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

[Lucius]

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?

Your thread is dated December 5, 2021, and you start it with the next sentence :

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+.

I used that quote in my previous post, so it’s not clear to me what “just tweet” should mean in your notion of the time when something happened. The news originally appeared on November 29, 2021.

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.

Completely irrelevant, given that there is a thread that monitors MicroStrategy's investments and in which, among other things, all relevant information can be found.

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.

I understand things the way it is right, because MicroStrategy holds Bitcoin which it claims it has no intention of selling because it considers it superior to fiat. People like you who are obsessed with profit can hardly understand the essence of Bitcoin and what Saylor says all the time.

[dezoel]

MicroStrategy, has been one of those companies that I’ve seen that are seriously supporting cryptocurrency. They keep buying Bitcoin even at a time that I would least imagine that they’re going to do such. This goes to show how they strongly believe in Bitcoin, and that will as well motivate other companies to do the same things and invest in cryptocurrency. It’s nice to see that they have not even sold the coins that they invested in, and they are ready to hold for a long term with the way I am seeing it.

Other companies should as well try to look into the future just as MicroStrategy has been doing for long now, they should know that in the future that Bitcoin is really going to be worth a lot of money by then, and only those that invested in it now are going to benefit from it.

[WillyAp]

MicroStrategy, has been one of those companies that I’ve seen that are seriously supporting cryptocurrency.

I believe that buying bitcoin as a mega corp is not done to support but for plain greed. It is harmful for the movement almost equal to the deeds whales commit.

[DeathAngel]

People like Saylor think long term so short term price action means nothing to people like him. Most people panic & do nothing when the price goes down or even worse, panic sell. Chads like Saylor buy & have no emotion during times like this. He is thinking about the long term future.

[Slow death]

MicroStrategy, has been one of those companies that I’ve seen that are seriously supporting cryptocurrency.

I believe that buying bitcoin as a mega corp is not done to support but for plain greed. It is harmful for the movement almost equal to the deeds whales commit.

as well as in every market, the rich also have an advantage over those who have little money and the richer they buy bitcoin, the more other rich people and large companies will follow the same path, so in a way this helps bitcoin itself because hundreds of rich people are buying bitcoin then governments will also look good on bitcoin, let's not forget that the rich and powerful run the corrupt politicians who rule the countries

[livingfree]

People like Saylor think long term so short term price action means nothing to people like him. Most people panic & do nothing when the price goes down or even worse, panic sell. Chads like Saylor buy & have no emotion during times like this. He is thinking about the long term future.

Right.

Michael and his cohorts are doing the right thing. They don't mind the dips and corrections but instead of being disappointed, they're taking advantage of buying more.

He planned it well and sees the future with what he's doing.

[Wind_FURY]

People like Saylor think long term so short term price action means nothing to people like him. Most people panic & do nothing when the price goes down or even worse, panic sell. Chads like Saylor buy & have no emotion during times like this. He is thinking about the long term future.

You’re right, Michael Saylor is truly a chad more than people in the forum believe. If everyone listened more of what he’s been saying, Bitcoin actually has utility for his company. Microstrategy is using Bitcoin as a hedge to the revenues being reduced by policies of the Federal Reserve.

[cryptoaddictchie]

Imagine if bitcoin price is 100k to 500k in the future. Saylor company would probably one of the greatest gains in business. Im sure many will fomo when btc started to move fast. In a time like this, many are probably loading up their bags so when the time comes thry could gain a good profit. Saylor as investor is one example of a long term player and will likely avoid any fud about btc without having any nervous breakdown.

[cryptomaniac_xxx]

People like Saylor think long term so short term price action means nothing to people like him. Most people panic & do nothing when the price goes down or even worse, panic sell. Chads like Saylor buy & have no emotion during times like this. He is thinking about the long term future.

You’re right, Michael Saylor is truly a chad more than people in the forum believe. If everyone listened more of what he’s been saying, Bitcoin actually has utility for his company. Microstrategy is using Bitcoin as a hedge to the revenues being reduced by policies of the Federal Reserve.

