MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’

[royalfestus]

Is there someone who has the wallet address for Microstratey? I just need to monitor the exit  time. As this is cryptocurrency and everything is a trading strategy, I don't trust the information provided by the firm especially on purchase and queitly on sale. How would it be if they bought at a lower price and announced a higher price to sway buyers?

[JayJuanGee]

New buy!

Adding all the details and spreadsheet updates later on the day!

They surely seem to love round numbers, those fucks!!!!!

Can you imagine.. Michael says.. "buy.. blah blah blah blah number of coins to bring our balance to exactly 140,000 BTC"


He's almost like a troll with his buying strategies.

Remember when he brought their BTC balance the average cost per BTC to $11,111

you posted about it here:

So, now that Microstrategy has bought a large BTC chunk, how much they now are a "Bitcoin Company" instead of a "Application Software Company"?

Let's do some (basic) math:
Spreadsheet Link


Microstrategy has 7,673,000 outstanding Shares. This means that every share is entitled with little less than 0.005 Cents (little less than 500,000 Sats).
This means currently every share has an embedded 54.77 USD in Bitcoin.
As the share price is 163 USD, this means Mircostrategy is a 54.77/163=33% Bitcoin Company!

You can check all the computations here

[aysg76]

New buy!

Adding all the details and spreadsheet updates later on the day!

The bitcoin spark in Saylor eyes clearly indicates that he is not going to stop any moment and with each dip his company was investing but now with little boost also he is accumulating more and more coins.The average price might be high for all those coins but just calculate the profits they will gain once they enter high price range on those 140k bitcoins.With this they are number one institutional bitcoin investor and had liked Saylor participation in events or say green energy mining podcasts and videos but he is gaining a lot also from it.The company is paying off loans and slowly getting boost with each investment.

This is main reason his so much efforts to put bitcoin investment priority for the company and you could find all tweets bitcoin related.

Is there someone who has the wallet address for Microstratey? I just need to monitor the exit  time. As this is cryptocurrency and everything is a trading strategy, I don't trust the information provided by the firm especially on purchase and queitly on sale. How would it be if they bought at a lower price and announced a higher price to sway buyers?

I don't think the address is public where they would hold these coins and they might be holding them on different multi sig wallets for security.Why you need to monitor their trades if you can do your solo trade? You could see the whole market trends and they won't sell off at once I believe but you can make your investment based on current market trends if you understand TA and charts movements.After they have invested the amount the declaration need to be done and as huge sums are involved the timestamp might be recorded for them.

I have found one article for the address tracking but not sure if it's true as there are many whales also who might be holding huge number of coins but still it's speculation as per article if you want to check here it is Address speculation for MSTR

[Altryist]

New buy!

Adding all the details and spreadsheet updates later on the day!

They surely seem to love round numbers, those fucks!!!!!

Can you imagine.. Michael says.. "buy.. blah blah blah blah number of coins to bring our balance to exactly 140,000 BTC"


He's almost like a troll with his buying strategies.

Remember when he brought their BTC balance the average cost per BTC to $11,111

There are those who are fond of numerology, they really believe in the magic of numbers, perhaps Saylor is one of these eccentrics. I once went into the office of my mobile operator and saw how two guys were choosing a new phone number for themselves, I think they were looking for a number where there were no twos and fours at all. I felt really funny, precisely because they were doing it in all seriousness, and one of them was telling the other how numbers attract negative energy. I hope with these numbers Michael can help to get the bull run as soon as possible. 

[JayJuanGee]

[edited out]

Yo, I'm with you 100%! Risk management's the name of the game, whether you're a newbie investor or a high roller like Saylor. I've been in this wild world since 2014, and lemme tell ya, Bitcoin's highs and lows are a thrill ride – and kinda funny, too! It's like a never-ending rollercoaster, but if you strap in and gear up, you'll come out winning. So, I'm all about that zen investing mindset, embracing the good and the bad. Yeah, sometimes the market crashes, and you wanna scream "I'm done!" But stay chill, think positive, and you'll ride the wave to a stronger finish. And hey, if things get rough, have fun with some shit coins! Just make sure your main coin's in check, or you might face some regrets. (But honestly, who doesn't love a risky coin toss now and then?)

