MicroStrategy Purchase

[ConnerDalfino]

Michael Saylor - "MicroStrategy has purchased an additional ~205 bitcoins for ~$10.0 million in cash at an average price of ~$48,888 per #bitcoin. As of 3/5/2021, we #hodl ~91,064 bitcoins acquired for ~$2.196 billion at an average price of ~$24,119 per bitcoin. $MSTR"

That’s a lot of bitcoins. It’s pretty crazy to think about where we are right now compared to the past. Today, it’s a stressful battle at 48k/coin to break back through 50k or drop back down to retest 43k. I remember when I pumped about it being 5k.

[jjdub7]

MicroStrategy plans to continue investing in Bitcoin and increase its holdings, a recent statement said.

"We will continue to follow our strategy for acquiring Bitcoin with excess money and may from time to time, depending on market conditions, issue debt or equity securities in capital raising transactions in order to use the proceeds to purchase additional BTC."

In my opinion, all this interest and huge investments from such large companies is very indicative of the future of Bitcoin. And yes, I think there will be fewer and fewer ordinary investors, most owners will be these big corporations, not like before, when Bitcoin was held by "ordinary" people.

[Tytanowy Janusz]

Michael Saylor - "MicroStrategy has purchased an additional ~205 bitcoins for ~$10.0 million in cash at an average price of ~$48,888 per #bitcoin. As of 3/5/2021, we #hodl ~91,064 bitcoins acquired for ~$2.196 billion at an average price of ~$24,119 per bitcoin. $MSTR"

That’s a lot of bitcoins. It’s pretty crazy to think about where we are right now compared to the past. Today, it’s a stressful battle at 48k/coin to break back through 50k or drop back down to retest 43k. I remember when I pumped about it being 5k.

This 10M is nothing compare to their total holdings. I will call it more like a message "we are still here and we are buying" rather than a thoughtful purchase aimed at increasing their exposure to bitcoin. This shows a little that their bags are full or close to full.

[The Cryptovator]

This 10M is nothing compare to their total holdings. I will call it more like a message "we are still here and we are buying" rather than a thoughtful purchase aimed at increasing their exposure to bitcoin. This shows a little that their bags are full or close to full.

Second that. You just said what was in my mind. MicroStrategy just wants to indicate that they are still accumulating Bitcoin and they believe Bitcoin will grow more. Because they bought 205BTC an average price of $48, 888 means they are expecting the price still reasonable to buy Bitcoin and it will fly more. I think the current bull trend continuing due to institutional investors and their holdings. More likely they aren't going to sell bitcoin in this price range.

[livingfree]

It’s pretty crazy to think about where we are right now compared to the past.

One thing, we're better today than in the past.

No massive adoption from companies like this on the bull run of 2017. And in this bull run, we hear good news from very popular companies investing in bitcoin.

Microstrategy, Tesla, Grayscale and others.

[tippytoes]

It’s pretty crazy to think about where we are right now compared to the past.

One thing, we're better today than in the past.

No massive adoption from companies like this on the bull run of 2017. And in this bull run, we hear good news from very popular companies investing in bitcoin.

Microstrategy, Tesla, Grayscale and others.

Don't forget the inclusion of crypto in the payment system of PayPal. Though the method of PayPal is different, still with their announcement to include crypto is a big boost in the crypto community. They have millions of users, so one way or another, some of them will be converted to true crypto users outside of PayPal. Indeed, the adoption this year is very different as compared to 3 or 4 years ago. And it seems, companies are not stopping now. I believe some of them are buying their bitcoin stash without informing the public because that's none of our business.

[aoluain]

This shows that Microstrategy are buying and not selling.
They are buying to safeguard their wealth from FIAT, why would they sell back
into the very thing they are trying to escape.

This bull run may actually become the norm because of these high level investors
who are planning on holding for years to come (generally).

[Kong Hey Pakboy]

This shows that Microstrategy are buying and not selling.
They are buying to safeguard their wealth from FIAT, why would they sell back
into the very thing they are trying to escape.

This bull run may actually become the norm because of these high level investors
who are planning on holding for years to come (generally).

Yeah you don't say, they are a tech company so they know that bitcoin has a potential and I believe that this is not just a hedge for Microstrategy because I think that they are going to get in the investment game with the bitcoin that they have accumulated, I think that they are going to do well. I hope that what you are saying will come true but we have to be prepared because anything that goes up in the market especially a volatile one will eventually go down then rinse and repeat.

[Coinsfera]

Michael Saylor - "MicroStrategy has purchased an additional ~205 bitcoins for ~$10.0 million in cash at an average price of ~$48,888 per #bitcoin. As of 3/5/2021, we #hodl ~91,064 bitcoins acquired for ~$2.196 billion at an average price of ~$24,119 per bitcoin. $MSTR"

That’s a lot of bitcoins. It’s pretty crazy to think about where we are right now compared to the past. Today, it’s a stressful battle at 48k/coin to break back through 50k or drop back down to retest 43k. I remember when I pumped about it being 5k.

It seems that MicroStrategy will continue to buy Bitcoin till the cash in their hand is all in Bitcoin. The CEO Michael Saylor sees Bitcoin as a next-generation technological currency and he will continue to take a side with BTC.
Companies add Bitcoin to their balance sheets and the more they acquire the more Bitcoin gets stronger. The value increases at the same time with those investments. It will help Bitcoin to get wide adoption. However, the accumulation of bitcoins in some hands may not be good for the future. It will be like the gold standard, who owns digital gold will have greater power. Hoping that "peer-to-peer decentralized cryptocurrency" will be distributed fairly in the future.