Yep, and this is what other companies that might be investing on bitcoin wanted to get out of it, being an hedge. Although it's a gamble, I should say, but nevertheless, it's a calculated risk since bitcoin has the tendency to go up ten folds in the future. And this is what Michael Saylor and those who are quiet in the background that invested on bitcoin is thinking, ahead of the time and ahead of the competition.

[noormcs5]

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+.

He is accumulating bitcoin as he knows the true potential of bitcoin. I am sure there are many investors who are silently holding bitcoin. It does not matter for us who is holding bitcoin and how much they have invested in bitcoin. What ever they are doing, they re doing for their own benefit.
What matter here is how much you and me are accumulating bitcoins. The more we have bitcoin in our wallets, the better it will be for us. 

[ChiBitCTy]

On CNBC yesterday they posted a stat of all of the publicly traded businesses that have significant bitcoin holdings and of course Michael Saylors Microstrategy was number one. They posted it almost like as a way to mock these companies due to the big dip. We shall see who will have the last laugh.

[Lucius]

Imagine if bitcoin price is 100k to 500k in the future. Saylor company would probably one of the greatest gains in business.

It is easy to imagine the opposite situation, what if the price of BTC for some reason is $10k or maybe a little more than that? Some will have a very good reason to point the finger at companies like MS and laugh at them for their moves. Even now things are not great for the company, their share has lost 19% in value, and the value of BTC they have lost as much as 50%.

I’m not saying it’s stupid to invest in Bitcoin, but it’s not wise to keep all your eggs in the same basket.

MicroStrategy’s own stock has declined 19% since Thursday, closing at $370.45 on Monday. Mr. Le attributed the drop largely to the broader selloff of technology and bitcoin-related stocks. MicroStrategy has made more than $750 million on its bitcoin investment at the current price, said Brent Thill, a senior analyst at Jefferies Group LLC, a financial-services firm. But some investors are concerned the company isn’t focusing enough on its core business, he said.

MicroStrategy reported a net loss of $36.1 million for the quarter ended Sept. 30, widening from a loss of $14.2 million in the prior-year period. Revenue, meanwhile, grew 0.5% to $128 million for the quarter from a year earlier.

[so98nn]

Im Hm, Michael is not at all doing well in this bearish trend.

Man, just look at the figures at this very moment. I mean he bought at 59K USD, which is worth some billion and its now cut down into half directly.

If he would have waited little bit then he could have had double the number of bitcoins in his wallet. The thing is everything is uncertain in the crypto world and this is the best example of it.

I always say, examples like these are million to billion dollar LESSONS for us. Even if you have pennies or billions, its all about the timing and analysis at which you trade your money.

Be smart, patient and visionary when you are going into bitcoin world. Dam!

[AakZaki]

You’re right, Michael Saylor is truly a chad more than people in the forum believe. If everyone listened more of what he’s been saying, Bitcoin actually has utility for his company. Microstrategy is using Bitcoin as a hedge to the revenues being reduced by policies of the Federal Reserve.

Sure, Saylor has understood bitcoin so he dared to hold so many bitcoins. If you look at the current price and some of the tweets that were written, of course, if you calculate it, they have lost a lot. But if they have enough funds and they believe Bitcoin will rise again as predicted then they will also get a lot of profit. I hope they can hold on to it, but if they buy again and again they may become Whales, maybe they are planning to move the market. With that much bitcoin I think they can hold or increase the market for a period of time.

[cryptoaddictchie]

I’m not saying it’s stupid to invest in Bitcoin, but it’s not wise to keep all your eggs in the same basket.

Actually some brand him like either stupid or a genius for his move. Im somehow understand what you mean, but of course they settled for the best one. Like all or nothing approach. Cant blame him, possibly he is not fan of altcoins. I am more inclined towards altcoins but we cant deny the fact that btc is a major coin that affects every coins out there. Once it move up, most of the coins pulled also, likewise when its down. Im sure Saylor wont let his ship sink without even thinking the possible consequence.

[Darker45]

Im Hm, Michael is not at all doing well in this bearish trend.

Man, just look at the figures at this very moment. I mean he bought at 59K USD, which is worth some billion and its now cut down into half directly.