I am not opposed to gambling but that is not what should be done with an investment, even though there are some aspects of investing that are more risky than others, but the mere fact that there are various risks does not necessarily cause the investment to fall into the gambling territory merely because there are a variety of risks.  Another thing is that there are ways to hedge risks, so surely even some gambling has some skills and some luck, and if there are inabilities to appreciate the differences between skills and luck, then such person has more difficulties to hedge the risks.. or in some cases, games of chance, their might not be any reasonable ways to hedge the risks... especially if they are pure games of chance, and there are attempt to bet in various categories, but no matter what the odds are in favor of the house.

Overall, Fuck Shitcoins.. yet, shitcoins are likely NOT completely games of chance because there are some aspect of them that you are going to be able to know, and even some of the fairly big scams, including ethereum, there are several knowable aspects.. and so there are likely ways to play it and even hedge with it, including that you know that the fucktwat scammers are both going to pump it from time to time adn that they are going to likely have several abilities to pump that shit.. until they can't but sometimes you might not know when their various smoke and mirror tools are no longer going to be able to work, and sure if you want to fuck around with shitcoins, then that's your choice.. but some of us do not really consider them as very much worth our time.. even though I cannot really completely blame people if they want to have fun with some of the gamification and if they do not consider themselves as being the greater fool since there are some inside knowledge points that they might have.. and so there is some likely ethical and moral depravity to be participating in some of those systems that are set up in ways in which some people are purposeful engaging in deceptions of others.. or at least trying to... but hey, whatever you do you., in the ways that you might want to get involved in some of those shitcoins.... and maybe there are some that are not engaging in deception.. or at least believe that they aren't even though I still have trouble with the understanding of a need for a token separate from bitcoin unless there is some desire to print money.. or believing that they had anything similar to the seemingly close to immaculate conception as bitcoin.

[temple]

[edited out]

Yo, I'm with you 100%! Risk management's the name of the game, whether you're a newbie investor or a high roller like Saylor. I've been in this wild world since 2014, and lemme tell ya, Bitcoin's highs and lows are a thrill ride – and kinda funny, too! It's like a never-ending rollercoaster, but if you strap in and gear up, you'll come out winning. So, I'm all about that zen investing mindset, embracing the good and the bad. Yeah, sometimes the market crashes, and you wanna scream "I'm done!" But stay chill, think positive, and you'll ride the wave to a stronger finish. And hey, if things get rough, have fun with some shit coins! Just make sure your main coin's in check, or you might face some regrets. (But honestly, who doesn't love a risky coin toss now and then?)

I am not opposed to gambling but that is not what should be done with an investment, even though there are some aspects of investing that are more risky than others, but the mere fact that there are various risks does not necessarily cause the investment to fall into the gambling territory merely because there are a variety of risks.  Another thing is that there are ways to hedge risks, so surely even some gambling has some skills and some luck, and if there are inabilities to appreciate the differences between skills and luck, then such person has more difficulties to hedge the risks.. or in some cases, games of chance, their might not be any reasonable ways to hedge the risks... especially if they are pure games of chance, and there are attempt to bet in various categories, but no matter what the odds are in favor of the house.

Overall, Fuck Shitcoins.. yet, shitcoins are likely NOT completely games of chance because there are some aspect of them that you are going to be able to know, and even some of the fairly big scams, including ethereum, there are several knowable aspects.. and so there are likely ways to play it and even hedge with it, including that you know that the fucktwat scammers are both going to pump it from time to time adn that they are going to likely have several abilities to pump that shit.. until they can't but sometimes you might not know when their various smoke and mirror tools are no longer going to be able to work, and sure if you want to fuck around with shitcoins, then that's your choice.. but some of us do not really consider them as very much worth our time.. even though I cannot really completely blame people if they want to have fun with some of the gamification and if they do not consider themselves as being the greater fool since there are some inside knowledge points that they might have.. and so there is some likely ethical and moral depravity to be participating in some of those systems that are set up in ways in which some people are purposeful engaging in deceptions of others.. or at least trying to... but hey, whatever you do you., in the ways that you might want to get involved in some of those shitcoins.... and maybe there are some that are not engaging in deception.. or at least believe that they aren't even though I still have trouble with the understanding of a need for a token separate from bitcoin unless there is some desire to print money.. or believing that they had anything similar to the seemingly close to immaculate conception as bitcoin.

While I also prefer Bitcoin over everything else, I think your wording is quite harsh in regards to those who do have honest intentions and try to build something new or innovate.

