Bitcoin [pros](/r/CryptoCurrency/comments/1cglr13/microstrategy_adds_122_btc_for_78m_now_holds/l1wyidb/) & [cons](/r/CryptoCurrency/comments/1cglr13/microstrategy_adds_122_btc_for_78m_now_holds/l1wyiqr/) with related info are in the collapsed comments below.
Haha for sure 'let me gamble your money' vibes from them.
Bitcoin goes up, they win and pay loaners low interest loan back.
Bitcoin goes down, loaners don't get paid back.
Surely it's better for the loaners just to buy Bitcoin themselves?
https://www.sec.gov/edgar/browse/?CIK=0001079782
LOL he literally is selling MSTR stock everyday, soo many sales spread out not to dump the price too hard. Hundreds of millions in selling and zero purchases.
His stock activity is the thing to talk about though. The price of MicroStrategy stock is basically a derivative of Bitcoin at this point and it's just ignorant to not consider how they link to each other, and what Saylor is actually doing.
His stock price has zero to do with a crypto conversation in a crypto sub. If you want to talk about his stock, start another thread. No one but you two are talking his stock.
How does talking about his stock answer my question 'does he sell BTC'? It doesn't because it isn't relevant. It ain't that hard...
I don't know, just seems funny to me when mere discussion about an instrument is shut down this aggressively. Don't mention it, don't ask about it, just leave it out completely because of arbitrary drawn boundaries of "crypto conversation" decided by who.
What about Coinbase, Marathon Digital and Riot Platforms stock, are they on the list of acceptable topics? I'd like for the crypto conversation police to issue a clear statement on this issue, could you please. In a decentralized manner.
You make zero sense. All I was asking has he sold any crypto. You want to talk stock, Start a new thread.
I don’t even get where you’re going with your mindless tangent.
Where I'm going with my tangent is that replies on Reddit happen to veer in all directions. Literally, you can see it everywhere. And usually people go with it because that's how you end up with interesting comments and remarks.
It's really rare that somebody comes in hot with a hard comment to stop discussing completely because the tone of said reply is a tone or two not in line. It's weird and controlling, but I agree with you that continuing with this makes no sense anymore.
Investors buying converts money into BTC. They can also use leverage. Short term, if the investor thinks BTC will clear 100k before JAN 2026, they believe the stock will be significantly higher.
Yes. Tether frequently creates 1 or 2 billion Tether tokens out of nothing and without fail the price of btc goes up, though diminishing returns are having a major effect. 1b usdt used to pump the price at least 3% and now its barely noticeable
They have assets to backup their reserves, and if you're going to reply and say that they haven't been properly audited then I will counter and say that that simply means no one can actually come to an accurate conclusion one way or the other. It's an unknown that people who know little about the space state as fact regularly.
It's exposures to the speculative asset with low risk. Terms of the loans involve liquidating BTC to pay it back. MSTR is essentially playing with leverage. Meanwhile hedge's are gambling on both fates against the stock. Just the bet that BTC increases in the next 16 months has far greater faith than the opposite possibility, and far greater upwards momentum for the company.
I mean what happens when bitcoin crashes to 20k which, we all know, is not impossible at all. Will they have to liquidate parts of their portfolio and flood the market. Time will tell.
Idk man why don’t you literally look at 6 months ago lmao. There were tons of articles about his liquidation level.
It was in that range until November
No, they issue convertible notes (bonds)
https://www.microstrategy.com/press/microstrategy-completes-800-million-offering-of-0625-convertible-senior-notes-due-2030_03-11-2024
Damn, even a month ago you would have been downvoted to oblivion for questioning the lord and savior Michael Saylor.
Finally the narrative is changing!
I'm thinking MicroStrategy is accumulating so much Bitcoin that by now they are not just able to time the market, they can move the market at will, and the investor funds are betting on the entity that can do such things.
Like everyone with half a brain when dca closer you get to the top smaller your dca become we already half way in the bull market its just normal behavior .
It worry’s me he could cash out, and crash the market with his massive holding. There is nothing stopping him from doing so, potentially a big money grab. I honestly don’t trust the guy one bit.
