I follow Saylor quite a bit, and yes, they are going to keep buying. In an environment where cash is devaluing 15-20% per year and Bitcoin has appreciated 200% per year on average since its inception, the equation is clear. Even if you assume that since Bitcoin has a large market cap, it will appreciate less, let's say ten times less or 20% per year, it is still very profitable to buy Bitcoin and only have the minimum cash necessary.
Topic: MicroStrategy Purchase - page 2. (Read 320 times)
Michael Saylor - "MicroStrategy has purchased an additional ~205 bitcoins for ~$10.0 million in cash at an average price of ~$48,888 per #bitcoin. As of 3/5/2021, we #hodl ~91,064 bitcoins acquired for ~$2.196 billion at an average price of ~$24,119 per bitcoin. $MSTR"
That’s a lot of bitcoins. It’s pretty crazy to think about where we are right now compared to the past. Today, it’s a stressful battle at 48k/coin to break back through 50k or drop back down to retest 43k. I remember when I pumped about it being 5k.
It seems that MicroStrategy will continue to buy Bitcoin till the cash in their hand is all in Bitcoin. The CEO Michael Saylor sees Bitcoin as a next-generation technological currency and he will continue to take a side with BTC. That’s a lot of bitcoins. It’s pretty crazy to think about where we are right now compared to the past. Today, it’s a stressful battle at 48k/coin to break back through 50k or drop back down to retest 43k. I remember when I pumped about it being 5k.
Companies add Bitcoin to their balance sheets and the more they acquire the more Bitcoin gets stronger. The value increases at the same time with those investments. It will help Bitcoin to get wide adoption. However, the accumulation of bitcoins in some hands may not be good for the future. It will be like the gold standard, who owns digital gold will have greater power. Hoping that "peer-to-peer decentralized cryptocurrency" will be distributed fairly in the future.
This shows that Microstrategy are buying and not selling.
They are buying to safeguard their wealth from FIAT, why would they sell back
into the very thing they are trying to escape.
This bull run may actually become the norm because of these high level investors
who are planning on holding for years to come (generally).
Yeah you don't say, they are a tech company so they know that bitcoin has a potential and I believe that this is not just a hedge for Microstrategy because I think that they are going to get in the investment game with the bitcoin that they have accumulated, I think that they are going to do well. I hope that what you are saying will come true but we have to be prepared because anything that goes up in the market especially a volatile one will eventually go down then rinse and repeat. They are buying to safeguard their wealth from FIAT, why would they sell back
into the very thing they are trying to escape.
This bull run may actually become the norm because of these high level investors
who are planning on holding for years to come (generally).
This shows that Microstrategy are buying and not selling.
They are buying to safeguard their wealth from FIAT, why would they sell back
into the very thing they are trying to escape.
This bull run may actually become the norm because of these high level investors
who are planning on holding for years to come (generally).
They are buying to safeguard their wealth from FIAT, why would they sell back
into the very thing they are trying to escape.
This bull run may actually become the norm because of these high level investors
who are planning on holding for years to come (generally).
It’s pretty crazy to think about where we are right now compared to the past.
One thing, we're better today than in the past. No massive adoption from companies like this on the bull run of 2017. And in this bull run, we hear good news from very popular companies investing in bitcoin.
Microstrategy, Tesla, Grayscale and others.
Don't forget the inclusion of crypto in the payment system of PayPal. Though the method of PayPal is different, still with their announcement to include crypto is a big boost in the crypto community. They have millions of users, so one way or another, some of them will be converted to true crypto users outside of PayPal. Indeed, the adoption this year is very different as compared to 3 or 4 years ago. And it seems, companies are not stopping now. I believe some of them are buying their bitcoin stash without informing the public because that's none of our business.
It’s pretty crazy to think about where we are right now compared to the past.
One thing, we're better today than in the past. No massive adoption from companies like this on the bull run of 2017. And in this bull run, we hear good news from very popular companies investing in bitcoin.
Microstrategy, Tesla, Grayscale and others.
This 10M is nothing compare to their total holdings. I will call it more like a message "we are still here and we are buying" rather than a thoughtful purchase aimed at increasing their exposure to bitcoin. This shows a little that their bags are full or close to full.
Second that. You just said what was in my mind. MicroStrategy just wants to indicate that they are still accumulating Bitcoin and they believe Bitcoin will grow more. Because they bought 205BTC an average price of $48, 888 means they are expecting the price still reasonable to buy Bitcoin and it will fly more. I think the current bull trend continuing due to institutional investors and their holdings. More likely they aren't going to sell bitcoin in this price range. Michael Saylor - "MicroStrategy has purchased an additional ~205 bitcoins for ~$10.0 million in cash at an average price of ~$48,888 per #bitcoin. As of 3/5/2021, we #hodl ~91,064 bitcoins acquired for ~$2.196 billion at an average price of ~$24,119 per bitcoin. $MSTR"
That’s a lot of bitcoins. It’s pretty crazy to think about where we are right now compared to the past. Today, it’s a stressful battle at 48k/coin to break back through 50k or drop back down to retest 43k. I remember when I pumped about it being 5k.
That’s a lot of bitcoins. It’s pretty crazy to think about where we are right now compared to the past. Today, it’s a stressful battle at 48k/coin to break back through 50k or drop back down to retest 43k. I remember when I pumped about it being 5k.
This 10M is nothing compare to their total holdings. I will call it more like a message "we are still here and we are buying" rather than a thoughtful purchase aimed at increasing their exposure to bitcoin. This shows a little that their bags are full or close to full.
MicroStrategy plans to continue investing in Bitcoin and increase its holdings, a recent statement said.
"We will continue to follow our strategy for acquiring Bitcoin with excess money and may from time to time, depending on market conditions, issue debt or equity securities in capital raising transactions in order to use the proceeds to purchase additional BTC."
In my opinion, all this interest and huge investments from such large companies is very indicative of the future of Bitcoin. And yes, I think there will be fewer and fewer ordinary investors, most owners will be these big corporations, not like before, when Bitcoin was held by "ordinary" people.
"We will continue to follow our strategy for acquiring Bitcoin with excess money and may from time to time, depending on market conditions, issue debt or equity securities in capital raising transactions in order to use the proceeds to purchase additional BTC."
In my opinion, all this interest and huge investments from such large companies is very indicative of the future of Bitcoin. And yes, I think there will be fewer and fewer ordinary investors, most owners will be these big corporations, not like before, when Bitcoin was held by "ordinary" people.
Michael Saylor - "MicroStrategy has purchased an additional ~205 bitcoins for ~$10.0 million in cash at an average price of ~$48,888 per #bitcoin. As of 3/5/2021, we #hodl ~91,064 bitcoins acquired for ~$2.196 billion at an average price of ~$24,119 per bitcoin. $MSTR"
That’s a lot of bitcoins. It’s pretty crazy to think about where we are right now compared to the past. Today, it’s a stressful battle at 48k/coin to break back through 50k or drop back down to retest 43k. I remember when I pumped about it being 5k.
That’s a lot of bitcoins. It’s pretty crazy to think about where we are right now compared to the past. Today, it’s a stressful battle at 48k/coin to break back through 50k or drop back down to retest 43k. I remember when I pumped about it being 5k.
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