Bitcoin Forum

Michael Saylor bought around 5,445 more BTC. At an average price tag of $27,053 per Bitcoin and the total investment is around $147.3 million. Which is a big milestone in the adoption of BTC. We all know the adoption of BTC is increasing day by day. This is a good news.

Now the total holdings of MicroStrategy is around 158,245 BTC which is worth around $4.68 billion, bought at an average price tag of $29,582 per Bitcoin. This also shows that DCA is better for long-term investments. But we have also observed a pattern in which MS sell their some funds in the last month of the year to save themselves from tax.

The amount is not that much, but still, if it will be used for holding purposes then the demand will increase oversupply. Simple as that. How many of you found it a good news?

https://bitcoinmagazine.com/business/michael-saylors-microstrategy-buys-5445-bitcoin-147-3-million

It is a good news as to how fast this would also steer other organisations to adopt Bitcoin and also making it a payment option to their businesses. So far, this is the only organisation I have heard and seen online that are fully into supporting the Bitcoin evolution. Their purchase of Bitcoin is someworth having a positive impart on the other businesses leading them to follow up step of micro strategy as they are doing. I can boldly tell that this step taken by them would definitely yield positive results in the nearest future and I must say this that come bull run next year, they are aiming for a huge amount of profit as a return for their consistency in the investment on Bitcoin.

Buddy i would say its a big news in postive way when any millioner come on social media and admit the statement they have invested thier big amount into BTC this thing bring trust in other people. Which makes BTC more adoptable and trustable. By seeing these kind of news somehow other organizations also approach to invest thier funds in BTC.

These things makes hight demand of btc which also cause increase in price. This news also relates to bull run for next year because when any know millioner or billioner personalities admit these kind of statement officially that makes positive cahnges in market.

Just reminding that these news should not be considered as a buying signal. Historically, BTC pretty often is going lower soon after massive Microstrategy purchase. It have pretty much no impact on the price in the momentum and only indicates that one of the major whales is becoming  bigger.

Is this good for Bitcoin? Let's forget for a moment the positive impacts on bitcoins whenever Microstrategy buys Bitcoin and think for a moment to think overall for the community if this is bad for one entity to hold so much Bitcoin. I looked through the company's profile and found out that their shareholders are mostly big investment companies. Well for worth is worth, their stock price would keep increasing that way, they can get more money to buy more Bitcoins.

Admittedly, it is a coincidence that every time Microstrategy announces the purchase of more bitcoin, the market will continue to decline over the next few days.

Their buying of bitcoin has become familiar to us and I think no one will see this as a good sign to buy in. But I also don't consider this a good sign every time large institutions buy the majority of bitcoin, this will boost the popularity of bitcoin but this will make bitcoin increasingly concentrated among the wealthy. The fact that large institutions buy and accumulate the majority of bitcoin is both beneficial and harmful.

Micro Strategy won't buy Bitcoin forever, they will sell it to take profit or just to take part of their investment capital back when they need cash for their business.

More details of Micro Strategy (https://bitcointreasuries.net/entities/1) investment history in Bitcoin.

They got more new capital from investors and they used part of those new capital to buy bitcoin. If their new capital flow is broken, they will stop or reduce their intensity of Bitcoin buying and they will sell in either of possible scenarios aforementioned, taking profit or needing cash.

I don't quite see the conclusion you're drawing, it's neither a big milestone in what MSTR is doing which has been doing DCA Bitcoin for a while now nor do I see that supposedly helping adoption. When we talk about adoption we talk about more and more people using Bitcoin and this is the same billionaire buying Bitcoin through his company as he usually does.


If you saw that the price pretty often went down after I farted, would you also say that me farting is not a buying signal?

I'll put it another way: past correlations are of little use in guessing the future and if they are of any use at all it is because the sample is large and there is more to support the hypothesis than a certain regularity in the sample.

