Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[BobLawblaw]

Trigger Warning: Businesswire

https://www.businesswire.com/news/home/20200811005331/en/MicroStrategy-Adopts-Bitcoin-Primary-Treasury-Reserve-Asset

TYSONS CORNER, Va.--(BUSINESS WIRE)--MicroStrategy® Incorporated (Nasdaq: MSTR), the largest independent publicly-traded business intelligence company, today announced that it has purchased 21,454 bitcoins at an aggregate purchase price of $250 million, inclusive of fees and expenses. The purchase of Bitcoin cryptocurrency was made pursuant to the two-pronged capital allocation strategy previously announced by the company when it released its second quarter 2020 financial results on July 28, 2020.

The company addressed the first prong, which called for returning a portion of its excess cash to shareholders, when it announced today that it had launched a cash tender offer for up to $250 million of MicroStrategy’s class A common stock via a modified Dutch Auction offer. By acquiring 21,454 bitcoins, MicroStrategy addressed the other prong of its capital allocation strategy, which called for investing up to $250 million in one or more alternative investments or assets.

“Our investment in Bitcoin is part of our new capital allocation strategy, which seeks to maximize long-term value for our shareholders,” said Michael J. Saylor, CEO, MicroStrategy Incorporated. “This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. MicroStrategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy.”

[Last of the V8s]

mother of fuck

Twenty-one thousand, four hundred and fifty-four bitcoins.

 

[bitserve]

Trigger Warning: Businesswire

https://www.businesswire.com/news/home/20200811005331/en/MicroStrategy-Adopts-Bitcoin-Primary-Treasury-Reserve-Asset

TYSONS CORNER, Va.--(BUSINESS WIRE)--MicroStrategy® Incorporated (Nasdaq: MSTR), the largest independent publicly-traded business intelligence company, today announced that it has purchased 21,454 bitcoins at an aggregate purchase price of $250 million, inclusive of fees and expenses. The purchase of Bitcoin cryptocurrency was made pursuant to the two-pronged capital allocation strategy previously announced by the company when it released its second quarter 2020 financial results on July 28, 2020.

The company addressed the first prong, which called for returning a portion of its excess cash to shareholders, when it announced today that it had launched a cash tender offer for up to $250 million of MicroStrategy’s class A common stock via a modified Dutch Auction offer. By acquiring 21,454 bitcoins, MicroStrategy addressed the other prong of its capital allocation strategy, which called for investing up to $250 million in one or more alternative investments or assets.

“Our investment in Bitcoin is part of our new capital allocation strategy, which seeks to maximize long-term value for our shareholders,” said Michael J. Saylor, CEO, MicroStrategy Incorporated. “This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. MicroStrategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy.”

Wow. A publicly traded company (of Business Intelligence for more wow factor) that decided to almost join it's destiny to that of Bitcoin. This could perfectly be the first of a long list doing the same... well, maybe not going full retard into Bitcoin like this one, but at least getting significantly exposed to it.

Just imagine if the big ones (Apple, Google, Amazon, etc) started doing the same even if just with 1% of their net worth.

This is fine.

[Gyrsur]

Bob, is the "Activity" connected with the post amount? So, if you delete your posts the "Acitivity" will decrease too?  

EDIT: so maybe V8 should try it so he can become a Newbie again. 

[fillippone]

Trigger Warning: Businesswire

https://www.businesswire.com/news/home/20200811005331/en/MicroStrategy-Adopts-Bitcoin-Primary-Treasury-Reserve-Asset

TYSONS CORNER, Va.--(BUSINESS WIRE)--MicroStrategy® Incorporated (Nasdaq: MSTR), the largest independent publicly-traded business intelligence company, today announced that it has purchased 21,454 bitcoins at an aggregate purchase price of $250 million, inclusive of fees and expenses. The purchase of Bitcoin cryptocurrency was made pursuant to the two-pronged capital allocation strategy previously announced by the company when it released its second quarter 2020 financial results on July 28, 2020.

The company addressed the first prong, which called for returning a portion of its excess cash to shareholders, when it announced today that it had launched a cash tender offer for up to $250 million of MicroStrategy’s class A common stock via a modified Dutch Auction offer. By acquiring 21,454 bitcoins, MicroStrategy addressed the other prong of its capital allocation strategy, which called for investing up to $250 million in one or more alternative investments or assets.

“Our investment in Bitcoin is part of our new capital allocation strategy, which seeks to maximize long-term value for our shareholders,” said Michael J. Saylor, CEO, MicroStrategy Incorporated. “This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. MicroStrategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy.”

Damn Bob, you beat me to this!

