Microstrategy bought more bitcoin

[AmoreJaz]

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.

and that clearly means that he has high hopes for this market up until now. most are just pure talk of buying but he is the real deal. buying when a lot are having second thoughts. they will only post when they have bought those BTCs, whereas, some people will post a lot in their socmed before buying and still ended up not buying anything.
with big companies like microstrategy still buying, it means they are not losing their confidence on this market.

[1714761295]

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[RapTarX]

this news impact price of bitcoin ?

It does! Every time Microstrategy buys bitcoin, bitcoin gets dumped though the reversal should be the case. I don't get why bitcoin price drops when Saylor announces BTC purchase LOL.
Well, I guess this isn't something we should be happy at. They are trying to get the big piece of the cake; isn't it going to make him influence the BTC price significantly? I guess yes, that's what going to happen in the near future.

[drwhobox]

many times they tweet about new purchase of bitcoins.

They always bought bitcoin while the market is about to go up, but they have no selling records. I think they truly believe in the potential of bitcoin that others don't.
It is good to see that they are into bitcoin.

But what if they have enough bitcoin to control the market? is bitcoin market is controlled by anyone or any organization if they have decent share of bitcoin into their holdings?

[OcTradism]

It does! Every time Microstrategy buys bitcoin, bitcoin gets dumped though the reversal should be the case. I don't get why bitcoin price drops when Saylor announces BTC purchase LOL.

I can not stop laughing when I read your post  

Well, I guess this isn't something we should be happy at. They are trying to get the big piece of the cake; isn't it going to make him influence the BTC price significantly? I guess yes, that's what going to happen in the near future.

Sounds like Michale Saylor usually gives us signal of market falls or corrections. However, I don't know why big guys like Saylor and Microstrategy chose to buy Bitcoin at peaks like newbies. If they want to accumulate Bitcoin, they can do it more aggressively when it was about $16,000 few months ago.

Below are three latest purchasing times of MicroStrategy. It takes them three months from 24 December 2022 to 27 March 2023 to buy more bitcoins. They did miss three good months to buy Bitcoin from January to March.

MicroStrategy statistics

12/24/2022   810   $13.65M   132,500   $4.027B
03/27/2023   6,455   $150.00M   138,955   $4.140B
04/05/2023   1,045   $29.30M   140,000   $4.170B

[blue Snow]

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.

They are companies that make a profit by selling assets, they are the same as Elon did, but they don't really to show up when they sell the bitcoin in past like Elon. I believe they sold their Bitcoin when ATH a couple of years ago. Now, they want to repeat it again like they did in the past. I agree, if someone can proof MicroStrategy wallet here, I will appreciate it, and we can audit it if they just hold, not selling.

For those who just know this, I hope it's not too hyped up because there are company that bigger than them but does not show if they were bought many a year ago.

[The Sceptical Chymist]

OP, there's also that other thread all about MSTR in the Economics section you know.  I have no doubt this news has or will be posted there, and that's kind of the main thread dealing with Michael Saylor, MicroStrategy, and their bitcoin dealings (even though Economics seems like the wrong section for it to be in).

But whatever, I always get into heated debates with the locals there (lol).  I've been saying that it might not be a prudent move on Saylor's part to be buying all of that bitcoin with his company's funds, since it's not entirely his company but a publicly traded one, with shareholders who might not have thought they were buying a stock that's a proxy to bitcoin itself.  All's good when bitcoin's price soars, but what happens to the stock if and when bitcoin tanks?

And what would happen if Saylor were forced to sell all of MSTR's bitcoin all at once?  It might not be probable, but it's possible.  I don't know if it's enough to drive the price down if it were dumped on the market all at once, but it couldn't help.  Eh.  That's just where my mind goes.  I have mixed feelings about this particular topic I guess.

[Merit.s]

MicroStrategy has for seen the future of bitcoin as another means to make huge profit in the long term run because they keep on accumulating bitcoin to use it as a store of value for the company. It is good that this big company is investing on bitcoin and holding because with time these bitcoin holders will add value to the increase in bitcoin price,due to the positive mpact it will add to the crypto market. If all these big companies buys and accumulate their bitcoin just the way MicroStrategy is doing in no time bitcoin price will shoot up like a rocket because there will be limited amount of bitcoin in circulation.

