Bitcoin Forum

Hey guys, I made a quick video report detailing the bitcoin ownership journey for MicroStrategy, who started as a humble business intelligence company to becoming a major stakeholder of bitcoin with a holdings portfolio close to 1% of the total bitcoin supply. I go over all of this and more within the video. Here is a timeline of major Bitcoin (BTC) purchase events in their multi decade history.

Timeline
In August 2020, MicroStrategy acquired approximately 21,454 Bitcoins.
In September 2020, MicroStrategy increased its Bitcoin holdings even further, acquiring 16,796 Bitcoins.
In December 2020, MicroStrategy bought an additional 29,646 Bitcoins.
In February 2021, MicroStrategy purchased 19,452 Bitcoins.
From April to July 2023, MicroStrategy acquired 12,333 Bitcoin and now has well over 150,000+ Bitcoins and counting...
 
You can watch the full video here where I describe each of the key events in MicroStrategy's lifespan in more detail: https://www.youtube.com/watch?v=YfHKOcsC39Q (https://www.youtube.com/watch?v=YfHKOcsC39Q)

There is no need to watch the video there since video consume data, if you want to see the total accumulation of bitcoin by the Microstrategy Company, you can check this thread for the comprehensive number of bitcoin that has been acquired by them in this year and other years. MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’ (https://bitcointalk.org/index.php?topic=5268108.920)

MicroStrategy was already a multi-billion company even before it started purchasing Bitcoin. 

It seems Saylor's MicroStrategy has a total of 152,333BTC. That's around 0.73% of the entire Bitcoin supply, which makes MicroStrategy the largest company owner of Bitcoin. However, if I'm not mistaken, this doesn't even count those coins that its owner, Michael Saylor, personally owns. There were news in the past that Saylor has his own personal Bitcoin stash, of course much smaller than his company's.

It seems like a couple of years ago he was owning 17,732 BTC while the company owned 114,042 coins:

MicroStrategy CEO Michael Saylor reveals personal BTC holdings (https://coinculture.com/au/people/saylor-reveals-personal-bitcoin-holdings/)

The article is written a year ago and references a Saylor tweet from October of the previous year, so we can assume that just as he has continued to accumulate Bitcoin for MSTR, he will also have continued to increase his personal holdings.

Wonder if Saylor will try and raise more funds to buy Bitcoin. You would think he would diversity a little and perhaps buy some ETH.

I think last time he offered shares for cash and used that cash to buy more Bitcoin. Crazy. Like I said before, in 10 years time he will either be known as the best trader out there or he will be known as the worst.

Hopefully he doesn’t start to scale out of these massive positions which wouldn’t be easy. Word would get out and people would copy trade him pretty much and it would be bearish.

Well, they're issuing more shares: https://cointelegraph.com/news/microstrategy-bitcoin-purchase-plans-750m-stock-sale

Decently likely that this is for them to buy more bitcoin.

Not sure about buying ETH though, BTC in itself is volatile enough; adding ETH adds more unnecessary volatility in my opinion. Also taking note that I don't think Saylor is even a fan of ETH to start with lol.

The Bitcointreasuries.net (https://bitcointreasuries.net/) website is useful of you want to check stats, documents of institutional investors including MicroStrategy.

The page for MicroStrategy (https://bitcointreasuries.net/entities/1) with Stats over time, balance sheet history. If you need to cross check and get some more information about their investment rounds, details, Buybitcoinworldwide.com/treasuries (https://buybitcoinworldwide.com/treasuries/) can help you with their filing document (https://www.microstrategy.com/content/dam/website-assets/collateral/financial-documents/financial-document-archive/form-10-q_08-02-2022.pdf) and holdings chart & purchase history (https://buybitcoinworldwide.com/microstrategy-statistics/)

The already rounded up that figure last month by adding another 467BTC to take their total.holdings up to 152,800BTC at an average price of,$29,672. So give or take they are still even on their investment and we are currently in a bear market, during a bullrun they are the best positioned to take profits. It will be interesting to see if they truly hold for 100 years or anything close to it as they first announced.

Here's a recap of their total business in Q2 of the year. (https://www.microstrategy.com/en/investor-relations/press/microstrategy-announces-second-quarter-2023-financial-results_08-01-2023)

I wonder what happened in 2022? Why did they skip a whole year... before they bought more bitcoins in 2023? The thing is, companies like this with a huge hoard are actually a threat to Bitcoin..... because they can decide to dump it all at once and it will cause a trigger affect in the market... with the price of Bitcoin taking a nose dive into the abyss.  ::)

We do not want huge whales, because we want a more even distribution of coins to millions of people... this will cause less volatility in the markets and the price.  ;)

You can assume that they have been accumulating bigger volumes of Bitcoin as time passes. Our point of interest here is only the fact that bigger volumes bought means bigger price rise in USD and we are not following when the selling pressure is occurring from this side. They do sell but we are not taking them into account.

What we should do is that buying and selling from our side should be given more importance than what they are accumulating. Rather sell when they are buying and follow your one suit about trading.

Keep in mind that whales data is often not trustworthy. Take it with salt and reduce the importance you give to that.

They just keep buying and buying... I wonder what the implications will be now that they're close to owning 1% of the total Bitcoin supply...

And how are they using their Bitcoin holdings to enhance their business intelligence services and products anyway?

They are relentless buyers. Saylor has basically turned his company into the first Bitcoin spot ETF. As for how he’s using Bitcoin to enhance his business services and products… I don’t think he is yet. He’s using Bitcoin holdings to increase the value of his company and allow for creative financing to purchase more BTC, thus increasing the value of his company more.