Honestly, I don't really understand the correlation between BTC price and Microstrategy buying BTC. Many people say everywhere that if MSTR buys BTC it means there will be a price drop in BTC. But let's draw a straight line properly. Isn't this great news, a large institution is buying and Hodl BTC. As long as these institutions/companies buy and hodl, it means that BTC is increasingly popular as an investment which will have the impact of increasing prices in the long term. Plus BTC has limited stock and will also face the halving?

There is not as I explained in my previous comment. Or put another way there can be all the correlations you want to make up if the sample is small and there is nothing more to support the supposed correlation than one thing has happened after the other a majority of that small sample of time.


Well, the purists would tell you that Bitcoin was not designed for centralized mega-entities to go hoarding, no matter how much of a Bitcoin influencer is at the helm.

Good or bad  news is always a matter of perspective. In my view it would be better if those thousands were bought by small investors. Bitcoin consolidation in a few pairs of hand is not quite good  as it creates base for potential market manipulation with the intent to  rob the retail holders.  Holding of 158,245 BTC leaves manipulation wide open.

This is yet another piece of positive news for the bitcoin community as MicroStrategy, a big company, continues to add bitcoin to their portfolio. This will raise awareness and interest in bitcoin among those who have trust in such companies. They are taking full advantage of the market to acquire additional bitcoins, which will result in a significant profit for them in the future. They've bought another 5,445 Bitcoin for a total amount of $147.3 million. I wouldn't be shocked if they add more before the bull run; they've expressed a strong interest in this project and are working hard to complete it in order to increase their earnings later.

In fact, the Bitcoin adoption of these big whales organizations looks good. But here I see something a little different, Because the more Bitcoin adoption these whales have, the more they can try to manipulate the market.
Perhaps the adoption of Bitcoin by such a large organization may increase interest in adoption among the public, but this is how I see it. I don't think large scale Bitcoin adoption will only be good for these big institutions, but instead I think large scale people adopting Bitcoin will be a plus point for Bitcoin and the cryptocurrency industry.

The only way to manipulate Bitcoin price is need all the existed Bitcoins, 150K BTC that Micro Strategy hold is still far from 19 Millions.

It's true they might announce they sell their coins or buy more coins, or their activity are been watched by whale alert. But if people are concerned about huge amount of Bitcoins moved, it's safe to assume they're not a real Bitcoin holders as they can't trust with their own decision.

I still don't understand this correlation. However, what I am sure of is that this happened naturally, where BTC had to fall in price to coincide with the MSTR buying action.


Large companies like MSTR make purchases and hodl BTC, which does not necessarily mean that their goal is to make a big profit when the value of BTC rises. We don't know for sure what MSTR's intention is to just buy and hold (in the sense of investment), or whether MSTR make it buy and hold so that later they will also adopt BTC and its technology into their company (here adopting means accepting blockchain and BTC innovation and then implementing it in the system company). Of course these two directions will have different impacts on the value of BTC in the future.

We also need to be aware that this action taken by MSTR could also backfire if BTC experiences a sharp price decline which could affect MSTR's liquidity.

The rate at which microstrategy buy their bitcoin is fast increasing as ever because they have always seen opportunities in doing so, most often, what we only hear is when they make move on buying more bitcoin and we hardly heard about anything concerning if they sell or release any, they understand the market potential with bitcoin and just as this October had already been viewed by many, there's more indication that the market may rise and make some changes to pull out of the prolonged dip, this is another additional benefits on microstrategy for holding more additional bitcoin for profitability.

I think buying bitcoin in such large quantities will give MicroStrategy a huge profit when the bull season comes, but not give us any profit. But why do people feel so happy? I agree that large institutions and corporations participating in bitcoin holdings will create more popularity for bitcoin, but if they only focus on profits and are willing to dump bitcoin when they reach their profit target. Is that still a good thing for bitcoin? And they will do it again and again, they will manipulate the market to their will, is that good?

he is not DCA'ing on a regular basis.. he is sporadic inventing. randomly buying at different times of the year with no pattern

Not that much for him, but Jesus....I'd never have to work another day in my miserable little life if I had that much bitcoin (lol). 