And what would happen if Saylor were forced to sell all of MSTR's bitcoin all at once?  It might not be probable, but it's possible.  I don't know if it's enough to drive the price down if it were dumped on the market all at once.

If he sells all at once,definitely it will affect bitcoin price and will lead to a dump but that will be in a short term,since other investors will purchase them and before you know it the price will pump back.

[Supreemo]

while micro strategy is busy collecting bitcoin as they see the bright future if cryptocurrency, meanwhile so many companies are already selling off once they realized they have gathered enough profits. even here in my country, constant reminders are being announced almost daily by enthusiast to be more wary and careful about bitcoin. while it isn't bad to tell their citizens to be careful, they are still slowly misdirecting the attention of people from cryptocurrency to other stuffs that couldn't even provide money.

[Z-tight]

However, I don't know why big guys like Saylor and Microstrategy chose to buy Bitcoin at peaks like newbies. If they want to accumulate Bitcoin, they can do it more aggressively when it was about $16,000 few months ago.

They bought their latest coins at 28,000 usd per BTC, that is not at the peak, and it is far away from it. If they had bought at 16k usd per BTC, people would still ask why they didn't wait to buy when it was cheaper. I think MicroStrategy are timing their BTC purchases very well, they are holding a total of 140,000 BTC's, bought at an average prive of 29,803 usd per coin, that is a very good business for them, their buying intervals make it easy for them to make a lot of profit in a bull run or even in a short pump.

I also do not think they can just buy anytime when they see the price is low, like how individual investors do when they have the money, MicroStrategy is a company, so there has to be a process to release funds for BTC's purchase, they cannot make sudden purchases.

[blockman]

It does! Every time Microstrategy buys bitcoin, bitcoin gets dumped though the reversal should be the case. I don't get why bitcoin price drops when Saylor announces BTC purchase LOL.

It's the same as when CNBC and other news firms announces that someone "influential" says that the bull market is at hand and bitcoin is the best investment. LOL, those positive news are no longer impactful to the market and let the market work for it whenever the bulls back actually through the fundamentals that it gets and not being shown in the public by these news agencies.

Well, I guess this isn't something we should be happy at. They are trying to get the big piece of the cake; isn't it going to make him influence the BTC price significantly? I guess yes, that's what going to happen in the near future.

That's a good realization on this one. While we think that it's good that a big firm buys a lot of bitcoins and holds it as their asset. There will be lesser supply that's available for most of us although it's really expensive and many can't afford to buy it so, they're the one that's taking these cheap bitcoins before the huge bull run that we're all anticipating.

[cryptoaddictchie]

Has anybody noticed it as soon the notification on your favorite social or telegram news channel announced Microstrategy buying bitcoin and suddenly the market plummeted. Does they really buying on chain cause Im not sure why the effect is so contradicting to whats happening. So everytime they said they bought, some already positioning on short.

[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.

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.

Well, that's true and that makes sense. We've got no control over it and they're the ones who's got the money to do anything that they can.

This is even what we like before that many of these big investors would come in and join us, now I'm looking even littler than a shrimp or anchovy. LOL just a crypto term of having little holdings.

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

I couldn't agree more!

[Lucius]

OP, there's also that other thread all about MSTR in the Economics section you know.  I have no doubt this news has or will be posted there, and that's kind of the main thread dealing with Michael Saylor, MicroStrategy, and their bitcoin dealings (even though Economics seems like the wrong section for it to be in).
~snip~

I'm sure he knows, but why not open a new thread every time MicroStrategy buys Bitcoin - when you're the OP, you definitely get more exposure for your sig campaign, and maybe some merits come in too. The main thread in Economics serves its purpose and contains all the important information thanks to @fillippone.

[YUriy1991]

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

I think MicroStrategy's recent purchase of bitcoins is good news, as it demonstrates the continued interest in and investment in cryptocurrencies. The fact that the company now owns 140,000 BTC worth around $4.17 billion at an average price of $29,803 per bitcoin is impressive and shows a significant commitment to the asset.

