Topic: When will Michael Saylor and MicroStrategy sell BTC? - page 3. (Read 1269 times)

lol why are you all acting like it is some sort of race between Microstrategy and Blackrock?

Microstrategy is one company, buying Bitcoin for themselves to store on their balance sheet. Blackrock's is an ETF that OTHER people put money into. It's comparing one company against an entire market of investors. Obviously Microstrategy can never keep up with the amount of bitcoin that will be in the Blackrock ETF.

I cannot argue about the most updated numbers and who presently has the higher number of bitcoin in their treasury. However, similar to what I have already mentioned, this is a race on who will be the king of bitcoin. Will it be the new mayor of bitcoin Larry Fink or will it be Michael Sailor Moon? I reckon Satoshi should send $1 of bitcoin to tell everyone that he still has control over his 1 million bitcoin wallet heehhe. Satoshi the real king who can dump 1 million coins to $10k.

They create a financial model that allow MicroStrategy investors to get profit without need to force MicroStrategy to sell their bitcoins.

Since September 2020, this model has worked well for MicroStrategy and their investors. This working model is reflected on price of their stock $MSTR that grows from around $150 to $1,500 today.
https://www.google.com/finance/quote/MSTR:NASDAQ

I see their model works but I am not certainly that they will never sell their bitcoins.

1. I don't think that they are gonna sell Bitcoin. But I'd love to see how the market and community would react to that.
2. I think the price would drop significantly, the biggest BTC bull is selling his BTC, imagine that.
3. Not really, I was DCAing when it was cheaper, but now I just switched to altcoins.

Anyway, we are witnessing a race for BTC reserves between two giants: MicroStrategy and BlackRock. Both Michael Saylor and Larry Fink have identified BTC as their major strategy for many years to come. This brings positive value to the uptrend of the crypto market and I wish both of them continue to accumulate more BTC for their reserves to push BTC price to 150K USD or even higher during this season.

Unlike Michael Saylor, Larry Fink does not have the right to decide whether BlackRock will buy or sell BTC because everything is up to the decision of IBIT investors. I'm still skeptical about the possibility that MS will sell BTC in the 2025 distribution area, but I can believe that IBIT investors will sell their IBIT when the market declines and as a result, BlackRock will also have to sell BTC from its reserves.

Michael Saylor invested his money to Bitcoin for himself but here we are more talking about investment of MicroStrategy and Michael is their brand ambassador in Bitcoin market and communities.

Many people confuse between Michael Saylor and MicroStrategy investments in Bitcoin. Here is a portfolio tracker of MicroStrategy.
https://saylortracker.com/

In fact MicroStrategy bought 12,000 bitcoins on 11 March and reclaim their leading position from BlackRock.
https://twitter.com/saylor/status/1767158870294605904
https://assets.contentstack.io/v3/assets/bltb564490bc5201f31/bltc7dc403dd2f481f3/65eeec3173d0bcfc03f3976f/form-8-k_03-11-2024_filing-2.pdf

On Michael Sailor Moon, I disagree. I speculate that it is not only profit for him. He is certainly doing this for his legacy and also why would he sell bitcoin if this is going to become something similar to gold? Uncle Larry and Aunt Cathie has been buying much of the bitcoin cousin Barry has been dumping.

There was a news article that mentioned Blackrock has presently more bitcoin than Microstrategy. This is only the beginning of this race who creates a legacy. Will it be Michael Sailor Moon or the new mayor of bitcoin Larry Fink.



BlackRock's Bitcoin ETF Nears 200K BTC, Passing Michael Saylor's MicroStrategy

Source https://www.coindesk.com/markets/2024/03/10/blackrocks-spot-etf-nears-200k-bitcoin-passing-michael-saylors-microstrategy/

lol a lot of you all are still stuck in a fiat mindset...thinking they they have to sell to make a profit haha. They make a profit by HOLDING bitcoin, not by selling! All selling would do would be to decrease the value of the company. They aren't a person, living off of bitcoin. They are a company with a preexisiting business. They NEVER have to sell if they don't want to. And it makes no financial sense for them to ever sell. Also they don't pay a dividend, so they don't need cashflow to pay that.

You all saying the MUST sell at some point need to switch your thinking. You are in a fiat mindset while Saylor is in a Bitcoin and shareholder mindset. Saylor wants to increase the value of his company, owning more Bitcoin does that. Selling bitcoin would mean owning less bitcoin which would decrease the value of his company. Selling bitcoin is literally completely against their goals as a company.