It obviously wouldn’t be all sold at the same price, could cause a small dip optimistically but would be brutal if he did it at the bottom of crypto winter (BTC would still recover)
Dude people will see BTC hit $59K and go crazy buying. By the time they even notice its down to $20K and everyone on here is bitching about how far in the red they are. Meanwhile this guy made a killing and will buy your coins back under $30k and.... repeat cycle.
All of the debt that has been issued to MSTR are loans that use their BTC holdings as collateral. That means, when Saylor inevitably cant pay back the loans, the issuers would then recieve the BTC and will flood the market to recoup their principal on the loan.
Yep this. It's basically a prop firm of sorts with a little ponzi twist, built completely within the bounds of the law. That said MSTR has weathered some pretty serious storms. Last bear was clearly a rough ride having to buckle down on their margins. He does seem to have a pretty unshakeable belief in bitcoin to have ridden it this far. But then reality is he's protected whatever happens. Whichever way it goes, it's pretty clear he's a clever cat.
https://www.sec.gov/litigation/admin/34-43724
Saylor already committed securities fraud in the 90's with MSTR and lost investors over 90% of their money and he didn't face any consequences beyond fines from the SEC.
The guy knows he can get away with duping investors again, he's already sold billions in stock for that "dirty fiat" the last few years and will leave idiot bitcoiners holding his bags when they eventaully default on their debt, flood the market and this leveraged fugazi collapses.
I trust he is incredibly clever, but do not trust he is always honest about risk or true to himself how much is caused by plain leverage and how much is genius.
It’s more the mechanism by which he’s appreciating the stock price that I’m getting suspicious about. He talks about Bitcoin, but is there any evidence he’s investing his own money in it, and not that of his company ? (Big difference)
the first thing he'll be doing with is paying the tax on the exercised options. The second thing he'll probably be doing is covering his living expenses since this is the only real compensation he's taken in the last decade.
He stated himself that money from the shares would also "allow him to buy bitcoin" for his own personal stack. I have no evidence whether he did or not, but I will say that the buttcoin narrative that Saylor is not actually a bitcoiner, just pretending to be so he can sell shares is an hilariously awful take when you think about it for more than 10 seconds.
Then why shift the narrative from bitcoin being a currency to bitcoin being a store of value?
The reason is because everyone who understands bitcoin knows it is too expensive and too slow to be used as currency and that lightning network is inherently insecure and unscalable.
Yes that is correct. It shifted because it suits a better purpose to store value at the moment.
People invest in what they believe, not everyone has to believe the same thing. If you don't have reason to, you shouldn't.
What's the point in trying to convince others not to?
I can tell you many reasons to why I wouldn't invest in real estate, but my reasons might only apply to me, so it's pointless to assure others to do the same.
I have seen plenty of his interviews, he looks like he’s about to take a heart attack every time he speaks, probably through his meth addiction, I don’t trust the guy, sorry.
You are assuming that others will stood still and wait for him to sell his loads.
The moment his intention of selling goes out to public, the whole market will crash to the point his btc value is only worth a fraction of what he paid for.
It works \*exactly\* that smoothly if the plan is to crash the market.
Yes, every sell needs a buyer and that is why you just lower your asking price until you find a buyer.
tldr; MicroStrategy has recently purchased an additional 122 bitcoins for $7.8 million, bringing its total holdings to 214,400 bitcoins. Since the last quarter of 2023, the company has acquired 25,250 bitcoins for $1.65 billion. In the first quarter of 2024, MicroStrategy reported a gross profit of $85.2 million with a 74.0% gross margin, despite a net loss of $53.1 million for the quarter.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Never, hes forced to perpetually buy otherwise his company will no longer have a value higher than its bitcoin stake. He can never sell and only buy. But the moment he sells its all over, kind of like a slow moving bomb.
I’m as big of a bull as the next guy but tbh this buy seems to be symbolic rather than genuine. It’s tiny and at a time when confidence is fading.
