Michael Saylor has Acquired 121,044 BTC at $3.57 Billion

[Dripstoil]

Michael Sayor just Tweet that his company, MicroStrategy has acquired additional 7,002 Bitcoins for the price of $414.4 million USD, bring their total holding to 122 044+.

Let's look at the profit they've made so far

The 121,044 BTC was acquired with the total Investment sum of $3.57 billion at the average price of $27,534.

Now, let's assume they decided to sell everything off at the current market price range of about $60,000.

Update: I know the current market price is 48k. I'm speaking in the general sense of the current price range. In other words, if they decide to sell at the next bullish movement to 60k which may likely happen before February.

That wound amount to:

$60,000×121,044 =$7,262,640,000
= $7.27 billion Approx.

Subtract: The Investment capital from the current value

$7,270,000,000 - $3,570,000,000

Total Profit so far: = 3.7 Billion.

Remember, they aren't selling yet. Going by the current market trend, the profit could double to $7.4 Billion before the next year runs out.

Advice: If you really wants to make it big in Crypto, HODL without let up until the price is right for you.

[BlackHatCoiner]

Psst, buddy. The price isn't $60,000.

[Dripstoil]

Psst, buddy. The price isn't $60,000.

I know the current price is 48k. I'm speaking in general sense of the current price range. In other words, if they decide to sell at the next bullish movement to 60k which may likely happen before February.

For clarity, I'm going to add this comment to the main post.

Thanks.

[jackg]

Psst, buddy. The price isn't $60,000.

At 48000 (current price), profit is: $2.060 112bn, I'd be OK with that.

[Beparanf]

Michael Sayor just Tweet that his company, MicroStrategy has acquired additional 7,002 Bitcoins for the price of $414.4 million USD, bring their total holding to 122 044+.

Let's look at the profit they've made so far

The 121,044 BTC was acquired with the total Investment sum of $3.57 billion at the average price of $27,534.

Now, let's assume they decided to sell everything off at the current market price range of about $60,000.

Update: I know the current market price is 48k. I'm speaking in the general sense of the current price range. In other words, if they decide to sell at the next bullish movement to 60k which may likely happen before February.

That wound amount to:

$60,000×121,044 =$7,262,640,000
= $7.27 billion Approx.

Subtract: The Investment capital from the current value

$7,270,000,000 - $3,570,000,000

Total Profit so far: = 3.7 Billion.

Remember, they aren't selling yet. Going by the current market trend, the profit could double to $7.4 Billion before the next year runs out.

Advice: If you really wants to make it big in Crypto, HODL without let up until the price is right for you.

Maybe consider too the volume of liquidity on exchange orderbook. Its very impossible for them to sell-off on a single price without triggering the exchange bot to sell-off too as a reaction to there sell pressure. We are talking about a 100K Bitcoin here and we all know how volatile the market is. Maybe you should assume a much lower value to the current price if you want to assume a more realistic profit for them.

Even CZ become the richest person in the world if we consider that crypto market is not volatile tho.

[CaVO32]

Psst, buddy. The price isn't $60,000.

At 48000 (current price), profit is: $2.060 112bn, I'd be OK with that.

Nothing wrong with billion-dollar profits here.  Anyway, the OP is just saying that if they will sell at $60k, he knows that we are in the 48k level. People are indeed greedy if they are not happy with billion dollar profits. Well, that's to be expected. People want more as long as they see the probability that they will get more. Curious if Microstrategy is still buying at this dip just like El Salvador. For those small users who want to take advantage of this opportunity, they can very well buy some during this price drop and don't regret when the btc price starts to ramp up again.

[WillyAp]

I wonder why hardly anyone is talking bitcoin in sync with Satoshi.
Bitcoin thru this hardly recommendable attitude is on its way to acquire the synonymous value of plain greed.

[mv1986]

Michael Sayor just Tweet that his company, MicroStrategy has acquired additional 7,002 Bitcoins for the price of $414.4 million USD, bring their total holding to 122 044+.

