MicroStrategy Acquires Additional 480 Bitcoins

[yhiaali3]

This is the best time for DCA, MicroStrategy applies it perfectly, the company's policy can be described as the policy of a company that believes in bitcoin and has foresight at the same time, who believe in bitcoin and have a vision of the future are the only ones who are buying now because they are sure that bitcoin will soon return to make new highs , so they are the winners in the end, even if it seems to the world that they have lost millions at the moment, but this will all change over time. Soon the big companies will regret that they didn't do like Microstrategy.

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[lovesmayfamilis]

A positive and optimistic attitude towards bitcoin breaks records at MicroStrategy. Even in times of decadent moods, they still remain loyal fans of this asset. Sailor remains true to his promises that he will continue to invest in bitcoin no matter what the predictions are. This is huge respect, as well as good motivation for those who are on the verge of losing confidence in bitcoin.

[cabron]

In an interview Saylor also emphasized that he isnt afraid of margin call but maybe the need to buy more is for such purpose. And at the same time they've gotnhuge.amount of reserves for this kind of dip. This reserve could also come from the profit made during the bull run.

Positive attitude is same with Bukele, he just doesnt have funds for it.  Its this attitude also that will make them richer after this bear season.

[PX-Z]

Best move and timing to take advantage the current situation. Although the timeframe of bouncing back of price is unknown yet the confidence is certain.

I'm always amazed how such company do invest in large amount, i wonder what's their timeframe to sell off, is it fixed by month/year or fixed by number/percentage of profit, or etc.

[Fortify]

MicroStrategy has purchased an additional 480 bitcoins for ~$10.0 million at an average price of ~$20,817 per #bitcoin. 
As of 6/28/22 MicroStrategy holds ~129,699 bitcoins  acquired for ~$3.98 billion at an average price of ~$30,664 per bitcoin.

Man trying to DCA with millions. 

It seems that DCA is the new buzzword of the moment that people have latched onto and repeat regularly now. At present they are likely substantially down on their invested money, as it's probable they bought big chunks of bitcoin when it was at higher value. Big whales like this are actually bad for the average bitcoin user as they have the power to heavily influence the price and most likely ship off their exposure by selling to the super rich who will never sell - which stunts the practical usage of it as a widespread currency in regular circulation.

[Oneandpure]

Still not impact what did by MicroStrategy added 480 bitcoins for re investing and price keep move down today, I think right now have another anonymous investor about bitcoin and not show to public, when bitcoin drop they have opportunity how to make dump because selling with large amount. Need to find other project were brave investing on bitcoin for long term period, exactly when bitcoin still have lower price nowadays and good moment buy back on $20,000. More than MicroStrategy for investing with bitcoin and hold it for long term and waiting after bitcoin reach higher price and need until make new all time high again.

[buwaytress]

I wonder how many buys has it been? Has to be one of the smallest (this was 0.3% of total)... if it's been one of 100 buys yeah, great DCA, otherwise not really heh. Can't say as I don't follow, I'd be coughing blood to buy 0.48 BTC haha

Here's one chart I found from here. You're right that out of all the buys it's pretty insignificant, looks like another "loose change" buy, roughly 10% of quarterly earnings. His strategy isn't really DCA in the context of buying the same amount each time, it's simply based on buying as much as possible. In this case, just a bit of revenue by looks of it. Otherwise known as a "hopium" buy looking at similar small purchases.

Actually was surprised, I'd have assumed he had a lot more buys than that, definitely not any kind of DCA, considering the 20,000 BTC (thereabouts) purchases he plopped down early on and then repeated en route to the top. Interesting how it seems his bigger buys were near the top, and the pebble purchases were at the dips. Suppose he thought things were gearing up at each big buy.

Just buying as much as possible yeah, though I wonder if he'll start thinking about being more strategic now, with just plain good old actual DCA.

[darkv0rt3x]

Man trying to DCA with millions. 

That's a seven figure number. It's fair enough for a company.

For any individual a three figure is not bad at all. Imagine someone who is continuing DCA from 2017 or earlier. They also considered selling some at the peak. Again they are buying back in difference price. There will be many who has been doing it from years.

MicroStrategy could be an example that it's never late in crypto.

I disagree. Microstrategy is an example on how not to invest in the cryptospace. The investment holds 129,699 coins with an average price of $30,664. This is a loss of $1 billion on an asset that has pumped 4x since March 2020.

It will also not only be about the loss on paper at present. Microstrategy will be reporting this loss in their monthly income statement. It is very head shaking what he has done.

