MicroStrategy has bought more $1.026 billion worth of Bitcoin.

[ScamViruS]

MicroStrategy has bought more bitcoins of $1.026 billion since the last dip. Big investors are constantly strengthening their position from every dip for the next big market change. This news is definitely a positive news which is giving more idea about the upcoming bitcoin market.




Source: https://twitter.com/michael_saylor/status/1364561973363490817

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[blockman]

That's a huge purchase. Michael and his company know what exactly they're doing. MS is one of the companies that has been stably buying bitcoin, a dip or not. There's also news for it from CNBC.
(https://www.cnbc.com/2021/02/24/microstrategy-buys-more-than-1-billion-worth-of-bitcoin-adding-to-massive-holdings.html)

[teosanru]

Averaging out the price for greater profits. Interesting straegy by MicroStrategy. Now this gives us a good indication that market getting back to 23K won't be an easy task as a big whale holding 90000 bitcoins is sitting around this mark. I am curious that despite of the SEC warnings they have gone ahead to add more btc in their portfolio another interesting thing is that market didn't react a lot on this news I remember that day when Tesla bought crypto worth $1.2 Billion price skyrocketed like anything and now when MicroStrategy did the same we didn't see a lot of movement. Maybe it was the brand name attached with Tesla which sparked the price.

[OgNasty]

I saw a video yesterday where they made the case that 75 billion dollars sitting on S&P500 balance sheets is likely to move into Bitcoin this year...  The 1.5 billion dollar Tesla investment jumped the price from $30K to $50K, I can only imagine what 75 billion more dollars would do...  Breaking $100K by the end of the year seems inevitable at this point. 

[ScamViruS]

I saw a video yesterday where they made the case that 75 billion dollars sitting on S&P500 balance sheets is likely to move into Bitcoin this year...  The 1.5 billion dollar Tesla investment jumped the price from $30K to $50K, I can only imagine what 75 billion more dollars would do...  Breaking $100K by the end of the year seems inevitable at this point.  

This huge amount of money will enter the market silently. Because they want to buy Bitcoin at the cheapest possible price. This is really an insane amount of money, it is not possible to predict where the bitcoin market will go if so much money enters the bitcoin market. Because there will be so many buyers in the market that it is difficult to say exactly how high the price of Bitcoin will go. $100k target is the first target, then it will be understood at that time how much higher Bitcoin will go.

Now many big companies are silently buying bitcoin. When they finish buying, they announce that they have bought that amount of bitcoin. So it seems to me that there are many more companies that will buy Bitcoin but they are not saying anything now, I am waiting to see their announcement.

[dothebeats]

Just look at the average price they bought bitcoin in, that's actually a win for them and would not stop them from getting some more bitcoins on the way! At this point, bitcoin could lose half of its value and they are still in the greens, and would still be profiting since I'm pretty sure if bitcoin's price is cut by half at this very moment, people would just rush in to buy more and more for their own. It was a very calculated risk that MicroStrategy did, and it obviously paid off given that in the midst of all the uncertainties, they can still buy and be cool with it tanking down due to the huge 'savings' that they got from buying a lot of bitcoins before it breached $30k.

[goaldigger]

This is what we are talking about, whales are buying at the huge price because they believe that Bitcoin can still go high and this moved can be a great reason to continue the uptrend. Though, the price of Bitcoin didn’t move that much, I believe when people realize this thing, many new money will come into this market. Many speculate for the price of $100k, that’s more possible to happen because of many good investors.

[Saint-loup]

That's a huge purchase. Michael and his company know what exactly they're doing. MS is one of the companies that has been stably buying bitcoin, a dip or not. There's also news for it from CNBC.
(https://www.cnbc.com/2021/02/24/microstrategy-buys-more-than-1-billion-worth-of-bitcoin-adding-to-massive-holdings.html)

Now I don't think Saylor and MicroStrategy know exactly what they're doing. Because they could buy BTC below 10k$ during almost 2 years and they didn't do it, they've waited 50k$ and now they are FOMOing at the ATH... 

[adaseb]

That's a huge purchase. Michael and his company know what exactly they're doing. MS is one of the companies that has been stably buying bitcoin, a dip or not. There's also news for it from CNBC.
(https://www.cnbc.com/2021/02/24/microstrategy-buys-more-than-1-billion-worth-of-bitcoin-adding-to-massive-holdings.html)

Now I don't think Saylor and MicroStrategy know exactly what they're doing. Because they could buy BTC below 10k$ during almost 2 years and they didn't do it, they've waited 50k$ and now they are FOMOing at the ATH... 

