Bitcoin Forum

Michael Sayor just Tweet that his company, MicroStrategy has acquired additional 7,002 Bitcoins for the price of $414.4 million USD, bring their total holding to 122 044+.

Let's look at the profit they've made so far

The 121,044 BTC was acquired with the total Investment sum of $3.57 billion at the average price of $27,534.

Now, let's assume they decided to sell everything off at the current market price range of about $60,000.

Update: I know the current market price is 48k. I'm speaking in the general sense of the current price range. In other words, if they decide to sell at the next bullish movement to 60k which may likely happen before February.

That wound amount to:

$60,000×121,044 =$7,262,640,000
= $7.27 billion Approx.

Subtract: The Investment capital from the current value

$7,270,000,000 - $3,570,000,000

Total Profit so far: = 3.7 Billion.

Remember, they aren't selling yet. Going by the current market trend, the profit could double to $7.4 Billion before the next year runs out.

Advice: If you really wants to make it big in Crypto, HODL without let up until the price is right for you.

Psst, buddy. The price isn't $60,000.

I know the current price is 48k. I'm speaking in general sense of the current price range. In other words, if they decide to sell at the next bullish movement to 60k which may likely happen before February.

For clarity, I'm going to add this comment to the main post.

Thanks.

At 48000 (current price), profit is: $2.060 112bn, I'd be OK with that.

Maybe consider too the volume of liquidity on exchange orderbook. Its very impossible for them to sell-off on a single price without triggering the exchange bot to sell-off too as a reaction to there sell pressure. We are talking about a 100K Bitcoin here and we all know how volatile the market is. Maybe you should assume a much lower value to the current price if you want to assume a more realistic profit for them.

Even CZ become the richest person in the world if we consider that crypto market is not volatile tho.

Nothing wrong with billion-dollar profits here.  ;D Anyway, the OP is just saying that if they will sell at $60k, he knows that we are in the 48k level. People are indeed greedy if they are not happy with billion dollar profits. Well, that's to be expected. People want more as long as they see the probability that they will get more. Curious if Microstrategy is still buying at this dip just like El Salvador. For those small users who want to take advantage of this opportunity, they can very well buy some during this price drop and don't regret when the btc price starts to ramp up again.

I wonder why hardly anyone is talking bitcoin in sync with Satoshi.
Bitcoin thru this hardly recommendable attitude is on its way to acquire the synonymous value of plain greed.

With a volume of around $40 billion per day in Bitcoin and sometimes even more than that, it would require them to do a couple of transactions spread out over maybe a week or so I guess? That wouldn't hurt the price much or do you think otherwise? They could use several exchanges and slowly sell into some momentum. Nobody would dump 100,000 BTC straight into the market with one move anyway, unless they have some very important information! :D

If you're hodling shitcoins, you are losing value every day. Those DOGE buyers are sitting and waiting for the pump that could never come, because even now that shitcoin is insanely overpriced.

Anyway, what's so special about Saylor's investment, beside its size? Other people, who entered way earlier and hodl, have made much higher returns of investment. People like Winklevoss twins. But they don't post about it on Twitter, so no one talks about that.

Companies and some individuals are hoarding Bitcoin for future purposes. We ain't seeing/hearing them selling as they keep it quiet but we don't know yet. But that Michael Saylor and the Microstartgey aims for something big and they really do in (almost) perfect timing like buying at this time. I'm not in surprise but instead, I was overwhelmed that we got this support.
Well, I know they will and I just hope that they will keep their keys/passwords carefully as they are now the possible target of these hackers.

I believe the Bitcoins are sitting somewhere in multiple custom made Cold Wallets tucked away into a hardened Central Bank Vault.  ;D

Hacking would be completely impossible

Why do you claim that something happened yesterday, if that tweet dates back to November 29th? This is old news and you have several threads in which it was published.

https://i.imgur.com/Fkke6RC.jpg (https://twitter.com/saylor/status/1465305537210458115?s=21)
https://twitter.com/saylor/status/1465305537210458115?s=21

https://bitcointalk.org/index.php?topic=5268108.msg58568797#msg58568797

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Total profit so far = $0. It would be more accurate to call it unrealized profits.

