Tell me at which point did Saylor break his promise? He said he'll be issuing shares to buy more bitcoin for long term holding, which he did. He also said he'll be holding his bitcoin forever and borrowing money against it, which he did. The whole idea of Saylor's exit strategy feels a bit like something Peter Schiff might say.
We don't know what he needs the money for, but I wouldn't be surprised if he bought bitcoin once again. Why? Because people pumped stocks and bitcoin is in a period where a bull market begins, so maybe Saylor expects stocks to crash and bitcoin to pump? After all the stock market is basically one big casino and Saylor is betting against the house.
Topic: The Daily FUD Thread: Michael Saylor dumps his MSTR shares - page 2. (Read 291 times)
you do realize he has billions in btc.
and he sold only 370million in stocks.
So billions vs millions not much of an issue.
and he sold only 370million in stocks.
So billions vs millions not much of an issue.
https://www.cnbc.com/2024/04/19/bitcoin-bull-michael-saylor-made-370-million-from-microstrategy-sales.html
So, apparently, Michael Saylor has unloaded 400k of his Microstrategy shares, which, at this point, are largely backed by BTC and could be used as a proxy for investing in Bitcoin.
What do you take of it? Was all his talk about accumulating Bitcoin forever and never selling just an act? Or was he genuine but just wanted to cash out with ~£370 millions for whatever reason?
This seems like an exit strategy for me and makes me remember Elon Musk and his involvement in Bitcoin. At the end, it is always a way of taking advantage of the market. MicroStrategy have been one of the latest mover of the Bitcoin price and if Michael Saylor sells his shares and pull out his money, which I'm sure he will do, others will do same and the end may not be nice to Bitcoin. So, apparently, Michael Saylor has unloaded 400k of his Microstrategy shares, which, at this point, are largely backed by BTC and could be used as a proxy for investing in Bitcoin.
What do you take of it? Was all his talk about accumulating Bitcoin forever and never selling just an act? Or was he genuine but just wanted to cash out with ~£370 millions for whatever reason?
Somehow I don't think he'll be buying bitcoins with his proceeds.
He is definitely not buying Bitcoin and even if he does, the amount he will be willing to inject into Bitcoin will be so insignificant compared to worth of his shares. 
https://www.cnbc.com/2024/04/19/bitcoin-bull-michael-saylor-made-370-million-from-microstrategy-sales.html
So, apparently, Michael Saylor has unloaded 400k of his Microstrategy shares, which, at this point, are largely backed by BTC and could be used as a proxy for investing in Bitcoin.
What do you take of it? Was all his talk about accumulating Bitcoin forever and never selling just an act? Or was he genuine but just wanted to cash out with ~£370 millions for whatever reason?
Somehow I don't think he'll be buying bitcoins with his proceeds.
So, apparently, Michael Saylor has unloaded 400k of his Microstrategy shares, which, at this point, are largely backed by BTC and could be used as a proxy for investing in Bitcoin.
What do you take of it? Was all his talk about accumulating Bitcoin forever and never selling just an act? Or was he genuine but just wanted to cash out with ~£370 millions for whatever reason?
Somehow I don't think he'll be buying bitcoins with his proceeds.
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