How is it a loss? You should call it maybe a virtual loss. He didn't sell to actually lose anything. So, there is no actual loss. Same goes with El Salvador. The country lost nothing because they didn't sell nothing. 1 BTC = 1 BTC. Same goes if value goes up. They profit nothing unless they sell. That concept only comes to reality when a sell is made!

[rhomelmabini]

MicroStrategy has purchased an additional 480 bitcoins for ~$10.0 million at an average price of ~$20,817 per #bitcoin. 
As of 6/28/22 MicroStrategy holds ~129,699 bitcoins  acquired for ~$3.98 billion at an average price of ~$30,664 per bitcoin.

Man trying to DCA with millions. 

Well they are worth a billion company and I think the DCA for over a million is a few percentage for what they're worth. They're negative $10k for the average price it was acquired. Michael is an optimistic guy and he believes on what the future may hold for Bitcoin, I'm optimistic too that they may be worth 11 figures Bitcoin company.

[tomahawk9]

In an interview Saylor also emphasized that he isnt afraid of margin call but maybe the need to buy more is for such purpose.

even at current prices, (19k today or 20k tomorrow, whatever), plus their uncollateralized btc (over 90k), Microstrategy have more than enough btc for additional collateral to stop any margin calls. Let's not start spreading this mmargin call FUD again, the media tried to run this same fud a few weeks ago and failed miserably  

[avikz]

MicroStrategy has purchased an additional 480 bitcoins for ~$10.0 million at an average price of ~$20,817 per #bitcoin. 
As of 6/28/22 MicroStrategy holds ~129,699 bitcoins  acquired for ~$3.98 billion at an average price of ~$30,664 per bitcoin.

Man trying to DCA with millions. 

Smart move! It was expected from Microstrategy. Because they have gone into super bullish mode since a long time now. So it's no surprise that they are trying to DCA. Many people do not understand opportunity even when it is knocking on their door. Those who understand, make big bucks out of the market and rest of the population wait for FOMO to happen!

Even though I do not support institutional investors holding such a huge amount of bitcoins. But from a business perspective, it is a smart move!

[BitcoinGirl.Club]

I disagree. Microstrategy is an example on how not to invest in the cryptospace. The investment holds 129,699 coins with an average price of $30,664. This is a loss of $1 billion on an asset that has pumped 4x since March 2020.

Until they sell there are no loss. All BTC are in the wallet. It is safe to say that MicroStrategy is not looking at to sell their bitcoin at a price of $19k or even at $30,664. Perhaps they are looking at an x% gain of their investment before they cash it out or invest it in something else. Big boys do not lose their money but they make more from it when they invest, it's a fact. It's the small guys who are too curious and panic to make an instant decision and later regret.  

Many people do not understand opportunity even when it is knocking on their door. Those who understand, make big bucks out of the market and rest of the population wait for FOMO to happen!

Imaginary situation for average people who always like to watch and do nothing.
At a price of:
$60K. Damn! Too much, hack I should have brought when the price was $10k. If it drops to $40k I will buy all. There are no way the price will drop below.
$40k. Shit it's dropping I should wait a few days.
$47k. Huh! Just missed it. Let it go below $40k.
$32k. Holy fuck. Bitcoin will drop more. I will wait.
$20k. Thank god. I did not buy at $32k
$19k. Let's wait few more days.
$40k. Damn it! I will wait for the price to drop again.
$100k. No no! Fuck! Bitcoin is pyramid scheme

[hd49728]

$19k. Let's wait few more days.

If price falls back to $17.6k, they will hope it will fall more to $15k or $12k. It is reasonable waiting but many people will reject to buy if price actually dips to $13k. At that time, if it occurs, they will wait for $5k or $9k and will miss a boat.

If you believe in Bitcoin, let's dollar cost averaging if it has 30% to 40% corrections. From all time high till today, we witness a more than 70% correction. It is a good entry range to buy Bitcoin. Price can fall more but don't call lower price which will be continued by lower prices.

[BITCOIN4X]

So far, MicroStrategy is known as one of the companies that have quite a lot of bitcoin through their investments. I'm not surprised by the way they invest because they actually have the power to do it, but I just wonder why they have to announce it to the media every time they make a purchase. If every time MicroStrategy makes that announcement, the price of bitcoin goes down, then I just think that they just want to see the market lower rather than increase the hype in the market.

Many people have started to realize that they do not have to rely on a particular institution to invest. MicroStrategi has never always been the biggest bitcoin holder forever because I believe they also need the balance of the company's finances and that only requires them to sell some of it.