[Poker Player]

I follow Saylor quite a bit, and yes, they are going to keep buying. In an environment where cash is devaluing 15-20% per year and Bitcoin has appreciated 200% per year on average since its inception, the equation is clear. Even if you assume that since Bitcoin has a large market cap, it will appreciate less, let's say ten times less or 20% per year, it is still very profitable to buy Bitcoin and only have the minimum cash necessary.

[Karartma1]

Guessing these new buys will need to be put into the context of the new stimulus bill being discussed in the States ($1.9trillion!!!).
IMHO governments and central bankers are playing with a fire that they can't control as the more money is being injected into the system the higher the hyperinflation could hit the economy.

MSTR and Michael Saylor know this and they are protecting themselves from the dollar debasing which is happening right before our eyes. In my small position I'm trying to do the same.

[doctor877]

the fact that they have a strategy for stacking up bitcoins says it all. i noticed these buys usually come during some dips. he has started that they aint stopping. this is the only public purchase announcement we have from top guys. there are many people buying also without making any announcement. microstrategy has already has also dropped some hints about diving into purchase of other cryptocurrencies. A single lesson from all this is to sit tight and book for your slot or hold your position tight

[BrewMaster]

that is a clear indication of the increasing bitcoin adoption. companies such as MicroStrategy aren't buying all that bitcoin for themselves, they are doing it for their investors and as they increase and want more bitcoin every day they have to buy more to satisfy their demands.

that's just a small sign among lots of others. for example if you check the total trading volume on different exchanges you can see how they have been constantly growing. the P2P traders are also growing specially in countries that are new to bitcoin and didn't have that many people buying it before.

[ene1980]

Michael Saylor - "MicroStrategy has purchased an additional ~205 bitcoins for ~$10.0 million in cash at an average price of ~$48,888 per #bitcoin. As of 3/5/2021, we #hodl ~91,064 bitcoins acquired for ~$2.196 billion at an average price of ~$24,119 per bitcoin. $MSTR"

It is good to see that these institutions are investing heavily at this price and how long they keep on investing is puzzling and with all these heavy investment when they will be booking their profit as they are not investing to hold indefinitely or for the long term as they are investing expecting to book a quick profit and my guess is that they will start booking the profit before December .

[livingfree]

It’s pretty crazy to think about where we are right now compared to the past.

One thing, we're better today than in the past.

No massive adoption from companies like this on the bull run of 2017. And in this bull run, we hear good news from very popular companies investing in bitcoin.

Microstrategy, Tesla, Grayscale and others.

Don't forget the inclusion of crypto in the payment system of PayPal. Though the method of PayPal is different, still with their announcement to include crypto is a big boost in the crypto community. They have millions of users, so one way or another, some of them will be converted to true crypto users outside of PayPal. Indeed, the adoption this year is very different as compared to 3 or 4 years ago. And it seems, companies are not stopping now. I believe some of them are buying their bitcoin stash without informing the public because that's none of our business.

It's not about an inclusion payment in crypto in PayPal.

It's just an additional feature that you can purchase crypto into their platform but it's like you're only really buying digital stocks on their platform.

But the problem, you cannot withdraw it. It stays there.

[The Sceptical Chymist]

I remember when I pumped about it being 5k.

I don't remember that bitcoin valuation being a big deal in particular, but I was around for it whenever it happened (2016-17 I think, without looking at a chart).  But I do remember thinking bitcoin was way too expensive at around $10k!  Man, I wish I'd bought a whole bunch of btc back then....but I didn't, and there's no going back.

But there is the path forward, however, and the difference nowadays is that we have these big corporations like MSTR and Tesla grabbing up enormous amounts of bitcoin for their own purses.  That's something that never happened before in the history of crypto, and while I'm still not certain that it's a trend it certainly is bullish.  I do hope for MSTR's sake that their stock doesn't get hammered if bitcoin sees a major correction, which is quite possible.

Eh, I'm just having a fun time standing on the sidewalk waving my bitcoin flag as the parade goes by.  And man, what a crazy-ass parade it is.

[Haunebu]

I feel like majority of the credit needs to go to COVID-19. This pandemic helped small and big investors from around the world realize the importance of cryptocurrencies like BTC, ETH etc which helped the market become bullish in recent times.

Before the pandemic, crypto investors relied heavily on news related to SEC approving particular bills etc and looked forward to more and more institutional investors stepping into this market which clearly didn't happen.

The pandemic made it happen which is why the cryptocurrency market benefited from it in a big way based on my research.

[2double0]

$5k is a dream now because crypto has now become the center of attraction, not as a store of value only but also as a money-making machine. It is a battle of ego now and all of them want to win against each other by showing off their stack publicly. I hope that these companies alone don't eat out the whole btc supply else we will not be a part of the btc system ahead.

[Karartma1]

According to Bitcoin Treasuries 6.5% of the available bitcoin supply is currently in the hands of several companies, trusts and funds. That is a whopping 1,365,464 BTC total! It is a huge amount concentrated over less than 50 different entities which cover their respective indirect investors (shareholders, AM, FO etc.)
Isn't it clear where are we going?

[arwin100]

According to Bitcoin Treasuries 6.5% of the available bitcoin supply is currently in the hands of several companies, trusts and funds. That is a whopping 1,365,464 BTC total! It is a huge amount concentrated over less than 50 different entities which cover their respective indirect investors (shareholders, AM, FO etc.)
Isn't it clear where are we going?

I can't imagine on what will happen if those entities will do a massive selling at the same time, maybe we can see the bitcoin price go collapsed at more critical level. But I doubt we can experience the dumping happen since hopefully they will stay and support bitcoin to shoot up until it react at $100k or maybe more we can imagine.