Bitcoin Forum

I read yesterday that Michael Saylor the cofounder and CEO of Strategy purchased another stash of BTC, I think 196 bitcoin for $22 million, bringing total holdings of Strategy to 640,031 BTC, I was happy as it showed bullishness on BTC but my joy was short-lived as a major thought about the purchase struck my mind and left me with a lingering question and fear:

What will happen when Saylor decide to take profit?

Saylor has been stacking BTC for years now and his holding through Strategy purchase is not little as Strategy btc holdings account for over 3% of btc total supply.

Yes, Saylor is a die-hard fan/maxi of btc, but we all know nothing goes on forever, one day Strategy might decide to cash out, wont that action cause a major downward crash to the price of btc? How much impact will the sell out cause? Or will he never sell? If he doesnt sell, how then does he realize profit?

These are the thoughts that flooded my mind, I would like to hear what well versed btc OGs think about this.

The CEO of Strategy company, Michael Saylor, said "Bitcoin is the end game" and he does not have plan to take profit.
Michael Saylor shares the master plan. (https://bitcoinist.com/microstrategy-bitcoin-end-game-saylor-plan/)
Don't trust him and Strategy, just think how their company can get profit recent years and they actually have built up a model that works so well and brings a lot of profit to their company without need of selling bitcoin and taking profit.

From about $50 to $60 in 2021, the Strategy's stock $MSTR has grown to its peak at $434 and today it is exchanged around $322.
https://www.google.com/finance/quote/MSTR:NASDAQ?sa=X&ved=2ahUKEwjB8_Tt_oGQAxWazDgGHU2UDNsQ3ecFegQINhAT&window=5Y

This growth of $MSTR can show you why this company don't need and don't want to sell their bitcoin. They can get profit while don't sell bitcoin and holding bitcoin a longer time into the future can help their company treasury grows more.

What do you think will happen? Microstrategy bought those Bitcoin from someone isn't it? They never mined those Bitcoin, they bought in the open market, if he get tired of holding he will sell and someone else will buy from them.

People are making this look like a big deal, as if buying bitcoin is the easiest part and selling is a big problem, if someone is selling then someone is also buying, it is very easy to digest. What happen to the whole Bitcoin market cap? How much does Microstrategy own that could cause a problem? Let's stop making a big deal out of Bitcoin whale possible dumping their bags. 640,000 BTC is a lot but it won't stop other buyers from buying in time.

If Sailor decides to take profit and sells Bitcoin, ending up with 60 billion dollars, what can he do with that much fiat money? If he just holds the cash without investing it, inflation will slowly eat away its value. For example, with a 10% annual inflation rate, after 5 years the real value of that 60 billion drops to around 35.4 billion dollars. This means he would lose 24.6 billion dollars of purchasing power due to inflation over 5 years.If he continues to just hold the dolar , he keeps losing value year after year.That’s why the rich don’t keep their wealth in dollars, unlike the poor.They hold it in real estate, the S&P 500, gold, and Bitcoin, which has become a new instrument for protecting against inflation.Bitcoin is  to continue growing indefinitely, outpacing inflation. Rich never sell their assets for dollars.The rich hold their assets.The rich will get richer, while the poor, who try to trade or gamble, will become even poorer.

If we analyze everything, all assets have their advantages and disadvantages. For example, real estate carries risks from natural disasters, it ages over time and requires ongoing investments, plus property taxes must be paid. Gold has a large supply inflation and its price elastic when demand rises. After analyzing everything, Bitcoin appears to be the safest asset that the rich can hold to preserve and conserve their capital.That’s why we can expect Bitcoin to reach multi-million dollar values.

He even said that he will hold all of his Bitcoin holdings UNTIL HE DIES which for me is a bit stupid despite of him being a maxi since we know that at some point, he will sell those Bitcoins that he holds to take profit. I don't think that he will stand at that word of his, and what I believe is at some point... or maybe if Bitcoin goes to a million, he will sell majority of all of those Bitcoins.

Will him selling those Bitcoins have an impact on the market? Absolutely. The question is "How he will be selling those Bitcoins?" Will he be doing it at once? Will he be selling it into 3-5 parts? How he will be selling will affect the price dump on Bitcoin. A one-time dump will cause a massive drop towards the market because if many saw that he sold it at once, that might cause other investors to panic hence, selling the Bitcoins that they're holding as well.