[so98nn]

That’s fabulous. Look at the average price they have got and its like 50% discounted from the ATH of 69k in the earlier years. Man, if ever bitcoin hits back to that price per bitcoin then boom they could just double their assets and be mega holder institution in the crypto space. Just loving the way they are trying to hold on to bitcoin in such besiege market too. May be that’s the reason they are become so much grand in investment sector.

[BitcoinGirl.Club]

If you believe in Bitcoin, let's dollar cost averaging if it has 30% to 40% corrections. From all time high till today, we witness a more than 70% correction. It is a good entry range to buy Bitcoin. Price can fall more but don't call lower price which will be continued by lower prices.

Problem with us average people that we do not have cash-flow all the time. When you spend money then you need to wait for the next paycheck or make a profit from your existing business to invest in bitcoin. It's better not to go all-in even if the price drops to $14k. Have the cash available, if it drops more and you can accumulate from that insane dropped price. In the mean time sell anything that is not necessary for you to live. Have cash 😉

It all sounds crazy but this is the mood I am in now 😂

Man, if ever bitcoin hits back to that price per bitcoin then boom they could just double their assets and be mega holder institution in the crypto space.

I told before that some of us are lucky. We did not have to wait to be in Bitcoin and the price was over $25k

[Welsh]

MicroStrategy is just one of the examples, in fact one of the better examples because of it being a company that's got the faith, but I've noticed a pattern over the years that the longer Bitcoin is around, despite hitting these unstable times, which definitely are a hurdle when it comes to getting merchants, and the like to accept Bitcoin. Despite, that Bitcoin over the years, has been given more faith as time goes on.

Take a look around, there's plenty of FUD, but looking past that, I'm seeing more people advocate holding or people willing to buy in at low prices, because they just have this faith that Bitcoin will recover. This sort of mentality was only reserved for a select few a couple of years ago.


This proves to me personally that despite having turbulent times right now, and likely quite a few more in the short term, companies, as well as individuals are still seeing the benefit of investing in Bitcoin, which ultimately increases the chance of mainstream adoption in the long term.

[abel1337]

This might be a selling signal from Micro Strategy. Imagine they bought a few thousand of btc at much higher price before but now they just bought 480 bitcoins on a 50% discount rate you said. They should bought more if they think that this is the bottom. I think this is how Micro Strategy shows their beliefs in public but have a doubt at the back of their minds.

[Leviathan.007]

Is there a link to this news about buying of 480 bitcoins by MicroStrategy?

What will the alarmists say to this, shouting that bitcoin will soon die, will cost 0, and that we need to get rid of the depreciating asset as soon as possible? Oh yes, sell so companies like MicroStrategy buy for ~$20K and then sell like you when it's worth $100K.

The best source for MicroStrategy and information about them buying more bitcoin is always Twitter. They always tweet about the bitcoins they buy and they did the same thing this time. During the bearish phase of any market including bitcoin, there is many of negative news and many people will suffer FUD because of many reasons. While the whales will gather more bitcoins and MicroStrategy is one of them while most people think that MicroStrategy is under pressure because of the falling of the market they buy more bitcoins at lower prices to lower the average buying amount that's the technique they use.

[bbc.reporter]

Man trying to DCA with millions. 

That's a seven figure number. It's fair enough for a company.

For any individual a three figure is not bad at all. Imagine someone who is continuing DCA from 2017 or earlier. They also considered selling some at the peak. Again they are buying back in difference price. There will be many who has been doing it from years.

MicroStrategy could be an example that it's never late in crypto.

I disagree. Microstrategy is an example on how not to invest in the cryptospace. The investment holds 129,699 coins with an average price of $30,664. This is a loss of $1 billion on an asset that has pumped 4x since March 2020.

It will also not only be about the loss on paper at present. Microstrategy will be reporting this loss in their monthly income statement. It is very head shaking what he has done.

How is it a loss? You should call it maybe a virtual loss. He didn't sell to actually lose anything. So, there is no actual loss. Same goes with El Salvador. The country lost nothing because they didn't sell nothing. 1 BTC = 1 BTC. Same goes if value goes up. They profit nothing unless they sell. That concept only comes to reality when a sell is made!

The correct term is called a paper loss and you are correct that the loss is not yet a realized loss, however, this loss will be reported in the company's income statement. This makes the loss appear very real among shareholders and board of directors? What would he tell them? Also, do not forget Michael Saylor's history in investing. He was one of the biggest losers during the internet boom. Microstrategy's investment on Bitcoin now is with a $1 billion loss because of his bad decisions.