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Where is Micro strategy Getting all this Money to Buy Bitcoin (BTC)?

Where is Micro strategy Getting all this Money to Buy Bitcoin (BTC)

Community Trust ScoreVerified

80%
Real
Verified35 votes
Updated 5 years ago

Michael Saylor Expressed:  MicroStrategy has purchased an additional 7,002 bitcoins for 414.4 million dollars in cash at an average price of 59,187 dollars per bitcoin. As of 11/29/21 we HODL ~121,044 bitcoins acquired for 3.57 billion dollars at an average price of 29,534 dollars per bitcoin.

Community Response: Saylor what will happen when you guys will decide to take profit? Are you going to make the market collapse?

You’re killing the planet. Did you know a single Bitcoin transaction uses more energy than the average household does in a YEAR?

Bitcoin Maxis are simply not able to critically think, but that’s great for those in control. They will fight religiously to protect something that is going to leave you owning absolutely nothing, this is Fact.

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Why today after it jumped 4-5% and not yesterday when it was down?

Have you ever tried buying 7000 bitcoin in the market? He can’t just smash buy at the lows. He’s got to fill his bags where there is liquidity.

Billionaire problems. Questions is, where is Micro strategy getting all this money from if they are not selling some Bitcoin?

That’s easily 5-10% higher than the average price in the last week or so.

59k dollars? I can get you a better deal.

He bought at 45k and it went to 40k but you know what happened later. He knows what he is doing.

How do we know whether it is true or false? You never disclose your address.

It’s a public company, I assume they have their financial reports available online.

What does MicroStrategy do to have money to buy that amount of bitcoins?

Sir. I admire you as a frontman on institutional investing.

Phew; I was getting worried – it’s been nearly 3 months since your last purchase!

One day Microstrategy will be the world’s most valuable company.

You should change the name of the company to Macrostrategy.

He already did – MicroStrategy’s existing approximately 92,079 bitcoins will be held by a newly formed subsidiary, MacroStrategy LLC

Where we can check and verify that Microstrategy is really buying or holding any bitcoins and it’s not just talks ?

Without the cryptocurrency market, where would all that money go?

Bitcoin was also dumped all the time you bought it. Did you buy or sell?

Serious question.  What is your endgame? Why does a software company need to be the wealthiest entity on Earth? Shared among employees? I am a Bitcoiner but I can’t figure this out.

Did you ever think that if you bought too much of it, that you would actually make the whole system worthless? Even at 1% ownership, as a single company, it starts to look like a flawed system.

How did u buy the top again? Very soon only you will have the whole Bitcoin in the world.

It’s cringe until you own at least 1% of all bitcoins in existence.  Is this accumulation/ concentration of bitcoin a good thing?

Is Microstrategy going to get in the business of mining?

Either you are sailing this company to Mars or the bottom of the ocean either way I’m along for the ride.

 

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James Thorp

James Thorp is a passionate crypto journalist from South Africa specializing in Litecoin, Dash, and emerging digital assets. With years of experience covering the crypto markets, James delivers in-depth analysis and breaking news on altcoins, blockchain adoption, and decentralized payment networks for The Currency Analytics.

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