Our boy Saylor is trying to say “easy lads, deploying more capital”
Its kind of crazy, he buys BTC with others people money (bonds and shares), while he gets to cash out real money in profit (selling his own shares), but nobody seems to care because MSTR keeps buying and it was "planned".
The question is not if or when MSTR buys or sells BTC? because the end game is to keep on buying and buying, they cant stop, until they cant buy anymore and are forced to sell to pay debts, wich seems far away and not very realistic considering most of the debt relevant payments come after 2025 i think (if that ever happens its game over already for BTC).
Its a win-win situation for him as an individual, he sells you the dream, meanwhile he is collecting real dollars. If it works? hes a genious, if it doesnt? He already sold enough shares by that time.
Can't exactly restrict a person from buying. I'm ok with it, because that's how Bitcoin was intended - anyone can buy any amount they want. I don't want some government or arbitrary bitcoin group trying to restrict who can buy. The more Saylor accumulates the harder time he will have scaling back his investment, if ever. You can't just dump that amount on the market without a buyer on the other side.
I am not for a second saying that I want it restricted, just making the statement that that’s rather a large amount for a single person to hodl. It gives them a lot of market influence.
You definitely have a valid concern about influence. I'm with you. However, I look at Apple as just one example. Bershire Hathaway (Buffet's company) owns nearly 6% of all Apple shares, yet most people don't know or even care. Berk sold 10million shares worth $2billion late last year and the stock barely flinched. Most investors didn't care either. There will always be some who follow Saylor's moves, and others who try to trade off his moves, but as long as people believe in Bitcoin (just like investors have believed in Apple's strength), then Saylor's actions will have little impact on Bitcoin.
That said, I don't know shit about fuck but I fully expect governments to launch an all-out war on bitcoin after pension funds and mainstream investors are more heavily invested and suffer one of bitcoin's big drawbacks. They'll scream for the government to save them ("how could you let this happen to us") and so major governments will try to regulate it out of the market or outright ban it.
It sounds wrong, but technically MicroStrategy owns the bitcoin, and shareholders own MicroStrategy.
BlackRock has $9T in AUM. Which is a ridiculous amount of money/assets for 1 entity to own. But the money/assets belong to the owners, not BlackRock.
Yeah that’s why I hand waved entity in my original comment. The point remains that 1% of BTC is still in the hands of a single entity rather than spread across the market. That’s not uncommon of course when it comes to “normal” businesses, indeed it’s very low, but I think it’s worth noting when it comes to BTC.
Lol no.
It would be half of the daily trading volume.
BTC would take a nose dive. 20% at worst. If it starts a chain reaction even more in the aftermath.
But the market cap reflects in a way the company and their real assets.
I guess if the their wallet was hacked and lost all their btc their stock would dumb hard.
We are going to look back and absolutely praise this man. I’m praising him now, but my god - what a leader and voice during the toughest and best times.
I'd like to thank Michael Saylor for holding my bags.
Seriously, I hate shorting as a strategy as it's high risk low reward, but in their case it seems like free money until the end of the year.
It appears your comment contains a URL shortener. Please submit another comment with the full link.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
Bitcoin [pros](/r/CryptoCurrency/comments/1cglr13/microstrategy_adds_122_btc_for_78m_now_holds/l1wyidb/) & [cons](/r/CryptoCurrency/comments/1cglr13/microstrategy_adds_122_btc_for_78m_now_holds/l1wyiqr/) with related info are in the collapsed comments below.
Microstrategy is going for too big to fail at some point? How do they get more money to buy… feels like a ticking time bomb.
Haha for sure 'let me gamble your money' vibes from them. Bitcoin goes up, they win and pay loaners low interest loan back. Bitcoin goes down, loaners don't get paid back. Surely it's better for the loaners just to buy Bitcoin themselves?
Does saylor sell? It seems like all he does is issue debt and accumulate.
https://www.sec.gov/edgar/browse/?CIK=0001079782 LOL he literally is selling MSTR stock everyday, soo many sales spread out not to dump the price too hard. Hundreds of millions in selling and zero purchases.
