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

[passwordnow]

People talk the bullshit about Saylor buying the dip all of the time, and the truth of the matter is that Saylor is buying at whatever the BTC price happens to be when he has the cash available to buy (like ginsan mentioned too), so if you read the little blurb above, such blurb already shows that Saylor was buying at an average of $60,408.. sure a bit of a dip as compared to where the BTC price was in late August but not really seeming to be buying on the dip as you proclaim but instead more of a dollar cost averaging approach to be buying at whatever the BTC price happens to be when the cash is available to him.

That is true, he buys at any level whenever he's ready to do that and just like yesterday[1] around $1.1B of purchase. He's the real guy that applies the tip that we're saying about dollar cost average and he's literally doing that, dips or not, pumps and tops, he's buying.

[1] MicroStrategy stock pops 8% after company ups bitcoin holdings to $14.6 billion

[Poker Player]

To me what's crazy about this is that he's pitching investors that he's going to give them yield in bitcoin.

I said here a while ago that I bought shares of MSTR and sold them after a while with profits.

I have now bought back in because of this. Obviously it is a small part of my total investments and I am aware that it is a bitcoin derivative product with leverage.

Now, just as companies want to reward the shareholder via capital appreciation, managing the compant well and with share buybacks, and/or with dividends, they all do it based on the dollar or their local currency.

That Saylor is proposing to reward shareholders with a yield of between 4 and 8% in bitcoin over the next few years, having been 17% this year, is a total novelty and I think the key to its success. The dollar will continue to depreciate for sure and bitcoin in the long term will almost certainly appreciate as well. An 8% of a company in dollars, which is quite a good yield, is going to be a laugh compared to this.

[Hazink]

People talk the bullshit about Saylor buying the dip all of the time, and the truth of the matter is that Saylor is buying at whatever the BTC price happens to be when he has the cash available to buy (like ginsan mentioned too), so if you read the little blurb above, such blurb already shows that Saylor was buying at an average of $60,408.. sure a bit of a dip as compared to where the BTC price was in late August but not really seeming to be buying on the dip as you proclaim but instead more of a dollar cost averaging approach to be buying at whatever the BTC price happens to be when the cash is available to him.

That is true, he buys at any level whenever he's ready to do that and just like yesterday[1] around $1.1B of purchase. He's the real guy that applies the tip that we're saying about dollar cost average and he's literally doing that, dips or not, pumps and tops, he's buying.

[1] MicroStrategy stock pops 8% after company ups bitcoin holdings to $14.6 billion

Just a simple question, Is Michael Saylor the one buying all these bitcoins, or are all the bitcoin purchases that are being done for Micro Strategy as a company that Michael Saylor is part of?
 
Michael Saylor is also part of the decision-maker of the company, but I don't think all the decisions to buy when ever they are being done by him should have some support and decisions from others too, which they will all have to come to an agreement on when is the right time to use the available resources for bitcoin purchases.

[ginsan]

Just a simple question, Is Michael Saylor the one buying all these bitcoins, or are all the bitcoin purchases that are being done for Micro Strategy as a company that Michael Saylor is part of?
 
Michael Saylor is also part of the decision-maker of the company, but I don't think all the decisions to buy when ever they are being done by him should have some support and decisions from others too, which they will all have to come to an agreement on when is the right time to use the available resources for bitcoin purchases.

Saylor is the owner of the microstrategy company and if You ask who bought Bitcoin in the Microstrategy treasury then the answer is Saylor. Even saylor who always announces that he has bought btc at X. We do not know how their process is in planning something, but I admit that Mr. Saylor is a changemaker for microstrategy in Bitcoin investment.

Saylor's success in accumulating more Btc has made many other companies follow their steps to make Bitcoin a company treasury asset. So what is the conclusion for us, of course do not sell our btc ownership because many companies are queuing to buy more BTC.

[JayJuanGee]

Just a simple question, Is Michael Saylor the one buying all these bitcoins, or are all the bitcoin purchases that are being done for Micro Strategy as a company that Michael Saylor is part of?
 
