Microstrategy bought more bitcoin

[_act_]

I think this is a good news as we have this crypto enthusiast organization that continue to buy more bitcoin. Microstrategy bought more bitcoin. Its total holding is now 140000 BTC.

https://twitter.com/saylor/status/1643586872839471105?t=L7IzW6T8ltWlRp-9pB3Oow&s=19

MicroStrategy has acquired an additional 1,045 #bitcoin for ~ $29.3M at an average price of $28,016 per bitcoin. As of 4/4/2023 @MicroStrategy holds 140,000 bitcoin acquired for ~$4.17 billion at an average price of $29,803 per bitcoin. $MSTR

There is something seen about bitcoin, the future is bright.

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[Wiwo]

Micro strategy bitcoin purchase have been a constant news here in the forum and each time the company make a bitcoin purchase the always make is public and it's widely celebrated because as a big company that have been bullish on bitcoin over the years the company have accumulated thousands of Bitcoin with no records of sell or planned sell of they bitcoin Holding and this time the company have taken another step ahead because while companies are selling off their Bitcoin holding, micro strategy is busy accumulating more Bitcoin not minding what the price is.

I think this is a good news as we have this crypto enthusiast organization that continue to buy more bitcoin. Microstrategy bought more bitcoin. Its total holding is now 140000 BTC.

https://twitter.com/saylor/status/1643586872839471105?t=L7IzW6T8ltWlRp-9pB3Oow&s=19

[quote
]MicroStrategy has acquired an additional 1,045 #bitcoin for ~ $29.3M at an average price of $28,016 per bitcoin. As of 4/4/2023 @MicroStrategy holds 140,000 bitcoin acquired for ~$4.17 billion at an average price of $29,803 per bitcoin. $MSTR
There is something seen about Bitcoin, the future is bright.

There is no doubt that Bitcoin has a very exciting future planned for its long-term holders, and a few of them such as micro strategy and the rest of other companies or countries such as El Salvador 🇸🇻  who have accumulated alot of Bitcoin during this time will be proud of their decision shortly when they bitcoin holding will be worth x3 of the bought price.

[cafter]

this news impact price of bitcoin ? if yes, then may be they transfer coins from other wallet to pump bitcoin significantly and dump on high price (just a random thought but, before this tweet came out the price also risen up maybe they bought in real)

many times they tweet about new purchase of bitcoins.

it's nice they are DCA ing and now the average price of buying is ~$29000,  they started accumulating in 2020 (https://buybitcoinworldwide.com/microstrategy-statistics/) and they also bought in bull run when bitcoin was very expensive. and not average price is very cheap.
that's the power of DCA,

[un_rank]

It is difficult to keep up with the Bitcoin purchases of Microstrategy, just last week they totaled their recent purchases to make up their total holding of 138,955 BTC. And now could not resist the urge to round up that figure to 140,000BTC.

It is also great that they are not selling any at all, but applying the business model of using their deposits as collateral to take out spendable loans that they can repay at a later time and still retain their Bitcoins holding.
This way they do not simply tie up their cash in Bitcoin but can still have money to fund their activities.

this news impact price of bitcoin ? if yes, then may be they transfer coins from other wallet to pump bitcoin significantly and dump on high price (just a random thought but, before this tweet came out the price also risen up maybe they bought in real)

It can impact the sentiment of Bitcoin holders positively. The price change before the tweet could have been just a coincidence.

- Jay -

[Nwada001]

That's about 0.724% of the circulating supply and 0.75% of the total market cap, if my calculation is correct. this is really huge holding by them.  Maybe they have a target of accumulating 1-5% of the total Bitcoin supply before they can actually see it as a huge holding. 
It's really good to see firms, organizations, and investors buying and stocking up on bitcoin without the plan to sell it off any time soon. 

But if they eventually decide to sell off one day, they will shake the entire market for some time because this kind of holding can take off an entire exchange volume. 