I don't get it. Where did I say it, anywhere in the thread, that it happened yesterday? Or you just inserted that to make your point?

This is not a news update. The thread is about highlighting the potential profit that has accrued in their $3+billion investment. We all know where to read news if we want to. This place, I think, is where we discussed anything and everything about Bitcoin, and that's exactly what this thread is about.

As I'm ignorant and I'm not supposed to be up to date with the news, so I'll ask the following question:

who are the shareholders of MicroStrategy? I know Michael Sayor owns or partner, but does he own MicroStrategy alone or does he have more partners?

i'm asking this because they must be super rich people to always be buying multi million dollars worth of bitcoin and from what i see they haven't sold anything since they bought it or am i mistaken?

I just hope he continues to be great for bitcoin. Let’s pray he has strong hands as we enter the next bear market because if he starts dumping in panic it will be bad.

Afaik I think they're defined as an analytics, financial services, IT services and consultancy/intelligence firm (apparently founded in 1989). It's possible they're invested in bitcoin to just advertise their services in a few different ways also.

the latest acquisition: 7k coins at 400mill = $59k a coin

if he is willing to buy those MANY coins at $59k each, then he is not going to be willing to sell any below that price. else why buy soo many at a higher price.

if your a retailer buying wholesale bananas last year at 27 cents. and then this year still willing to buy banana's at 59cents. why would you then sell all your stock of bananas at 44cent.. when you could have not bought any of the 59cent bananas and just sold all your 27cent bananas.

That's everyone's hopium. But I know they'd have to send some time in the future since these are just investment that they want to pay off in the long run. They'd have to take profits at some point right? Hopefully when that time comes, we'd be far gone in our mass adoption quest that their sales will have little to no effect in market movements. But from one I've observed so far, Microstrategy is betting big on bitcoin and might not sell anytime soon.

One of the biggest whales in crypto, with the whales continues to accumulate bitcoin for long term, I really believe that owning at least 1 bitcoin will change our lives in the future. We will probably be one of the millionaires in bitcoin if we own at least 1 BTC because eventually, bitcoin will reach $1 million which is a huge target but likely to happen in time.

It's actually a rather sad thing for the future of Bitcoin, because the more financial whales that exist like this - the less volatile it is going to become in future because these players are running their own financial games. If more companies like Paypal were to get involved in the market and build their own internal ecosystem, it restricts the amount that are left over - which they will eventually buy up and remove from free circulation potentially forever. Instead of being a driver for innovation, it will become part of a walled garden that is controlled by banks or other institutions, who instead of making use of the blockchain will simply create an interface on top yet still reap transaction fees without moving any bitcoin around.

Your thread is dated December 5, 2021, and you start it with the next sentence :


I used that quote in my previous post, so it’s not clear to me what “just tweet” should mean in your notion of the time when something happened. The news originally appeared on November 29, 2021.


Completely irrelevant, given that there is a thread that monitors MicroStrategy's investments and in which, among other things, all relevant information can be found.


I understand things the way it is right, because MicroStrategy holds Bitcoin which it claims it has no intention of selling because it considers it superior to fiat. People like you who are obsessed with profit can hardly understand the essence of Bitcoin and what Saylor says all the time.

MicroStrategy, has been one of those companies that I’ve seen that are seriously supporting cryptocurrency. They keep buying Bitcoin even at a time that I would least imagine that they’re going to do such. This goes to show how they strongly believe in Bitcoin, and that will as well motivate other companies to do the same things and invest in cryptocurrency. It’s nice to see that they have not even sold the coins that they invested in, and they are ready to hold for a long term with the way I am seeing it.

