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

[Taskford]

Even in no time when he must have become one of the top 3 world richest men just by buying and holding Bitcoin other Billionaires will start to realize their mistakes why they didn't buy Bitcoin when it was fucking cheap and what Michael Saylor saw that didn't see, literally doing lesser job and putting lesser effort or employing much work force to get there by investing DCAing in Bitcoin when the price hasn't soar do high.

You're missing the point if you think Saylor is getting rich simply by buying and holding bitcoin. He has set up an entire bitcoin refinery with his company, the first bitcoin derivatives company to attract capital from traditional markets. What he has done is much more complex than simply buying and holding.

Maybe they only look at the basic things he have done, but people don't realize all those complex things he have done so that they became successful on their Bitcoin accumulation.

What Saylor done is not only buying Bitcoin and HODL it since he also need to face lots of technicalities. He's have done so well managing equity,debt and their derivatives.

That's why many people got amaze on their dedication. What Saylor and MicroStrategy done is exceptional.

[Popkon6]

Saylor’s Bitcoin Treasury Strategy Inspires Global Corporations, But Not All See Premiums
Bitcoin for Corporations' George Mekhail highlights accretive vs. non-accretive models, as firms like Metaplanet follow MicroStrategy's debt-fueled accumulation playbook.
Bitcoin treasury strategies are being adopted by corporations worldwide. Following the example of Michael Saylor, the founder of Strategy (formerly MicroStrategy), the company with the largest known stack of Bitcoin in the world, others have copied his playbook and are attempting to follow suit; some are even trying to catch up.

Source link: https://bitcoinmagazine.com/business/saylors-bitcoin-treasury-strategy-inspires-global-corporations-but-not-all-see-premiums

Microstrategy Company's Bitcoin holding has become more popular nowadays, because Michael Saylor has taken a huge risk for Bitcoin in the past and decided to hold it. Which is an example of all the treasury companies that MSTR Company currently has. Because you will be surprised to know the success of MSTR Company's Bitcoin holding at the present time, because you can see all the Bitcoin purchases after their holding since 2020 on this website wwwsaylortracker.com.
As a result of their Bitcoin holding from the past, they are currently at the top of the most success, but seeing MSTR Company's Bitcoin holding at the present time, all the other treasury companies that are more aggressive in buying Bitcoin.

[Just Say]

As a result of their Bitcoin holding from the past, they are currently at the top of the most success, but seeing MSTR Company's Bitcoin holding at the present time, all the other treasury companies that are more aggressive in buying Bitcoin.

MicroStrategy continues to increase their Bitcoin yields, this company didn't make it to the S&P 500 list, yet everyone noticed that they bought 19,55 Bitcoin last week. You are right that other treasury companies are currently being aggressive in purchasing Bitcoin from MSTR Company's Bitcoin holdings, even pension funds are currently buying their Bitcoin shares. Currently the Ontario Pension Fund has purchased Bitcoin shares of this company with $31 million. It is also observed that this company's Bitcoin yield has increased steadily from 2020 to 9/7/25, so it's right that many are surprised by their devotion.

Strategy consistently accretes Bitcoin Per Share (BPS) for $MSTR investors.

[yixichloro2xx]

Microstrategy Company's Bitcoin holding has become more popular nowadays, because Michael Saylor has taken a huge risk for Bitcoin in the past and decided to hold it. Which is an example of all the treasury companies that MSTR Company currently has. Because you will be surprised to know the success of MSTR Company's Bitcoin holding at the present time, because you can see all the Bitcoin purchases after their holding since 2020 on this website wwwsaylortracker.com.
As a result of their Bitcoin holding from the past, they are currently at the top of the most success, but seeing MSTR Company's Bitcoin holding at the present time, all the other treasury companies that are more aggressive in buying Bitcoin.

What makes MicroStrategy so interesting is that they basically rewrote the playbook for corporate treasuries. Back in 2020 everyone thought Saylor was out of his mind putting company cash into Bitcoin, but now those “reckless” buys are sitting on billions in unrealized profit.

