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

[HelliumZ]

In 21 years, you'll wish you'd bought more.
The target is 2046, meaning that Bitcoin will reach $21 million in 21 years, according to the prediction of mega super investor Michael Sayler. So Michael Saylor is going to invest in Bitcoin again this week and his holdings will be in the Bitcoin Strategic Reserve of 592345. If Michael Saylor buys 7655 Bitcoins, his strategic reserve will be 600k. Will he hit the 600k milestone this week?

https://x.com/saylor/status/1939293144014606543?t=VYESB2hYEQ0tDS1Z0UyVTQ&s=19

[Just Common]

Michael Saylor posted the Saylor #Bitcoin tracker again
Strategy always announces another BTC purchase the next day .
https://x.com/BitcoinMagazine/status/1939293860921799088?t=j93U7ZeHJITz1Rwhw2f7pg&s=19

In 21 years, you'll wish you'd bought more.

Incredible to see Strategy's $64.28B BTC portfolio and that 48% unrealized gain!
The long-term vision for 21 years makes sense with BTC's growth from $0.10 to $100K+.
https://x.com/ABHODLs/status/1939294552940056611?t=HiJvZpkqVnWMuirzww0pzw&s=19



https://x.com/saylor/status/1939293144014606543?t=KDUUL1WMVSa9D9IN3-RViQ&s=19

[takuma sato]

Some are rotating into the Metaplanet trade because they have identified that's the fastest horse for now, but the SP500 inclusion of MSTR is not priced in, they will have passive flows outmatched by any other Bitcoin Treasury company. If they start buying at a new pace then the market will reprice this with a higher mNAV base.

[rdluffy]

...Will he hit the 600k milestone this week?
...

I don't think so yet
If I'm not mistaken, the updated sum is 592,345 BTC and this purchase shouldn't be too big yet to reach 600k BTC
Strategy needs to buy 7655 BTC, which would be about 822 million USD

I suspect that the purchase it will announce tomorrow won't be that big
I'm guessing around 100 million in BTC

[Popkon6]

In 21 years, you'll wish you'd bought more.
The target is 2046, meaning that Bitcoin will reach $21 million in 21 years, according to the prediction of mega super investor Michael Sayler. So Michael Saylor is going to invest in Bitcoin again this week and his holdings will be in the Bitcoin Strategic Reserve of 592345. If Michael Saylor buys 7655 Bitcoins, his strategic reserve will be 600k. Will he hit the 600k milestone this week?


https://x.com/saylor/status/1939293144014606543?t=VYESB2hYEQ0tDS1Z0UyVTQ&s=19

In this difficult situation, MSTR Company has once again released another Bitcoin purchase signal, collecting money for Bitcoin purchase, on social media. However, today's Bitcoin purchase signal hopes to complete the purchase of 600k Bitcoin, because this aggressive purchase of MSTR Company gives strength to more unique companies to purchase Bitcoin.
Seeing them, various companies and various individuals are getting courage to purchase Bitcoin, because in a few years, Michael Saylor has built a mountain of Bitcoin holdings as a result of aggressive Bitcoin.

[Free Market Capitalist]

I don't think so yet
If I'm not mistaken, the updated sum is 592,345 BTC and this purchase shouldn't be too big yet to reach 600k BTC
Strategy needs to buy 7655 BTC, which would be about 822 million USD

I suspect that the purchase it will announce tomorrow won't be that big
I'm guessing around 100 million in BTC

I think the same thing, I think the market is not bullish enough for a nearly $1B buy. Although it may sometimes surprise us, Saylor buys to the extent it has money available and it doesn't look like the price sideways of for huge ATM sales of various products (not just common stock, but STRK or STRF as well). But we can't know if maybe a given investment fund will make a big purchase from Strategy this week.

[As-Soon-As]

Grok estimates over $31 billion in capital to flow into Strategy during the 6 months following their potential S&P 500 inclusion.