I'm not so sure about your assertion that Saylor's purchase is going to have an effect on the supply/demand curve.  Bitcoin has gone up a little bit since this news, but the market cap is such that there would have to be a massive, massive purchase made in order to have an effect on the price.  Plus Saylor isn't the only person or institution out there with deep pockets buying bitcoin, so I'm indifferent.

Anyone know what his endgame is as far as how much he wants to acquire?  I'm not sure if I've ever read anything about that.  The way he's going, it's like no amount of bitcoin is ever going to be enough for him.  I kind of admire that, though I still have questions about his use of MSTR's money to make the purchases--but the shareholders don't seem to mind as much as I thought they would, so presumably there's not much of an issue with that.

Well, this news can go both ways; positive and negative. For the positives, this can cause a lot of buzz in the market and probably investors can follow his footsteps and purchase which might lead to an upward movement in price of Bitcoin. As a major player in the Bitcoin world, his influence could help quell FUD.

 And for the negative? There's no way the need for market manipulation won't come into play as he has purchased a total of 158,245BTC. Saylor has the belief that buying one Bitcoin gives the holder an ownership of 1/21,000,000 of all the money in the network and while some might say he's making such a statement from an investor angle, I feel if there's a way to hold Bitcoin for a select elite, he'd do it.

That guy is truly a Bitcoin enthusiast and he trusts Bitcoin a lot. He may accumulate more Bitcoin in future and I believe that average price of $27,053 is awesome price tag to acquire that many Bitcoin. Surely Bitcoin's price will go much higher during the next bull run and he will still hold his Bitcoin investment. I believe that he'll sell some Bitcoin during the peaks of the next bull run and that way the share price of the MicroStrategy will continue to grow in value if his investment grows during the next bull run.




Very true, if he was following the DCA strategy then he would acquire more Bitcoin each week or month but if we see his investments then they aren't taking place each week or each month. I believe that the guy buys during the high intensity dips and whenever he sees those dips he accumulates more Bitcoin. That's what we can guess right now because we don't really have details about the pattern that he follows.

This is some good positive news in the Bitcoin industry. Michael Saylor has taken a step to position himself when it comes to the matter of Bitcoin. But if we look at the market graph, it doesn't seem like it had an impact on making Bitcoin rise a little. Maybe not yet, maybe so.

However, it is possible that Saylor will help in the coming months, as long as what is important now is that those who are trying to save Bitcoin for the future are sure to have a harvest at the right time of the bull run.

Okay, whenever Saylor buys, the price starts to decline. This has been a trend in the past so we can clearly see how the price is floating around $26k and can now go back to the $20k level which is such a great price to buy Bitcoin and HODL for the upcoming bull run. It's great that he's still believing in it and wants to keep this stack balanced by buying at these prices. Good for his company in future, today he might be looking a like a clown.

That's stupidity at it's core, do you know that many companies have grown bigger because they are build with Bitcoin as their backbone? As Bitcoin grows they also grows, they will take profits but they will always have some Bitcoin, if not, this whales of today won't be whales in crypto space, many early Bitcoin buyers still holds Bitcoin till now, and that's why they are multi-millionaires.

Micro Strategy is too smart to dump all their Bitcoin and they aren't the first Bitcoin whales, there are so many Bitcoin whales that the world doesn't know, that's because they aren't running a company like Micro Strategy and we only know them by their Bitcoin addresses.

Forget about Saylor, there are many Bitcoin Jesus out there that wants every piece that they can get their hands on, it will be harder to buy Bitcoin at this prices in future, Saylor knows better than this, you forever dumps, your chances of buying back lower is slim, look at the past history of Bitcoin, I am sure these people are doing the same.

The company has found a reasonable reason to keep allocating such an amount of funds into Bitcoin from time to time and we can discredit the fact that this is good for the price of BTC mid-term and long term seeing such a significant amount of money melting into Bitcoin. The Big Whales will always want to play the dominant in the game and I kind of see or think that this is the angle at which Michal Saylor through Micro strategy wants to play to position the company in this industry.