Businessman thinks about profit as well so I don't believe that he will not sell his Bitcoins. At some point, he will realize those profits. The effects will be short to mid term only though because I believe that there will be many retail investors that will jump and buy when Bitcoin goes down.

I don't think he will ever sell his bitcoin at least the one in his company but I think he might sell his personal stash since he doesn't need to report that. I also think that if he wants to sell some and make some money he will do it in other ways.

If he owns stock in his company he will just sell those shares instead when the stock is going up. Because if there is hint that he might start to unload his bitcoin holdings then everybody will start to sell first and it will create a huge bear market especially with the amount of bitcoin that his company holds.

Let me ask you this, what do you think would change about Bitcoin itself if he sells everything his company owns (not just take profit, sell the entire stash)?

The answer is simple: absolutely nothing.

Bitcoin will remain the same global decentralized money that is censorship resistant and cannot be blocked. It was like this when Saylor didn't own a satoshi and will continue being that even if he stops owning a single satoshi again.
So it will change absolutely nothing about bitcoin itself.

Market-wise it will obviously give a lot of weak hands the excuse to panic and start selling their coins to the whales who would be happily taking it from them at a discount. Such a panic only last a short time before the market goes back to normal!

Humans are unpredictable because they can change based on certain circumstances. I don't take people's promises since they can easily break them. Saylor might decide to sell his Bitcoin, or shareholders might decide to dump their shares, which will force Strategy to sell part of its coins.

Bitcoin price has maintained constant growth without institutional investors. The coin has gotten to a level that nobody, organisation or government can determine its fate. Even if Saylor decides to dump his coin, the market will decline temporarily. But it will recover just like it has always done when there is FUD.     

MSTR makes money by selling shares in the company not by selling bitcoin. That's how it works.

All I have seen Micheal Saylor posted on X is that it is good to hold bitcoin for live time. That means he knows that bitcoin price will continue to increase and I think he is right with how deflationary bitcoin is with limited supply and increasing demand. Michael Saylor knows that if he sells huge part of Strategy bitcoin, it will have huge effect on bitcoin price and which is what he does not want.

He is consistently with his Bitcoin accumulation by DCA for Strategy company and many times, he posted on X about Strategy needs more Orange Dots - that mean more Bitcoin purchases.

For example, one of "Need more orange dots" posts. (https://x.com/saylor/status/1964663226039492970)

Be careful with any company that want to copy Strategy as Strategy is like Tether which are all made successful business models but their companies have solid foundations that match with their strategies with stable coin and Bitcoin treasury. In contrast, the other companies might not have solid foundations and copying Strategy's strategy can lead to bankruptcy.

I'm no OG by the way, but has been following Bitcoin for years. We might go with your premise,

Saylor is a die-hard fan/maximalist, so with that,

I don't think that Saylor will suddenly dump all his BTC in one go as he knows what is the impact on the market which is huge. And not only it will have a huge impact on the market itself, but I think it will also hit his reputation as he is claiming that Bitcoin is the "Bitcoin is the end game".

And if he decided to sell?

It might be gradual offloading and it will be OTC so that no one can see at run time that he is selling. We all know that there alerts that monitor large movement. So it will take months or even year if he decided to sell everything.

So I will say that there will be no impact, as he is smart to avoid crashing the market.

Saylor has other sources of income that don't require him to take profit from Bitcoin. As long as his company can survive, even with income from various sources, it's unlikely that Saylor will take profit from Bitcoin. Furthermore, Saylor will be closely monitored his sale would certainly raise a lot of issues if it happened. So, I don't see that happening anytime soon, but if the worst case scenario plays out, the market will certainly crash.

If Saylor take profit, there will be people ready to take a buy the dip.

We over worries too much about these institution companies and whalers tending to make sales of their Bitcoin and how it could affect the market price and also drives adoption rate.
I think recently I read a thread pertaining a Strategy executive who sold some of his own Bitcoin and I find it irrelevant to crave FOMO because, everyone involved in Bitcoin investment is out to make and take profits. And understanding how this volatile market works, it is like the GIGO while demands and supplies regulates the price whereas, trading also causes great Influence in market.