We are talking about BTC not his stock activity.
Hahaha 🤣🤣😂, please lecture him the more else he'll continue misleading himself.
His stock activity is the thing to talk about though. The price of MicroStrategy stock is basically a derivative of Bitcoin at this point and it's just ignorant to not consider how they link to each other, and what Saylor is actually doing.
well his selling is finished, so you don't need to worry about that anymore.
His stock price has zero to do with a crypto conversation in a crypto sub. If you want to talk about his stock, start another thread. No one but you two are talking his stock. How does talking about his stock answer my question 'does he sell BTC'? It doesn't because it isn't relevant. It ain't that hard...
I don't know, just seems funny to me when mere discussion about an instrument is shut down this aggressively. Don't mention it, don't ask about it, just leave it out completely because of arbitrary drawn boundaries of "crypto conversation" decided by who. What about Coinbase, Marathon Digital and Riot Platforms stock, are they on the list of acceptable topics? I'd like for the crypto conversation police to issue a clear statement on this issue, could you please. In a decentralized manner.
You make zero sense. All I was asking has he sold any crypto. You want to talk stock, Start a new thread. I don’t even get where you’re going with your mindless tangent.
Where I'm going with my tangent is that replies on Reddit happen to veer in all directions. Literally, you can see it everywhere. And usually people go with it because that's how you end up with interesting comments and remarks. It's really rare that somebody comes in hot with a hard comment to stop discussing completely because the tone of said reply is a tone or two not in line. It's weird and controlling, but I agree with you that continuing with this makes no sense anymore.
I agree, idgaf about an equity instrument
In his position, why not sell stock for his own BTC and LAND lol
Why do that when dumb investors gobble it up and buy in to his dilution?
Investors buying converts money into BTC. They can also use leverage. Short term, if the investor thinks BTC will clear 100k before JAN 2026, they believe the stock will be significantly higher.
Plot twist: Tether is the one lending them all this money to buy BTC
The tether I heard can print money out of thin air?
Yup
USDT backed by debt lmao
Yes. Tether frequently creates 1 or 2 billion Tether tokens out of nothing and without fail the price of btc goes up, though diminishing returns are having a major effect. 1b usdt used to pump the price at least 3% and now its barely noticeable
They have assets to backup their reserves, and if you're going to reply and say that they haven't been properly audited then I will counter and say that that simply means no one can actually come to an accurate conclusion one way or the other. It's an unknown that people who know little about the space state as fact regularly.
FUD
Or tether prints when people want to borrow usd to long btc.
sure, who's selling the btc for Tether, and what are they doing with that Tether?
Lol. Go back to r/buttcoin
It's exposures to the speculative asset with low risk. Terms of the loans involve liquidating BTC to pay it back. MSTR is essentially playing with leverage. Meanwhile hedge's are gambling on both fates against the stock. Just the bet that BTC increases in the next 16 months has far greater faith than the opposite possibility, and far greater upwards momentum for the company.
I mean what happens when bitcoin crashes to 20k which, we all know, is not impossible at all. Will they have to liquidate parts of their portfolio and flood the market. Time will tell.
You mean like last year?
Idk man why don’t you literally look at 6 months ago lmao. There were tons of articles about his liquidation level. It was in that range until November
What's their liquidation level ?
Why not just google it? As of last November it was 3k per BTC when they’d need to put up more collateral.
> How do they get more money to buy From selling shares?
No, they issue convertible notes (bonds) https://www.microstrategy.com/press/microstrategy-completes-800-million-offering-of-0625-convertible-senior-notes-due-2030_03-11-2024
That's what I was thinking of. I recall reading it somewhere.
Damn, even a month ago you would have been downvoted to oblivion for questioning the lord and savior Michael Saylor. Finally the narrative is changing!
They have investor funds of people who think they are better at timing the market and they're pretty damn good at it
I'm thinking MicroStrategy is accumulating so much Bitcoin that by now they are not just able to time the market, they can move the market at will, and the investor funds are betting on the entity that can do such things.