[Nrcewker]

I think this is a good news as we have this crypto enthusiast organization that continue to buy more bitcoin. Microstrategy bought more bitcoin. Its total holding is now 140000 BTC.

They know the worth of the coins, for which they additionally bought this large amount of bitcoins at 28K USD. On the other hand, there are some people who keep complaining about the price and always cry because they missed the lowest possible price to buy. They are forgetting the fact that bitcoins are limited in number and hence very valuable. So if they are able to buy the coins at 30k USD, then they will also be profitable if they hold them dedicatedly for an year. Moreover, this huge purchase will definitely shake the crypto market. Let’s hope Bitcoin touches 35k USD soon in the first half of April.

[tranthidung]

According to MicroStrategy Bitcoin Holdings Chart & Purchase History, they owns 140,000 bitcoins as of April 5, 2023. The average purchase price was $29,803 per bitcoin with a total cost of $4.17 billion USD.

You can visit the link to see detailed table for their purchases in BTC purchased, amount, total bitcoin, total dollars and when they made those purchases.

However, you decide how your investment ends. If you can not hold your bitcoins, you will be more easily gotten loss rather than profit. Because you will have to sell your bitcoins even when you don't actually want to sell it but unfortunately you must do it.

To sum up, look at institutional investor activities is good as it can give you insights about their plans and possibly next trends of market. However, it is not enough can useless if you don't have good plans for yourself.

Some other sites to observe Bitcoin Treasuries

• Buybitcoinworldwide.com
• Bitcointreasuries.net
• Coinglass.com

[Faisal2202]

That's good news, this is a good sign of BTC's future. I am not an expert in predicting prices but if big authorities are buying BTC and announcing it publicly then that has a good impact on the market for the long term as these BTC will be held captive for a long period of time instead of for trading purposes. This will increase the demand as low supply is there in the market.

Overall, this will increase the hash power to increase in order to mine and thus the reward of BTC will decrease. Well, I think that's an obvious thing and every one of us Is familiar with this scenario. Things are getting close. One more thing I have in mind is that if the trading volume will decrease then the load on the blockchain will be less (like traffic). Then the transactional fee will be reduced?

[robattfield]

Indeed to me this is a good signal in the market for those who really believe in bitcoin, they are always trying to accumulate more, not just giving strong information about the product to determine the price of a number of coins and then make a profit like someone else. But it must also be expressed that the strategy that Microstrategy is applying in the market has also brought great profits to them and investors.
For me, even though there are only a few cryptos, but seeing some large corporations pay more attention to this market, is also giving me a certain amount of joy in the belief that one day not far from the market. This market will be strong enough to match or outperform some other financial markets in the economy.

[thecodebear]

ha nice they got to the round number of 140,000. It's gonna start getting much harder for them to accumulate in the near future. They won't ever get to that 1% number of 210,000 but that's probably good anyway, we don't need a single company owning 1% of the supply, and they can probably get to high 100,000s after a bunch more years of accumulation.

Just imagine if we start having dozens of companies racing to buy up Bitcoin to grow their corporate wealth and ensure their company is always financially safe. Too bad corporate executives outside Saylor haven't figured Bitcoin out yet. Maybe one day we'll see corporations putting in hundreds of millions of dollars into Bitcoin each month.

One of Zuckerberg's two goats is named Bitcoin. So he's gotta personally have a good stack of satoshis. I'm waiting for the day when Facebook announces a large Bitcoin buy or starts accumulating regularly. Zuckberberg would have been much smarter putting billions into Bitcoin rather than burning through billions of dollars on trying to pivot to Meta.

There was a small short lived corporate race into Bitcoin in late 2020 and early 2021. I wonder if we'll see a much larger corporate race into Bitcoin in 2024/25...though any companies that are smart will accumulate this year and early next year rather than wait for high prices.

