Microstrategy buys again!

[Bushdark]

Very good news from Microstrategy because the current Bitcoin price is still worth buying,
for the past 2 weeks the Bitcoin price has been able to stay above $30k and this is the second weekend,
if the Bitcoin price does not experience a correction or dump below $30k then there is a high probability of an uptrend will continue for Bitcoin,
but for altcoins maybe some.

I just like the company because they know when to buy and how to accumulate Bitcoin at a lower price. This company might worth upto half of a trillion if the price of Bitcoin reaches like $100k. Microstrategy had been accumulating Bitcoin for a long time and till now that the price of Bitcoin is still around the $30k zone with a reasonable worth. If the price of Bitcoin exceed the current price and quickly reach like $50k, this will make the company worth more because they have already accumulated enough Bitcoin when the price was below $30k

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[siniminomorocomunisakito]

Of course they are not alone and the support from partners who join makes them strong. Yes. they have a concept and direction that can convince other investors to join the band. The impact if they start buying means a lot to the market and many other traders. A real effort Saylor and the team for BTC. salute.

[adaseb]

I remember when on twitter he told Elon Musk to put some of Tesla cash into Bitcoin. He questioned its liquidity and basically a couple weeks later it was reality with their purchase.

What’s crazy is that MSTR never sold at the peak. Shows you how difficult trading can be not only for individuals but also for institutions which have billions riding on the deal.

[Wind_FURY]

Warren Buffett, the "Oracle of Omaha" who said that Bitcoin is "Rat Poison Squared", has made an investment in a "secret stock", but because it's required to report their investments, he's begging the Securities and Exchange Commission to make the name of that company private.

Why does he want to make the name of the company private? I personally don't know, but how LAUGHABLE would it be for the Bitcoin community if that company is MicroStrategy.

 

[Myleschetty]

Warren Buffett, the "Oracle of Omaha" who said that Bitcoin is "Rat Poison Squared", has made an investment in a "secret stock", but because it's required to report their investments, he's begging the Securities and Exchange Commission to make the name of that company private.

Why does he want to make the name of the company private? I personally don't know, but how LAUGHABLE would it be for the Bitcoin community if that company is MicroStrategy.

 

I believe anyone who trusts every negative thing said by Warren Buffett and others has yet to understand how rich folks walk and that's why it is good to always dyor.
I believe most of the Microstrategy Bitcoin holding is mostly an investment from the powerful and rich folks because they are looking for an alternative due to banks huge chance of collapse and the economy is also not looking good.

[Sim_card]

Warren Buffett, the "Oracle of Omaha" who said that Bitcoin is "Rat Poison Squared", has made an investment in a "secret stock", but because it's required to report their investments, he's begging the Securities and Exchange Commission to make the name of that company private.

Why does he want to make the name of the company private? I personally don't know, but how LAUGHABLE would it be for the Bitcoin community if that company is MicroStrategy.

 

Why is he ashamed of his actions if he knows that he did the right thing by buying bitcoin. This is the problem that we are having all these rich folks comes out to the public and criticize bitcoin but they end up buying behind our backs and they won't come out to praise bitcoin. I think that Warren Buffet is a coward who can't stand on his ground to talk good about bitcoin and why he chose to invest in bitcoin, but can come out on critics on bitcoin. This is how many of them are, they are just envious of the technology behind bitcoin that it wasn't from them and they think that because they are public figures their fud will make bitcoin crumble but bitcoin has shown its potential that with these people or without them her increase in value has no comparison with other assets. This is how bitcoin has put him to shame that he doesn't have any option than to also invest in the latest fast growing assest for profit and a store of value since he is a business man. These people can mislead newbies who have plans to invest in bitcoin if they listen to their critics on bitcoin.

[pawel7777]

Warren Buffett, the "Oracle of Omaha" who said that Bitcoin is "Rat Poison Squared", has made an investment in a "secret stock", but because it's required to report their investments, he's begging the Securities and Exchange Commission to make the name of that company private.