Other companies should as well try to look into the future just as MicroStrategy has been doing for long now, they should know that in the future that Bitcoin is really going to be worth a lot of money by then, and only those that invested in it now are going to benefit from it.

I believe that buying bitcoin as a mega corp is not done to support but for plain greed. It is harmful for the movement almost equal to the deeds whales commit.

People like Saylor think long term so short term price action means nothing to people like him. Most people panic & do nothing when the price goes down or even worse, panic sell. Chads like Saylor buy & have no emotion during times like this. He is thinking about the long term future.

as well as in every market, the rich also have an advantage over those who have little money and the richer they buy bitcoin, the more other rich people and large companies will follow the same path, so in a way this helps bitcoin itself because hundreds of rich people are buying bitcoin then governments will also look good on bitcoin, let's not forget that the rich and powerful run the corrupt politicians who rule the countries

Right.

Michael and his cohorts are doing the right thing. They don't mind the dips and corrections but instead of being disappointed, they're taking advantage of buying more.

He planned it well and sees the future with what he's doing.

You’re right, Michael Saylor is truly a chad more than people in the forum believe. If everyone listened more of what he’s been saying, Bitcoin actually has utility for his company. Microstrategy is using Bitcoin as a hedge to the revenues being reduced by policies of the Federal Reserve.

Imagine if bitcoin price is 100k to 500k in the future. Saylor company would probably one of the greatest gains in business. Im sure many will fomo when btc started to move fast. In a time like this, many are probably loading up their bags so when the time comes thry could gain a good profit. Saylor as investor is one example of a long term player and will likely avoid any fud about btc without having any nervous breakdown.

Yep, and this is what other companies that might be investing on bitcoin wanted to get out of it, being an hedge. Although it's a gamble, I should say, but nevertheless, it's a calculated risk since bitcoin has the tendency to go up ten folds in the future. And this is what Michael Saylor and those who are quiet in the background that invested on bitcoin is thinking, ahead of the time and ahead of the competition.

He is accumulating bitcoin as he knows the true potential of bitcoin. I am sure there are many investors who are silently holding bitcoin. It does not matter for us who is holding bitcoin and how much they have invested in bitcoin. What ever they are doing, they re doing for their own benefit.
What matter here is how much you and me are accumulating bitcoins. The more we have bitcoin in our wallets, the better it will be for us.  :)

On CNBC yesterday they posted a stat of all of the publicly traded businesses that have significant bitcoin holdings and of course Michael Saylors Microstrategy was number one. They posted it almost like as a way to mock these companies due to the big dip. We shall see who will have the last laugh.

It is easy to imagine the opposite situation, what if the price of BTC for some reason is $10k or maybe a little more than that? Some will have a very good reason to point the finger at companies like MS and laugh at them for their moves. Even now things are not great for the company, their share has lost 19% in value, and the value of BTC they have lost as much as 50%.

I’m not saying it’s stupid to invest in Bitcoin, but it’s not wise to keep all your eggs in the same basket.

Im Hm, Michael is not at all doing well in this bearish trend.

Man, just look at the figures at this very moment. I mean he bought at 59K USD, which is worth some billion and its now cut down into half directly.

If he would have waited little bit then he could have had double the number of bitcoins in his wallet. The thing is everything is uncertain in the crypto world and this is the best example of it.

I always say, examples like these are million to billion dollar LESSONS for us. Even if you have pennies or billions, its all about the timing and analysis at which you trade your money.

Be smart, patient and visionary when you are going into bitcoin world. Dam!

Sure, Saylor has understood bitcoin so he dared to hold so many bitcoins. If you look at the current price and some of the tweets that were written, of course, if you calculate it, they have lost a lot. But if they have enough funds and they believe Bitcoin will rise again as predicted then they will also get a lot of profit. I hope they can hold on to it, but if they buy again and again they may become Whales, maybe they are planning to move the market. With that much bitcoin I think they can hold or increase the market for a period of time.