And the crazy part is MSTR is not even viewed as a software company anymore, the market treats it like a Bitcoin holding vehicle, which is why its stock trades at such a premium. That is a huge shift in identity just because of one strategy.

The real lesson here is that conviction and patience paid off. Most companies play it safe with cash or bonds, but MicroStrategy proved that holding Bitcoin can not only protect value but actually transform a balance sheet. And like you said, seeing that kind of success is going to push other treasuries that are more aggressive to follow in some form.....If more corporates start stacking like this, even at smaller levels, that supply is basically locked away long term. MSTR showed everyone that it is possible, now it is just a question of who has the guts to try next.

[Loyang]

Even in no time when he must have become one of the top 3 world richest men just by buying and holding Bitcoin other Billionaires will start to realize their mistakes why they didn't buy Bitcoin when it was fucking cheap and what Michael Saylor saw that didn't see, literally doing lesser job and putting lesser effort or employing much work force to get there by investing DCAing in Bitcoin when the price hasn't soar do high.

You're missing the point if you think Saylor is getting rich simply by buying and holding bitcoin. He has set up an entire bitcoin refinery with his company, the first bitcoin derivatives company to attract capital from traditional markets. What he has done is much more complex than simply buying and holding.

Maybe they only look at the basic things he have done, but people don't realize all those complex things he have done so that they became successful on their Bitcoin accumulation.

What Saylor done is not only buying Bitcoin and HODL it since he also need to face lots of technicalities. He's have done so well managing equity,debt and their derivatives.

That's why many people got amaze on their dedication. What Saylor and MicroStrategy done is exceptional.

Yes sir, you are right. Saylor started buying Bitcoin by overcoming many obstacles. When Saylor first announced to buy Bitcoin, he faced many obstacles. For example, the media had made many statements against Saylor, so Saylor had to go through many bad times. He had to get permission from the shareholders of his company and had to face many obstacles. Maybe Saylor saw the future of Bitcoin, so maybe Saylor has overcome all the obstacles and is in this position today. Saylor's goal is even bigger now, he is still focusing on buying.

[Kagaru]

Saylor’s Bitcoin Treasury Strategy Inspires Global Corporations, But Not All See Premiums
Bitcoin for Corporations' George Mekhail highlights accretive vs. non-accretive models, as firms like Metaplanet follow MicroStrategy's debt-fueled accumulation playbook.
Bitcoin treasury strategies are being adopted by corporations worldwide. Following the example of Michael Saylor, the founder of Strategy (formerly MicroStrategy), the company with the largest known stack of Bitcoin in the world, others have copied his playbook and are attempting to follow suit; some are even trying to catch up.

Source link: https://bitcoinmagazine.com/business/saylors-bitcoin-treasury-strategy-inspires-global-corporations-but-not-all-see-premiums

Microstrategy Company's Bitcoin holding has become more popular nowadays, because Michael Saylor has taken a huge risk for Bitcoin in the past and decided to hold it. Which is an example of all the treasury companies that MSTR Company currently has. Because you will be surprised to know the success of MSTR Company's Bitcoin holding at the present time, because you can see all the Bitcoin purchases after their holding since 2020 on this website wwwsaylortracker.com.
As a result of their Bitcoin holding from the past, they are currently at the top of the most success, but seeing MSTR Company's Bitcoin holding at the present time, all the other treasury companies that are more aggressive in buying Bitcoin.

The storey by MicroStrategy is encouraging, there is no doubt but it is not that easy: buy Bitcoin and become a winner. What Saylor did was successful because he was convinced of it, he had access to cheap capital and he was ready to take on huge risk when most people believed it to be insane. Other firms such as Metaplanet are currently attempting to emulate the same strategy of debt-driven growth since his bet is paying off.
The problem is that not all the companies are equally strong in their balance sheets or the patience of the investors. In case of a significant investment in buying Bitcoin on debt and the price falls over a long duration, shareholders may be diluted or even subjected to a debt burden. That is the reason why the point of George Mekhail regarding accretive vs. non-accretive strategies is significant. Should the value of Bitcoin increase at a rate higher than the cost of capital, it assists the company. Otherwise it can do more harm than good.