You do realise this the their 3rd purchase of Bitcoin to date. Their first purchase was last year at $11,111 or so. Then they made another purchase I think at $25K and then this purchase at $53K, they got a very low average price right now.

Why didn they buy 2 years ago? What changed since then? Did you forget about covid19 ?

Covid19 lead to all this money printing which lead to inflation hence why people are buying anything they can get their hands on to get rid of their dollars. He bought BTC most likely because everything on the stock market was overpriced.

[hugeblack]

The issue of getting 100,000 dollars has become a matter of time.

Covid19 lead to all this money printing which lead to inflation hence why people are buying anything they can get their hands on to get rid of their dollars. He bought BTC most likely because everything on the stock market was overpriced.

The other reason may be the zero interest levels and the continuation of stimulus packages, especially with the Biden administration intending to add about $ 1.9 trillion.
I do not think that any company will keep a lot of its money in the form of cash, but rather try to transfer it to any investment.
Gold is currently stable, so some people are turning to copper, bitcoin or any other investment.

[decodx]

Large companies and financial institutions around the world are actively investing in cryptocurrency, with even some startups betting on bitcoin.

And while that may seem strange, in theory, the anonymous, unregulated nature of bitcoin and other cryptocurrencies means they're not an obvious place to find lots of funding, for now, that bet appears to be paying off.

[Kittygalore]

That's a huge purchase. Michael and his company know what exactly they're doing. MS is one of the companies that has been stably buying bitcoin, a dip or not. There's also news for it from CNBC.
(https://www.cnbc.com/2021/02/24/microstrategy-buys-more-than-1-billion-worth-of-bitcoin-adding-to-massive-holdings.html)

It is a huge purchase but it is also a good one because they bought more bitcoin at with the same amount of money that could have purchased less back when it was around 58k. They are stably buying because they are getting profits from it, AFAIK Microstrategy is an investment company so they buy bitcoin so they can have more and have the ability to move the market.

[Review Master]

Just like what i was expecting and my assumption was right . Definitely, it's a positive news and i was expecting a rebound into the price of Bitcoin. But this time, it couldn't able to create a positive vibes to rebound quickly as correction was huge. TBH, it's a great sign of a massive bullish rally in the upcoming days.

[GreatArkansas]

That's a huge purchase. Michael and his company know what exactly they're doing. MS is one of the companies that has been stably buying bitcoin, a dip or not. There's also news for it from CNBC.
(https://www.cnbc.com/2021/02/24/microstrategy-buys-more-than-1-billion-worth-of-bitcoin-adding-to-massive-holdings.html)

Now I don't think Saylor and MicroStrategy know exactly what they're doing. Because they could buy BTC below 10k$ during almost 2 years and they didn't do it, they've waited 50k$ and now they are FOMOing at the ATH... 

You do realise this the their 3rd purchase of Bitcoin to date. Their first purchase was last year at $11,111 or so. Then they made another purchase I think at $25K and then this purchase at $53K, they got a very low average price right now.
(....)

The total of 90.5k BTC that MicroStrategy owns at around $24,000 price average now. They are still up around 50% if you compute it now, but this is not the deal, not the short term. Michael Saylor indeed looking for the long term, that's why they bought another around $1billion worth of Bitcoins recently at above $50,000 price.

+1 with adaseb, who else don't want Bitcoin with limited supply compare to those dollars with you don't the supply 

[cryptomaniac_xxx]

I saw a video yesterday where they made the case that 75 billion dollars sitting on S&P500 balance sheets is likely to move into Bitcoin this year...  The 1.5 billion dollar Tesla investment jumped the price from $30K to $50K, I can only imagine what 75 billion more dollars would do...  Breaking $100K by the end of the year seems inevitable at this point. 

Exactly, and they are now the 6th richest owner of bitcoin:

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

And now that they are holding like .043% so it's obviously that the future looks like and that $100k is achievable at the end of the year for all of us.

[Jating]

That's a huge purchase. Michael and his company know what exactly they're doing. MS is one of the companies that has been stably buying bitcoin, a dip or not. There's also news for it from CNBC.
(https://www.cnbc.com/2021/02/24/microstrategy-buys-more-than-1-billion-worth-of-bitcoin-adding-to-massive-holdings.html)

Now I don't think Saylor and MicroStrategy know exactly what they're doing. Because they could buy BTC below 10k$ during almost 2 years and they didn't do it, they've waited 50k$ and now they are FOMOing at the ATH... 