Sept - $15 billion
Oct - $10 billion
Nov - $3 billion
Dec -  $2 billion
Jan - $1 billion
Feb - $0.5 billion
Source link
Q3-Q4 is going to be absolutely insane.



Grok has provided an estimate of how much capital they will see in the next six months as a result of their ongoing investment. MSTR's investment has placed them at the top of the historical Bitcoin companies in the world today. And they have gained recognition as a historical company in the world as a result of their aggressive purchase of Bitcoin.

[slaman29]

I suspect that the purchase it will announce tomorrow won't be that big
I'm guessing around 100 million in BTC

Is it crazy to see that 100 m is not considered big anymore, but that just goes to show how powerful BTC already is and gonna be in the near future. I'm still not sure if I'm 100% positive that one guy's company is accumulating so much. While we're all scraping for mbtcs But I guess doing is better than talking. Even El Salvador can't beat this guy.

[arwin100]

I suspect that the purchase it will announce tomorrow won't be that big
I'm guessing around 100 million in BTC

Is it crazy to see that 100 m is not considered big anymore, but that just goes to show how powerful BTC already is and gonna be in the near future. I'm still not sure if I'm 100% positive that one guy's company is accumulating so much. While we're all scraping for mbtcs But I guess doing is better than talking. Even El Salvador can't beat this guy.

Because the volume is increasing and that millions cannot affect on the market anymore if there's someone think about manipulating the market and use that amount.

We don't know what's going to happen here and let see if that situation you have mentioned like a single company is dominating could give bad effect on Bitcoin in future. But hopefully they won't do any nasty thing and think about killing the market especially if they think about taking the profit. For now let's enjoy those thing they do since we can't deny that those accumulations they did add more demand for Bitcoin.

[fillippone]

MICROSTRATEGY PURCHASES 4,980 BITCOINS BETWEEN JUN 23 - JUN 29 AT AN AVERAGE OF $106,801 (TOTAL: $531.90M)

[criptoevangelista]

Could there be some kind of market manipulation to prevent Strategy from being eligible to join the S&P 500? Maybe only an apocalyptic event would be enough to crash BTC’s price and negatively impact Saylor’s company’s quarterly balance sheet... If it finally gets listed, it would be very, very interesting for BTC, since several investment funds would be forced to buy shares of Saylor’s company, and Saylor converts everything into BTC anyway. What do you guys think?

[rdluffy]

MICROSTRATEGY PURCHASES 4,980 BITCOINS BETWEEN JUN 23 - JUN 29 AT AN AVERAGE OF $106,801 (TOTAL: $531.90M)

Wow, much more than I expected

They have 597,325 BTC right now, one more purchase of 289 million USD (2675 BTC) and they will reach 600k 
Less than a month probably
More than a half billion in this purchase, the man is not stopping

[Just Common]

https://x.com/BitcoinNewsCom/status/1939656257733791848?t=7nDgZP-y1yAqzlBlbOMdzg&s=19

[Taskford]

MICROSTRATEGY PURCHASES 4,980 BITCOINS BETWEEN JUN 23 - JUN 29 AT AN AVERAGE OF $106,801 (TOTAL: $531.90M)

Its really nice seeing them doing good and continuously be more consistent on their accumulation.

I think I understand why their CEO sold their shares https://coinpedia.org/news/why-are-microstrategy-insiders-selling-millions-in-stock-while-bitcoin-booms/ Maybe they add it up on their current accumulated BTC volume.

Now its great to see them crossing nearly at $600k since this is really a great milestone they achieve since they start buying Bitcoin. MicroStrategy is really notable for its support on Bitcoin.

[Ambatman]

Could there be some kind of market manipulation to prevent Strategy from being eligible to join the S&P 500?

Not that I'm aware of, because if there was especially via price we should be seeing Bitcoin below $95K
The beautiful depth of the market is that no institution can secretly affect the price to such level.
The market is now becoming a Sea.

What do you guys think?