First we must understand that the Strategy is just a company which individual investors owns shares, individuals can only decide to sell while other shareowners remains firm but paraventurely Michael Saylor decides to opt Strategy out from the market, of course it will cause great panics and could discourage adoption due to it margins of holding that has got strong influence in the market but take it that it will always cause very Dip and a bearishness which sales would negatively affect others portfolio but the good thing is that the Bitcoins Blockchain remaining intact and adoption rate is consistently growing, definitely will be a rebounce to push the price higher in the regular.

My advise is that... You should not forget to invest with discretionary or spare funds so that you don't panic over the uncertainty.

One company is not enough to manipulate a humongous market cap coin like BTC these days op. This is a trillion dollar market cap coin that we are talking about. It's completely useless worrying about these things.

Am more worried about mad king Trump turning on BTC and the entire crypto world one day just cause he felt like it. That could trigger a proper bloody bear market.

I don't expect anything they sell and buy to look the same because when they sell, there will definitely be someone to buy it, and bitcoin will remain the same as usual, although there may be a short-term market reaction where corrections and slight declines may occur, but that is only short-term and will not have a long-term impact.

Actually, Saylor's decision to sell is not far from what most people do when selling, except that they do it on a larger scale than ordinary investors.
Don't burden yourself with thoughts that may never happen in the near future, especially since Saylor is still firm in his stance, where he remains a maximalist.

Hypothetically speaking, if they decide to sell all their 640 thousand bitcoin, the market will feel it, of course, but it will only be for a short time. As usual, people will panic and think that a company selling their bitcoin means something is up, but not everybody will sell, and by the time people realise that the company was just selling and nothing was coming, they will start buying again, and with time, prices will increase again.
This is just hypothetically speaking because that would most likely not happen. The bitcoin they hold belongs to a lot of people, so they can't just decide to sell it off, but even if it happens, bitcoin will be fine.

MSTR holds massive amount but their plan is to never actually sell Bitcoin. Instead of this they make profit by increasing value of their own company stock and by taking out loans using Bitcoin as collateral. If MSTR did suddenly sell much of Bitcoin it would cause sharp but likely short drop in price. This is because crypto market is now very large and big financial institutions would quickly step in to buy cheaper Bitcoin which would stabilize price quickly. So MSTR way of making profit is designed not to crash market and if they did sell drop would probably not last long.

There will be widespread panic, the market will most likely react in a very negative
way with mass sell off's. This in turn will create 'another great "buy the dip" opportunity
for those of us who have a long term outlook and realise the situation is temporary


Absolutely nothing - transactions will continue to be made, blocks will continue to
be mined as always, nodes will continue to confirm, developers will continue to work
on the development.

Its important to separate Bitcoin from 'the Bitcoin market'

Yes, if we currently imagine Saylor selling all his bitcoins, it is certain that it will make the price of bitcoin correct or decrease. Because as we know the bitcoin owned by Saylor is very much. But in my opinion we don't need to worry about that, because basically bitcoin is currently in the interest and owned by many people. So if for example Saylor sells his bitcoin, it is certain that the price of bitcoin will correct, but I'm sure after that the price of bitcoin will go back up again. Because basically bitcoin is an asset that is currently worldwide.

So it is certain that even though Saylor is no longer a bitcoin investor (although this is a little impossible), I'm sure bitcoin will still be fine. Because as I have said that bitcoin is currently an asset that is recognized and wanted by many people in this world. So it is certain that with that, the price of bitcoin will continue to rise cyclically. So the point is don't worry about this.

Only someone who has no idea about anything would ask that question.


What you could do before asking illiterate questions is inform yourself. Never sell the top asset. Selling Bitcoin for dollars is selling the number one asset for something worthless that keeps losing value. To get cash, he has set up a whole structure to replace traditional capital markets with products such as STRC or STRF, which have recently started paying dividends in dollars. But I won't go on, lest you get dizzy with the explanation.

Once he starts booking profit everything will turn red haha just kidding but for short time, everyone would be selling, the situation will be the same as it was when Elon sold in the 2021 and market dumped and it was all over the news, panic, fud, FOMO, you name it, everything was in the minds of people they did not know what to do.

And when bitcoin hits $15k they thought it is finished haha, anyway at that time MSTR sold some bitcoins, they will sell and that is for sure because they can't just sit on unrealized pnl forever.