The guys who call their coin "Bitcoin killer" belong into the scam category in my opinion, but there are some projects trying to experiment with some stuff that does at least get me excited involved. Not necessarily as an investor, but as someone who gives the concept some thought or who tries it out once it went live.

Eventually I believe that quality and strength of the ecosystem will prevail. When the new smartphones came out, I remember that here were some companies trying to build cheap versions of it. But literally all of them disappeared and it took quite some time until viable cheaper options came into the market.

What I would like to understand from your comment is the bold part. I get the money printing part because that is what scammers intend to do. But I am convinced there will be applications where it makes sense to have them running on a separate network with higher throughput, lower cost and consequently less required security due to weaker validation design. But it would be a waste if these tokens were running on the Bitcoin blockchain or am I not understanding that correctly? I am aware of the ordinals thread and some say that congestion could be a problem. That was my reasoning now. Why let something run on top of Bitcoin when it could just be run on a separate blockchain and perhaps be anchored in the Bitcoin blockchain?

Do you think there won't be any other application where it makes sense that it has its own token? I wouldn't go so far because who knows what's on the horizon? When it comes to digital gold, we don't need two digital golds. But when it comes to other use cases, it could make a lot of sense to have a coin or token different from Bitcoin.

[JayJuanGee]

[edited out]

.......Overall, Fuck Shitcoins.. yet, shitcoins are likely NOT completely games of chance because there are some aspect of them that you are going to be able to know, and even some of the fairly big scams, including ethereum, there are several knowable aspects.. and so there are likely ways to play it and even hedge with it, including that you know that the fucktwat scammers are both going to pump it from time to time adn that they are going to likely have several abilities to pump that shit.. until they can't but sometimes you might not know when their various smoke and mirror tools are no longer going to be able to work, and sure if you want to fuck around with shitcoins, then that's your choice.. but some of us do not really consider them as very much worth our time.. even though I cannot really completely blame people if they want to have fun with some of the gamification and if they do not consider themselves as being the greater fool since there are some inside knowledge points that they might have.. and so there is some likely ethical and moral depravity to be participating in some of those systems that are set up in ways in which some people are purposeful engaging in deceptions of others.. or at least trying to... but hey, whatever you do you., in the ways that you might want to get involved in some of those shitcoins.... and maybe there are some that are not engaging in deception.. or at least believe that they aren't even though I still have trouble with the understanding of a need for a token separate from bitcoin unless there is some desire to print money.. or believing that they had anything similar to the seemingly close to immaculate conception as bitcoin.

While I also prefer Bitcoin over everything else, I think your wording is quite harsh in regards to those who do have honest intentions and try to build something new or innovate.

It does not seem too harsh from my perspective... I consider the more aggressive wording to be an attempt to stay focused on bitcoin, and surely people are going to do what they are going to do, and on a personal level each of us needs to decide how we are going to spend our time, our energies, our value and how we talk about things.  My assertion of fuck shitcoins is not stopping people from doing whatever the fuck they want, but I see no reason to either talk favorably about shitcoins or to give them any kind of door into any conversation in which we primarily have bitcoin as our emphasis.. and in this thread, we are largely talking about microstrategy and attempting to relate our talks to microstrategy and perhaps what MSTR and Saylor is doing as compared with what others might be doing (includign governments and other companies, and maybe even including our own strategies that might relate.  MSTR and Saylor are not working on shitcoins, investing in shitcoins or even talking about shitcoins, except to the extent that sometimes they have to make some comparison and contrasts which tend to be similar kinds of statements as me, which is fuck shitcoins.

Sure some of us might be wrong about the direction forward and the extent to which some of the shitcoin projects might need to be considered more seriously, but surely there seems to be ways to emphasize bitcoin, keep on our lazer eyes, stay focused on the prize and don't get too distracted about what some of the various shitcoins might be able to do some day.. when a lot of times they still likely boil down to 1) "why do you need a separate token" 2) "why are you building something separate from bitcoin, and not somehow linking to bitcoin or emphasizing bitcoin" 3) who are you trying to scam with your attempt to make yourself to appear either like bitcoin or sufficiently similar to bitcoin" and 4) maybe there are some others that I am forgetting at the moment, but that's the main idea.. and I see little to no reason to get distracted about shitcoins generally or talk favorably about them unless you might be suggesting that they are somehow connected to bitcoin ...  or describing how they relate to bitcoin or some purpose that any of us might want to fulfill on a temporary measure.. and let's say that I have some kind of need to use some shitcoin for a specific purpose that I believe bitcoin cannot fulfill, anything that i say here is not discouraging to use such shitcoin if it exists to fulfil such purpose, if such a purpose currently exists.