Michael Saylor is also part of the decision-maker of the company, but I don't think all the decisions to buy when ever they are being done by him should have some support and decisions from others too, which they will all have to come to an agreement on when is the right time to use the available resources for bitcoin purchases.

Saylor is the owner of the microstrategy company and if You ask who bought Bitcoin in the Microstrategy treasury then the answer is Saylor. Even saylor who always announces that he has bought btc at X. We do not know how their process is in planning something, but I admit that Mr. Saylor is a changemaker for microstrategy in Bitcoin investment.

Ever since MSTR/Saylor announced MSTR's bitcoin strategy in August 2020 (the beginning of this thread and information contained in OP), Saylor has been MSTR's main spokesperson in regards to bitcoin strategies that the company has been taking.  Even though MSTR is a publicly traded company, Saylor has retained quite a large ownerhip stake and even leadership role in various aspects of the company, and especially their bitcoin related ventures. A few years ago, he did give up CEO position that would oversee the companies other business (software operation), yet he could probably take that position back if he were to want to.

Saylor is in a bit of a unique position, since there are not too many public companies that have such majority ownership in one person and also seems to profitably cashflow so much in its software business, though most folks consider that MSTR has mostly transformed itself into a bitcoin-focused (bitcoin accumulating) company.

There were some initial reports from Saylor that he had personally accumulated close to 18k BTC in his personal stash in around mid-2020 prior to the company's purchasing of BTC, and also there were inferences that he may have been using some of his sales of shares in early 2023 (or something like that) ended (or was it early 2024) resulted in his buying hundreds of millions of dollars more BTC into his personal stash, yet I think that there is no real solid admissions from Saylor regarding his personal stash, except I think that he has proclaimed that he had never sold any of his personal bitcoin, and he even had suggested from time to time that he had bought more BTC in his personal stash.

Saylor's success in accumulating more Btc has made many other companies follow their steps to make Bitcoin a company treasury asset. So what is the conclusion for us, of course do not sell our btc ownership because many companies are queuing to buy more BTC.

Even though Saylor has been being quite public about his bitcoin buys and even giving trainings for other companies to follow his playbook (the MSTR bitcoin buying playbook), including a training that he gave in February 2021 (and surely several other ongoing BTC outreaching that he has been doing), yet it is a bit surprising that we do not hear about more companies following Saylor's playbook, even though there do seem to be some that follow some variation of Saylor's playbook.. At the same time, it seems that there are not too many companies in a position to really employ their playbook as extensively as Saylor has done with MSTR.. including that many of us have proclaimed that Saylor is a bit extreme (and he even admits so, even though he does not self-identify as a "psycho") in regards to the amount of financial leveraging that he has been ongoingly employing to continue to purchase large stacks of bitcoin.

[Poker Player]

Even though Saylor has been being quite public about his bitcoin buys and even giving trainings for other companies to follow his playbook (the MSTR bitcoin buying playbook), including a training that he gave in February 2021 (and surely several other ongoing BTC outreaching that he has been doing), yet it is a bit surprising that we do not hear about more companies following Saylor's playbook...

Well, at the moment I'm sure more than one board is thinking about it, seeing that its strategy has led MSTR to be the most profitable company in recent years, even more than Nvidia. If the next few years continue in the same way I think that companies will join en masse.

Saylor himself explained in a video that one of the obstacles is that the big banks do not have permission to buy and hold bitcoin for the moment. Most companies have been with the same bank forever and all they want is to be able to make a call, and tell JPMorgan or BoA to buy $1B in bitcoin and hold it in custody. At the moment they can only do it with Coinbase or similar and that puts them off.

[eightdots]

Even though Saylor has been being quite public about his bitcoin buys and even giving trainings for other companies to follow his playbook (the MSTR bitcoin buying playbook), including a training that he gave in February 2021 (and surely several other ongoing BTC outreaching that he has been doing), yet it is a bit surprising that we do not hear about more companies following Saylor's playbook...

Well, at the moment I'm sure more than one board is thinking about it, seeing that its strategy has led MSTR to be the most profitable company in recent years, even more than Nvidia. If the next few years continue in the same way I think that companies will join en masse.