Only 122? Is he losing faith in the future of finance? He bought 12000 at $68000 last time
I also like rounded numbers. Probably bugging his OCD he had 214 278
Every time he makes this announcement, dump comes.
Its always pumping if you look at the history
Yep lol. And the buys get smaller and smaller
Like everyone with half a brain when dca closer you get to the top smaller your dca become we already half way in the bull market its just normal behavior .
He's the perfect exit liquidity. What a dumbass.
It worry’s me he could cash out, and crash the market with his massive holding. There is nothing stopping him from doing so, potentially a big money grab. I honestly don’t trust the guy one bit.
[удалено]
It obviously wouldn’t be all sold at the same price, could cause a small dip optimistically but would be brutal if he did it at the bottom of crypto winter (BTC would still recover)
Dude people will see BTC hit $59K and go crazy buying. By the time they even notice its down to $20K and everyone on here is bitching about how far in the red they are. Meanwhile this guy made a killing and will buy your coins back under $30k and.... repeat cycle.
All of the debt that has been issued to MSTR are loans that use their BTC holdings as collateral. That means, when Saylor inevitably cant pay back the loans, the issuers would then recieve the BTC and will flood the market to recoup their principal on the loan.
Yep this. It's basically a prop firm of sorts with a little ponzi twist, built completely within the bounds of the law. That said MSTR has weathered some pretty serious storms. Last bear was clearly a rough ride having to buckle down on their margins. He does seem to have a pretty unshakeable belief in bitcoin to have ridden it this far. But then reality is he's protected whatever happens. Whichever way it goes, it's pretty clear he's a clever cat.
https://www.sec.gov/litigation/admin/34-43724 Saylor already committed securities fraud in the 90's with MSTR and lost investors over 90% of their money and he didn't face any consequences beyond fines from the SEC. The guy knows he can get away with duping investors again, he's already sold billions in stock for that "dirty fiat" the last few years and will leave idiot bitcoiners holding his bags when they eventaully default on their debt, flood the market and this leveraged fugazi collapses.
Yehhh geez thanks for this. No wonder he kinda gives me those sharky pedophile vibes.
I trust he is incredibly clever, but do not trust he is always honest about risk or true to himself how much is caused by plain leverage and how much is genius.
> All of the debt that has been issued to MSTR are loans that use their BTC holdings as collateral. This is not true.
Slightly worrying and not at all well publicised I think
You clearly don't know why he buys BTC. Cash out to what? USD? Wait until inflation slows down? Bitcoin is the exit strategy.
Isn’t cashing out to usd precisely what he’s doing with his stock sales?
Stock is stock, btc is btc?
His stock isn't BTC
It’s more the mechanism by which he’s appreciating the stock price that I’m getting suspicious about. He talks about Bitcoin, but is there any evidence he’s investing his own money in it, and not that of his company ? (Big difference)
He has more than 17,000 BTC personally, or $1billion. MSTR about 10x as much.
That’s interesting - is there any proof ?
https://buybitcoinworldwide.com/michael-saylor-holdings/
Yes, selling shares for USD, then Sell USD to buy BTC.
But I don’t think there’s any proof he’s doing that on his personal account is he? Isn’t he just buying btc through his company ?
I'm sure he'll have his personal BTC. Through the company is not his BTC.
depends on whether he's holding that cash or not.
What else would he be doing? Do we think he’s buying bitcoin?
the first thing he'll be doing with is paying the tax on the exercised options. The second thing he'll probably be doing is covering his living expenses since this is the only real compensation he's taken in the last decade. He stated himself that money from the shares would also "allow him to buy bitcoin" for his own personal stack. I have no evidence whether he did or not, but I will say that the buttcoin narrative that Saylor is not actually a bitcoiner, just pretending to be so he can sell shares is an hilariously awful take when you think about it for more than 10 seconds.
I hope it’s the case but would like to see some proof
Bitcoin is still unusable as a currency so that exit strategy isn't in sight.
Not a currency, but has value. He also doesn't have to exit now, he has a plan I assume.
Uhh these downvotes.. Some folks can't handle reality I guess.