The guys who call their coin "Bitcoin killer" belong into the scam category in my opinion, but there are some projects trying to experiment with some stuff that does at least get me excited involved. Not necessarily as an investor, but as someone who gives the concept some thought or who tries it out once it went live.

I am glad that you are getting excited about some shitcoin project.. Hopefully you are not getting too distracted, and surely I am not even saying not to invest at all into those kinds of projects, so long as you do not lose track of what is the prize and even to figure out someway of getting involved or experimenting with the project that acknowledges that it may well ONLY be providing a kind of utility that either does not currently exist on bitcoin.. but it still is not doing the kinds of stuff that bitcoin is doing, so yeah, maybe you want to get some job in some non-bitcoin industry or even some bitcoin adjacent project, that should not stop you from recognizing and appreciating bitcoin as the king... and at the same time some other projects still do exist in the world.. such as there are real estate agents, and people need to live.. some people get excited about real estate related projects... are you going to pump your own coin or are you going to somehow try to figure out how to tie real estate into bitcoin.. if you have your own token or some way that seems to be scamming people then I am going to question the matter, but I am not going to automatically presume that you are a bad person merely because you are involved in some side project.. but I might question you if you seem to be engaging in bad analysis and not even questioning why they have a side token and how are they presenting their project, as compared to bitcoin.. are they at least acknowledging bitcoin as the king and that they are attempting to supplement bitcoin rather than to compete against bitcoin? 

Eventually I believe that quality and strength of the ecosystem will prevail. When the new smartphones came out, I remember that here were some companies trying to build cheap versions of it. But literally all of them disappeared and it took quite some time until viable cheaper options came into the market.

I am not completely opposed to the idea that other systems likely bring improvements on bitcoin, because sometimes there are ways in which other projects/products can serve as test grounds and then if what they test is good, then it can be absorbed into bitcoin to the extent that the cost of absorbing it does not seem to outweigh its liabilities, and for sure we already know that matters will not get absorbed into BTC's base layer very easily, but there are a lot of ways to still build on bitcoin or to build on bitcoin adjacent systems in order to make bitcoin better - including the various rabbit holes of lightning network too that can be built upon and likely improved upon.. or maybe there are ways in which some features, offerings of shitcoins might not fit well with bitcoin's base layer or even to built through something like lightning, but there might be some alternative way to attempt to peg such projects to bitcoin.. There are plenty of things going on, and still with your phone analogy, I see no reason to lose focus upon bitcoin as the prize and to be attempting to figure out how various products might be able to build on bitcoin or complement bitcoin.. even if there might be some competition aspects, but surely many times it is deceptive, inaccurate and/or misleading to be suggesting that the vast majority of other products are actually competing with bitcoin.. and most of them are already correlated to bitcoin and/or relying upon bitcoin's security and/or strength to even continue to maintain their own existence.

What I would like to understand from your comment is the bold part. I get the money printing part because that is what scammers intend to do. But I am convinced there will be applications where it makes sense to have them running on a separate network with higher throughput, lower cost and consequently less required security due to weaker validation design. But it would be a waste if these tokens were running on the Bitcoin blockchain or am I not understanding that correctly?

Do second layers need their own token or can they figure out some way to either link to bitcoin as a token or link to lightning network?  What is the purpose of the token - besides attempting to raise money.. which ends up being a kind of money printing?  Maybe we need to speak in terms of some specific project if you think that there is something that is not engaging in a kind of fund raising by issuing their own token.. .. and don't get me wrong, I am not completely excluding the possibility that there might not be some various use cases for having a separate token and having some honest way of describing how it is pegged and how it is assured that it is limited.. which is generally quite difficult to do... but just to say that is what is going to be done, when it does not end up playing out like that unless there are strong checks in place from the start regarding how it might be pegged to bitcoin or to something solid rather than to just words or projections about what is going to be done in order to get people to invest their time, energies and money in to such project prior to the rug pull or the exit scam....
 

I am aware of the ordinals thread and some say that congestion could be a problem. That was my reasoning now. Why let something run on top of Bitcoin when it could just be run on a separate blockchain and perhaps be anchored in the Bitcoin blockchain?

I don't see any problem with ordinals/inscriptions as they are currently becoming a thing in bitcoin, and sure there is a lot of stupid stuff in there, but I doubt that they are contrary to the various aspects of bitcoin that include the ability to store and to transact value (including information - and even seemingly dumb stuff and not very valuable stuff) so long as those transacting are paying the costs to transact and it is not otherwise interfering with bitcoin's workability.. and I do not consider the mere going up of fees to proclaim something as unworkable.. because right now we have abilities to transact on chain for pretty fucking low prices.. at least on chain is priced by weight of the transaction (number of inputs) versus transacting on lightning network to be more based on the value being transacted, so if the prices of even the smaller value transactions seem to be going up on the on chain transactions, then that should inspire more development and ways to transact on the lightning network.. at least for the lower fee transactions.. so maybe at some point it might become less feasible to transact on bitcoin for any transaction that is less than $100 or something like that.. but we are not there, yet even though there has been more demand on the BTC blockchain since the ordinals/inscriptions have become more common (and has ONLY been a couple of months for the going live of that development anyhow).
 

Do you think there won't be any other application where it makes sense that it has its own token? I wouldn't go so far because who knows what's on the horizon?

Sure there could be reasons for tokens, and it surely would help if there is some revelations regarding what the purpose of the token is, and not to be lying and deceiving about what the token is..   I think that ethereum should leave a lot of bad tastes in people's mouths regarding how badly the ideas of tokens can be abused, and so if nearly the whole project of ethereum is corrupted by its token (and tokenomics) there should be difficulties accepting that anything that is built upon ethereum has any level of credibility.. even if there might be good and honest people who work on ethereum related project or projects that rely on the ethereum ecosystem and are deceived into that bullshit.

I am not going to just assume that there is a need for a token.. but I am not saying that there might not be some circumstances in which tokens could be issued for some potentially legitimate purpose.. but again why?  there is plenty to do on bitcoin, so our comparison is bitcoin in terms of attempting to figure out how any such project might relate to bitcoin and how it might be connected to bitcoin, and then once we get past that, we might ask ourselves if there might be some further need for such token, and is it being talked about honestly or not.. and how do we know that it is being talked about honestly.. ?  What is the collateral and how is it shown/proven?

When it comes to digital gold, we don't need two digital golds. But when it comes to other use cases, it could make a lot of sense to have a coin or token different from Bitcoin.

I am not sure whether we are saying anything much different in this last part, except that you seem to be trying to justify or create an excuse for the creation of tokens, and sure if something already exists, then there might not be a reason to NOT use it.  If something exists and it has collateral, then sure, it may well be based in reality rather than just made up bullshit, and sure some tokens/projects exist based on the trustworthiness of the people in charge of it, but that could become problematic, but it does not suggest that we cannot or should not be using it in circumstances in which we might want to get utility out of such services.... so we do not live in a world of just going to bitcoin, and I have not been arguing that.  Specifically I have been suggesting to retain various allocations and to keep your eyes on the prize and fuck shitcoins.. so if there are some short term uses of shitcoins, then I am not going to morally judge you because you are using them, but if you are investing in them, then you may well have issues if you have taken your laser eyes off of the prize.. and perhaps forgotten how any of this might relate to bitcoin or if it is just a side hobby that you are playing around with 1% to 5% of your time/energies/psychology/finances.

[fillippone]

I made a little change to the spreadsheet:



Here I updated the parte where I check the total value of the bitcoin held by the company, to the total enterprise value, defined as the sum of the stocks market capitalisation, plus the total value of all the outstanding debt.
This means the value it must be repaid to the stock holders and to the bond holders to actually become the only owner of the firm.
This is done to take into account the leverage in the firm as they bought bitcoin taking a loan from the market.

[Bushdark]

They keep telling us not to invest in Bitcoin that the cryptocurrency market is volatile and we can lose our money at any slightest downward trend but they are the same persons that keep buying our holdings making us look like a non-risk-taker. Microstrategy had accumulated more than 140 thousand Bitcoin that worth billions of dollars and he's still ready to buy more at anytime.

These billionaires knows what they are doing, they know that the future of Bitcoin is going to be massive that is why they don't mind buying more quantities now that the price of Bitcoin is cheap and less expensive to accumulate. It is high time we wake us from our slumber and join the league(for those that have the funds to buy 🤔).

Here I updated the parte where I check the total value of the bitcoin held by the company, to the total enterprise value, defined as the sum of the stocks market capitalisation, plus the total value of all the outstanding debt.

The firm keep updating there Bitcoin portfolio to be one of the companies with highest number of Bitcoin. The way we are seeing it, Microstrategy is going to worth more when Bitcoin eventually reaches previous height to continue the previous bull trend.

image

I am not sure whether we are saying anything much different in this last part, except that you seem to be trying to justify or create an excuse for the creation of tokens, and sure if something already exists, then there might not be a reason to NOT use it.  If something exists and it has collateral, then sure, it may well be based in reality rather than just made up bullshit, and sure some tokens/projects exist based on the trustworthiness of the people in charge of it, but that could become problematic, but it does not suggest that we cannot or should not be using it in circumstances in which we might want to get utility out of such services.... so we do not live in a world of just going to bitcoin, and I have not been arguing that.  Specifically I have been suggesting to retain various allocations and to keep your eyes on the prize and fuck shitcoins.. so if there are some short term uses of shitcoins, then I am not going to morally judge you because you are using them, but if you are investing in them, then you may well have issues if you have taken your laser eyes off of the prize.. and perhaps forgotten how any of this might relate to bitcoin or if it is just a side hobby that you are playing around with 1% to 5% of your time/energies/psychology/finances.

Wow you write a lot in the right diction...soon going to follow your style but I doubt how consistent I could be.
Fantabulously intriguing 👀

[ginsan]

Btc reached the average buy rate made by MicroStrategy even they have reached the current profit point. I didn't expect this to be a pretty quick reversal in their current situation, because at the end of last year MicroStrategy had a losing percentage or minus 50% of their average buyout figure, but today they are already seeing gains in their portfolio.

I think the market is in a pretty good situation this month looks Bitcoin (BTC) market capitalization has increased by USD 194 billion or around IDR 2,980 trillion in 2023.

On a year to date (ytd) basis, bitcoin market capitalization is 66 percent ahead of the top banking stocks on wall street, mainly as fears of a global banking crisis increase. The six largest US banks, JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC), Morgan Stanley (MS), and Goldman Sachs (GS), have lost nearly USD 100 billion or around IDR 1,536 trillion in market value since the beginning of the year.

source : https://www.google.com/amp/s/www.liputan6.com/amp/5237162/kapitalisasi-pasar-bitcoin-tumbuh-60-persen-pada-2023-di-tengah-krisis-perbankan-global

[fillippone]

Made an infographic of all Bitcoin purchases by MicroStrategy, starting in August 2020, ending on April 5, 2023.

Very nice infographic.
You say that price tendo to go higher every time Micheal Saylor buys, but if you squint your eyes you will notice the opposite is quite true: the price falls in the hours, days after the purchase… someone with a funny sense of humour.

In addition to that, I would advise you to complete the infographic with information about the kind of money used to buy: operating profits, debt, or equity.
 

[franky1]

remember folks
for each buyer there is a seller

meaning it may seem like a institution buying big is a sign of buyer support.. but equally there are equal amount of coins being sold at same time which can also be sign of seller pressure

so dont take anything on face value. especially by the time it hits media.. because the actual demand/supply was dealt with before media knows

EG elon bought in december 2020 but news only began in february 2021 and market speculation occured there after which they wanted to blame elon as causing it

[Don Pedro Dinero]

remember folks
for each buyer there is a seller

meaning it may seem like a institution buying big is a sign of buyer support.. but equally there are equal amount of coins being sold at same time which can also be sign of seller pressure

So what? The important thing is that there is more demand than supply for the price to rise. With the limited supply of bitcoin and the growing demand we see from the general population and institutions like MSTR, the long-term price can only go up.

The fact that at any given time a buyer and a seller have to agree on the purchase and sale of x bitcoins is not nearly as important as the above.

[fillippone]

Also, an important thing to support the price in the “short period” is the different time preference of Microstrategy.
Micheal Saylor has always said he’s not going to sell soon, so every transaction means there is a certain amount of coins being taken out of the supply.

