achieve this goal. 
But by collecting bitcoin investment step by step, they collected a total of 252200 bitcoins which has a current value of about 16 billion dollars. But MicroStrategy has certainly made enough strides to reach the trillion dollar mark, so I think the MicroStrategy goal will definitely be met.

Saylor only thinks about Supply btc only 21 coins, so he keeps buying and doesn't want to sell anymore, he said that in many videos that are scattered on social media.
With limited money or he runs out of his own money, the next step is to take the debt path and that's what he did in order to be able to buy Bitcoin.
Peter schiff is a stupid investor, he keeps insulting saylor with words that make us laugh, but what is happening now, saylor's steps have succeeded in bringing something extraordinary to the progress of MicroStrategy and the investment made in bitcoin has provided extraordinary profits and that's where peter is very jealous of saylor.

It turns out that you have come across an article published in


Which obviously doesn't say anything new because that  there is no indication that they are going to sell anything, it is not that this is not new, it is that Saylor has been repeating ad nauseam lately that they will continue to buy as soon as they can, either with cash from the net profit of the intelligence business software or as soon as they can issue more debt at reasonable ratios.

I came across in this article https://blockworks.co/news/microstrategy-bitcoin-buying and it seems MicroStrategy don't really have any indication that they would stop buying bitcoin. Its like they are not satisfied with their holdings and want to accumulate more.

So expect that they would add more since so far there's no indication for them to sell their holdings. So good to see them wrecking some profits since this is good indication that other companies if they follow what MicroStrategy do.

It seems every update is exciting for Microstrategy, that's why Craig Wright always got triggered on their actions done.

Of course MicroStrategy is moving forward with a smart move, they have been doing the buying in Bitcoin for a long time. Also, there is no question that the skyrocketing value of their holdings in recent months is wrong, as their purchase price per bitcoin averages between $39k -$40k when compared to the current bitcoin market value. This month Bitcoin has started to increase steadily in value compared to last month. Although my personal opinion is that MicroStrategy may continue to buy their bitcoins until they hit a million worth of bitcoin!

Sailor is not even stopped by the fact that Bitcoin is close to ATX, he sticks to his beliefs and continues to buy Bitcoin. Firstly, he most likely believes that Bitcoin will grow and significantly exceed the current price, and secondly, thanks to their strategy, they received a very good average price, about $ 39k per Bitcoin, which with such a huge capital will give a very good profit. Also, everything will depend on how long he is able to hold, because the money that Microstrategists allocate for the purchase of Bitcoin is withdrawn from circulation and sent to hold.

Yes the MicroStrategy company has been buying bitcoins continuously for the past four years. They are ready to buy Bitcoin at any moment in the market if they have cash flow. The total number of Bitcoins held by MicroStrategy so far is 252,220. Maybe they didn't buy so many bitcoins in one day, they were able to accumulate so many bitcoins in their investment portfolio by buying slowly.  The MicroStrategy company has already bypassed the US government by continuing to buy bitcoins regularly.

Maybe MicroStrategy is ready to buy more Bitcoins as we saw on social media Twitter.
Twitter: https://x.com/Vivek4real_/status/1846122306873053287?t=4Mvd5Vw3KHWOdSUSdJjK6w&s=19

As a proxy to $BTC, $MSTR is really outperforming on the one year time span, you'd make alot more just buying MicroStrategy than Bitcoin on a percentage gain basis. 503% vs 144% gain past year.
Will be interesting to see if that trend continues.


Source Link

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MicroStrategy is currently the most successful Bitcoin company, holding Bitcoin for years to come. But even if their dollar amount is high, they have invested more, but if we are holding in Bitcoin with a small amount of dollars like them, it will be a much larger amount later. That's why microstrategy companies adopting the DCA approach will be as successful in the future, but MicroStrategy has more money and benefits. So DCA method is the best investment to make yourself successful and have few dollars.