To businesses considering this, it simply depends on whether they regard Bitcoin as an asset to be used in the future as a reserve, or simply as a means of getting publicity. In the case of the former, they require solid risk management, allocation boundaries and liquidity cushions. When it is merely hype, the market tends to penalise that pretty fast.

[The Sceptical Chymist]

As a result of their Bitcoin holding from the past, they are currently at the top of the most success, but seeing MSTR Company's Bitcoin holding at the present time, all the other treasury companies that are more aggressive in buying Bitcoin.

And I would say a lot of these companies are absolutely stupid for adopting this currently-popular crypto treasury strategy--and this is coming from somebody who loves crypto and bitcoin in particular. 

First of all, for companies like Kindly MD or Semler Scientific, crypto has got nothing even remotely related to their core businesses.  They're not even software companies like MSTR is.  What they and others like them are doing is an obvious cash-grab; they're trying to inflate their earnings by jumping on the bandwagon.  Is that something any of us should celebrate?  Go ahead, I'm sure as hell not going to.

Second, is it a good thing that so much bitcoin/litecoin/whatevercoin is migrating into the hands of publicly-traded companies?  Are you all cheering for that?  Mark my words, history is going to show that this was a period of total lunacy--especially if these corporations happen to decide to sell (or are forced to because their primary business can no longer afford to pay back the loans they took out to buy their 'treasuries').  I don't know how long it'll take, but you'll see.

[Free Market Capitalist]

First of all, for companies like Kindly MD or Semler Scientific, crypto has got nothing even remotely related to their core businesses.  They're not even software companies like MSTR is.  What they and others like them are doing is an obvious cash-grab; they're trying to inflate their earnings by jumping on the bandwagon.  Is that something any of us should celebrate?  Go ahead, I'm sure as hell not going to.

You are missing here that bitcoin is much better than T-bills. Companies such as Semler Scientific, which are different from Strategy in terms of their business nature, are doing something different. Instead of keeping cash or T-bills in their reserves, as most companies do, they have a superior asset in their place, which is bitcoin. Take Buffet's company, for example.

Warren Buffett now holds more US Treasury Bills than the Federal Reserve

Holding so many T-bills is betting that you will be able to offset the devaluation of the dollar with the buying and selling movements you can make. On the other hand, companies that buy bitcoin for their reserves instead of T-bills are betting that bitcoin is a far superior asset that, without doing anything, not only does not devalue like T-bills, but also provides a high return.

Second, is it a good thing that so much bitcoin/litecoin/whatevercoin is migrating into the hands of publicly-traded companies?  Are you all cheering for that?  Mark my words, history is going to show that this was a period of total lunacy--especially if these corporations happen to decide to sell (or are forced to because their primary business can no longer afford to pay back the loans they took out to buy their 'treasuries').  I don't know how long it'll take, but you'll see.

I know you check in on the thread from time to time, but not often enough to realize that what you're saying is false. I don't think you see the paradigm shift that has taken place. Strategy no longer has convertible debt for bitcoin; it is convertible for shares and they are getting rid of convertibles anyway. All the instruments it has created are structured in such a way that there is no possibility of a margin call. Others are copying it; the latest I heard about is Satsuma.

[Popkon6]

Second, is it a good thing that so much bitcoin/litecoin/whatevercoin is migrating into the hands of publicly-traded companies?  Are you all cheering for that?  Mark my words, history is going to show that this was a period of total lunacy--especially if these corporations happen to decide to sell (or are forced to because their primary business can no longer afford to pay back the loans they took out to buy their 'treasuries').  I don't know how long it'll take, but you'll see.