If he would have waited little bit then he could have had double the number of bitcoins in his wallet. The thing is everything is uncertain in the crypto world and this is the best example of it.

I always say, examples like these are million to billion dollar LESSONS for us. Even if you have pennies or billions, its all about the timing and analysis at which you trade your money.

Be smart, patient and visionary when you are going into bitcoin world. Dam!

Nobody is doing well in this bearish trend. But there are two kinds of people who are not doing well in this bearish trend. There are those who feel down and give up. And there are also those who feel down and made the best of it. Those who are somehow depressed and fearful that the price has gone down a lot, wallow on it too much, end up selling at a loss. But those who are worried of the price drop and then start to look at the bright side of things are making the most of the trend, stacked more Sats, and successfully lowered down the average cost of their acquisition.

[worle1bm]

Im Hm, Michael is not at all doing well in this bearish trend.

Man, just look at the figures at this very moment. I mean he bought at 59K USD, which is worth some billion and its now cut down into half directly.

If he would have waited little bit then he could have had double the number of bitcoins in his wallet. The thing is everything is uncertain in the crypto world and this is the best example of it.

I always say, examples like these are million to billion dollar LESSONS for us. Even if you have pennies or billions, its all about the timing and analysis at which you trade your money.

Be smart, patient and visionary when you are going into bitcoin world. Dam!

On the contrary I would say he has done right thing as he is not selling them in near future and in the long term the prices will surely rise and past beyond $58k range also so his profits automatically will show up on the balance sheet so this won't matter at that time.The market was uncertain and who have thought it could go down to $35k also? But still the main part was he invested in btc and you will see his profits in the long run.We can't be sure which is the lowest point so we make mistakes but if profits are coming then it won't matter.

[Wind_FURY]

You’re right, Michael Saylor is truly a chad more than people in the forum believe. If everyone listened more of what he’s been saying, Bitcoin actually has utility for his company. Microstrategy is using Bitcoin as a hedge to the revenues being reduced by policies of the Federal Reserve.

Sure, Saylor has understood bitcoin so he dared to hold so many bitcoins. If you look at the current price and some of the tweets that were written, of course, if you calculate it, they have lost a lot. But if they have enough funds and they believe Bitcoin will rise again as predicted then they will also get a lot of profit. I hope they can hold on to it, but if they buy again and again they may become Whales, maybe they are planning to move the market. With that much bitcoin I think they can hold or increase the market for a period of time.

Michael Saylor is a HODLer. I believe he will find better ways to use his Bitcoin when it surges to six digits, or more. Saylor will be the person world leaders and business/financial giants will talk to if they want a facility for censorship-resistant world trade. He might actually become a trillionaire. Chad-Saylor.

[mia_houston]

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+.

He is accumulating bitcoin as he knows the true potential of bitcoin. I am sure there are many investors who are silently holding bitcoin. It does not matter for us who is holding bitcoin and how much they have invested in bitcoin. What ever they are doing, they re doing for their own benefit.
What matter here is how much you and me are accumulating bitcoins. The more we have bitcoin in our wallets, the better it will be for us.  

Currently he is one of the investors who may bitcoin hold quite a lot, and this is a form of his belief in bitcoin which in the future will benefit him and his company, besides MicroStrategy (Michael Saylor) there are several other large institutional companies that also have ownership bitcoin is quite large, namely:

1. MicroStrategy : 121.044 BTC

2. Grayscale Bitcoin Trust (GBTC): 645.622 BTC

3. Tesla : 42.902 BTC

4. The Tezos Foundation: 17.500 BTC

5. Galaxy Digital Holdings : 16.400 BTC

6. Voyage Digital Ltd : 12.260 BTC

Source : CNBC

[CryptoYar]

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

The average price is increased from $27,534 to $30,160 But yeah he is still in profit.

As of Dec. 29, the firm held 124,391 bitcoins, which it bought for nearly $3.8 billion, MicroStrategy CEO Michael Saylor said in a Twitter post on Thursday. The average price it has paid for all of its bitcoin to date is roughly $30,160.

Source: