Michael saylor and his bags

[rsarkar]

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

[NeuroticFish]

How to know when has he entered in the buying spree by looking at the price movements or charts?

Imho you can't.
Such buys are probably made by 3rd party specialized companies or actual exchanges.
The buys are spread to different times, values and maybe exchanges too, so you won't notice anything different than a dozen of traders buying now and then.

[leea-1334]

No actually, what they are saying is they will liquidate assets,,, mainly stocks to the amount of maybe $1 billion. AND part of this they will use to buy Bitcoin. I guess it might be even 500m but actually none of the amount is confirmed so I doubt it is really going to be a big market mover.

Plus the last time he did it did not really do anything big either!

[Tytanowy Janusz]

500 milion bought by experienced traders wont move price ... if they dont wont it to move price I expect people to front run Michael Saylor (thats why price grow now) and dump on him right after announcement that he has money ready to buy.

Worth to know info passed from other thread that refers to microstrategy investments.

On the first debt issue, they bought 65 mios daily and announced the end of the buys 10 days after the value date.
With the second issue, they were so much more efficient, and snapped 210 million daily and announced the results after 5 days, even if the issued amount was so much bigger.

This time I expect them to be at least as efficient as they were lat time: so I expect them to complete the buys in a couple of days, with announcements made public late Tuesday Wednesday.

[Ararbermas]

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

you can't get the right timing when he enter unless if he will post or make tweets like what elon's doing,. By the way where did you get this information? If i were you follow the site or the source of that information because for sure they're still the one who will post an update once that man you've mentioned above making moves in the crypto space..

[Lucius]

Such buys are probably made by 3rd party specialized companies or actual exchanges.
The buys are spread to different times, values and maybe exchanges too, so you won't notice anything different than a dozen of traders buying now and then.

It's no secret how MicroStrategy buys BTC without affecting the price - they do it through Coinbase, which again uses different methods to provide the customer with a satisfactory result. This approach does not surprise me at all, because all those who buy want the lowest possible price, and this can only be achieved if they use special methods that at least in the short term bypass the classic supply and demand situation. What actually happens is that Coinbase buys on behalf of the client, and then that same BTC ends up in their possession again (Coinbase Custody).

Our system takes a single large order and breaks it into many small pieces that are executed across multiple trading venues. This type of smart order routing minimizes the trade’s market impact and helps disguise the overall trade size. Leveraging our technology, the trading team achieved an average execution price that was less than the price at which buying started. In periods of high volatility, our advanced trading tools improved the client execution by as much as 1%. For MicroStrategy, this strategy resulted in savings of approximately $4.25 million.

[blockman]

There's no way to know it. He's like buying every single dip and every single week, day, or at any time. He's been known doing that even before this pandemic and the bull run has started. I know what you're thinking so that you can also enter as he enters. But it's not always a good time that he enters because I remember that there was some news that his company bought but it was I think above $40k so that particular batch of his purchase is at loss. Thus, he's buying for the long term so he's also like buying at any price that he has to.

[janggernaut]

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

The only way to find it is ask his bitcoin address. Obviously you can't know how and when he will buy the bitcoin. But if he feel bitcoin is dropped lot from his buying price, he will announce it on public if he already bought bitcoin to hope it pump. Just like he did when bitcoin dropped below $40,000 back then

[leea-1334]

The only way to find it is ask his bitcoin address. Obviously you can't know how and when he will buy the bitcoin. But if he feel bitcoin is dropped lot from his buying price, he will announce it on public if he already bought bitcoin to hope it pump. Just like he did when bitcoin dropped below $40,000 back then

I do not think it would be in one bag and in his personal wallet,,, This was a company so for sure they bought it and put it in multisig accounts maybe even under custody of some insurance backed company like Bitgo. Saylor is one man and we all remember what supposedly happened when 1 man died and Quadriga exchange lost everything right?

[Wexnident]

You can't really know. It isn't a big buy in the first place, nor is it possible from what I know. It's spread out across multiple buy orders, and for that amount, it'd be quite an enormous amount of orders. You can try checking for his wallet but I hardly doubt you'd get his info in the first place, not to mention that who knows, it may have been spread across multiple wallets instead of only one. Big trades are made in small portions so that they aren't noticeable in the first place, and so that they don't negatively affect the market.

[Lucius]

There's no way to know it.

This was a company so for sure they bought it and put it in multisig accounts maybe even under custody of some insurance backed company like Bitgo.

You can't really know.