In my opinion, it's good news, that more money is invested in BTC and more BTC will be on hold and you are right about the demand and supply relation. High demand will definitely cause the BTC price to move it up but you also mentioned they also sell some funds in the last month of the year to avoid taxation.

Maybe that's why to maintain the last BTC holdings they bought more so that when they sell, so the holdings remain the same, and the share of the company and of the holders of their company share won't fluctuate. Due to the selling. I mean they might bought these BTCs to maintain their books so that when they sell books still remain clean as well as the shareholders.

You definitely have a valid point, and I did not notice that when they buy BTC market starts to decline, I doubt what would be the cause of it, I did some research but did not find anything useful, I hope you will elaborate on why it happens.

Of course this is a good news to me and all the bitcoiner, indeed Michael Saylor had taking a boldly step towards Bitcoin, Michael Saylor at this stage surprised so many people at the current price of bitcoin, this alone serve as a motivator to those who want to buy like him but due the fact that the market is not clear they relent. I'm really excited see this happening, assuming I have more than this I will buy more but still I will start from the little I have.

He is accumulating BTC with his DCA strategy. Good for him! But the amount he is holding is alarming, to be honest. Just think if his Twitter account got hacked and the hacker posted a tweet saying, "I am selling my bitcoin." What will happen then? Their intention is to have more publicity and influence over the market. Otherwise, they won't make a public announcement every time he purchases bitcoin.

They are a company and they have obligations and compliance that needs funding for it. And as they buy, it is expected that the time will come that they have to sell some or most of what they've accumulated. We just don't know when they're going to sell, it could be by the next bull run or so. But do not be surprised if they keep on buying and continuously in that form because they know that this is still a young market and they can earn a huge amount of profit when the right time comes. And every time they're buying, the media is quick in covering them so as the time that they would sell.

Saylor is a business man abs he is using bitcoin to store his funds from depreciation, this is why he keeps on buying bitcoin at lump in different period if time. What I like in his accumulating strategy is that he always buy at the right time, just like he bought now that the price  is 27k according to the information.

I don't also think that Saylors bitcoin purchase will have any big effect on bitcoin price and I wouldn't also say that the little change in price was based on his purchase, because for sometimes now the price of bitcoin has been fluctuating within 26k+ to 27k+

He is a business man and I don't think that the shareholders will say anything on his high purchase of bitcoin because they are all bitcoin lovers and the have seen the potential that bitcoin has. What all investors care about is profit, as long as the profit will come they wouldn't care.

However, it might not be a coincidence. I reckon in moments when the market has low activity, this is where Saylor begins to buy which causes small pumps on bitcoin.

I am also quite aware that this news is bullish but reality has shown that it might only be Saylor who was buying from $25k to $27k with size. After he stopped, the price declined.

Or a late dump news. This announcement always come with a dump after being thrown on social media and news as always. Not really sure if they reporting it updated or not but it seems theres a contradictory on what was happening on market. This news should make the market goes up but instead it dumped. Why is that? Its literally happening right after the announcement.

Agree, there was a meme I saw before about Microstrategy and this Bitcoin buying, every time they announce to the public that they bought Bitcoin, they are immediately under water from the price they bought.
But for me, it is not really important, is the average buying price will matter, as we all know Microstrategy is one of public company buying Bitcoin during early days and frequently.

Instead of delighting fellow crypto enthusiasts with his Bitcoin purchases, Micro Strategy seems to capitalize on the publicity generated every time he makes a move. As far as we know, MS consistently broadcasts his actions after they've been executed, essentially shaping the market after BTC has already been secured. They appear overly confident in the social influence they wield.

While this information is crucial, I'm convinced that their motives are not aligned with the well-being of the crypto space or the crypto community. Instead, MS is pursuing their own gains and indulging in self-enjoyment.

One day, when the selling moment arrives, a minor market dip will likely occur. Some view this as a negative signal, while others maintain faith in Bitcoin due to its price being above MS's DCA level.

Do you really believe that? I think that nowadays he doesn't capitalize on anything anymore, because MSTR continuing to do DCA is predictable, monotonous. Yes, he brings out the news that he has made another purchase but that doesn't influence people's thinking as much as it might have done in the beginning. The opposite would be true, however, if he stopped buying or even sold, which would be shocking.