Saylor himself explained in a video that one of the obstacles is that the big banks do not have permission to buy and hold bitcoin for the moment. Most companies have been with the same bank forever and all they want is to be able to make a call, and tell JPMorgan or BoA to buy $1B in bitcoin and hold it in custody. At the moment they can only do it with Coinbase or similar and that puts them off.

In fact, companies would not miss such opportunities and would invest with this strategy to bring their companies to a better level. Many companies have not implemented this strategy so far, but this does not mean that they will not. Bitcoin always finds new investors. Of course, companies have similar strategies in their future plans and will announce that they invest in Bitcoin over time. Time always works in favor of Bitcoin.

When the permissions Saylor said about banks are granted, a major obstacle may have been overcome. The moves that large banks will make for Bitcoin investments will allow many investors and companies like MicroStrategy to make big profits.

[DiMarxist]

These are some of the reasons why Michael Saylor regularly buying bitcoin at all seasons.

Being the CEO of MicroStrategy Company and he also knew the important of bitcoin. Saylor knows the uniqueness of bitcoin and it store of value in the future. He knows that bitcoin is better than gold and other assets. And his strong believe is that bitcoin price will increase because it has a limited supply in the market and one day global adoption will take place. And once the limited supply of the 21 millions bitcoin are mined then bitcoin will be very scarce and he will make a good profit from the investment and that is whey he is investing for a long term and hodling continuously.
And Saylor's approach of investment is the best approach ever and it is only few persons understand it and follow up.

[reefsea]

In fact, companies would not miss such opportunities and would invest with this strategy to bring their companies to a better level. Many companies have not implemented this strategy so far, but this does not mean that they will not. Bitcoin always finds new investors. Of course, companies have similar strategies in their future plans and will announce that they invest in Bitcoin over time. Time always works in favor of Bitcoin.

When the permissions Saylor said about banks are granted, a major obstacle may have been overcome. The moves that large banks will make for Bitcoin investments will allow many investors and companies like MicroStrategy to make big profits.

even hundreds of companies or more have bought a lot of btc, but they are silent on social media. Of course they follow in the footsteps of saylor or MicroStaregy but they will not reveal it because they do not want their footsteps to be based on the superiority of other companies while they compete in the competition of the products they market.

I also found several large companies that have bought bitcoin in large amounts such as Tesle, Coinbase, Hut 8 Mining Corp, Riot Platforms, Inc. Galaxy Digital Holdings, Block, Inc, CleanSpark and Bitcoin Group SE.

Source : https://decrypt.co/47061/public-companies-biggest-bitcoin-portfolios

[passwordnow]

That is true, he buys at any level whenever he's ready to do that and just like yesterday[1] around $1.1B of purchase. He's the real guy that applies the tip that we're saying about dollar cost average and he's literally doing that, dips or not, pumps and tops, he's buying.

[1] MicroStrategy stock pops 8% after company ups bitcoin holdings to $14.6 billion

Just a simple question, Is Michael Saylor the one buying all these bitcoins, or are all the bitcoin purchases that are being done for Micro Strategy as a company that Michael Saylor is part of?
 
Michael Saylor is also part of the decision-maker of the company, but I don't think all the decisions to buy when ever they are being done by him should have some support and decisions from others too, which they will all have to come to an agreement on when is the right time to use the available resources for bitcoin purchases.

We don't know that part but he's announcing it so it means that he's part of the buying process. Whether he's actually the one that does all of the purchases but I think he's the deciding when to buy it and then his people/staff are just following the orders from him. And once it's done for MSTR, he'd announce it. It's a company decision so basically, it's either the boards have agreed if it's only Michael to do all of the decision or they do closed door meetings and agreements first before any purchase.

[Akbarkoe]

In fact, companies would not miss such opportunities and would invest with this strategy to bring their companies to a better level. Many companies have not implemented this strategy so far, but this does not mean that they will not. Bitcoin always finds new investors. Of course, companies have similar strategies in their future plans and will announce that they invest in Bitcoin over time. Time always works in favor of Bitcoin.