MSTR Company has been holding Bitcoin for a long time, and they will continue to hold it for a longer time in the future, Michael Saylor has made such preparations. But if they start selling Bitcoin, then of course it is normal for the market to dump some Bitcoin prices, but it may be for some time. Because there is a lot of positive towards Bitcoin, not only MSTR Company is holding Bitcoin, thousands of other companies and different countries and different individuals are holding Bitcoin.
Different countries have embraced Bitcoin to make the country economically self-sufficient, and many people take it as the biggest opportunity to buy if the Bitcoin price dips a little at the present time. However, when MSTR Company sells Bitcoin, other countries and different investors will not let the market fall, they will take the opportunity to buy more aggressively through holding.

[Ambatman]

 What they and others like them are doing is an obvious cash-grab; they're trying to inflate their earnings by jumping on the bandwagon.  Is that something any of us should celebrate?  Go ahead, I'm sure as hell not going to.

They are trying to ride the wave. We aware that alot of this so called treasury companies are going to sell for quick profit
Who mainly suffers it are the people that chose to invest in them.

, is it a good thing that so much bitcoin/litecoin/whatevercoin is migrating into the hands of publicly-traded companies?

Well Bitcoin is censorship resistant so anybody can buy. They own so much because there's a market that's selling.
In the grand scheme of things it ain't a good thing in the sense that decentralization is starting to look like a myth, a relic of the past
The government pushing Bitcoin as Gold and a store of value is a smart move would give them that
Hence why many don't know why Bitcoin was created in the first place.

if these corporations happen to decide to sell (or are forced to because their primary business can no longer afford to pay back the loans they took out to buy their 'treasuries')

The only corporation that owns a worthwhile number of Bitcoin is Strategy
So I would focus on that.
Their core business can service their interest with a rate of 0.42 % per annum
And Bitcoin would have to stay below $16K till 2028 before we can say yes they can't pay their loan.
And they don't need to sell to service the loan like Free market capitalist said conversion to equity
And even if they sold, maybe it would remind individuals why self custody has its perks.

I expect majority of them to sell and even condole the possibility that strategy would sell in the future
Don't Trust verify .
Anything can happen, the best we can do is speculate based on available data of today.

[fillippone]

First of all, for companies like Kindly MD or Semler Scientific, crypto has got nothing even remotely related to their core businesses.  They're not even software companies like MSTR is. 

Many companies were basically dead businesses before pivoting to Crypto. Someone poured money into those empty shells, turning them into the infamous DATs. I guess even Strategy is a dead company as per their software operations are concerned.
Hence, I wouldn't give too much relevance to their original business scope when their market capitalisation grew a couple of orders of magnitude because they turned to Digital Assets investments.

[Bluedrem]

Many companies were basically dead businesses before pivoting to Crypto. Someone poured money into those empty shells, turning them into the infamous DATs. I guess even Strategy is a dead company as per their software operations are concerned.
Hence, I wouldn't give too much relevance to their original business scope when their market capitalisation grew a couple of orders of magnitude because they turned to Digital Assets investments.

The good reason for companies to join the cryptocurrency is the love of Bitcoin by investors. There are many logical reasons for the love of Bitcoin by investors, one of which is that Bitcoin products offer higher returns than ordinary investment instruments (Loans, Bonds, Stocks) and although the risk is higher, it has not yet become apparent.


Picture Source:   Strategy

Micro Strategy declares that over time, Bitcoin will always be ahead when comparing BTC credit-based products with traditional investment instruments. In real terms, yes_
Bitcoin products are ahead in every respect. Be it short-term investments, medium-term investments or long-term investments.
Bitcoin is the best of the best, one of the driving forces of the future economy.

[Just Common]

https://x.com/BTCtreasuries/status/1966826697321292263?t=pAWfh1XE_LWjeoySTkR_3g&s=19

[abaeze]

Saylor believes that the United States is the only country in the world that has the capacity to become a global Bitcoin superpower by buying up large amounts of Bitcoin on a national level.