It's was a different time back then, as there was no printing of fiat because of the covid-19 effect.

And one of Michael Saylor's argument is that bitcoin is far more superior that any other assets because of the current shift in economic paradigm.

https://www.washingtonian.com/2021/02/12/dcs-bitcoin-king-explains-why-hes-investing-more-than-1-billion-in-the-cryptocurrency/

Bitcoin is “a radical new thing,” he says, so “if you are in the old paradigm, your view would be this is just scary and risky.” Plus, his crypto fame is paying off in other ways: “I think probably it would cost us $100 million a year to buy the kind of publicity that we now get for free.”

[slaman29]

Buying the dip now must be the favorite thing for all these companies. For us small timers, a big dip is just a small amount. Even If we can afford half a bitcoin, 10k dip is just a "5k" savings but these guys save millions with their huge wallets!

Back at 50k again, maybe another correction before we see new directions.

[Saint-loup]

That's a huge purchase. Michael and his company know what exactly they're doing. MS is one of the companies that has been stably buying bitcoin, a dip or not. There's also news for it from CNBC.
(https://www.cnbc.com/2021/02/24/microstrategy-buys-more-than-1-billion-worth-of-bitcoin-adding-to-massive-holdings.html)

Now I don't think Saylor and MicroStrategy know exactly what they're doing. Because they could buy BTC below 10k$ during almost 2 years and they didn't do it, they've waited 50k$ and now they are FOMOing at the ATH... 

It's was a different time back then, as there was no printing of fiat because of the covid-19 effect.

And one of Michael Saylor's argument is that bitcoin is far more superior that any other assets because of the current shift in economic paradigm.

https://www.washingtonian.com/2021/02/12/dcs-bitcoin-king-explains-why-hes-investing-more-than-1-billion-in-the-cryptocurrency/

Bitcoin is “a radical new thing,” he says, so “if you are in the old paradigm, your view would be this is just scary and risky.” Plus, his crypto fame is paying off in other ways: “I think probably it would cost us $100 million a year to buy the kind of publicity that we now get for free.”

LOL it's the worst stupid thing I have ever heard : FOMO, greed, bubble and speculation are not a new paradigm, they are as old as the financial markets. This guy is not less ridiculous than John MacAfee 

[blockman]

That's a huge purchase. Michael and his company know what exactly they're doing. MS is one of the companies that has been stably buying bitcoin, a dip or not. There's also news for it from CNBC.
(https://www.cnbc.com/2021/02/24/microstrategy-buys-more-than-1-billion-worth-of-bitcoin-adding-to-massive-holdings.html)

Now I don't think Saylor and MicroStrategy know exactly what they're doing. Because they could buy BTC below 10k$ during almost 2 years and they didn't do it, they've waited 50k$ and now they are FOMOing at the ATH... 

You do realise this the their 3rd purchase of Bitcoin to date. Their first purchase was last year at $11,111 or so. Then they made another purchase I think at $25K and then this purchase at $53K, they got a very low average price right now.

Why didn they buy 2 years ago? What changed since then? Did you forget about covid19 ?

Covid19 lead to all this money printing which lead to inflation hence why people are buying anything they can get their hands on to get rid of their dollars. He bought BTC most likely because everything on the stock market was overpriced.

That could be the reason for stocks and overpricing. But I think he's really into it and just like one of us who solely believes in bitcoin. With his statements that have been publicly displayed, it seems that he's really one bullish guy.
But I don't want to be fully believing that he is, he's still one of the biggest players that we have.

[Oceat]

Just like what i was expecting and my assumption was right . Definitely, it's a positive news and i was expecting a rebound into the price of Bitcoin. But this time, it couldn't able to create a positive vibes to rebound quickly as correction was huge. TBH, it's a great sign of a massive bullish rally in the upcoming days.

No problem about that. At least, with that news, people out there will see what that company does, and that can invite them to follow buying bitcoin too. Maybe it will not affect this day, but in the future, there will be more people who will invest in bitcoin, and that can make the adoption still grows. That can give a bullish rally in the next week.

I hope you were right if this dip has a meaning of going more bullish next week because what just happened is MicroStrategy really did bought $1B worth of Bitcoin but why is it the market going the other way around? Maybe there's no fomo triggered during their buy-in but instead it causes a panic but I guess most probably the cause of this panic is the tweet of Elon Musk.

Anyway, this dip is just temporary IMO because it looks like it is ready for a new ATH maybe next month or so but I hope March won't be the same just like in 2020. It could be a super dip if that's going to happen.