One day they will sell, market will dump, but will recover soon, because I am sure they will buy again. It also depends on how much they sell.

Saylor is not dumb to sell all holdings that will crash the market. He will do the unloading slowly without damaging Bitcoin price if that’s your concern on this thread.

Everyone knew that institutional investors like Saylor will soon take profit but that doesn’t mean he will sold all his Bitcoin while he is already positioned with better buying price.

If he is indeed a pro Bitcoin person with support that's based on Bitcoin principles then the impact could be felt, but alittle, since he isn't the only one contributing to Bitcoin.
Notwistanding, if the possible impact on the market is - 1% you could prevent that from happening by making positive contribution to Bitcoin that's greater than 1%, and the contribution is not necessarily financial. The biggest effect are ones based on good faith and principles.

And It's important to note that the value of money invested in Bitcoin is equal to the cleanliness of the money. for example, $1million of money earned from bad foods will have less effect on the price compared to $1million dollar from good foods . This was done this way to prevent bad actors from manipulating the price since they are likely to be the ones earning money from evil things.

I believe that even a single mention of the head of Strategy will cause Bitcoin's price to fall, because he has become as influential as Trump, albeit only in cryptocurrencies, not stocks and the stock market. He can manipulate even with a single tweet.
Could this happen? Unlikely, because he looks like a staunch Bitcoin investor for years to come. And I hope so, because we've all become accustomed to his weekly purchases, which push prices higher and strengthen faith in Bitcoin.

Micheal saylor's  strategy is definitely a big holding in Bitcoin if withdrawn, it will definitely affect the market in a negative way that may not be favorable.
On the other hand, if there is a fall in the price as an after effect of Micheal saylor's selling off it's holdings then it may also give room for other financial companies to buy the dip, and buying the dip may help bring up the price to stability after a while but which ever way it will surely have an effect on the general Bitcoin market

The price of Bitcoin might fall for a period of time if this holdings are withdrawn this holdings is over 3% of total Bitcoin supply think of it, if sold out will cause a tremendous impact which may take a while to come to stability and if this happens it will start scaring people away from investing as they may be afraid of losing there Bitcoin or investments .

I don't think that Michael Saylor will want to take profit from his Bitcoin investment anytime soon, because he believes strongly in Bitcoin. With this belief, his idea of continually accumulating Bitcoin over time even when he already has a significant amount in his wallets gives me confidence that he may not want to sell any of his Bitcoin soon but rather continue accumulating more.

However, even if he decides to sell a portion of his Bitcoin to take profits, I believe there will still be big investors who will continue accumulating. What I feel might happen is that, whenever he decides to take profit, the Bitcoin market price may dip. But with time, it will recover. We don’t need to panic during the period when Michael Saylor takes profit from his Bitcoin investment.

Actually, you don't need to worry about this, my friend. Okay let's say one day Michael Saylor sells all of his company Bitcoin assets. Of course, I can't deny that there will be a bit of a shakeup and there will definitely be weak hands (investors with weak resolve) who will eventually follow suit and sell because they don't want to suffer a big loss. But behind the selling, there will also be buying. This is the cycle, and ultimately it won't change anything. So you don't need to worry as if the world will collapse if Michael Saylor sells all of his Bitcoin. No! That's not how it will end.

If Michael Saylor were to sell his Bitcoin to make a profit, it would have a sudden and major impact on the market. This would create a kind of fear in the market, causing the market to go into a very bloody condition.
However, Michael Saylor's target is to purchase one million Bitcoins and he will not sell his Bitcoins and will continue his purchases until his Bitcoin price prediction reaches one million dollars.
However, if any major whales suddenly announce that they are selling Bitcoin in the market, the market will definitely crash, at least temporarily.

Yes. It's highly unlikely that Saylor will sell Bitcoin especially since he has previously stated that Bitcoin is the future and that he will hold it for the long term. Instead of selling, he will continue buying Bitcoin, as Saylor has previously emphasized and strongly believes in Bitcoin's future potential.

It's undeniable that he already owned a large amount of Bitcoin when he sold it, and taking profits will certainly impact the market, causing people to panic and sell their Bitcoins as well. However market volatility won't last long because Bitcoin remains stable on its own, without the influence of any single person or entity. Even if there is an impact it will only be temporary, and the market will return to normal because many people are ready to buy Bitcoin when the price drops as you mentioned.