Let's look at the profit they've made so far

The 121,044 BTC was acquired with the total Investment sum of $3.57 billion at the average price of $27,534.

Now, let's assume they decided to sell everything off at the current market price range of about $60,000.

Update: I know the current market price is 48k. I'm speaking in the general sense of the current price range. In other words, if they decide to sell at the next bullish movement to 60k which may likely happen before February.

That wound amount to:

$60,000×121,044 =$7,262,640,000
= $7.27 billion Approx.

Subtract: The Investment capital from the current value

$7,270,000,000 - $3,570,000,000

Total Profit so far: = 3.7 Billion.

Remember, they aren't selling yet. Going by the current market trend, the profit could double to $7.4 Billion before the next year runs out.

Advice: If you really wants to make it big in Crypto, HODL without let up until the price is right for you.

Maybe consider too the volume of liquidity on exchange orderbook. Its very impossible for them to sell-off on a single price without triggering the exchange bot to sell-off too as a reaction to there sell pressure. We are talking about a 100K Bitcoin here and we all know how volatile the market is. Maybe you should assume a much lower value to the current price if you want to assume a more realistic profit for them.

Even CZ become the richest person in the world if we consider that crypto market is not volatile tho.

With a volume of around $40 billion per day in Bitcoin and sometimes even more than that, it would require them to do a couple of transactions spread out over maybe a week or so I guess? That wouldn't hurt the price much or do you think otherwise? They could use several exchanges and slowly sell into some momentum. Nobody would dump 100,000 BTC straight into the market with one move anyway, unless they have some very important information!

[hatshepsut93]

Advice: If you really wants to make it big in Crypto, HODL without let up until the price is right for you.

If you're hodling shitcoins, you are losing value every day. Those DOGE buyers are sitting and waiting for the pump that could never come, because even now that shitcoin is insanely overpriced.

Anyway, what's so special about Saylor's investment, beside its size? Other people, who entered way earlier and hodl, have made much higher returns of investment. People like Winklevoss twins. But they don't post about it on Twitter, so no one talks about that.

[Yamifoud]

Companies and some individuals are hoarding Bitcoin for future purposes. We ain't seeing/hearing them selling as they keep it quiet but we don't know yet. But that Michael Saylor and the Microstartgey aims for something big and they really do in (almost) perfect timing like buying at this time. I'm not in surprise but instead, I was overwhelmed that we got this support.
Well, I know they will and I just hope that they will keep their keys/passwords carefully as they are now the possible target of these hackers.

[Dripstoil]

Well, I know they will and I just hope that they will keep their keys/passwords carefully as they are now the possible target of these hackers.

I believe the Bitcoins are sitting somewhere in multiple custom made Cold Wallets tucked away into a hardened Central Bank Vault. 

Hacking would be completely impossible

[Lucius]

Michael Sayor just Tweet that his company, MicroStrategy has acquired additional 7,002 Bitcoins for the price of $414.4 million USD, bring their total holding to 122 044+.

Why do you claim that something happened yesterday, if that tweet dates back to November 29th? This is old news and you have several threads in which it was published.


https://twitter.com/saylor/status/1465305537210458115?s=21

https://bitcointalk.org/index.php?topic=5268108.msg58568797#msg58568797

Total Profit so far: = 3.7 Billion.

Total profit so far = $0. It would be more accurate to call it unrealized profits.

[Dripstoil]

Why do you claim that something happened yesterday, if that tweet dates back to November 29th? This is old news and you have several threads in which it was published.

I don't get it. Where did I say it, anywhere in the thread, that it happened yesterday? Or you just inserted that to make your point?

This is not a news update. The thread is about highlighting the potential profit that has accrued in their $3+billion investment. We all know where to read news if we want to. This place, I think, is where we discussed anything and everything about Bitcoin, and that's exactly what this thread is about.

Total Profit so far: = 3.7 Billion.

Total profit so far = $0. It would be more accurate to call it unrealized profits.

You can take that as your own belief if it makes you feel better. But I don't think anyone can dismiss the fact that there's potential profit in billions of USD if they decide to sell today.