When the permissions Saylor said about banks are granted, a major obstacle may have been overcome. The moves that large banks will make for Bitcoin investments will allow many investors and companies like MicroStrategy to make big profits.

even hundreds of companies or more have bought a lot of btc, but they are silent on social media. Of course they follow in the footsteps of saylor or MicroStaregy but they will not reveal it because they do not want their footsteps to be based on the superiority of other companies while they compete in the competition of the products they market.

I also found several large companies that have bought bitcoin in large amounts such as Tesle, Coinbase, Hut 8 Mining Corp, Riot Platforms, Inc. Galaxy Digital Holdings, Block, Inc, CleanSpark and Bitcoin Group SE.

Source : https://decrypt.co/47061/public-companies-biggest-bitcoin-portfolios

Surely there will be many companies that enter bitcoin even though they will not reveal themselves, because some of them still believe that bitcoin is a very risky asset than the stock market or others, so they prefer to remain silent rather than speak explicitly like Saylor and MicroStrategy.



If seen from here in a matter of one year from the beginning of 2023 to January 1, 2024 the increase in the price of bitcoin increased by approximately 195%, and from any investment it is very rare to provide capital gains of up to that size within 1 year, it will certainly be tempted by how MicroStrategy benefits from bitcoin investment, and then more companies will enter to buy bitcoin.

[DiMarxist]

More Bitcoin purchasing power to Microstrategy Company.

MicroStrategy will launch bonds worth $700 million, aiming to use the proceeds to purchase BTC.

Source: Crypto Pulse Nigeria and MicroStrategy Raises $700 Million Through New Convertible Bond Issue and base on the goal Michael Saylor has on Bitcoin, he is ready to purchase Bitcoin whenever there is Cash available.

[Dailyscript]

Even though Saylor has been being quite public about his bitcoin buys and even giving trainings for other companies to follow his playbook (the MSTR bitcoin buying playbook), including a training that he gave in February 2021 (and surely several other ongoing BTC outreaching that he has been doing), yet it is a bit surprising that we do not hear about more companies following Saylor's playbook...

Well, at the moment I'm sure more than one board is thinking about it, seeing that its strategy has led MSTR to be the most profitable company in recent years, even more than Nvidia. If the next few years continue in the same way I think that companies will join en masse.

Saylor himself explained in a video that one of the obstacles is that the big banks do not have permission to buy and hold bitcoin for the moment. Most companies have been with the same bank forever and all they want is to be able to make a call, and tell JPMorgan or BoA to buy $1B in bitcoin and hold it in custody. At the moment they can only do it with Coinbase or similar and that puts them off.

In fact, companies would not miss such opportunities and would invest with this strategy to bring their companies to a better level. Many companies have not implemented this strategy so far, but this does not mean that they will not. Bitcoin always finds new investors. Of course, companies have similar strategies in their future plans and will announce that they invest in Bitcoin over time. Time always works in favor of Bitcoin.

When the permissions Saylor said about banks are granted, a major obstacle may have been overcome. The moves that large banks will make for Bitcoin investments will allow many investors and companies like MicroStrategy to make big profits.

I agree with you Micro strategy isn't bad after all. It's just important that companies should carefully evaluate the circumstances and objectives around them before adopting a strategy. And not blindly adopting one without consideration of risk tolerance, financial goals, and regulatory compliance. Micro strategy has been giving more attention and new companies are willing to adopt the strategy like it is the only existing one for big companies. Other approaches are similar or different but more suitable for new companies. For example, they may accumulate Bitcoin gradually with time or prefer to allocate a fixed percentage of their treasury reserves to Bitcoin. Such would work well still. Legal devices and regulatory issues may hinder Mirco's strategy in the future what would companies who considered it as the best mean would do?

[DeathAngel]

You have to have full admiration for the fully committed strategy that Saylor has. He is hoovering up a big % of the supply & show no sign of stopping. I wonder if the plan is to acquire 5% of all the Bitcoin that will ever be mined? Either way, MSTR is now doing so much better than it was previously, another proof that Bitcoin = winning.