MicroStrategy Purchase

[yazher]

Michael Saylor - "MicroStrategy has purchased an additional ~205 bitcoins for ~$10.0 million in cash at an average price of ~$48,888 per #bitcoin. As of 3/5/2021, we #hodl ~91,064 bitcoins acquired for ~$2.196 billion at an average price of ~$24,119 per bitcoin. $MSTR"

That’s a lot of bitcoins. It’s pretty crazy to think about where we are right now compared to the past. Today, it’s a stressful battle at 48k/coin to break back through 50k or drop back down to retest 43k. I remember when I pumped about it being 5k.

The price will likely create another ATH these coming days since the price has already reached $54,000 at the current moment. Now things are not the same like we were in the past where there was so much misinterpretation or misconduct of the other so-called Bitcoin investment method. namely, those fake cloud minings that ruined the name of Bitcoin for years. now, this is not the case since all of the investors have now realized that the incident was nothing to do with Bitcoin and they are now starting to give it a try to finally invest their first bitcoins.

[aysg76]

Michael Saylor - "MicroStrategy has purchased an additional ~205 bitcoins for ~$10.0 million in cash at an average price of ~$48,888 per #bitcoin. As of 3/5/2021, we #hodl ~91,064 bitcoins acquired for ~$2.196 billion at an average price of ~$24,119 per bitcoin. $MSTR"

That’s a lot of bitcoins. It’s pretty crazy to think about where we are right now compared to the past. Today, it’s a stressful battle at 48k/coin to break back through 50k or drop back down to retest 43k. I remember when I pumped about it being 5k.

Many big organisations are adding Bitcoin to their treasury reserves replacing it with USD and gold because they have faith in Bitcoin potential and its usage in the future. MicroStrategy has aquired 91604 Bitcoins so far at an average price of $22k if we take all the investment with Bitcoin holdings by the company.This is such a huge amount but still MicroStrategy holds only 0.43% supply of the Bitcoin of total 21 million.Bitcoin has become too expensive and vast that if you spent billions you would be having very minor share of the total coins in circulation.They have gained over $400 millions in profit with just investment in few months with prices rising above $50k once again.So they are becoming major whales in the Bitcoin network that can manipulate the prices if they sell but they will HOLD until the prices reached $100k or so because they have paid $50k average per coin but they doesn't matter to big organisations having billions of liquid funds and they will gain profits from this.

[MiningBattalion]

Michael Saylor - "MicroStrategy has purchased an additional ~205 bitcoins for ~$10.0 million in cash at an average price of ~$48,888 per #bitcoin. As of 3/5/2021, we #hodl ~91,064 bitcoins acquired for ~$2.196 billion at an average price of ~$24,119 per bitcoin. $MSTR"

That’s a lot of bitcoins. It’s pretty crazy to think about where we are right now compared to the past. Today, it’s a stressful battle at 48k/coin to break back through 50k or drop back down to retest 43k. I remember when I pumped about it being 5k.

Many big organisations are adding Bitcoin to their treasury reserves replacing it with USD and gold because they have faith in Bitcoin potential and its usage in the future. MicroStrategy has aquired 91604 Bitcoins so far at an average price of $22k if we take all the investment with Bitcoin holdings by the company.This is such a huge amount but still MicroStrategy holds only 0.43% supply of the Bitcoin of total 21 million.Bitcoin has become too expensive and vast that if you spent billions you would be having very minor share of the total coins in circulation.They have gained over $400 millions in profit with just investment in few months with prices rising above $50k once again.So they are becoming major whales in the Bitcoin network that can manipulate the prices if they sell but they will HOLD until the prices reached $100k or so because they have paid $50k average per coin but they doesn't matter to big organisations having billions of liquid funds and they will gain profits from this.

The acquisition of additional bitcoins announced today reaffirms our belief that bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value.  We believe the proactive management of our balance sheet, combined with the improved revenue and profitability performance of the Company, have been significant factors in the recent appreciation in our stock price The acquisition of additional bitcoins announced today reaffirms our belief that bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value.  We believe the proactive management of our balance sheet, combined with the improved revenue and profitability performance of the Company, have been significant factors in the recent appreciation in our stock price.

[DapanasFruit]

Seems to me that MicroStrategy is really making sure that it is continuing to be buying Bitcoin even at a higher price, maybe they are really convinced that soon Bitcoin can go going beyond the $100K price range and what they are buying right now can be a very good decision later. Well, they got the money so why not invest with Bitcoin more? And thanks to them, this latest move from them is creating a buffer of more interest and confidence in the cryptocurrency marketplace. I am hoping that soon they are going to push through the plan of also expanding to good altcoins. I now start to love the MicroStrategy brand.

[Coinsfera]

the fact that they have a strategy for stacking up bitcoins says it all. i noticed these buys usually come during some dips. he has started that they aint stopping. this is the only public purchase announcement we have from top guys. there are many people buying also without making any announcement. microstrategy has already has also dropped some hints about diving into purchase of other cryptocurrencies. A single lesson from all this is to sit tight and book for your slot or hold your position tight

Michael Saylor persists to make waves with his Bitcoin purchases, which he said in September that he invested in Bitcoin because he saw it less risky than fiat or gold.

[Karartma1]

According to Bitcoin Treasuries 6.5% of the available bitcoin supply is currently in the hands of several companies, trusts and funds. That is a whopping 1,365,464 BTC total! It is a huge amount concentrated over less than 50 different entities which cover their respective indirect investors (shareholders, AM, FO etc.)
Isn't it clear where are we going?

I can't imagine on what will happen if those entities will do a massive selling at the same time, maybe we can see the bitcoin price go collapsed at more critical level. But I doubt we can experience the dumping happen since hopefully they will stay and support bitcoin to shoot up until it react at $100k or maybe more we can imagine.

I see your point here but we can't do anything about that; bitcoin is a free tool and anyone, even our worst enemy is allowed to jump in and take part in it. With a 12 years long track record I bet bitcoin could only fail by imploding on itself (critical exploited bug, unattended chain reorg etc.). These entities bought bitcoin at price levels that us retailers can't understand. Surely they having selling points in mind but the most important thing to have in mind is the state of bitcoin: if it keeps growing I have nothing to fear.

[jerrison]

Purchase by Microstrategy is helping the bitcoinand blockchain space gain traction as these are institutions that are renowned in terms of financial dealings and also people consider them to be custodians of finances belonging to wealthy people. If they can see bitcoin as a store of value and means of exchange then i think they can keep the purchase going.

[Dutchyyy]

MicroStrategy continues to buy Bitcoin, they announced on Friday that they have added another portion of 262 BTC to their over 91,000 tokens.

After several consecutive weeks of buying tokens for $ 10 million each time, this time MicroStrategy improved its game and released $ 15 million.

[pankowri]

Microstrategy is continuously buying Bitcoin which is the good sign for the whole market and it gives us an update that the big pump is not so far. Just keep holding your assets to participate with that rally. This year Bitcoin will hit $100k which is expected by many institutions and investors too.