Why does he want to make the name of the company private? I personally don't know, but how LAUGHABLE would it be for the Bitcoin community if that company is MicroStrategy.

 

Would be a nice twist, but that's highly unlikely. Here's more on that story:
https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-secret-stock-sales-gm-q3-portfolio-2023-11

The reason for them not wanting to disclose the "secret bet" is probably the fact that they are still accumulating and revealing that would drive the price up. It's not like they're trying to hide something because of being ashamed to admitting they were wrong on bitcoin. The secret bet will be made public eventually.

[NewRanger]

You would think that this is bullish news, but, according to Coin Desk, Microstrategy's purchase announcements tend to have negative (short-term) impact on the price.
https://www.coindesk.com/markets/2023/06/28/microstrategys-bitcoin-purchases-tend-to-be-short-term-negative-for-prices-research-shows

Ys, Price appreciation in the digital currency market is a bubble and he Microstrategy's is also leading the expansion, another thing is that because the bids and offers are all displayed publicly, other users can jump in while the transaction is pending and complete the deal at a higher or lower price.

[pawel7777]

Ys, Price appreciation in the digital currency market is a bubble and he Microstrategy's is also leading the expansion, another thing is that because the bids and offers are all displayed publicly, other users can jump in while the transaction is pending and complete the deal at a higher or lower price.

I'm pretty sure Microstrategy would make over-the-counter (OTR) purchases rather than just placing bids on exchanges, so the public wouldn't be able to see MSTR's buy orders. Not quite sure what do you mean by other users "completing the deal", but the general rule for the dips in price, after the purchase announcements, was that the market interpreted that as a confirmation of reduced buy pressure, which should have a negative impact on the price.
I wonder if the approval of spot ETFs will have any negative effect on MSTR stock price. The demand for their stock will likely to drop, but the increase in BTC's price could compensate for that.

[aoluain]

I wonder if the approval of spot ETFs will have any negative effect on MSTR stock price. The demand for their stock will likely to drop, but the increase in BTC's price could compensate for that.

Interesting question because MSTR stock just keeps rising. It is seen as a proxy
Bitcoin investment for and by people who dont want to or cannot buy Bitcoin straight.

If a spot ETF gets approved there will likely be migration from Microstrategy to those
spot ETF's but then again if indeed the Bitcoin price rises wouldnt MSTR stock rise too?

So maybe there are investors who will likely leave ther stock in MSTR and just invest
more in say a Blackrock spot ETF...

[OgNasty]

I wonder if the approval of spot ETFs will have any negative effect on MSTR stock price. The demand for their stock will likely to drop, but the increase in BTC's price could compensate for that.

Interesting question because MSTR stock just keeps rising. It is seen as a proxy
Bitcoin investment for and by people who dont want to or cannot buy Bitcoin straight.

If a spot ETF gets approved there will likely be migration from Microstrategy to those
spot ETF's but then again if indeed the Bitcoin price rises wouldnt MSTR stock rise too?

So maybe there are investors who will likely leave ther stock in MSTR and just invest
more in say a Blackrock spot ETF...

I’m sure some retail investors will prefer to own the ETF instead of MSTR stock. However, a lot of people may actually prefer Microstrategy, just because they have a revenue source so the potential is there for your holdings to actually grow, while with an ETF your holdings will forever be dropping due to the fund management fees (even though they are small).

[Wind_FURY]

Warren Buffett, the "Oracle of Omaha" who said that Bitcoin is "Rat Poison Squared", has made an investment in a "secret stock", but because it's required to report their investments, he's begging the Securities and Exchange Commission to make the name of that company private.

Why does he want to make the name of the company private? I personally don't know, but how LAUGHABLE would it be for the Bitcoin community if that company is MicroStrategy.

 

Would be a nice twist, but that's highly unlikely. Here's more on that story:
https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-secret-stock-sales-gm-q3-portfolio-2023-11

The reason for them not wanting to disclose the "secret bet" is probably the fact that they are still accumulating and revealing that would drive the price up. It's not like they're trying to hide something because of being ashamed to admitting they were wrong on bitcoin. The secret bet will be made public eventually.

