Michael Saylor expressed:  MicroStrategy has purchased an additional 5,050 bitcoins for ~$242.9 million in cash at an average price of ~$48,099 per Bitcoin. As of 9/12/21 we HODL ~114,042 bitcoins acquired for ~$3.16 billion at an average price of ~$27,713 per bitcoin.

An excited Pomp expressed:  Michael Saylor and Microstrategy have purchased another 5,050 bitcoin for $242.9 million. They now hold over 114,000 bitcoin in total. Congratulations. Your shareholders are fortunate to have you leading them into the future.

While onlookers are left wondering what is happening again and again and again, Michael Saylor keeps moving ahead with his philosophies:  Slow and steady wins the race. Bitcoin is digital energy. Fiat is political energy. Bitcoin miners convert electrical energy into digital energy. Bitcoin exchanges convert political energy into digital energy. Digital energy is indestructible, immortal, instantaneous, and incredible.

Community response:  I don’t get this narrative of digital property or energy. Can someone explain how it’s more than simply digital money? Cheers!

Bitcoin is treated as a capital asset by the IRS, therefore Bitcoin is property, not currency, Any transfer to or from another party is a taxable event, including if it is used for the purchase of goods or services. It is not money, at least not in the eyes of the IRS.

Critics:  Microstrategy is a disaster waiting to happen. Does the business actually do anything besides buy more Bitcoin to prop up the price?? One thing I have noticed is every time Microstrategy buys BTC it usually dumps in the days after.

Reply to critic:  The man turned a $500M company into a $6BN company and you’re giving him financial advice.

When you’re buying with a ‘FOREVER’ timeframe, the fiat price doesn’t matter.  He is not a day trader.   His Strategy is long term.

2025: MicroStrategy now owns 500,000 BTC.

An interesting meme video is making the rounds depicting Michael Saylor as Bahubali, the Bitcoin Savior who is set to rescue the BTC price.

The video shows how one find day, over leveraged longs will collapse, while the liquidation engine will go Brrr, and the Bitcoin  Monolith falling down while top buyers are trying to prevent the Bitcoin statue from falling down.  Meanwhile over leveraged longs get crushed in the liquidation engine leading to cascading liquidations and the market is panic selling all shit coins, and the liquidation pools start popping off, and there comes Bahubali – Michael Saylor balancing the rope to improve the price Bitcoin.

Crypto VCs then witness the price moving up from 25x to 50x through 100x.