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

[Popkon6]

Michael Saylor Says $1 BTC Price Wouldn’t Liquidate MicroStrategy — Just Make Them Buy More

Bitcoin’s rally to fresh records this month has revived a familiar refrain from Michael Saylor: even an extreme downside move wouldn’t force his company out of its core trade.
In recent interviews and coverage, Michael Saylor says that Bitcoin could go to $1 and MicroStrategy would not get liquidated, “buy all the Bitcoin.”

Source link: https://zycrypto.com/michael-saylor-says-1-btc-price-wouldnt-liquidate-microstrategy-just-make-them-buy-more/

Look at how confident Michael Saylor is in investing in Bitcoin, and he said in an interview that even if Bitcoin can go to one dollar, Microstrategy will never move away from holding Bitcoin as its main goal. And he has gained more confidence in this dumping moment and during the short tip, he has said to buy Bitcoin with more confidence and will remain steadfast on buying Bitcoin for a longer period.
No matter how bad the situation is, his company Microstrategy will not be deprived of buying Bitcoin, of course Microstrategy company gives their confidence to various treasury companies to give more strong signals to Bitcoin.

[Free Market Capitalist]

Michael Saylor Says $1 BTC Price Wouldn’t Liquidate MicroStrategy — Just Make Them Buy More

Well, that's an exaggerated example of an almost impossible scenario. If bitcoin fell to $1, it would probably end up at $0. But what he wants to illustrate is that if bitcoin fell sharply in price, he and many other companies and investors would rush to buy en masse, which would soon cushion the fall. We are no longer in a retail era where people will sell out of panic, allowing declines of 80% or more. This is a mature asset, and institutional investors do not get carried away by panic.

[Taskford]

I saw a very interesting thread on X the other day, about the inevitable fall of MSTR because of the "volatility engine" setup by Michael Saylor inevitably broke.
i wanted to post it here, but I am not able to find it here.
Can someone recover it? I remember only the concept that Saylor mispriced the volatility embedded in the convertible, selling it too low to the HF, which then profited big time with volatility. Now that volatility is gone, there is not much to profit..
Note to self, always bookmark an interesting tweet.

Don't see those tweet you are seeking on X.

But maybe this articles might helpful to see those things you want to know.

https://ambcrypto.com/saylors-mstr-u-turn-sparks-criticism-but-680-target-remains-untouched/

https://coingape.com/michael-saylor-flips-on-mstr-stock-issuance-rules-as-strategy-loses-bitcoin-premium/

https://coincentral.com/mstr-stock-plunges-7-as-saylor-reverses-mnav-dilution-promise/

Those article are new released so maybe you can find something helpful things in that articles. I'm curious to see those things you have mentioned tweeted on X since somehow that is interesting topic to read.

[Qhunman]

https://x.com/pete_rizzo_/status/1958394241341956209?s=19

[JayJuanGee]

Michael Saylor Says $1 BTC Price Wouldn’t Liquidate MicroStrategy — Just Make Them Buy More

Well, that's an exaggerated example of an almost impossible scenario. If bitcoin fell to $1, it would probably end up at $0. But what he wants to illustrate is that if bitcoin fell sharply in price, he and many other companies and investors would rush to buy en masse, which would soon cushion the fall. We are no longer in a retail era where people will sell out of panic, allowing declines of 80% or more. This is a mature asset, and institutional investors do not get carried away by panic.

I don't like the example.  It is too unrealistic, and like you mentioned would pretty much be the scenario of bitcoin going to zero.

Even something like $5k per bitcoin is almost impossible (and almost like a scenario of bitcoin going to zero), but at least $5k or $10k or even $20k even though quite unlikely are more within grasp and dealing within somewhat realistic boundaries within unlikely scenarios

It seems that when Saylor talks about bitcoin going to $1 he is not really grappling with how dire that would be.. yet even the route down to $1 there would be several companies and individuals running out of money because they had been already buying on the way down.. which we see that so often when the BTC price goes down beyond expectations including that in 2021 and into early 2022, there were so many bitcoiners who were considering that the 200-WMA was the absolute bottom the absolute bottom that the BTC price could go

So when the Terra Luna thing blew up in May/June 2022, the 200-WMA was then at $22k, yet the BTC price was in the upper $30ks and quickly dropped to the lower $30ks, and that was such an outrageous event that it had become clear that $30k was likely not going to hold as support, so then going into the lower $20ks also became realistic and we were already seeing contagion and cascading reckening of folks.. and even when the price went below the 200-WMA, there continued to be more sellers than buyers including FTX selling whatever BTC they had whenever the BTC had any kind of bounce, so I recall all of the bigger players who had been talking  about buying the dip at $30k no longer talking about buying the dip and also no longer actually buying the dip, which is part of the reason why we spent almost 10 weeks below $20k and got as low at $15,479.  In late 2022, Saylor/MSTR was not buying and/or announcing any excitements about buying (not that he was ever a buy the dip guy, he was frequently criticized for his buying at any price kind of a guy).