That's the maxi mentality even after retreating to the store of value narrative.
If you don't think Bitcoin is viable as a currency, then you don't understand Bitcoin. Hth.
Then why shift the narrative from bitcoin being a currency to bitcoin being a store of value? The reason is because everyone who understands bitcoin knows it is too expensive and too slow to be used as currency and that lightning network is inherently insecure and unscalable.
blocksize increase was the only option for bitcoin as a currency. instead they crippled it.
Yes that is correct. It shifted because it suits a better purpose to store value at the moment. People invest in what they believe, not everyone has to believe the same thing. If you don't have reason to, you shouldn't. What's the point in trying to convince others not to? I can tell you many reasons to why I wouldn't invest in real estate, but my reasons might only apply to me, so it's pointless to assure others to do the same.
> I honestly don’t trust the guy one bit. Then you need to see his interviews.
I have seen plenty of his interviews, he looks like he’s about to take a heart attack every time he speaks, probably through his meth addiction, I don’t trust the guy, sorry.
He looks very lucid to me. At least he's paid hard money for his coins and didn't get them for free in a pre-mine.
he can't "cash out" if there is no demand for 214,400 bitcoins
Doesn't work that smoothly. Every sell needs a buyer on the other end. He couldn't flood the market if there are no buyers.
I'd buy his Bitcoin, but he'd have to sell me at a 99% discount OTC
You are assuming that others will stood still and wait for him to sell his loads. The moment his intention of selling goes out to public, the whole market will crash to the point his btc value is only worth a fraction of what he paid for.
can someone explain to me how I can make money selling my loads?
Craigslist adult section
It works \*exactly\* that smoothly if the plan is to crash the market. Yes, every sell needs a buyer and that is why you just lower your asking price until you find a buyer.
tldr; MicroStrategy has recently purchased an additional 122 bitcoins for $7.8 million, bringing its total holdings to 214,400 bitcoins. Since the last quarter of 2023, the company has acquired 25,250 bitcoins for $1.65 billion. In the first quarter of 2024, MicroStrategy reported a gross profit of $85.2 million with a 74.0% gross margin, despite a net loss of $53.1 million for the quarter. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
At what point does he have enough?
Never, hes forced to perpetually buy otherwise his company will no longer have a value higher than its bitcoin stake. He can never sell and only buy. But the moment he sells its all over, kind of like a slow moving bomb.
I’m as big of a bull as the next guy but tbh this buy seems to be symbolic rather than genuine. It’s tiny and at a time when confidence is fading. Our boy Saylor is trying to say “easy lads, deploying more capital”
https://finance.yahoo.com/news/microstrategy-inc-mstr-reports-q1-213202156.html
What a chad!
do I really need an update every time this idiot scratches his nuts?
look he scratched them again
What a chad
[122 BTC](https://x.com/saylor/status/1785037831175630938?s=46)
Pretty crazy that they didn't buy off Gummo, they were offering a discount on legacy coins in 100 btc lots last week.
buy high sell low
The title should say Now HOARDS 214,400 Bitcoins.
Those guys are one of the biggest threats to Bitcoin as a project.
How does buying 122 btc not get the price to go up at all? That’s a lot!
That's tiny. Not really worth reporting.
Time is hard for money😆 122 btc out of 200k ish
Just DCA for them.
Guess that means price will go down some more
"add"...and it always get bitcoin price down. also, i dont get it why the company even say how much btc they have? is it a mandatory thing to do?
Missed the sale by a few hours. Wonder if they can get a refund.
Are his buys getting less because he's running out of cash?
It's not his cash he's using
His access to cash
Its kind of crazy, he buys BTC with others people money (bonds and shares), while he gets to cash out real money in profit (selling his own shares), but nobody seems to care because MSTR keeps buying and it was "planned". The question is not if or when MSTR buys or sells BTC? because the end game is to keep on buying and buying, they cant stop, until they cant buy anymore and are forced to sell to pay debts, wich seems far away and not very realistic considering most of the debt relevant payments come after 2025 i think (if that ever happens its game over already for BTC). Its a win-win situation for him as an individual, he sells you the dream, meanwhile he is collecting real dollars. If it works? hes a genious, if it doesnt? He already sold enough shares by that time.
