Microstrategy added another $15 million bitcoin to assets

[Lorence.xD]

Another problem that we have to tackle after this big buys is what happens next on the retail investors because this companies are in a way gatekeeping the bitcoin from individual investors that want to buy bitcoin, although they can still get, they wouldn't be getting a lot of bang for their buck. This is another increase in the price of bitcoin market and I am a little scared of what is going to happen next.

[bbc.reporter]

I reckon I should stop calling Michael Saylor a larper hehehe. It appears that he is in the lead in supporting this market presently with the absence of buyers needed to pump bitcoin to $60,000. However, how long can he sustain this?

[MCobian]

No wonder Microstrategy decides to buy Bitcoin again, because if we look at Bitcoin's very good performance this year, surely a company as big as Microstrategy will be interested in investing even more in Bitcoin. In fact, I'm sure many other companies are also buying Bitcoin, but they don't
announce it to the public. That's why a few days ago Bitcoin suddenly went up to a price of $ 59k, maybe because Microstrategy bought Bitcoin
in quite a large amount.

But there are many negative rumors about Microstrategy, one of which is a rumor that says Microstrategy uses bank loan money to buy Bitcoin.
If this were true this would be very dangerous, but I am not sure about the truth of the rumors. Because Michael Saylor as the head of Microstrategy
must know what is best for his company, there was no way he would make such a risky decision.

[wiss19]

This recent microstrategy purchase is another evidence of Silver's strong belief in this leading cryptocurrency. Over time, and thanks to large corporate buyers such as microstrategy, the bitcoin ecosystem is evolving.
Grayscale, was also the first company to launch the Bitcoin Mutual Fund in the United States, which played a key role in the evolution of Bitcoin.

I was going to mention that Greyscale too, because that company has really invested a lot of money in bitcoin although I do know that it is not a money that belongs to the company, but rather it belongs to their clients and that’s why I believe that they are going to keep it coming since they are not going to be having just only one client, they are steady going to be having more and more clients who they will be managing their investments, which are worth millions of dollars and even above that, for on the cryptocurrency market.

And when these rich guys see how profitable it is, that’s going to make them to keep on investing more and more money in the market and that’s going to help the market to keep on growing.

[Silberman]

Thus, the total Microstrategy assets reached 91579 bitcoins at a cost of $ 2.226 billion, which were purchased at an average price of $24311.

Wow thats crazy Break Even Point for the Microstrategy company. Gotta follow such people and their strategies in the market though we are not putting up millions in the market but at whatever amount we buy we should walk with them. If they are taking this much risk then they must be having Plan B to sell at highest possible prices. How to make the prices go up is there power, we just scoop the bucks in the process.  

The great thing about this market is that you can in fact follow their strategy you only need to be willing to keep buying bitcoin, I know this may seem to be hard to do when the price of bitcoin is so high but there have been many experiments made in the past about this and someone that took the time to just buy a few hundreds of dollars worth of bitcoin each month during the last years could be way ahead of most people as he will have unreal profits, and even if you begin to do this now you can still obtain good profits in the future.

[Kong Hey Pakboy]

I reckon I should stop calling Michael Saylor a larper hehehe. It appears that he is in the lead in supporting this market presently with the absence of buyers needed to pump bitcoin to $60,000. However, how long can he sustain this?

As long as his company has investors and it is making profits, they might be able to sustain the company and even if they go under, they can just sell a portion of their coins. Great thing Microstrategy is continuously buying and accumulating bitcoin which is good for the market because it increases the prices but at the same time, it is scary because you will get less value out of your money when you buy bitcoin.

[Swopon]

Microstrategy is the real king and one of the most influential thing for the market now. It's continuous support helps the market to grow more. It was indeed fee days back and the royal entry by Microstrategy in that time. So the market grow again and we are again waiting for new ATH. Hopefully this week, we may see another ATH. Bitcoin is so bullish.

[Silberman]

I reckon I should stop calling Michael Saylor a larper hehehe. It appears that he is in the lead in supporting this market presently with the absence of buyers needed to pump bitcoin to $60,000. However, how long can he sustain this?

As long as his company has investors and it is making profits, they might be able to sustain the company and even if they go under, they can just sell a portion of their coins. Great thing Microstrategy is continuously buying and accumulating bitcoin which is good for the market because it increases the prices but at the same time, it is scary because you will get less value out of your money when you buy bitcoin.

Credit rating agencies have been wanting to downgrade the credit rating of Microstrategy arguing they have too much exposure to bitcoin, which does not makes sense, the traditional way in which things were managed no longer applies and those rating agencies do not seem to be able to wrap their heads around it, bitcoin has changed everything and it does not make sense for Microstrategy to invest in anything else when their bitcoin investment has already gave them such high profits, after all if I can recall correctly it seems their average buying price is 25k which means Saylor has more than 100% profits in less than a year.