Also MicroStrategy just bought another 12,000 BTC with over $800 million at $68k and change from their latest convertible note offering. They now own 205k bitcoin, making the company more valuable than ever.

There is no other indicator that crazy bitcoin investors will try to make a profit from bitcoin itself, I am very sure of that, how can large companies buy bitcoin with large amounts without any purpose other than profit.

They are businessmen, and they know how to multiply money with bitcoin, so we who invest in bitcoin, is not one of the goals is the profit from the increase in the price of bitcoin itself, microstrategy is a company that must make a profit and may have to give dividends every year to its shareholders, so with other institutions. So before they sell we must sell early, and before they enter we must enter earlier than them, simple but difficult.

It's all for profit, so if they feel it's not enough, they won't sell it all, but if they need money or feel it's profitable enough, there's no reason not to sell it all. I don't rule out the possibility that they will sell out of bitcoin during the next bull season when bitcoin peaks and that will probably be the cause of another bear market. And then, they continue to buy back bitcoin during bear season at lower prices.

Don't be too naive to believe that they will never sell all their bitcoins, they are large organizations and have enough potential to manipulate the market more than we think.

I had a similar opinion before, however, it presently appears that he wants to create his legacy more than profit. I reckon that under his leadership over Microstrategy's bitcoin fund, there might be no selling of all of the bitcoin in their treasury. I speculate that he also wants to be someone who is written in investment history books as a financial genius. This also implies that we will hear more of his there is no second best speeches hehehehee.



The world’s most famous Bitcoin billionaire says the new Bitcoin ETFs from BlackRock and Fidelity have proven more successful than even he had imagined.

"We thought that maybe Bitcoin was a competitor to gold, but it has actually run up the leaderboard, and now it’s starting to nip at the heels of the S&P 500 Index ETFs,” MicroStrategy CEO Michael Saylor said during an interview at the Madeira Bitcoin conference.

Saylor said gold ETFs, which remain the largest commodity ETFs in the United States, will be surpassed by their Bitcoin counterparts in “not too long a time.”

Read in full https://decrypt.co/220434/bitcoin-etf-versus-gold-sp500-index

I still think you're overestimating the 200 000 BTC that MS has compared to the 19.6+ million BTC that are in circulation - as well as ignoring the fact that MS buys their BTC through the OTC, and their sales would go the same way. MS is really the least problem when it comes to the price of BTC, because the ETFs that are buying now will reach 1 million BTC at some point, and the data on how much they buy/sell is publicly available and we will all know when/if the mass outflow starts.

Corrections always happened and went up to 90%, it's nothing new that we haven't experienced before and that we won't experience again. The only question is whether the new players in the game will stabilize the market to some extent or whether everything will continue to happen in cycles as before.

Sooner or later Michael Saylor or MicroStrategy would sell its bitcoin because, in the end, the Company wants a piece of the profit tho I believe both Michael Saylor the company MicroStrategy gonna sell all of it, Maybe they gonna sell like a quarter or even a half of it but not all of it.

I think they just realize its safer to not try to time the market. Sure they COULD try to time the market, and say that they are selling some to buy back in on the crash. But again, that involves timing the market. If they time it wrong it just makes them look bad and makes them seem like they are trying to become a trader. Saylor has made it very clear they are just going to keep DCAing into Bitcoin, not try to time the market, and not sell. They've already sold once for tax accounting purposes, but also bought enough at the same time to make up for that. They could do something like that in the future, but it would likely just involve buying back the same amount or more, not trying to time the market to buy back later.

It just simply does not make sense for them to do anything other than keep stacking sats. Selling sats only hurts the company.

Maybe that's the answer when he's asked if he will sell all the bitcoins at once, I don't think that selling a small portion to make a profit and then get back on the market is a better strategy than just hodling it in. That power is really something though, when you move your bitcoin, the market has it's eyes on you and what you'll plan to do with it, it sounds like market manipulation but when you get to his level, I don't think that you're smart if you don't abuse that power. Maybe I'm wrong that even a single bitcoin would never be sold by MicroStrategy and they really plan to hodl but I like to think that when the whole board decides though, will he be powerful enough to circumvent their authority?