Is it hard to read a few posts and find out how MicroStrategy buys BTC - rather than continue to speculate and copy other people's answers? We know the way he buys, we know when he will buy approximately (there is always an announcement), but that doesn't help us at all because the way he buys never affects the price.

[Smitty Werben Man Jensen]

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

there is nothing we can see, we can only see in the order book or in the transaction history,
if you are a binance user then look there, if someone bought $500 million for Bitcoin, maybe Michael Saylor bought it,
well, no one will know about Michael Saylor's buying in the market, we can only know about analyzing the chart

[Renampun]

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

from what I've noticed, Michael Saylor buys Bitcoin at an unknown time...

basically, he buys Bitcoin when the market is down, his only goal is to spread public confidence to buy Bitcoin too. recently when the market was sluggish he bought more Bitcoins, from there we can know his buying habits.

[jambul_kribo]

michael saylor have huge funding to realize his dream to make bitcoin price hit $100k. many time in every dip saylor make partially buying to drive bitcoin price again. but unfortunately what saylor doing was not enough to drive price higher and higher, alot of traders and investors still pessimist with current situation.

[leea-1334]

This was a company so for sure they bought it and put it in multisig accounts maybe even under custody of some insurance backed company like Bitgo.

Is it hard to read a few posts and find out how MicroStrategy buys BTC - rather than continue to speculate and copy other people's answers? We know the way he buys, we know when he will buy approximately (there is always an announcement), but that doesn't help us at all because the way he buys never affects the price.

I am sorry if you think I copied other people's answers?

I read the story, on Financial Times, but it never gave any of those information so my first response was to title of thread saying "his bags" which clearly it could not have been. My second response I do see now that you answered about Coinbase being the ones buying for them. My bad for missing that.

[The Sceptical Chymist]

It's no secret how MicroStrategy buys BTC without affecting the price - they do it through Coinbase, which again uses different methods to provide the customer with a satisfactory result.

Makes sense, US company using a US exchange to buy huge amounts of crypto.  I don't see how else a publicly-traded corporation would do it.  If they bought from an individual whale, there might be questions from shareholders (or short-sellers) about conflicts of interest and so forth; and it wouldn't be great for MSTR's public image if they used a foreign exchange, nor would it likely be advantageous for them to do so.

And OP, I wouldn't call what Michael Saylor has as "bags".  For one thing, the bitcoin isn't his.  For another, what MSTR owns is a huge amount of bitcoin, the king of kings when it comes to crypto.  "Holding the bag" implies that you've bought something lousy, and that doesn't describe bitcoin at all.

[Wind_FURY]

500 milion bought by experienced traders wont move price ... if they dont wont it to move price I expect people to front run Michael Saylor (thats why price grow now) and dump on him right after announcement that he has money ready to buy.

Worth to know info passed from other thread that refers to microstrategy investments.

On the first debt issue, they bought 65 mios daily and announced the end of the buys 10 days after the value date.
With the second issue, they were so much more efficient, and snapped 210 million daily and announced the results after 5 days, even if the issued amount was so much bigger.

This time I expect them to be at least as efficient as they were lat time: so I expect them to complete the buys in a couple of days, with announcements made public late Tuesday Wednesday.

Traders DID front run him. Bitcoin surged from $35,000 to $40,000 in a mere 72 hours. But Saylor’s traders obviously expected it, and placed their bids probably lower than where everyone believes. He also probably learned a hard lesson after buying Bitcoin blindly at > $50,000 market during the crashening.

[GreatArkansas]

michael saylor have huge funding to realize his dream to make bitcoin price hit $100k. many time in every dip saylor make partially buying to drive bitcoin price again. but unfortunately what saylor doing was not enough to drive price higher and higher, alot of traders and investors still pessimist with current situation.

In the beginning, there could be some effect on the price of Bitcoin when these kinds of a huge company are announcing that they are buying Bitcoins.
But if you can see, as time goes by, several companies or the same companies are announcing that they bought Bitcoin, the effect on the price as time goes by is not the same at the beginning.
For me at the end of the day, the amount or how big the money will move in Bitcoin will matter, the price will probably react.

[bitcub]

We need whales like this man. We need more volume for BTC for now.

Michael Saylor buying $500m or even a billion with his strategy.
How to know when has he entered in the buying spree by looking at the price movements or charts?

[Sterbens]

that's the problem, when we want to be like what he did but we ourselves forget how to achieve our own trading strategy based on our initial concept when trading.
so I don't think anyone will know, but for sure, if he uses analysis services, it will be very expensive. as for if on the contrary he uses his mastery to buy, then at least he is proficient in determining when to enter at the ideal price.