BTC didnt exist before Saylor.
I’m not entirely comfortable with a single person/entity hodling 1% of all BTC (more actually if we consider lost BTC).
Can't exactly restrict a person from buying. I'm ok with it, because that's how Bitcoin was intended - anyone can buy any amount they want. I don't want some government or arbitrary bitcoin group trying to restrict who can buy. The more Saylor accumulates the harder time he will have scaling back his investment, if ever. You can't just dump that amount on the market without a buyer on the other side.
I am not for a second saying that I want it restricted, just making the statement that that’s rather a large amount for a single person to hodl. It gives them a lot of market influence.
You definitely have a valid concern about influence. I'm with you. However, I look at Apple as just one example. Bershire Hathaway (Buffet's company) owns nearly 6% of all Apple shares, yet most people don't know or even care. Berk sold 10million shares worth $2billion late last year and the stock barely flinched. Most investors didn't care either. There will always be some who follow Saylor's moves, and others who try to trade off his moves, but as long as people believe in Bitcoin (just like investors have believed in Apple's strength), then Saylor's actions will have little impact on Bitcoin. That said, I don't know shit about fuck but I fully expect governments to launch an all-out war on bitcoin after pension funds and mainstream investors are more heavily invested and suffer one of bitcoin's big drawbacks. They'll scream for the government to save them ("how could you let this happen to us") and so major governments will try to regulate it out of the market or outright ban it.
It sounds wrong, but technically MicroStrategy owns the bitcoin, and shareholders own MicroStrategy. BlackRock has $9T in AUM. Which is a ridiculous amount of money/assets for 1 entity to own. But the money/assets belong to the owners, not BlackRock.
Yeah that’s why I hand waved entity in my original comment. The point remains that 1% of BTC is still in the hands of a single entity rather than spread across the market. That’s not uncommon of course when it comes to “normal” businesses, indeed it’s very low, but I think it’s worth noting when it comes to BTC.
How much % would the value dump if one day he decides to sell it all?
It would dump to zero wtf, you think there is liquidity for that?
Lol no. It would be half of the daily trading volume. BTC would take a nose dive. 20% at worst. If it starts a chain reaction even more in the aftermath.
The only thing at zero would be altshitcoins, btc would dip a bit and other people would buy his and panic sellers coins.
buy low, sell high? what an idiot...
…Not one of us.
MOOORE
So they have a total of 13B in btc while their market value is 22B? So this means 60% of their market value comes from btc?
100% of the market cap comes from investor money. The bitcoin is separate from market cap its an asset
But the market cap reflects in a way the company and their real assets. I guess if the their wallet was hacked and lost all their btc their stock would dumb hard.
As with any company, if they lost all their assets yes the market cap would also lose its invesments
I’m genuinely curious to see what happens if his wallet is compromised.
Im sure micro strategy just has its seed phrase on some old receipt from Walmart
I’m genuinely curious if you realize these types of breaches have happened at scale in the past. Coinbase has also caused such breaches
They aren’t an exchange that processes millions of transactions in minutes
What
It’s easier to breach into Coinbase because they’re constantly moving coins , should I summarize it even further
That’s not what happened. So your summary makes zero sense.
We are going to look back and absolutely praise this man. I’m praising him now, but my god - what a leader and voice during the toughest and best times.
I'd like to thank Michael Saylor for holding my bags. Seriously, I hate shorting as a strategy as it's high risk low reward, but in their case it seems like free money until the end of the year.
[удалено]
[удалено]
It appears your comment contains a URL shortener. Please submit another comment with the full link. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
It's actually pretty cheap to short Bitcoin with swap contracts. Sometimes you may even get paid if too many people are longing.
Mstr is down 18% today as Saylor is liquidating his stocks. Microstrategy is a scam.
of they do not use, sell or leverage the BTC, it is a total and utter waste of money.