Source
If the US government were to buy up 20% of Bitcoin, it would become the dominant force in the Bitcoin market. This would mean that no other country would be able to accumulate such a large amount of Bitcoin. Saylor sees this as a kind of national strategic advantage, similar to how countries used to build up gold reserves. Do you agree with Saylor?

[fredericktaylor]

source: x

MicroStrategy is expected to announce a new Bitcoin purchase within 24 hours of now. MicroStrategy Bitcoin purchase announcement could have a positive impact on the price of Bitcoin because when large institutions in the market buy large amounts of Bitcoin, it has a positive impact on the price. I've seen it before, when MicroStrategy bought a large amount of Bitcoin, it had a temporary positive impact on the price.

[The Sceptical Chymist]

Second, is it a good thing that so much bitcoin/litecoin/whatevercoin is migrating into the hands of publicly-traded companies?  Are you all cheering for that?  Mark my words, history is going to show that this was a period of total lunacy--especially if these corporations happen to decide to sell (or are forced to because their primary business can no longer afford to pay back the loans they took out to buy their 'treasuries').  I don't know how long it'll take, but you'll see.

<snip>Strategy no longer has convertible debt for bitcoin; it is convertible for shares and they are getting rid of convertibles anyway. All the instruments it has created are structured in such a way that there is no possibility of a margin call. Others are copying it; the latest I heard about is Satsuma.

With respect to taking on debt to buy crypto, I wasn't referring to MSTR but to the other companies that I mentioned--NAKA, SMLR, and LITS (formerly known as MEI Pharma).  I might be wrong about some things, but the above corporations are small and it's highly unlikely they could have acquired whatever coin they're trying to make a name for themselves with without borrowing money to do so.

The argument about Warren Buffett and US treasuries....I'm not even going to engage in that, because I could think of arguments for and against either one.  I would also feel silly criticizing Buffett for not investing in something as volatile as bitcoin (plus he's already given his opinion on it, and his track record speaks for itself).

But hey, if I'm wrong I'm wrong.  However, when I see a pharmaceutical company whose primary purpose is ostensibly drug development go all-in on LTC to the point where they changed their ticker symbol (I'm talking about MEI Pharma), I can't help but think this stuff has gone way too far.

Hence, I wouldn't give too much relevance to their original business scope when their market capitalisation grew a couple of orders of magnitude because they turned to Digital Assets investments.

That sounds like a horrible hail mary strategy that's so close to loading up corporate treasuries with lottery tickets that there's going to be some backlash by shareholders and/or the SEC.  Probably not for MSTR (don't ask me why), but we'll see about the me-too's.

[laspol65]

source: x

MicroStrategy is expected to announce a new Bitcoin purchase within 24 hours of now. MicroStrategy Bitcoin purchase announcement could have a positive impact on the price of Bitcoin because when large institutions in the market buy large amounts of Bitcoin, it has a positive impact on the price. I've seen it before, when MicroStrategy bought a large amount of Bitcoin, it had a temporary positive impact on the price.

MicroStrategy Company is not the only one that has an impact on Bitcoin prices, but it is also a symbol of the courage of every treasury company. MSTR Company buys Bitcoin every week, which is why Bitcoin prices have always been in the market with an upward trend for a long time, because MSTR Company has made large holders and treasury companies targets to buy more Bitcoin.
It has shown the way on how to hold Bitcoin and how to hold Bitcoin for a long time to eliminate the economic impact in the future.

[JayJuanGee]

Second, is it a good thing that so much bitcoin/litecoin/whatevercoin is migrating into the hands of publicly-traded companies?  Are you all cheering for that?  Mark my words, history is going to show that this was a period of total lunacy--especially if these corporations happen to decide to sell (or are forced to because their primary business can no longer afford to pay back the loans they took out to buy their 'treasuries').  I don't know how long it'll take, but you'll see.

