Do you believe Michael Saylor is currently getting antsy?

[LucasTerry]

The purchase price of Microstrategy in Ave is around $31,500. Additionally, Tesla's average buy-in price is $36k. Is Elon going to sell?

What are your thoughts, gentlemen?

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[mk4]

I'm pretty sure they(and their CFOs) bought bitcoin for the intent of holding it(and definitely not trading) for years or possibly decades. It would be utterly dumb for them to panic dump bitcoin just because the price crashed. They're not retail traders in the first place.

[jossiel]

The purchase price of Microstrategy in Ave is around $31,500. Additionally, Tesla's average buy-in price is $36k. Is Elon going to sell?

What are your thoughts, gentlemen?

If they're going to sell, they should have done that at the top. These people knew when to get in and to get out and if it's just about selling, they've probably done it already.

But if their main focus is holding.

Do not expect them to sell at any moment from now on. Let's wait for a few days and they might bring more bitcoin into their stash and will take this dipping opportunity to buy more.

[o_e_l_e_o]

I'm pretty sure Musk and Saylor aren't stupid enough to buy high and sell low like the average get-rich-quick noob you see panicking on here/Reddit/Twitter whenever the price dips.

Also, this:

"Never. No. We're not sellers," the MicroStrategy CEO told Bloomberg in an interview published Thursday. "We're only acquiring and holding bitcoin, right? That's our strategy."

The fundamentals of bitcoin were the same a few months ago at $67k as they are today at sub $40k. When we are at $67k, people were lamenting that it wasn't cheaper so they could buy more. Now it is cheaper and they are panic selling instead.

[NeuroticFish]

Michael Saylor was implying yesterday on twitter that he is going to stay in for at least 4 years. I don't think that the current dump has change anything. (And imho, if the 4 year barrier is broken, next step is indeed "forever").

If you are going to invest in #bitcoin, a short time horizon is four years, a mid time horizon is ten years, & the right time horizon is #forever.

[STT]

Price doesnt determine value, its not the reason to buy sell or hold purely on.  A large part of BTC market is speculative but when they invest to such a large extent they cannot make decision by price or they would have to have been far more active trading wise in doing so.
   This current pricing is no worse then the rest of the year, its slightly better looking now I would rate it to have developed over the last year and ridden out the idea of a spike up and spike down type movement.   It might not be as positive as some had hoped but longer term its doing fine imo and the year to year picture is the biggest worry for the largest holdings imo.

[Bttzed03]

Comments above tells us that they are most likely not going to do that. Apart from the price volatility, I don't see other reasons why they would sell. They haven't converted majority of their assets to crypto have they? These guys are pretty good at managing their finances and I would just assume their company have enough fiat to remain liquid for years. That also means they won't be forced to sell BTC.

[hugeblack]

The only reason they would do this is for shorting.
Therefore, all scenarios are possible, especially since these institutions can buy and that the announcement will not be made until several months later, when the quarterly reports appear.

Now there is no logical justification for such declines. However, we have not heard many who are afraid to sell, and therefore the opportunity is now golden for everyone who wants to buy and make profits.

As for Michael Saylor, with the positive videos I hear from him, I don't think he will think about selling soon.

[pauloaragaomelo]

The purchase price of Microstrategy in Ave is around $31,500. Additionally, Tesla's average buy-in price is $36k. Is Elon going to sell?

What are your thoughts, gentlemen?

They already understand the cycle of crypto market so they are confident to invest millions of dollars regardless of high or low price, panic when bear market is only for noobs because they don't understand market patterns, noobs trade for small profits but long term holders of Btc will always be winners forever in cryptocurrency history.

[mk4]

The only reason they would do this is for shorting.

Possibly. But I don't think there's any reason for such companies(that aren't specifically trading/investing related) to short, regardless of market sentiment. Probably sell a small amount just to re-balance their balance sheets and to be able to afford more development; but shorting? I don't think so.

[tokeweed]

Michael Saylor was implying yesterday on twitter that he is going to stay in for at least 4 years. I don't think that the current dump has change anything. (And imho, if the 4 year barrier is broken, next step is indeed "forever").

If you are going to invest in #bitcoin, a short time horizon is four years, a mid time horizon is ten years, & the right time horizon is #forever.

Yup...  And if really Saylor had no choice but to exit from all the BTC under his custody, I think he wouldn’t say or do it outright.  He’ll prolly fake cancer or something and be gone from everyone’s sight. 

Seriously tho if somebody has to get antsy, it’s his creditors who loaned him the money for him to buy a huge load of BTC.  Lol.  But as long as he’s capable of paying interest then I guess there’s no problem.

[Tmdz]

People like Saylor have very long term projections on bitcoin, their positions are so massive that it takes long periods of time for them to accumulate them.
So the short term price is not that much of a concern, they look for global adoption increasing each year.
All industries experience downturns, even revolutionary ones.

[Lucius]

It's hard to say what's in his head, but he certainly didn't make an investment like this without a plan. In addition, his initial investment took place back in 2020, when the price of BTC was just around $20k or less - the average price at which he bought was around $30k if you take into account the entire period from 2020 until today.

