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Michael Saylor Shared: MicroStrategy has purchased an additional 1,434 bitcoins for 82.4 million dollars in cash at an average price of ~57,477 dollars per bitcoin. As of 12/9/21 we hodl ~122,478 bitcoins acquired for ~3.66 billion dollars at an average price of ~29,861 dollars per bitcoin. MSTR
Community Response: On the one hand amazing, but the centralization of so many. Bitcoins in one hand is also not that much positive.
I have a question can you please help me understand. Once we mine all 21,000,000 bitcoin we have to protect the network with transaction fees. Well, if we do all the transactions on the second layer for basically free how do we protect the network and keep the miners mining?
Dude literally bought the nut top of the counter Trend relief rally.
What I don’t understand is you are a business guy and you never put all your eggs in one basket, you always worked on the next software while keeping the old one close: So why only Bitcoin? Get some ETH as well.
Every time you buy, it dips. Could you not see the market looked bearish as hell? Could have waited a week and bought and extra few hundred for the same price.
You realise if you buy them all they won’t be worth anything right?
He can’t buy them all. There are many folks like me, who never intend to sell.
At this rate, only select few will have majority of bitcoins making it unusable for anything. What will happen then? Definition of buying no matter what is happening with the chart.
Man, you always buy 20-30% premium. You should hire me – I can save you millions.
Apparently, you didn’t hear the news. All our models are REKT. Sherman’s cold hard technical analysis takes down our entire philosophy. It was a nice try, but he’s got us. Not even you could have an argument to refute this brilliant man.
Yes, better load up on mongoose coin – just in case it catches on.
Seriously crypto is going to make a mongoose coin now – If it doesn’t exist and meme it to the moon.
Good average entry price. Unfortunately, I missed it on Bitfinex in the right time.
Good for them but wait until they cash out some next year. We will be screwed again.
Take note of the average price, 29,861 per Bitcoin. He did not just do a cost average, but he made sure to have a good and cheap base. Since he positioned himself well early on, he now had the courage to buy at a higher price. A well calculated move.
What percentage of all Bitcoin mined does MicroStrategy now own?
It seems like Bitcoin isn’t really decentralized when a corporation owns a crazy high percentage (I think in the 20’s) of all coins.
