MicroStrategy Turns Profitable with Bitcoin and Plans for More Growth - page 2.

m2017

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Crypto Casino and Sportsbook

Quote from: BitcoinPak on August 04, 2023, 09:50:34 PM

~snip~

I can't say that the MicroStrategy's investment in bitcoin is a sign that more companies will invest in btc, but the MicroStrategy's actions have undoubtedly already attracted the attention of large institutional investors and are an example to follow. Nobody can be indifferent to how someone makes huge profits on investing in bitcoin and other companies want it too. Seeing a MicroStrategy divest its shares and buy bitcoin with the proceeds, other investors may follow suit. This can create a chain reaction effect where institutional investors start buying btc one by one. The result of this is what the effect on the cryptomarket will be, you know.

The actions of the MicroStrategy with bitcoin are something like advertising for the cryptoindustry. As long as they buy. It would be interesting to see what will happen if the MicroStrategy starts mass selling bitcoin. This will have to happen sometime, and that is why the MicroStrategy buys bitcoin. Otherwise, they will not make a profit. And here, the concentration of a big amount of btc in the hands of one whale can play a cruel joke.

mk4

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Good for them! Now, if only they can actually increase their annual cashflow instead of just being a de-facto bitcoin ETF stock.

Quote from: BitcoinPak on August 04, 2023, 09:50:34 PM

Is MicroStrategy success with Bitcoin a sign that more companies will invest in cryptocurrency?

Doesn’t work that way. I doubt all these companies would be like “omg MSTR is now profitable on their bitcoin holdings, we should buy some too!”

Sim_card

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MicroStrategy has made huge profit from bitcoin and been the most successful bitcoin investor in the market. As he always use DCA method to exploit the market by buying at dip. He recently bought a good significant amount of bitcoin and I know that his company will make great profit in the next bull run. He is a die hard bitcoin fan based on how he invest deeply into bitcoin and sold some of his stocks. This is a good example for one to emulate in the way he buys and hodli. MicroStrategy is giving more people confidence on bitcoin since he is among the whales in the market.

SquirrelJulietGarden

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MicroStrategy is a very strongly convincing example of successful DCA practice. They have been doing Dollar Cost Averaging many months since 11 August 2020, nearly exactly three years ago.

Details of MicroStrategy DCA Balance Sheet

You can make estimations for your DCA plan with https://dcabtc.com/ or can create accounts on Coinmarketcap.com, Coingecko.com to simulate DCA and see results.

BitcoinPak

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Greetings to Everyone, The company MicroStrategy whose Bitcoin assets total 1lac 52thousands 8 Hundred made a profit of $22.2 million in the second quarter of this year. This is a big change from the loss they suffered last year 2022.
In July Month of 2023 they spent $14.4 million to buy 467 more Bitcoins which changed their profit compared to last year because their digital assets had a smaller loss in value.

I aslo think Investing in Bitcoin was a good idea for MicroStrategy, as its price increased a lot. MicroStrategy used their own money to buy more Bitcoins and they believe more big investors are becoming interested in Bitcoin. They plan on selling some of their stocks in order to get more money to buy more Bitcoins in the future.

Source
Cryptocurrencies like Bitcoin have been increasing in price since 2023, and they are now worth around $29,206 which is good for MicroStrategy.
Is MicroStrategy success with Bitcoin a sign that more companies will invest in cryptocurrency?

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