Actually some brand him like either stupid or a genius for his move. Im somehow understand what you mean, but of course they settled for the best one. Like all or nothing approach. Cant blame him, possibly he is not fan of altcoins. I am more inclined towards altcoins but we cant deny the fact that btc is a major coin that affects every coins out there. Once it move up, most of the coins pulled also, likewise when its down. Im sure Saylor wont let his ship sink without even thinking the possible consequence.

Nobody is doing well in this bearish trend. But there are two kinds of people who are not doing well in this bearish trend. There are those who feel down and give up. And there are also those who feel down and made the best of it. Those who are somehow depressed and fearful that the price has gone down a lot, wallow on it too much, end up selling at a loss. But those who are worried of the price drop and then start to look at the bright side of things are making the most of the trend, stacked more Sats, and successfully lowered down the average cost of their acquisition.

On the contrary I would say he has done right thing as he is not selling them in near future and in the long term the prices will surely rise and past beyond $58k range also so his profits automatically will show up on the balance sheet so this won't matter at that time.The market was uncertain and who have thought it could go down to $35k also? But still the main part was he invested in btc and you will see his profits in the long run.We can't be sure which is the lowest point so we make mistakes but if profits are coming then it won't matter.

Michael Saylor is a HODLer. I believe he will find better ways to use his Bitcoin when it surges to six digits, or more. Saylor will be the person world leaders and business/financial giants will talk to if they want a facility for censorship-resistant world trade. He might actually become a trillionaire. Chad-Saylor.

Currently he is one of the investors who may bitcoin hold quite a lot, and this is a form of his belief in bitcoin which in the future will benefit him and his company, besides MicroStrategy (Michael Saylor) there are several other large institutional companies that also have ownership bitcoin is quite large, namely:

1. MicroStrategy : 121.044 BTC

2. Grayscale Bitcoin Trust (GBTC): 645.622 BTC

3. Tesla : 42.902 BTC

4. The Tezos Foundation: 17.500 BTC

5. Galaxy Digital Holdings : 16.400 BTC

6. Voyage Digital Ltd : 12.260 BTC

Source : CNBC

The average price is increased from $27,534 to $30,160 But yeah he is still in profit.

Source: (https://blockworks.co/microstrategy-buys-1900-more-bitcoins/#:~:text=The%20average%20price%20it%20has,average%20price%20of%20about%20%2459%2C200.)

It will be illustrated in next two bull cycles that Michael Saylor’s risk in Bitcoin during 2020 and 2021 will be one of the biggest generational wealth creating investments in history. Cornelius Vanderbilt. John Rockefeller. Michael Saylor? It’s a laughable comparison today, but what if he becomes a trillionaire through Bitcoin?

A question that anyone can ask "what if - and what if not?" Although most members of the forum are highly pro-Bitcoin and believe in its success, none of us are prophets or see the future so we can know what will happen in two bull cycles or after the next two halvings.

I have no doubt that Bitcoin would be able to reach some insane price for us today by the end of the decade - but I also know that it is on a very slippery slope when it comes to the most powerful nations in the world. China has already made its moves, Russia has strange ideas to say the least, and all these banning stories should not be ignored - and the US also has very big proponents of some crazy regulations or even bans.

I know you don't see this as a problem because Bitcoin continues to operate despite any bans, but it's not the same if it operates in the realm of legality and accessibility for all people (or at least most), or if it has to move underground beyond the reach of government.

No one want to donate his money for nothing or for something where no one can benefit. People like him invest in bitcoin because they know the true potential of it and as we can see he still continue to invest heavily. It looks that they are sure that bitcoin will bring them a lot of profits anytime soon.

Not all investors will tell the world they are investing because they are also scared to what can happen to them but seeing some famous personality invest huge in bitcoin can gave someone a confidence or motivates them to do the same so things like that do matters too somehow because the whole bitcoin community can benefit with it.