Should the price go even further down, and if we really confirm the four-year cycle and the new crypto winter, Saylor may have no choice but to sell part of BTC.

[el kaka22]

The only reason they would do this is for shorting.
Therefore, all scenarios are possible, especially since these institutions can buy and that the announcement will not be made until several months later, when the quarterly reports appear.

Now there is no logical justification for such declines. However, we have not heard many who are afraid to sell, and therefore the opportunity is now golden for everyone who wants to buy and make profits.

As for Michael Saylor, with the positive videos I hear from him, I don't think he will think about selling soon.

Shorters will always do whatever they can just to drop the price of bitcoin. I feel like it is really not a big bad deal for any of us to buy when it is this low. Remember even Warren Buffet himself said that the best profitable years of his life came after a big drop, that 2008 helped him grow his companies so much. It obviously worked great for him since he became even richer, and obviously it requires you to have cash to get in just at the right time, but we are half way there anyway.

We are at the great time, it is low right now and we can get in, we could 2x in a year, all there is left is having money to invest. Not everyone have money to invest right now and I know that, and I can't tell anyone to just go out and sell their car and put the money into crypto, that would be silly, but at the same time if you do have money then it is not time to be scared and you should get in.

[Silberman]

The purchase price of Microstrategy in Ave is around $31,500. Additionally, Tesla's average buy-in price is $36k. Is Elon going to sell?

What are your thoughts, gentlemen?

I do not think that is the case, one thing we need to understand is that you do not get to be that rich and make huge mistakes like buying an asset at a price and selling it at a lower price, I really think that we could see the opposite reaction from them, basically instead of selling they will begin to buy bitcoin now that it is priced at affordable prices again, affordable for them of course, and by doing this they will increase the demand for bitcoin while they will also decrease the downward inertia of the price, so bitcoin will recover from this quicker than if they were not in the market.

[Renampun]

The purchase price of Microstrategy in Ave is around $31,500. Additionally, Tesla's average buy-in price is $36k. Is Elon going to sell?

What are your thoughts, gentlemen?

even if those two people sell, they definitely won't announce it to the public...

Microstrategy's reputation soared because of bitcoin, if they come back and sell the bitcoins they bought it is very likely that Microstrategy will lose reputation, as well as Elon Musk. they are both smart people, and surely their belief in bitcoin will not waver just because of the bear market alone.

[stompix]

Elon and Saylor are two different cases.
First, there is the size of the business involved, Tesla vs Microstrategy which there is not even worth a debate, then there is the way they acquired those coins, for Tesla, it was a purchase of 0.1% compared to its size made from their funds, in the case of Micro it was totally different.

MicroStrategy increased the size of a junk-bond sale to help it buy more bitcoin, selling $500 million of debt rather than the originally planned $400 million, the company said on June 8.

So unlike Musk who could easily write off that 1.5 billion in the case of Saylor his entire purchase was made with borrowed money from other people's pockets, and borrowed money needs to be paid back. As weird as it may sound, in the case of a (totally unrealistic) price collapse the first one to blink will be Saylor and not Musk, and it's not really about blinking but rather running away with a  mob of angry "investors" demanding their money back.

[Yaunfitda]

The purchase price of Microstrategy in Ave is around $31,500. Additionally, Tesla's average buy-in price is $36k. Is Elon going to sell?

What are your thoughts, gentlemen?

And why would they sell if they are not going to make a profit? their intention is to buy cheap bitcoin, so in the contrary, instead of selling, I'm thinking the opposite, they might be buying when the price hits $36k and $31k.

Those whales are wise enough, as the saying goes, buy when there is blood in the street so I think that's what they are going to do in the next couple of dips.

[hatshepsut93]

So unlike Musk who could easily write off that 1.5 billion in the case of Saylor his entire purchase was made with borrowed money from other people's pockets, and borrowed money needs to be paid back. As weird as it may sound, in the case of a (totally unrealistic) price collapse the first one to blink will be Saylor and not Musk, and it's not really about blinking but rather running away with a  mob of angry "investors" demanding their money back.

Last time I checked on Microstrategy, it basically relied on Bitcoin's performance to exist, that's how deeply invested it got. So Microstrategy could just collapse if Bitcoin falls below certain level for a long enough period of time. And as we are approaching the average buy price of Microstrategy, I can only imagine how stressed Michael Saylor gets. I don't believe he is a genius visionary who predicted every Bitcoin up and down and now calmly sits and watches it all play out. He strikes me more as a guy who let his initial success drive him to make more and more reckless investments.

[dothebeats]

I doubt they're worried even at the slightest. They have made a lot of money on other ventures with lots of pressures too, and bitcoin and crypto, IMO, is just one of those ventures that they have to face such situations wherein their backs are against the wall and they can't do anything. Sure they can sell, but that will ultimately destroy what they have built in the years. If ever they sell, it will not be all of their stash. Come to think of it, how many bear and bull markets have we encountered within the last decade? Sure enough there is a high chance that those things happen, and we are in the phase wherein everything is painted red.