[virasog]

this news impact price of bitcoin ? if yes, then may be they transfer coins from other wallet to pump bitcoin significantly and dump on high price (just a random thought but, before this tweet came out the price also risen up maybe they bought in real)

many times they tweet about new purchase of bitcoins.

it's nice they are DCA ing and now the average price of buying is ~$29000,  they started accumulating in 2020 (https://buybitcoinworldwide.com/microstrategy-statistics/) and they also bought in bull run when bitcoin was very expensive. and not average price is very cheap.
that's the power of DCA,

I do not believe that MicroStrategy buys bitcoin to manipulate the market or to become a whale who can pump or dump a coin.
The main purpose of MicroStrategy is to keep on buying Bitcoin BTC on every dip and accumulate it for the long term. They have a vision on how Bitcoin will become a mainstream currency and how much it can gain in price as the adoption of Bitcoin BTC will increase worldwide.

Another thing is that MicroStrategy is the only institute that buys bitcoin at all prices, and they never get panic even if the bitcoin price is lower than their buying price.

[DanWalker]

But if they eventually decide to sell off one day, they will shake the entire market for some time because this kind of holding can take off an entire exchange volume. 

Everything has its two sides, if the market does not have big investors, the market will not have much confidence, and the development of the market will be slow. On the other hand, it will also be a blow to the market if Microstrategy decides to sell all of their bitcoins. But if we look at it on the positive side, it's another chance we can get bitcoins cheaper if they dump them. Depending on how we see and accept them, sometimes it's not as negative as we think.

[zasad@]

Have you tried to study how Microstrategy makes money?
This company does not care how much they buy bitcoins, and until now their wallets are secret. If anyone knows their wallets, then write here. The company sells stocks, futures and other financial instruments, and its actions should not be used to judge the bitcoin market.

[m2017]

I think this is a good news as we have this crypto enthusiast organization that continue to buy more bitcoin. Microstrategy bought more bitcoin. Its total holding is now 140000 BTC.

They know the worth of the coins, for which they additionally bought this large amount of bitcoins at 28K USD. On the other hand, there are some people who keep complaining about the price and always cry because they missed the lowest possible price to buy. They are forgetting the fact that bitcoins are limited in number and hence very valuable. So if they are able to buy the coins at 30k USD, then they will also be profitable if they hold them dedicatedly for an year. Moreover, this huge purchase will definitely shake the crypto market. Let’s hope Bitcoin touches 35k USD soon in the first half of April.

Every time I see news like this that some company has bought a large amount of bitcoin, it outrages me: enough already, leave at least a little for ordinary people.

Shouldn't the purchase of 1 btc have had a slightly more noticeable effect on the current market value? $30mln. is a lot of money.

There are people who are looking for an excuse not to buy bitcoin: either the price doesn't suit them, then some doubts, then something else. And there are those who buy btc at the first opportunity. Microstrategy is an example of this. Although it is not entirely correct to compare ordinary people and big firms.

[jossiel]

It's a good but I don't know if I've that feeling of anxiety and think on the other side this is going to be sort of bad news in the future. Like, we're having the banks monopolizing some services as they've got a huge share on their market.

What if in the future that MSTR and other companies that holds a lot of bitcoin won't be letting it out in the economy and they'll all hold. Yeah, the price might pump and there will be a lesser supply in the economy.

But that also means that they might have a little control to the market when the time comes.

[Asiska02]

I think this is a good news as we have this crypto enthusiast organization that continue to buy more bitcoin. Microstrategy bought more bitcoin. Its total holding is now 140000 BTC.

https://twitter.com/saylor/status/1643586872839471105?t=L7IzW6T8ltWlRp-9pB3Oow&s=19

MicroStrategy has acquired an additional 1,045 #bitcoin for ~ $29.3M at an average price of $28,016 per bitcoin. As of 4/4/2023 @MicroStrategy holds 140,000 bitcoin acquired for ~$4.17 billion at an average price of $29,803 per bitcoin. $MSTR

There is something seen about bitcoin, the future is bright.

Microstrategy software company has surpassed other top companies in the list of most recent company bitcoin purchases. Even after selling a few months ago for a short-term tax benefit, they are still committed to a long-term bitcoin strategy. The company is very excited about bitcoin and does not believe it will fail, but they are looking at the bigger picture of the profit they will be able to accumulate in the coming years.