It would place a form of legitimacy in the sight of those still skeptical and less knowledgeable.
Bullish for Bitcoin and MSTR but I expect a little pushback in adding strategy to S&P 500
They would always find a reason to slow things down.

[Bd officer]

MICROSTRATEGY PURCHASES 4,980 BITCOINS BETWEEN JUN 23 - JUN 29 AT AN AVERAGE OF $106,801 (TOTAL: $531.90M)

Wow, MicroStrategy has bought Bitcoin on a large scale again. Last week they bought less than expected, they bought 245 BTC last week. Although we don't know about their plans, we don't know how many Bitcoins they plan to buy. However, they are only 2675 BTC away from hitting the 600k BTC milestone. Their current holdings are 597325 BTC, hopefully they will hit the 600k milestone next month.

[Bluedrem]

MICROSTRATEGY PURCHASES 4,980 BITCOINS BETWEEN JUN 23 - JUN 29 AT AN AVERAGE OF $106,801 (TOTAL: $531.90M)

That is, Michael Saylor/MSTR has taken 2.82% of the maximum supply of Bitcoin to date.
According to MicroStrategy, if (100÷2.82)=35.46, If, 36 big whales or companies hold Bitcoin, then the total supply of Bitcoin will be exhausted.
The limited supply of Bitcoin and its maximum popularity and acceptance have made it increasingly valuable by protecting its assets from inflation and maintaining its correct value.
From this, it can be understood how bright the future of Bitcoin is.
Let's see what percentage of Bitcoin MicroStrategy holds in the future.

[criptoevangelista]

Could there be some kind of market manipulation to prevent Strategy from being eligible to join the S&P 500?

Not that I'm aware of, because if there was especially via price we should be seeing Bitcoin below $95K
The beautiful depth of the market is that no institution can secretly affect the price to such level.
The market is now becoming a Sea.

What do you guys think?

It would place a form of legitimacy in the sight of those still skeptical and less knowledgeable.
Bullish for Bitcoin and MSTR but I expect a little pushback in adding strategy to S&P 500
They would always find a reason to slow things down.

I think it's hard for them to find a way to delay things now. We have institutional players with real weight in the market, like BlackRock and many other investment funds, across several countries. The narrative has changed, Bitcoin is in the hype phase. This will bring us the final price explosion, but it’s also what will trigger the next bear market. I’m a bit concerned about how these companies (not counting Saylor/Strategy) will behave when Bitcoin drops 70–80%. Leverage and hype will end up destroying many of them.

[The Sceptical Chymist]

MSTR's investment has placed them at the top of the historical Bitcoin companies in the world today.

I'm guessing you're relatively young, probably mid-20s or younger (I could be wrong, yes) because those words I put in bold just do not compute.  What in the world constitutes a corporation being historical with respect to bitcoin?  Compared to gold, cash, bonds, Berkshire Hathaway stock, and even my grandmother bitcoin is still a baby.

Also....is MSTR actually a "bitcoin company" or does it still contain remnants of its original business (whatever the fuck that was, software?  Nobody knows or even cares anymore).  I'm so done cheering on Michael Saylor.  Any CEO of a company who's buying and stockpiling an asset with corporate funds and then hyping that asset up from the mountain tops is acting unethically.  If another CEO happened to do that with a stock or something else, I bet the SEC might have a problem with it.

And they have gained recognition as a historical company in the world as a result of their aggressive purchase of Bitcoin.

Did you know Evel Knievel gained enormous recognition by performing so many motorcycle stunts that he broke nearly every bone in his body?  Or that Brandon Vedas made his internet name known by overdosing on drugs while chatting about it on IRC?

My point is, what's your point?

[Free Market Capitalist]

Any CEO of a company who's buying and stockpiling an asset with corporate funds and then hyping that asset up from the mountain tops is acting unethically. 

Unethycally according to what moral rules?

If another CEO happened to do that with a stock or something else, I bet the SEC might have a problem with it.

You yourself cited Berkshire Hataway, whose business model consists of stockpiling shares of companies.