In 2014, Mt. Gox was handling about 70% of all Bitcoin transactions when it got hacked. It triggered panicked selling, the market crashed and bounced back after some time. I know Microstrategy has about 3% of Bitcoin's total supply, but I don't see the worse that can happen to Bitcoin than a temporary disruption of the market. If Microstrategy decides to offload all its bitcoin today, whether gradually or at once, the market will crash and bounce back again.

It's makes me worry how microstrategy keeps buying all this Bitcoin everyday without revealing any plans. Of course such company will not let the public know about their plans but at the same time, all companies operate a business model of profits, if the can't make money from it they will never invest in Bitcoin in the first place, they have a perfect plan to sell some at some time in the future.

Another thing I'm concerned about is how they at going to sell. There is no entity in the whole of this space that can handle the amount of Bitcoin Microstrategy is holding. If they plan to sell, they have to split deposit into different exchanges and OTC which is going to make it even more obvious that a sell pressure is coming, only time will tell how they are  going to sell this Bitcoin they are holding.

Michael Saylor is not Satoshi Nakamoto and even Satoshi Nakamoto can appear again and sell his bitcoins, it's how Bitcoin blockchain is for everyone to use and Bitcoin market is lively 24/7 for everyone to purchase and sell their bitcoins if they want with many options from CEX, DEX to P2P trade deals.

If a person or an entity is only welcome in purchases while is not welcome in cash out, Bitcoin market is more like a scam market but fortunately, it's not and it is an attractively good market in consideration of many people and entities. With time, Bitcoin and its market grow more so that we have been witnessing more Institutional investors have becoming more actively in this market and it forced SEC to make Bitcoin Spot ETF approvals in the USA in January 2024.

In any market, there are strong hands and weak hands and there are intelligent investors who are wisely prepare their finance, investment capital and patiently wait for weak hands dumping their coins to accumulate cheap coins.

As long Michael Saylor is a potential investor, he will not sell all his bitcoin for future purpose, he can decide to sell half and continue to hold the remaining ones because he know  what will happen to him when the price move higher and he don't have bitcoin to sell again, Michael Saylor is not the only wealthy investor that invested in bitcoin, there are many financial institutions, wealthy individuals that invested in bitcoin and even though Michael Saylor sell all his bitcoin, nothing will happen to bitcoin because bitcoin was not created to be control by one person, don't allow that rumors to stop you not to invest in bitcoin because the price will increase higher to favour both short term and long term investors soon.

I hope he doesn't do it in the next few years, because anything can happen. And if Michael Saylor sells his assets for a profit, the market will undoubtedly crash, and the price of Bitcoin will plummet. This is undeniable, as he is one of the largest Bitcoin holders.
And if he sells, it could halt or slow the adoption of Bitcoin by institutions and other investors, and possibly lead to a loss of confidence in Bitcoin. Since Michael Saylor is arguably the reason so many investors are following his lead, it would likely have a significant impact on the market.

And while a sharp decline presents a buying opportunity for some investors, there is certainly the potential for some investors to hesitate because they don't want to take on greater risk.

The price will go down and make people panic because they can not see the reality. Maybe at that time, people will lose their faith in Bitcoin, but just see Bitcoin will be difficult to rise again. But you should not panic like others, instead just hodl your Bitcoin or take your profit before it is too late.

The impact will be bigger, especially if Saylor sells half of the total amount of Bitcoin he has. We never know when Saylor will sell his Bitcoin, but we have our time to take profit and not just because other people sell their Bitcoin. Stay calm will be better because you will see your opportunities from the current situation.

When price slowly grows up more, Bitcoin will become a store of value like gold. You misunderstood it, as everything have smaller ROIs with time if their market caps become bigger and bigger but with time, they become stronger assets and will less likely be died like newborn cryptocurrencies or assets.

Bitcoin has more than 15 years of its history and this time is long enough for proving Bitcoin's strength and potentiality as well as showing its good survival over years. It is unrealistic to think that in future years, Bitcoin price will rise with similar ROIs of past market cycles but I don't believe people will see Bitcoin as uninteresting and unprofitable investment asset in the future.