That’s true, but wouldn’t you agree with someone if he/she said that “we are still early”?


I believe that from a game-theoretical standpoint, if Russia starts mining, or starts allowing Bitcoin mining, China will have no choice but to mine Bitcoin/allow mining too, https://bitcointalk.org/index.php?topic=5377182.msg59104736#msg59104736

It depends on how someone would interpret the term "early" in the context of Bitcoin if we know that some 12 years have passed since the Genesis block. For some it is a lot of time, for others we are still at the beginning, for me personally we have crossed more than half of the most important path that began in 2009, and will approach one version of the end around 2030 when 99% of all Bitcoin will be mined.


Just assuming that China admits at some point that Bitcoin is important to it, which is very likely not to happen given their political structure. Consequently, it be really stupid if China first banned crypto mining, waited for the US and Russia to position themselves with more than a 50% hash rate, and then jump back into the game? Bitcoin cannot be officially approved in any communist country, or those countries that strive for absolute control, so I don't know how you imagine that China will change its mind?

It makes me really thing of an answer to this question: when is really the best time to purchase BTC?

I mean, due to its inflationary value and limited supply of 21 million, most people would view it as an investment whether for short or long-term. But in this case, where its price continuous to fluctuate, I really do think that the best time to purchase would be the day when you have the means for it. Long term HODLing can somehow guarantee large amounts of returns if invested properly.

With this acquisition, I think it is also noteworthy to mention supply and demand. If he does indeed, sell all of his BTCs, the price on the market may somehow change with the given increase in circulation.

In the context of adoption, would you agree, or disagree if someone told you that, “We are still early”? Or you probably believe that Bitcoin, as a protocol, as a technological breakthrough, has climbed the highest peak it can reach?


Why would it be stupid if it made sense from a game-theoretical standpoint?

Even if they happen to sell in the future, we now know that MicroStrategy has become part of the cryptocurrency market/community, and if they sell it, there is every possibility that they will be buying back again from the market. It’s good how we are now having lots of big and strong institutions who have strongly become part of the crypto community and now backing it. The good thing about these institutions is that they don’t mind the condition of the market, whether it is a bullish trend or bearish trend, they are always out to keep buying Bitcoin, and we should also follow this step to buy now and HODL.

What you said is true, no communist government would allow Bitcoin to function in their country. In a country where the governments wants to have complete control over everything and not allow people have total freedom, so Bitcoin wouldn’t  work out. The main aim of having Bitcoin is giving people access to freedom.

I have seen countries where people were able to go against the government through Bitcoin. Just like the ENDSARS movement/protest where the government tried to silence the people who were protesting and they were still able to continue funding their protest against the government through Bitcoin. Such a thing would be a communist government’s worst nightmare.

Of course, adaptation is still at an early stage if you mean ordinary people who still haven't figured out (and some never will) what Bitcoin is. But you first compared some rich people from the past and Saylor who according to you could make trillions because he holds 100k+ Bitcoin, now you ask a completely different question...


I don't know what kind of games you mean, but for me, there is not much logic in your obsession with China, which according to you will have no choice "but to pass Bitcoin / allow mining too,", as if Bitcoin is something China depends on or will depend on in the future. From the perspective of mining profits, even if China has 100% control over Bitcoin mining, total mining profits + fees are trivial compared to what China makes from exporting its goods and services. China does not need Bitcoin, nor is it interested in anything other than making its bans work.

The context is of everything. The fact that “it’s early” in adoption, early in “defining” what it truly is, early in “knowing” its true implications to nation-states, makes its current price/market value also in the early stages. Do you believe price will crash to $10,000 as adoption expands?


If “some nation-states” utilize a technology to take advantage of “other nation-states” that are not using it, do you believe the “other nation-states” will not try to utilize the same technology to neutralize the advantage of “some nation-states”?