Haha. I was merely thinking it would be laughable.

Although, because Warren Buffett is a "value investor", he probably should invest some of their capital in MicroStrategy. It was $130.00 during January and it's currently $480.00, it's tracking Bitcoin, and it's probably not going to slow down. I believe as an investor, he should set his emotions aside and swallow his pride, no?

[pawel7777]

If a spot ETF gets approved there will likely be migration from Microstrategy to those
spot ETF's but then again if indeed the Bitcoin price rises wouldnt MSTR stock rise too?

It might be worth watching how MSTR price will behave if when spot ETFs get approved. I'd say there's a possibility there will be a temporary drop and the price could actually drop below the fair value, so potentially a good moment to buy.

I’m sure some retail investors will prefer to own the ETF instead of MSTR stock. However, a lot of people may actually prefer Microstrategy, just because they have a revenue source so the potential is there for your holdings to actually grow, while with an ETF your holdings will forever be dropping due to the fund management fees (even though they are small).

Fair point, but I'd expect fees for the BTC ETF to be on a lower end, so if investors expect BTC to go up in a long run, paying small fraction of percent per year won't make much difference. On the other end, Microstrategy had some problems in the past with the profitability of their operations (excluding changes in the BTC value), so that's an extra risk that many investors might be put off by.

[mv1986]

Warren Buffett, the "Oracle of Omaha" who said that Bitcoin is "Rat Poison Squared", has made an investment in a "secret stock", but because it's required to report their investments, he's begging the Securities and Exchange Commission to make the name of that company private.

Why does he want to make the name of the company private? I personally don't know, but how LAUGHABLE would it be for the Bitcoin community if that company is MicroStrategy.

 

Would be a nice twist, but that's highly unlikely. Here's more on that story:
https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-secret-stock-sales-gm-q3-portfolio-2023-11

The reason for them not wanting to disclose the "secret bet" is probably the fact that they are still accumulating and revealing that would drive the price up. It's not like they're trying to hide something because of being ashamed to admitting they were wrong on bitcoin. The secret bet will be made public eventually.

Haha. I was merely thinking it would be laughable.

Although, because Warren Buffett is a "value investor", he probably should invest some of their capital in MicroStrategy. It was $130.00 during January and it's currently $480.00, it's tracking Bitcoin, and it's probably not going to slow down. I believe as an investor, he should set his emotions aside and swallow his pride, no?

This would indeed be hilarious, but I think Buffett can't get around being connected to Bitcoin one way or another.

Earlier this year, Buffett dismissed bitcoin as a "gambling token" in an interview with CNBC, saying bitcoin "doesn't have any intrinsic value ... but that doesn't stop people from wanting to play the roulette wheel."

^SOURCE

Even if he still says that Bitcoin is rat poison or a gambling token, he is already implying that there is business to be made when he says that people won't stop playing the roulette wheel. As more and more banks will be heavily involved with cryptocurrencies and Buffett considers banks one of his investment targets, he will also be part of the game. If he still believed that Bitcoin is rat poison and he would never touch or get close to it, seems it doesn't mean he would refrain from buying stock in crypto-friendly banks that, by the way, outperform some of his major other investments.

[gunhell16]

Very good news from Microstrategy because the current Bitcoin price is still worth buying,
for the past 2 weeks the Bitcoin price has been able to stay above $30k and this is the second weekend,
if the Bitcoin price does not experience a correction or dump below $30k then there is a high probability of an uptrend will continue for Bitcoin,
but for altcoins maybe some.

I just like the company because they know when to buy and how to accumulate Bitcoin at a lower price. This company might worth upto half of a trillion if the price of Bitcoin reaches like $100k. Microstrategy had been accumulating Bitcoin for a long time and till now that the price of Bitcoin is still around the $30k zone with a reasonable worth. If the price of Bitcoin exceed the current price and quickly reach like $50k, this will make the company worth more because they have already accumulated enough Bitcoin when the price was below $30k

It must be nice to feel like the price of Bitcoin is just a coin to you, isn't it? It's different when you have a lot of money because you will definitely be rich in the future. While others like me are trying to save even a little.