[fillippone]

This evening Microstrategy reported their Financial results:

MicroStrategy Announces First Quarter 2023 Financial Results

TYSONS CORNER, Va., May 1, 2023 - MicroStrategy® Incorporated (Nasdaq: MSTR) (“MicroStrategy” or the “Company”), the largest independent publicly-traded business intelligence company, today announced financial results for the three-month period ended March 31, 2023 (the first quarter of its 2023 fiscal year).
“The durability of our enterprise BI platform and the depth of our existing customer base continued to act as the drivers of growth in total revenue during the first quarter of 2023. The conviction in our bitcoin strategy remains strong as the digital asset environment continues to mature. Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,” said Phong Le, President and Chief Executive Officer, MicroStrategy.
“In Q1, we strengthened our capital structure by reducing leverage by fully repaying our bitcoin-backed loan. We also continued to strategically manage our balance sheet through the addition of 7,500 bitcoin in the quarter for a total of 140,000. Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,” said Andrew Kang, Chief Financial Officer, MicroStrategy.

Specifically on the digital assets report they had a very good result, given the stellar performance of the bitcoin this quarter.


Yet there are a few glimpses here and there when checked against my spreadsheet (that is confirmed losing something in the between, apparently.

	My Own Impairment Computation

	Impairment Computations from Microstrategy Earning Presentation

I guess the first reason why this is happening is because Microstrategy is considering last buy, announced in April, as it was during the first Quarter, as they stated they closed their last Duarte with 140,000 Bitcoins, while this sum was obtained only a few days after the closing of the quarter.

[Dunamisx]

This is coming in new as Microstrategy is set to reward with an instant bitcoin for every patronizing customers and employees for its service through the use of lightning network, this mean that bitcoin reward will be given to its employees and customers through the use of bitcoin lightning network. https://twitter.com/BitcoinMagazine/status/1654477362887790593?t=ZIv8TAOFN0HqDv83Fbhnbg&s=19 it could be recalled that microstrategy is determined to keep with the buying of bitcoin a d accumulating it for hodl while under the management of Michael Saylor, this time they are making use of the lightning network to give out incentives in bitcoin to their staffs and customers as announced.

[fillippone]

New buy!

[aysg76]

Saylor is unstoppable in this race as he has continuously invested to accumulate more and more bitcoins with MSTR and now it's the biggest institutional investor for bitcoin with 152,133BTC in total which is amazing.Now it has been great for him as he invested at lower price with average being $28,136 and now they are above $30k so he's already in profitable state with overall average price also.With the amount this big little pumps brings you good amount of profit and when it will be around $35k he will be in millions of dollars profit and then anybody would question him from the company also? The below tweet under this Saylor announcement is from CZ saying DCA works trying to promote his exchange so that people join it makes me look funny how decentralisation is being treated by those people to expect people to have funds in their custody.

[JayJuanGee]

Saylor is unstoppable in this race as he has continuously invested to accumulate more and more bitcoins with MSTR and now it's the biggest institutional investor for bitcoin with 152,133BTC in total which is amazing.Now it has been great for him as he invested at lower price with average being $28,136 and now they are above $30k so he's already in profitable state with overall average price also.With the amount this big little pumps brings you good amount of profit and when it will be around $35k he will be in millions of dollars profit and then anybody would question him from the company also? The below tweet under this Saylor announcement is from CZ saying DCA works trying to promote his exchange so that people join it makes me look funny how decentralisation is being treated by those people to expect people to have funds in their custody.

Of course, everyone gets a little bit cocky and smug when their BTC holdings are in profits, yet it seems to me that $35k is not going to be much of a thing for Saylor (it's only in the ballpark of 20% profits), and he is likely expecting that his BTC holdings will end up being in multiple profits in the years to come - and even those kinds of multiple profits does not end up happening in the short-term, BTC likely has good chances of outperforming many (if not all other assets), so bitcoin remains a good bet with upside potential that is not guaranteed even while it really does not matter very much about where bitcoin is at in the short term since bitcoin is a long term investment in which we likely don't need to get really preoccupied regarding the amount of our dollar profits (even though surely it does feel better to be in profits rather than not being in profits).

[arallmuus]

Of course, everyone gets a little bit cocky and smug when their BTC holdings are in profits

If I own that many btc, I'll probably be shaking my hands off when it gets below 10% of my buying price

and even those kinds of multiple profits does not end up happening in the short-term

He is probably not going to sell any of his holding on the next bull run supercycle or something. I dont know what his 'grand scheme' with all that bitcoins is but one of the option would be leveraging it in the future for huge amount of capital but even then Im not sure what he is going to do with all those money that he had piled up from accumulating bitcoins