[Slow death]

As I'm ignorant and I'm not supposed to be up to date with the news, so I'll ask the following question:

who are the shareholders of MicroStrategy? I know Michael Sayor owns or partner, but does he own MicroStrategy alone or does he have more partners?

i'm asking this because they must be super rich people to always be buying multi million dollars worth of bitcoin and from what i see they haven't sold anything since they bought it or am i mistaken?

[DeathAngel]

I just hope he continues to be great for bitcoin. Let’s pray he has strong hands as we enter the next bear market because if he starts dumping in panic it will be bad.

[jackg]

As I'm ignorant and I'm not supposed to be up to date with the news, so I'll ask the following question:

who are the shareholders of MicroStrategy? I know Michael Sayor owns or partner, but does he own MicroStrategy alone or does he have more partners?

i'm asking this because they must be super rich people to always be buying multi million dollars worth of bitcoin and from what i see they haven't sold anything since they bought it or am i mistaken?

Afaik I think they're defined as an analytics, financial services, IT services and consultancy/intelligence firm (apparently founded in 1989). It's possible they're invested in bitcoin to just advertise their services in a few different ways also.

[franky1]

the latest acquisition: 7k coins at 400mill = $59k a coin

if he is willing to buy those MANY coins at $59k each, then he is not going to be willing to sell any below that price. else why buy soo many at a higher price.

if your a retailer buying wholesale bananas last year at 27 cents. and then this year still willing to buy banana's at 59cents. why would you then sell all your stock of bananas at 44cent.. when you could have not bought any of the 59cent bananas and just sold all your 27cent bananas.

[nelson4lov]

I just hope he continues to be great for bitcoin. Let’s pray he has strong hands as we enter the next bear market because if he starts dumping in panic it will be bad.

That's everyone's hopium. But I know they'd have to send some time in the future since these are just investment that they want to pay off in the long run. They'd have to take profits at some point right? Hopefully when that time comes, we'd be far gone in our mass adoption quest that their sales will have little to no effect in market movements. But from one I've observed so far, Microstrategy is betting big on bitcoin and might not sell anytime soon.

[Ziskinberg]

One of the biggest whales in crypto, with the whales continues to accumulate bitcoin for long term, I really believe that owning at least 1 bitcoin will change our lives in the future. We will probably be one of the millionaires in bitcoin if we own at least 1 BTC because eventually, bitcoin will reach $1 million which is a huge target but likely to happen in time.

[Fortify]

Michael Sayor just Tweet that his company, MicroStrategy has acquired additional 7,002 Bitcoins for the price of $414.4 million USD, bring their total holding to 122 044+.

Let's look at the profit they've made so far

The 121,044 BTC was acquired with the total Investment sum of $3.57 billion at the average price of $27,534.

Now, let's assume they decided to sell everything off at the current market price range of about $60,000.

Update: I know the current market price is 48k. I'm speaking in the general sense of the current price range. In other words, if they decide to sell at the next bullish movement to 60k which may likely happen before February.

That wound amount to:

$60,000×121,044 =$7,262,640,000
= $7.27 billion Approx.

Subtract: The Investment capital from the current value

$7,270,000,000 - $3,570,000,000

Total Profit so far: = 3.7 Billion.

Remember, they aren't selling yet. Going by the current market trend, the profit could double to $7.4 Billion before the next year runs out.

Advice: If you really wants to make it big in Crypto, HODL without let up until the price is right for you.

It's actually a rather sad thing for the future of Bitcoin, because the more financial whales that exist like this - the less volatile it is going to become in future because these players are running their own financial games. If more companies like Paypal were to get involved in the market and build their own internal ecosystem, it restricts the amount that are left over - which they will eventually buy up and remove from free circulation potentially forever. Instead of being a driver for innovation, it will become part of a walled garden that is controlled by banks or other institutions, who instead of making use of the blockchain will simply create an interface on top yet still reap transaction fees without moving any bitcoin around.