But my majority are also alternative coins that know better if I will earn more in the coming bull run. Then one more thing for sure: when the bull run comes, the big whales who are now buying huge amounts of bitcoin will surely sell when they know the bull run is coming to an end. I expected that.

[bitgolden]

If a spot ETF gets approved there will likely be migration from Microstrategy to those
spot ETF's but then again if indeed the Bitcoin price rises wouldnt MSTR stock rise too?

It might be worth watching how MSTR price will behave if when spot ETFs get approved. I'd say there's a possibility there will be a temporary drop and the price could actually drop below the fair value, so potentially a good moment to buy.

That is questionable, the fees to buy a stock is still quite expensive, there are even places that does fixed prices, which means that you could buy 100 stocks of a company or a single stock of them and you still pay like 19.99 for example. That never made sense to me, but crypto is different, if you pay a certain sum, you are free to move money around up to a point, but if you want to move like a million dollars then you pay more, allows poor people to have easier time, they still pay a lot, these days like 20 bucks, but at least it's good that people who send more will pay more.

I believe that ETF may not be same, but if it is, then that means you get to pay 19.99 for a single or a million of them, that doesn't really make sense to me.

[Sophokles]

What will happens to MSTR stock if Blackrock ETF got approved? I wouldn't be surprise if blackrock buys equivalent amount of btc within few months microstrategy does. Also we need to keep in mind blackrock is not the only manager applied for ETF. So there will be a lots of competition to buy btc as cheap as possible and microstrategy will be ahead of them in this scenario.

[flyingcarpet]

Of course they are not alone and the support from partners who join makes them strong. Yes. they have a concept and direction that can convince other investors to join the band. The impact if they start buying means a lot to the market and many other traders. A real effort Saylor and the team for BTC. salute.

As the price of Bitcoin increases, what Microstrategy is doing will become even more important. At the same time, what Saylor and his team say about Bitcoin will be listened to even more by others.

There are many people like Saylor and his team in the market and they are trying to encourage people to invest in Bitcoin. I think that as the price of Bitcoin rises, the discourses of Saylor and his team will be listened to more and their investments will become more valuable.

[khiholangkang]

What will happens to MSTR stock if Blackrock ETF got approved? I wouldn't be surprise if blackrock buys equivalent amount of btc within few months microstrategy does. Also we need to keep in mind blackrock is not the only manager applied for ETF. So there will be a lots of competition to buy btc as cheap as possible and microstrategy will be ahead of them in this scenario.

Surely MSTR will be the party who is profitable if ETF is approved by SEC, they will get a multiple of profits from the purchase of Bitcoin who blindly every session, I do not understand why there are people like saylor, so confident with what is done, but in fact Indeed, he benefited from the management of the company's financial and strategy in carrying out the money in his glory.

This scenario will be more interesting if really ETF next year is agreed to coincide with the moment halving too, this will be quite crazy, and maybe we will find it difficult to get the price of the $ 20K level in the next cycle. IMO

[pawel7777]

That is questionable, the fees to buy a stock is still quite expensive, there are even places that does fixed prices, which means that you could buy 100 stocks of a company or a single stock of them and you still pay like 19.99 for example.

I thought this was a thing of the past. But obviously if there are fixed fees of $20, then making low trades of $100 would be pretty silly. But if you wanted to invest say $10k or more, that $20 fee is perfectly acceptable.
I think most current trading platforms would have their fees much lower or don't have any trading fees (i.e. Trading 212), but they would be making profit on the spread instead.

but crypto is different, if you pay a certain sum, you are free to move money around up to a point, but if you want to move like a million dollars then you pay more, allows poor people to have easier time, they still pay a lot, these days like 20 bucks, but at least it's good that people who send more will pay more.

What crypto are you talking about? You surely don't mean Bitcoin. In most of the cryptos, the amount of fee would depend on the size of the transaction, not on the amount being transferred (which is pretty much irrelevant).