A big game can be talked until we get there, and surely Saylor is not incorrect that the big players will be buying on the way down, yet they would long run out of money unless they sold on the way down and then bought back at a lower price, or some of the folks in other industries are the ones who would buy the bottom, if BTC were still to be viable at those kinds of lower prices.

I understand why Saylor is framing the matter as he is in order to largely avoid the topic, including that in 2022 Saylor was initially saying that he was going to need to recollateralize if the BTC price reached the lower $20ks, and then after he recollateralized, then he started saying that the BTC price would have to reach the lower $3ks before he would have to recollateralize again, yet of course, Saylor/MSTR moved away from the practice of having their BTC encumbered or in need of being collateralize, so many MSTR/Saylor critics do not even understand the way that Salyor/MSTR have largely put their assets in BTC and their liabilities in dollars/fiat.. so they pretty much own all of the assets without encumbrances, yet at the same time, if we were to visit the 200-WMA again (which is currently at about $51.7k) or if we were to go 35% below the 200-WMA like we did at the peak of the dip (that would bring us to $33.6k currently), yet perhaps $40k in the month or two that it could take to get there...

Those low numbers seem almost impossible absent some pretty major catastrophe / shenanigans, such as Coinbase playing out like some variation of FTX.. or some other major issue with the bitcoin code or even coordinated governmental attacks... and we can imagine some kinds of events that would involve some players learning about the event(s) prior to other players, so the ones who find out early might end up selling earlier in order to buy back low if the matter were to be resolvable...

There have always been some presentation of outlier scenarios that could happen in bitcoin in which so far in bitcoin's history there have been guys who give those negative outlier scenarios way more probability than they deserve and those naysaying and/or bitcoin bashing guys end up as bitter no coiners, low coiners or perhaps previously owning coiners.. and so far in history, they have had fun staying poor.. yet, sure past performance does not guarantee future performance.

[Just Common]

https://x.com/saylordocs/status/1958571046178553977?t=MsHhVkuRtxGF-5JjuPi3dA&s=19

[fillippone]

https://x.com/pete_rizzo_/status/1958394241341956209?s=19

Yet, even if all the criteria grant inclusion, it is still subject to a panel of approval. If this panel, the S&P Dow Jones Indices Committee, denies the inclusion, the stock cannot be included.
In the past, TSLA has been denied admission for a few quarters.

[MithiRM]

......

Yet, even if all the criteria grant inclusion, it is still subject to a panel of approval. If this panel, the S&P Dow Jones Indices Committee, denies the inclusion, the stock cannot be included.
In the past, TSLA has been denied admission for a few quarters.

True, the committee has the final say but now that MSTR ticks every box with sustained earnings, denial would look like an active choice to exclude Bitcoin exposure. That makes approval more likely than TSLA’s first attempt.

[fillippone]

......

Yet, even if all the criteria grant inclusion, it is still subject to a panel of approval. If this panel, the S&P Dow Jones Indices Committee, denies the inclusion, the stock cannot be included.
In the past, TSLA has been denied admission for a few quarters.

True, the committee has the final say but now that MSTR ticks every box with sustained earnings, denial would look like an active choice to exclude Bitcoin exposure. That makes approval more likely than TSLA’s first attempt.

I guess we will know more on the next rebalancing, taking place toward the end of September with a decision in the first week of the month (meeting expected from 5 to 12 of September).
I guess the bias against Strategy will be higher than the one against TSLA, potentially delaying a positive inclusion in the index.

[Popkon6]

Michael Saylor Says $1 BTC Price Wouldn’t Liquidate MicroStrategy — Just Make Them Buy More

Well, that's an exaggerated example of an almost impossible scenario. If bitcoin fell to $1, it would probably end up at $0. But what he wants to illustrate is that if bitcoin fell sharply in price, he and many other companies and investors would rush to buy en masse, which would soon cushion the fall. We are no longer in a retail era where people will sell out of panic, allowing declines of 80% or more. This is a mature asset, and institutional investors do not get carried away by panic.

In my speech, I wanted to explain exactly as you did, but it was not clear. What I wanted to say is that no matter how sharply the price of Bitcoin drops, Microstrategy Chairman Michael Saylor will continue to buy Bitcoin. And more and more treasury companies will become more aggressive and buy Bitcoin, so the Bitcoin market will remain strong, because where there are different countries, different companies and unique whale Bitcoin holders, there will not be a major correction in the Bitcoin price, I consider this current market dumping to be a general correction, it creates an opportunity for investors to buy Bitcoin.