Well they already did hold it through crypto winter. So you should already be a fan haha.

The last bear market was the only time they would be at all worried about their bitcoin holdings, because the market went much lower than where they bought a lot of their bitcoin. The next bear market is going to be a breeze for them because most of their bitcoin will be in profit even at the bottom of the next bear market. There is no reason whatsoever to expect them to sell anything during the next bear market. They will continue buying in the next bear market, as they did last bear market.

In terms of maximizing business profits, selling Bitcoin would be the opposite of that. Selling bitcoin means the company becomes less valuable. Saylor understands this well, which is why he always says they won't sell and they will keep buying.

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Yes. As simple as this. The entire promise to investors that the company will keep growing their value is based on the company increasing the amount of Bitcoin they have, not decreasing!

Saylor claims, never.

It's his promise. At this point it would not even make financial sense, as bitcoin is THE thing that gives Microstrategy and Saylor their credibility. Once he sells one sat, the whole world follows and pulls money out of MSTR.

If they know any better, they might keep on holding until after halving comes. Of course, it’s hard to predict because we don’t know their goals and objectives but I think a lot of people who are into long-term holding would only take profits after new ATH is hit.

They’re probably not gonna take all their bitcoin in one single transaction and there are other ways to sell bitcoin without directly alerting the market. But if they do sell a huge amount, there might be other investors who will follow suit.


No. It might be a good indication for others but I prefer looking at the market myself.

I also referenced this number 200K BTC, but perhaps we are talking about BTC selling behavior at different times.

urrently we are in the early stages of the uptrend, strong buying from other ETF providers such as BlackRock and Fidelity are enough to absorb all of the BTC sold by GrayScale, and are even enough to support BTC prices on the Spot market.

Conversely, if MS were to sell 200K BTC right at the peak of the market this season, say in 2025 at 150K USD, this selling could prompt a simultaneous sell-off in the market: the selling force completely overwhelms the buying force and the BTC price can return to 100K USD extremely quickly. Worse, BTC spot ETF can completely make the situation worse when traditional investors also want to take profits, the negative impact will be amplified and we may have the opportunity to buy back BTC at 50K USD.

If Saylor and MS will hold BTC through the next crypto winter, they will have a neew fan, is me

If the business situation continues to be positive and shareholders continue to trust MS's investment strategy, MS will have no reason to sell their BTC. On the contrary, if the market situation is not favorable and shareholders want to maximize business profits, it would not be unusual for MS to sell part or all of BTC right in the distribution area of this season.

Personally, I also want MS to hold BTC forever so that this uptrend lasts a little longer, giving altcoins more time to grow and create greater profits for wise investors!

Just realize this, bitcoin is far more profitable than the company Microstrategy. So it literally doesn't make sense for them to sell bitcoin. What would they do with it? Keep it in cash? Great now they just exchanged a hard currency for a weak currency, pretty terrible decision. Bitcoin IS the thing that is growing the company. Selling Bitcoin would only hurt the growth of the company.


The only reasons they would sell Bitcoin, other than some tax loss harvesting like they did a couple years ago (though that same quarter they bought more Bitcoin than they had sold), would be to have money to grow the business if they thought they can grow the business at a faster rate than Bitcoin's price growth, or to time the market and sell high to buy in low.

Michael Saylor has been pretty straight forward about not trying to time the market, they just DCA and don't sell. So I doubt they are going to bother timing the market cycles and selling during a bull run to buy back on the crash. They might, but so far it doesn't seem like they have any intention of doing that. And it would kind of ruin their reputation as a Bitcoin accumulator and make them look more like a Bitcoin trader.

And the other reason, to grow the business, well they can also just raise money through equity offerings to grow the business, they don't need to sell Bitcoin. And since Bitcoin is the thing driving their price of their stock, it would make more sense to sell some equity rather than sell the thing that gives that equity most of its value.


So the people who think Microstrategy is going to at some point just dump all its bitcoin, like when it reaches a certain price, just aren't thinking through the whole reason why Microstrategy has adotped Bitcoin. It essentially never makes sense for them to sell Bitcoin. They aren't a person who is saving up in Bitcoin to retire or to buy things later in life. They are a company whose goal is to grow its market cap. Owning Bitcoin, and buying more and more Bitcoin, is THE thing that grows their market cap. Selling Bitcoin would be completely opposite of the basic economic goals of the company.