That sounds good to me and Good news for the industry this week
Another strong quarter with a string of outrageously good quarters on the horizon
Microstrategy is one of the future big market makers for BTC.
Saylor indicator activated...
But the market is not predictable. If the market is predictable, I would not be worried about my life :)
Always buy the dip and DCA.

It seems like he buys every 2 months or so. From what I read he has like $600m left to purchase more. Most likely he will be buying around $75M every month until he depletes all those funds.

It’s crazy to think that after all this buying, he is still at a loss. This is why you should never DCA large portions near the top. I think he was in profit for a few days only this year before it again went below his average.

I would guess that the simplest reasoning would be the fact that there is a billion dollar company that ends up spending more and more money into bitcoin, that totals billions of dollars in bitcoin. So, whenever they end up buying, that's a "good" news for the price, maybe not so great for bitcoin itself because it gets more and more centralized with more money they are holding, but it's still quite good and should be considered a profitable idea.

I understand that it's not going to be a simple deal, but it could still be considered a good deal one way or another. I hope that people could do well enough eventually, but that doesn't really mean that we would be doing something that would not be a big deal at all.

I'm at a loss to come up with more than a couple of names of companies that thrived because of bitcoin, and off the top of my head I'm thinking of MARA, RIOT, and Coinbase--and they're in business to either mine bitcoin or facilitate the trading of it.  I'd love to see the list you're referring to, and I mean that sincerely.  Overstock might be one, but even though they accept BTC directly I'm not sure if they've grown their business for that reason.

MSTR is a publicly-traded corporation whose core business is software if I'm not mistaken, so while it's true there are a lot of whales (however that's defined), they're kind of an odd duck.  You really can't forget Saylor when you're talking about MSTR and their bitcoin purchases, because those are his decisions.

But no, I doubt he's going to dump all of MSTR's bitcoin.  Certainly not all at once.  But what if he suddenly died?  What do you think the company would do with all the bitcoin he bought? 

When you talk about bitcoin adoption and possibly its expansion, we should be focused more about new companies that have joined the cryptocurrency industry in order to buy bitcoin. For the case of microstrategy, we have seen them countless times buy bitcoin and hold for a very long time. They even sometimes buy when the price up already. So we are not surprised by the activities of microstrategy. It'll be nice if new people join this race because with the amount of Bitcoin microstrategy is holding, I am beginning to fear manipulation and market control by microstrategy. This is a market of demand and supply with volume the more volume you have the ability to control the market.

MS cannot be at loss even when we knew that the last bull run crashed on MS. The DCA system is powerful that it gives massive profits with small rise in price. If bitcoin touches $30k in few weeks time, it will be a good profit for MS.

Bro, Bitcoin doesn't need Michael-Saylor, to manifest its potential, Such Buyings do trigger Bullish sentiments but for the credibility establishment it really doesn't matter, it is the charm of Bitcoin and its characteristics that make it believable more authentic, as there was no Michael Saylor or MicroStrategy while Bitcoin was facing hard times with MT GoX, while suffering the China trading Ban, Mining Ban, FTX crash, and other attacks. It was Bitcoin who realized people that this system, this asset has potential, and convinced the investors and community to keep sticking with the Goal and be determined until the Universal asset recognition (Mode of Payment).

Such sort of news does affect the market price a little bit but keep in mind that these big buyings are not directly executed by an open market order book. Even the Buying price may vary from the pen market price. Institutional funding never enters the market with the direct open market gate. MicroStrategy is going to be one of the top performers of this Bull as per their massive amount of holdings.

You wouldn't have to work even if you had 100 BTC, to be honest. ;) I don't know how old you are, but in my case a mere 50 BTC would set me up for the rest of my life.

If he was buying on exchanges it would have an effect. Just look at the volumes that move the price. On September 19 someone bought 250 BTC on bitstamp and that moved the price from 27k to 27450.
You can expect that a spot purchase of 5k BTC would get us at least 1k up in price (globally), but this whole week we haven't seen anything like that.