[Just Common]

STRATEGY IS STACKING 785.3 BTC/DAY 🔥

H/t: @rohanhirani_






https://x.com/TheBTCTherapist/status/1958687380749074802?t=zWx76svaZyONqveJN8Lcfw&s=19

[BTC_pokaop]

What I wanted to say is that no matter how sharply the price of Bitcoin drops, Microstrategy Chairman Michael Saylor will continue to buy Bitcoin. And more and more treasury companies will become more aggressive and buy Bitcoin, so the Bitcoin market will remain strong, because where there are different countries, different companies and unique whale Bitcoin holders, there will not be a major correction in the Bitcoin price, I consider this current market dumping to be a general correction, it creates an opportunity for investors to buy Bitcoin.

There is no possibility of a major fall in the price of Bitcoin as before. Currently, famous companies in the world have started holding Bitcoin for the long term and various countries in the world are holding Bitcoin as a strategic reserve, which is why there is no possibility of a major fall. Maybe due to some negative news, there is a slight correction, today the price of Bitcoin has increased a lot again. It seems that MSTR will buy more Bitcoin this week, because the price was low a few days ago.
MSTR holds 12x more BTC than the next largest corporate holder

[Qhunman]

https://x.com/pete_rizzo_/status/1958942349360324755?s=19

[fillippone]

https://x.com/pete_rizzo_/status/1958942349360324755?s=19

Thisi is only a small part of what will happen when Strategy get added to the SPX. Huge inflows from passive fund managers, willing to replicate the index, infecting their ETF with bitcoin exposure! They will be forced to buy Strategy. mNAV on the rise!

[ruykeri]

MICHAEL SAYLOR SAYS LIVE ON CNBC THAT #BITCOIN WILL GO UP 30% A YEAR FOR THE NEXT 20 YEARS

https://x.com/pete_rizzo_/status/1959527756355494133?t=MOANLDl6VarguOGdhv1LoA&s=19
This means we are quickly approaching the 1 million mark.

[Popkon6]

Bitcoin is on Sale


https://x.com/saylor/status/1959601957930185125?t=JxebUO0w36nYqYT8fp35bg&s=19
Michael Saylor has once again posted a message on social media to buy Bitcoin.
Does Michael Saylor want to surprise us?

[ruykeri]

Bitcoin is on Sale said by Saylor

https://x.com/saylor/status/1959601957930185125?t=GjNQitBjAzPsVcWs_gxhcw&s=19

[avp2306]

Bitcoin is on Sale


https://x.com/saylor/status/1959601957930185125?t=JxebUO0w36nYqYT8fp35bg&s=19
Michael Saylor has once again posted a message on social media to buy Bitcoin.
Does Michael Saylor want to surprise us?

That's provably a hint for next accumulation.

Also I don't think Michael Saylor want to surprise us, but rather he want to encourage people to buy Bitcoin by showing their portfolio and to remind people the current price of Bitcoin.

It seems there's another thing people need to look forward on what's going to happen. Since for sure many people want to know on how many Bitcoins they accumulate this time. Well look forward on their next updates.

[Nothingtodo]

Bitcoin is on Sale


https://x.com/saylor/status/1959601957930185125?t=JxebUO0w36nYqYT8fp35bg&s=19
Michael Saylor has once again posted a message on social media to buy Bitcoin.
Does Michael Saylor want to surprise us?

However, Michael Saylor often makes some kind of announcement before buying Bitcoin, hinting at the possibility of buying Bitcoin. This time was no exception. Maybe this week he will announce the purchase of Bitcoin in a different form, especially since he has mentioned the Orange Dot before buying Bitcoin at other times. But this time his announcement of buying Bitcoin is different, that is, what he meant by the word "Sale" was not that he was selling Bitcoin. That is, he was indicating something to all the investors who would sell Bitcoin.

Every time Saylor tweets “Bitcoin is on sale,” history writes a new chapter of accumulation.
He isn’t talking to you. He’s talking to the sellers.

Because when Saylor buys, he is not speculating. He is executing a treasury strategy that rewrites corporate finance.
He borrows in fiat that bleeds. He converts into Bitcoin that compounds.
It’s the cleanest balance sheet arbitrage in history.

Wall Street still thinks he’s joking. They laughed at his first billion. They laughed at his second. Now his book shows $72B and climbing, with every drawdown weaponized into more satoshis.

Saylor doesn’t chase the top. He manufactures the floor.

This isn’t a man buying dips. This is a man buying time.

https://x.com/shanaka86/status/1959602388760953186?t=YP_xC3cTiNlzK3MPJDwCoA&s=19

[Just Common]

https://x.com/pete_rizzo_/status/1959527756355494133?t=PrTteQ28CHlt_DRDme7QBQ&s=19