The company takes advantage of bitcoin by using the losses generated by the unexpected sale to offset previous capital gains, resulting in a tax benefit. This method used by the company can help long-term investors minimize large losses while also having a potential gain at the end of the day.

[Dunamisx]

I think this is a good news as we have this crypto enthusiast organization that continue to buy more bitcoin. Microstrategy bought more bitcoin. Its total holding is now 140000 BTC.

https://twitter.com/saylor/status/1643586872839471105?t=L7IzW6T8ltWlRp-9pB3Oow&s=19

MicroStrategy has acquired an additional 1,045 #bitcoin for ~ $29.3M at an average price of $28,016 per bitcoin. As of 4/4/2023 @MicroStrategy holds 140,000 bitcoin acquired for ~$4.17 billion at an average price of $29,803 per bitcoin. $MSTR

There is something seen about bitcoin, the future is bright.

I have expected something of this coming already from them considering few factors ahead, the first one is that now that we are still on the bear season, they may take this as part of their DCA purchasing pattern for more accumulation, secondly if you also think about now that we are in the Q2 of 2023  they might have study a new trend coming up soon in favour of bitcoin market, maybe a little more bull ahead where we are before the major one anticipated for halving, yet we can't predict Michael Saylor and microstrategy in their operandi strategies when it comes to buying bitcoin.

[Grim_Fandango]

It's a good but I don't know if I've that feeling of anxiety and think on the other side this is going to be sort of bad news in the future. Like, we're having the banks monopolizing some services as they've got a huge share on their market.

What if in the future that MSTR and other companies that holds a lot of bitcoin won't be letting it out in the economy and they'll all hold. Yeah, the price might pump and there will be a lesser supply in the economy.

But that also means that they might have a little control to the market when the time comes.

There is no point of worrying about things that you cant control. It was expected that Bitcoin will eventually attract big investors that will want to hold big chunk of Bitcoin supply and that just confirms how valuable this asset is. I think that there will always be enough Bitcoin around for all those that will need it.

Instead of worrying about future, best thing that we can do is to focus on ourselves and buy as much bitcoin as we can.

[macson]

I think this is a good news as we have this crypto enthusiast organization that continue to buy more bitcoin. Microstrategy bought more bitcoin. Its total holding is now 140000 BTC.

https://twitter.com/saylor/status/1643586872839471105?t=L7IzW6T8ltWlRp-9pB3Oow&s=19

MicroStrategy has acquired an additional 1,045 #bitcoin for ~ $29.3M at an average price of $28,016 per bitcoin. As of 4/4/2023 @MicroStrategy holds 140,000 bitcoin acquired for ~$4.17 billion at an average price of $29,803 per bitcoin. $MSTR

There is something seen about bitcoin, the future is bright.

michael saylor keeps his promise that he will buy bitcoin every day no matter whether the price of bitcoin goes down or up and that is a very brave decision.  this is the reason why i really respect Saylor rather than Elon, if Saylor always tries hard to keep his promises while Elon only seeks profit and tries to manipulate the crypto market with his influence.

[tread93]

I think this is a good news as we have this crypto enthusiast organization that continue to buy more bitcoin. Microstrategy bought more bitcoin. Its total holding is now 140000 BTC.

https://twitter.com/saylor/status/1643586872839471105?t=L7IzW6T8ltWlRp-9pB3Oow&s=19

MicroStrategy has acquired an additional 1,045 #bitcoin for ~ $29.3M at an average price of $28,016 per bitcoin. As of 4/4/2023 @MicroStrategy holds 140,000 bitcoin acquired for ~$4.17 billion at an average price of $29,803 per bitcoin. $MSTR

There is something seen about bitcoin, the future is bright.

Michael Saylor is the GOAT of buying bitcoin. GOD BLESS THAT MAN! Can't wait to see him again next month