<snip>Strategy no longer has convertible debt for bitcoin; it is convertible for shares and they are getting rid of convertibles anyway. All the instruments it has created are structured in such a way that there is no possibility of a margin call. Others are copying it; the latest I heard about is Satsuma.

With respect to taking on debt to buy crypto, I wasn't referring to MSTR but to the other companies that I mentioned--NAKA, SMLR, and LITS (formerly known as MEI Pharma).  I might be wrong about some things, but the above corporations are small and it's highly unlikely they could have acquired whatever coin they're trying to make a name for themselves with without borrowing money to do so.

The argument about Warren Buffett and US treasuries....I'm not even going to engage in that, because I could think of arguments for and against either one.  I would also feel silly criticizing Buffett for not investing in something as volatile as bitcoin (plus he's already given his opinion on it, and his track record speaks for itself).

But hey, if I'm wrong I'm wrong.  However, when I see a pharmaceutical company whose primary purpose is ostensibly drug development go all-in on LTC to the point where they changed their ticker symbol (I'm talking about MEI Pharma), I can't help but think this stuff has gone way too far.

What else is new?  There are always going to be companies (and/or individuals) who take the matter too far and they are not sufficiently backed up to survive through a down-period if one were to come prior to the BTC price going up. 

So some of them may well have overly prepared for UP and underprepared for the possibility for down, yet the mere fact that there are some dumbasses, including using shitcoins in their company treasury and/or not having a sufficient cashflow to cover a downtrend, that still does not mean that they have risen to a level of being systematically bad as far as you seem to be wanting to generalize the behaviors of some seemingly gambling (overly risk-taking) companies to extrapolate and suggest that their individual behaviors is going to cause systemic risk, even though some of their shareholders are likely not going to end up getting the returns that they had expected to get..

Hence, I wouldn't give too much relevance to their original business scope when their market capitalisation grew a couple of orders of magnitude because they turned to Digital Assets investments.

That sounds like a horrible hail mary strategy that's so close to loading up corporate treasuries with lottery tickets that there's going to be some backlash by shareholders and/or the SEC.  Probably not for MSTR (don't ask me why), but we'll see about the me-too's.

For sure there are likely several that have over done it, yet they might not have realized that they have overdone it, yet, so you are correct that we will have to see if there is down before up or up before down and how they handle the situation in order to either trade or to hang onto their position and there might be some who actually end up rescuing themselves but yeah, if the top is already in at $124.5k (which is surely possible), then there might be some (or quite a few) who have not sufficiently prepared for such a scenario, yet if we end up getting up before down or maybe the UP is so great that the down is not low enough in order to screw up their position, then there might be some of them who ended up playing their "hail Mary pass" as you suggest in a way that saves them from their earlier problematic financial status and launches them into a more viable set of circumstances (and with options).

Even though there is a bit of contagion with the various ongoing announcements of bitcoin  (and even shitcoin) treasury companies, it still is way too early to see how many of them are going to end up failing, since surely some will fail, but at the same time, it might take a while for them to fail if the BTC price ends up going up after they had established their position, and if they are able to reasonably navigate the results of UP.

Earlier you were proclaiming doom and gloom to Michael Saylor and his company, but now you seem to be conceding that Saylor/MSTR may well have a decently strong position and a strong strategy as compared to some of the copy cats who are coming on the scene in recent times.  I am not participating in any of that, yet now that we see it playing out, there seem to be some needs to accept that the financialization of bitcoin is likely going to continue to play out with a lot of interesting packages, and on an individual basis if we cannot stop any of it, then we can still attempt to account for some of these matters in considering our own bitcoin position, or positions on shitcoins and/or the extent to which we might involve ourselves with the various related derivative products that are being offered and likely going to continue to affect bitcoin in a variety of ways, including ways to convolute the ideas of what is bitcoin and/or what is bitcoin price exposure, and even questioning the extent to which companies have the bitcoin that they claim to have (and/or how good are their custodians).