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Michael Saylor Shared: MicroStrategy has purchased an additional 1,914 bitcoins for 94.2 dollars million in cash at an average price of 49,229 dollars per bitcoin. As of 12/29/21 we hold 124,391 bitcoins acquired for 3.75 dollars billion at an average price of 30,159 dollars per bitcoin. MSTR
Mixed Community Reaction: Imagine how much lower the price of Bitcoin would be without your buying so many. Also, MSTR is making it much easier for the whales who got in early to get out. Your latest buy was a Christmas gift to sellers. Given your obsession, it looks to be the gift that keeps on giving.
Considering Microstrategy’s average price per Bitcoin, they are still in huge profit even though the whales are selling.
But if Saylor keeps averaging his cost basis up as the price of Bitcoin declines soon MSTR will be HODLing at a loss!
If it was being adopted worldwide then I‘m with you; for now it is purely based on predicting it will be the currency of the future and to make money out of it, or to just make money. All of what you stated can only be valid if it is being used.
BTC cult guys gave up in the attempt to be a currency, long time ago – 99% of them teach the digital gold narrative. 1% still talks of BTC as a currency.
Bitcoin is neither a currency nor a gold. Currency and gold are infinite, hard to transfer/move and you need weapons, skills and man power to protect it. Bitcoin is a value that can be fully protected in your memory, it has a limit and you can move/transfer in seconds to anywhere.
“…and you need weapons, skills and man power to protect it” You need miners to protect BTC value (which comes from hash rate). Instead, the physical gold is a finished product, it doesn’t need a perpetual work to preserve its security (value).
BTC maxis have this insane tendency to take for granted to be the miner’s choice of preference over the next years/decades. BTC has the favour of the market. The only thing which matters is miner’s profitability.
Why not wait for confirmation that the trend has reversed? This recklessness makes me want to short MSTR.
That’s unfair, IMO. MicroStrategy is not checking charts or looking for “confirmation.” They’re buying dips when they have cash available like any long-term investor in any asset. The idea of confirmation is for traders.
So, what happens to this company when BTC goes even lower? Are you then bankrupt? Kind of bet the farm didn’t ya?
Diluting out existing $MSTR holders to buy even more BTC. This is just money printing to try to prop up the BTC market. $MSTR sells 167,759 shares to acquire 1,914 more Bitcoins.
They’re literally up billions, it might become one of the best trades in history.
Just a reminder that it’s all based on a “created asset” backed by nothing, but the belief that someone else will pay a higher price for it – or it’s a lot of air about to be let out.
The amount of innovation in software and hardware being built to support the bitcoin network and emerging Blockchain economy is staggering. While crypto adoption is outpacing that of the internet.
All the time this guy makes btc dump while being bullish, while Peter being bearish makes it pump, this is interesting.
Institutions are buying BTC which changed the timeline, also omicron news squashed our run up. Now institutions and whales. Selling for taxes. It might lengthen the bull run, slower even, but many say BTC and market will blow up (good) this January.
Selling for taxes? How does that work? Sell now for a loss before the end of the year, can apply that loss against your capital gains for the year. After selling, you immediately buy back at the same price. Now you have a loss that can be applied to capital gains and you still have your bitcoin.
Anyone know how much dry powder (USD) $MSTR has left from their bond sales for future dip buying? I’m very curious where these funds come from.