I believe institutions are either buying OTC, or setting buy orders and waiting for scared people to dump into them. Setting floor purchases doesn't affect the price, but takes a lot more time to complete, whicjh they have. They've been doing this for the last year.

MicroStrategy is bought regardless of the market situation, if you look at their purchasing history, their strategy is very simple and I think I will believe Taylor when he said that MicroStrategy will buy everytime, when they have such an opportunity. Their average purchase price is about 30k, which I think is a pretty good price considering how much Bitcoin they have. Certainly in a bull market, MicroStrategy could become a very serious player.

This should be a surprise to nobody at this point. Microstrategy is all in on Bitcoin. It is clear by this point that they will keep buying as much as they can with any profit they can get their hands on and if there is investment demand they will issue more shares to raise funds for more Bitcoin. I don’t see this changing anytime soon.

However, Microstrategy's big ambitions regarding its bitcoin investment make many people worried. I obviously don't care how many bitcoins he buys at any average price - but whenever there is a big price increase then people tend to panic for fear that Saylor's large holdings will be sold.

These concerns will obviously occur in a next bullrun - but I wouldn't call Saylor stupid in his sales plans. We probably won't know when he's buying and when he's already selling - unless Saylor announces it.

Usually, these whales will buy bitcoin over the counter and not directly from the exchanges and therefore we do not see much movement in the bitcoin prices.

However, in times when everyone is selling bitcoin and the overall sentiments of the market are bearish, such news gives us hope and insights that people are accumulating bitcoin as we will not find these bitcoin prices next year and beyond.

No matter if MicroStrategy bought that many bitcoins and other institutes buy this much bitcoin, the important thing is how much bitcoin we bought. If we do not accumulate bitcoin in these times, then it's no use seeing other people buying bitcoin. Hope people understand this and invest in BitcoinBTC

It is going to be very interesting to see how all of this turns out, while other billionaires denounce bitcoin Saylor is all-in in bitcoin and regardless of what happens it will be a spectacle, if bitcoin fails to produce the profits Saylor is expecting then it is possible his company could go bankrupt, but if he is successful and bitcoin goes up in value dramatically during the next bull run, something the majority of the users of this forum hope for, then his profits on paper will be very high, but if he wants to materialize them he will need to sell, which will cause a tremendous drop on this market.

This might be because he might be the only whale who is presently buying bitcoin. If there were other whales and institutional investors joining him like cousin Elon or grandma Cathie Wood, we would certainly would have witnessed bitcoin pump to $40k already.

There are people in this thread who reckon that the dump after Saylor's announcement was a coincidence or it was time to sell the news, Saylor top signal. I disagree with these. Saylor is the only one buying with size. Saylor is the recent top creator of last week's top.

This is not just about holding for the mean time and seeing a small jump in the price; during some market conditions, any time a huge volume of bitcoin is also sold, it also affects the market. Although it's good to always see individuals and institutions investing a huge amount of money in bitcoin, Micro Strategy has always been a big player in the space for about three years now.

Seem like the good news spreading every day and everywhere to welcome the halving. I am not surprised about it because investors who understand the situation will buy as much as possible. Probably, many investors out there buy Bitcoin in secret, not published like Saylor did. This will make the Bitcoin price explosion in the near future if they buy again at the same time, this is called bullish, and I am really sure many people going to be late to buy, many will miss the train, and buy bitcoin at 3x the price from now.

Don't miss it, and don't be late because time is running out.

I am no longer surprised that MicroStrategy buys more and more bitcoin every time. I think this is great news!

That's not surprising because they are big players who also have a lot of money to buy large amounts of bitcoin.
They will be happy when they see that the bitcoin price can go down because that means they can buy more and save it until the target selling price comes.
But we shouldn't be impressed by what they do because they can do it easily and we should also consider collecting more bitcoins.
We have to focus more on buying bitcoin because we also have different goals from the Micro Strategy so we should return to ourselves to look for opportunities to buy bitcoin again.