Very big news.
First publicly traded company to dump fiat currencies and embrace hard money trough digital Gold. This is a turning point for bitcoin.

EDIT:
So Yuge I decided to open a thread for the news: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’

[Last of the V8s]

Probably Warren Buffet just teasing us.

'This wire was released as a prank by a junior PR who has now been relieved of duty.'

[BobLawblaw]

https://twitter.com/whale_alert/status/1293180092907245568

Bob, is the "Activity" connected with the post amount? So, if you delete your posts the "Acitivity" will decrease too?  

Yes. As your posts get deleted, your activity lowers as well... which is kinda ironic, because manually deleting every message you have ever posted on this site is a heck of a lot of activity.

[Gyrsur]

Probably Warren Buffet just teasing us.

'This wire was released as a prank by a junior PR who has now been relieved of duty.'

man, no one should have to tell you to specify the source.

BTW, if fillippone has it on his Bloomberg terminal it must be true.

[JSRAW]

Putin : Vaccine is ready... 

[bitcoinPsycho]

Putin : Vaccine is ready... 

You first 

[Last of the V8s]

source is me, doofus, predicting how it might turn out.
but maybe not. hope not

[Gyrsur]

Bob, is the "Activity" connected with the post amount? So, if you delete your posts the "Acitivity" will decrease too?  

Yes. As your posts get deleted, your activity lowers as well... which is kinda ironic, because manually deleting every message you have ever posted on this site is a heck of a lot of activity.

thanks Bob. that changes a lot. but if you want more opsec there is no way around i guess.

[Gyrsur]

source is me, doofus, predicting how it might turn out.
but maybe not. hope not

who is "doofus"? the source?

https://youtu.be/HrcbCW4y9Dw

[lightfoot]

Putin : Vaccine is ready... 

Sure. I would trust the Russians till the end of the earth....

[JayJuanGee]

Yes. The bull market really started April 2019. What’s started recently is the early main bull phase, it’s Q4 2016 all over again, but different dynamics and themes at play.

https://twitter.com/woonomic/status/1292837821909090304?s=21

That is something similar to what I have been saying, but of course it is nice to hear credible others make similar assertions, too.

My assertion has been that the bull market started in April 2019, but it was not really confirmed as entering into bullish status until about the middle of May 2019.

[Gyrsur]

almost all WO's united. nice. 

[JayJuanGee]

source is me, doofus, predicting how it might turn out.
but maybe not. hope not

who is "doofus"? the source?

https://youtu.be/HrcbCW4y9Dw

Nice to wake up to a little cat fight in the morning.






Meow!!!

almost all WO's united. nice. 

Not quite.   




 

[bkbirge]

Trigger Warning: Businesswire

https://www.businesswire.com/news/home/20200811005331/en/MicroStrategy-Adopts-Bitcoin-Primary-Treasury-Reserve-Asset

TYSONS CORNER, Va.--(BUSINESS WIRE)--MicroStrategy® Incorporated (Nasdaq: MSTR), the largest independent publicly-traded business intelligence company, today announced that it has purchased 21,454 bitcoins at an aggregate purchase price of $250 million, inclusive of fees and expenses. The purchase of Bitcoin cryptocurrency was made pursuant to the two-pronged capital allocation strategy previously announced by the company when it released its second quarter 2020 financial results on July 28, 2020.

The company addressed the first prong, which called for returning a portion of its excess cash to shareholders, when it announced today that it had launched a cash tender offer for up to $250 million of MicroStrategy’s class A common stock via a modified Dutch Auction offer. By acquiring 21,454 bitcoins, MicroStrategy addressed the other prong of its capital allocation strategy, which called for investing up to $250 million in one or more alternative investments or assets.

“Our investment in Bitcoin is part of our new capital allocation strategy, which seeks to maximize long-term value for our shareholders,” said Michael J. Saylor, CEO, MicroStrategy Incorporated. “This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. MicroStrategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy.”

Damn Bob, you beat me to this!

Very big news.
First publicly traded company to dump fiat currencies and embrace hard money trough digital Gold. This is a turning point for bitcoin.

Is this why we've dropped a little do you think? The current price is around what these folks paid per bitcoin.
https://cointelegraph.com/news/worlds-biggest-business-intelligence-firm-buys-21k-btc-for-250m

Barry Silbert, CEO of crypto investment giant Grayscale, also praised the company’s decision. He tweeted:
    “MicroStrategy, a $1.2 billion company, just turned itself into a publicly-traded bitcoin play. Smart.”

[Icygreen]

MicroStrategy® ran the fucking numbers. 

[bkbirge]

mother of fuck

Twenty-one thousand, four hundred and fifty-four bitcoins.

 

.1 % of entire supply. They are planning long term.