When viewed from a positive perspective, this development may signal a growing recognition of bitcoin's potential as a long-term investment and store of value. The increased adoption of cryptocurrencies by mainstream financial institutions and companies such as MicroStrategy can help legitimize and stabilize the market, leading to greater trust and wider adoption.

They bought their latest coins at 28,000 usd per BTC, that is not at the peak, and it is far away from it. If they had bought at 16k usd per BTC, people would still ask why they didn't wait to buy it when it was cheaper. I think MicroStrategy are timing their BTC purchases very well, they are holding a total of 140,000 BTC's, bought at an average prive of 29,803 usd per coin, that is a very good business for them, their buying intervals make it easy for them to make a lot of profit in a bull run or even in a short pump.

I also do not think they can just buy anytime when they see the price is low, like how individual investors do when they have the money, MicroStrategy is a company, so there has to be a process to release funds for BTC's purchase, they cannot make sudden purchases.

I think MicroStrategy's recent purchase of bitcoins at $28,000 per coin was a smart move, as they have strategically timed their purchases to maximize profits during the bull run. It's unrealistic for them to just buy every time the price drops, because they have to follow the company's process for spending funds on purchases. With a current total holding of 140,000 BTC, purchased at an average price of $29,803 per coin, MicroStrategy's investment in bitcoin is proving to be a sound business decision.

[hyudien]

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.

Will they sell it one day? Possible

Large companies that have been accumulating Bitcoins for a long time must certainly motivate many people that Bitcoin will guarantee future profits. It's just that we need to be realistic and not deny that bad situations can happen at any time. I don't doubt the investment made by MicroStrategy and indirectly they announced it as a whale in public.

Profit is still profit for the survival of the company, and we, who are only small holders BTC, need to make wise decisions at the right time.

[Ale88]

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.

If on one hand is nice to see that there are companies that strongly believe in bitcoin, on the other hand MicroStrategy is close to own 1% of the total bitcoin supply if we consider that a few million bitcoins are lost forever, so the actual number is way lower than 21 mln. It's somehow scary thinking that someone owns 1% of the supply, personally I don't like it.

[AbuBhakar]

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.

It’s nice to see someone have high confidence on Bitcoin investment through investing the majority of his money on it but we all know that this is an investment and they are the one who will take profit on the top on e the price recovered. This kind of huge holdings will surely erased all the price growth that established slowly overtime due to its ripple effect on every institutional investor. This investors is like a time bomb on Bitcoin because they are dominating the total supply of Bitcoin.

This is just my opinion but what Saylor doing right is vital to give confidence to retail traders to don’t be afraid on Bitcoin investment. I’m sure he will be rewarded big time in the future.

[death69]

Absolutely, the disclosure of MicroStrategy's newest Bitcoin procurement is a veritable crypto-tour de force. As proud owners of 140,000 BTC, their unwavering belief in this avant-garde virtual property is manifest. However, remember that Bitcoin investment parallels a game of hoops. Nimbleness, adaptability, and quick thinking are prerequisites for success. Just as in basketball, Bitcoin offers no certainties - its market is capricious, and prices can oscillate with fervor. To seize crypto-gold, diligence is indispensable. Remain vigilant of market shifts, rigorously research, and be poised to alter your tactics instantaneously.

[imamusma]

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.

To be honest, I follow him on twitter because it helps me to stay optimistic about bitcoin in the long term. Regardless of Saylor's plans regarding bitcoin, I think I can only conclude that if he can do it with very large budget, why don't we do it with relatively smaller budget. I do it for myself regardless of how I plan the investment, to me it doesn't matter.

140,000 bitcoin is huge, I think Saylor is one of the most optimistic institutional investors in bitcoin in the long term.

[Cookdata]

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.

The more I see this group of people buy more Bitcoin, the more confidence in the future price increase I have in Bitcoin. If MicroStrategy were able to invest money in this large amount to buy Bitcoin, how much is my money worth that is making to be afraid? I know some people will say invest in what you can afford to lose but this gives me some inner confidence to buy more Bitcoin at all costs.

With this amount of Bitcoin, only MicroStrategy knows when they plan to sell and the price they wish to sell because if anytime Bitcoin price appreciates in value, they will decide to sell some of half of their bag and that is going to be a big concern, it will cause a big fear among the investors.