You have made a good effort to provide useful information but that effort is in the wrong direction because this information is already available on the internet. What unique idea you are trying to convey here. That's what i didn't get. But still, many people like me ignore the number to read and directly must have jump on the conclusions. So, keeping the number of BTC own by MS is also necessary.

I have some discussion on this topic like previous weeks. And, you should also mention how much BTC he had soled and when. According to my previous discussion with members i came to know that. He sold some BTC every year in the month of December to safe himself from paying taxes. You should also discuss on that topic too. Make your topic something unique add your own experience and try to come up with different information which is not available easily.

What I don't seems to understand here is the impact to which this made on the economy and bitcoin mining, microstrategy are well known for their ceaseless bitcoin buying from time to time which has also presented them as one of the giant holders in the world but we cannot denied the fact that they may not be the highest holders or investors of bitcoin all over the world , it were among the best holders.

Michael Saylor is a pro-bitcoiner and that is part of his reasons of being very bullish about BTC, i don't feel he has any interest in altcoins or Ethereum, and even if he wants to diversify, it will be better in other things that are not related to crypto.
I don't consider institutional investors to be a threat to BTC, they are buying because they want to make revenue, and it is unlikely that they will just dump all of their BTC's at once, and even if they do, it doesn't mean that BTC is going to collapse, yes there will be a major dump in price and an opportunity to buy cheaper BTC's before everything goes back to normal.
It is a free and permissionless market, so what 'you' want does not matter :P, anybody can buy BTC when they want it and in the amount that they want. Retail investors are even weaker hands than institutional investors and they cause many of the price dumps because they panic and sell for any minor negative event.

Over 150k? Wtf? The company has almost $5 billion in btc, that’s a very big number. Hopefully they won’t sell this in the short term and hold them for long long years so they can make great profits in the future. Imagine how much money they will make when bitcoin goes above $100k, that is more than $10 billion in profits. (As far as I know their entry price was around $30-35k) The good news is, small time holders like us will benefit from their holdings too. It is a win/win situation for everybody.

They have been accumulating bitcoin with DCA and do it gradually many months. They are an institutional investor and they know how to take profit to maximize their profit. They will  not dump all bitcoins they have because of two biggest reasons

• It will affect Bitcoin price on the market, consequently affect their profit.
• They don't know where is a next Bitcoin all time high, where are tops because they are not the only whale in this market. Therefore they will take profit averaging to avoid mistakenly taking profit too low.

If there is one company that makes me extremely bullish on BTC its MS. They just buy buy buy, there is no stopping that train. Saylor is sailing in the BTC!!! Its definitely cool seeing that kind of confidence, from a CEO. He is giving other investors exposure into BTC that don't necessarily want to invest in it directly as well.

MicroStrategy has profit from their operations and Michael Saylor decided to use his company return to buy and invest in Bitcoin. The investment capital will be lower or bigger if their company has more income, more profit or they receive more capital from their share holders.

I see that with their pioneer to invest in Bitcoin for institutional investors, their company will receive more new capital sources and they will become bigger.

Will their investment in Bitcoin amount become bigger or smaller than the avegare so far, I can not predict it as it will depend on capital they use to buy bitcoin and price of Bitcoin in future.

What is the point in discussing the total micro strategy total Bitcoin accumulation over time even though micro strategy is one of the major institutional investors of Bitcoin in recent times, but then also we have to note that micro strategy is a whale investor who is all in for the long term advantage of their investment.
So for bitcoin and micro strategy, it is business as usual it for the benefits so what they need for us to discuss their total Bitcoin holding since their already accumulated thousands of Bitcoin without any sales which show their long-term prospect.

It is good for the network when institutional investors like MicroStrategy and Michael Saylor purchases a lot of BTC, it can affect the price in a good way if they continue to buy, but i don't think MicroStrategy is giving BTC anymore exposure than it already had before they started buying BTC, and i don't think one should buy BTC because MicroStrategy or Michael Saylor bought, they should buy BTC because they have done their own research and believe that BTC is a good investment for them.

Considering the fact that MicroStrategy is a leader in business intelligence for worldwide services as a centralized platform and doesn't see any plans of slowing down soon, it is good to see them also invest in Bitcoin which is a decentralized blockchain backed cryptocurrency. The company and Michael Saylor must foresee a myriad of blockchain applications related to business intelligence available to Bitcoin users, starting with the blockchain network itself. As a 1% stakeholder in Bitcoin, it would be interesting to see if MicroStrategy continues to build out the Bitcoin ecosystem by empowering existing users with new tools, software, data and analytics that could make the network safer, scalable and secure over time thus increasing the value of Bitcoin as a result.

A lot, more than any other company I would say. And they don't have to buy more, they just have to make it a utility so that the demand increases naturally instead of them trying to create a market pressure and buying it. If they spend that money to hire Bitcoin Devs which can create amazing products for them, that will be much more beneficial in the long run. They now own almost 152,333 Bitcoin which is worth $4,127,000,000. Spend 1% of that for the actual Bitcoin development and it will be so beneficial for them.

The network only can be supported if people run more Bitcoin full nodes or more miners join the network and increase total hashrate of the network as well as config their mining rigs to different mining pools with thoughtful consideration on what pools to participate in. Because with more full nodes, the Bitcoin blockchain will be stored more decentralized and more nodes mean more decentralized validators of Bitcoin blocks. Choosing mining pools with intention to avoid very big pools will help to reduce risk of 51% attacks.

It is about risk of price impact when big institutional investors like MicroStrategy sell their bitcoins massively. However, if we talk about selling, we should also mention about their considerable impacts on price when they are buying massively in the past.

Is it fair if we only discuss about their selling impacts and skip or try to hide their past buyings which help Bitcoin to rise up a lot?