MicroStrategy Bought More BTC

[SamReomo]

Michael Saylor bought around 5,445 more BTC. At an average price tag of $27,053 per Bitcoin and the total investment is around $147.3 million. Which is a big milestone in the adoption of BTC. We all know the adoption of BTC is increasing day by day. This is a good news.

That guy is truly a Bitcoin enthusiast and he trusts Bitcoin a lot. He may accumulate more Bitcoin in future and I believe that average price of $27,053 is awesome price tag to acquire that many Bitcoin. Surely Bitcoin's price will go much higher during the next bull run and he will still hold his Bitcoin investment. I believe that he'll sell some Bitcoin during the peaks of the next bull run and that way the share price of the MicroStrategy will continue to grow in value if his investment grows during the next bull run.

he is not DCA'ing on a regular basis.. he is sporadic inventing. randomly buying at different times of the year with no pattern

Very true, if he was following the DCA strategy then he would acquire more Bitcoin each week or month but if we see his investments then they aren't taking place each week or each month. I believe that the guy buys during the high intensity dips and whenever he sees those dips he accumulates more Bitcoin. That's what we can guess right now because we don't really have details about the pattern that he follows.

[kingvirtus09]

This is some good positive news in the Bitcoin industry. Michael Saylor has taken a step to position himself when it comes to the matter of Bitcoin. But if we look at the market graph, it doesn't seem like it had an impact on making Bitcoin rise a little. Maybe not yet, maybe so.

However, it is possible that Saylor will help in the coming months, as long as what is important now is that those who are trying to save Bitcoin for the future are sure to have a harvest at the right time of the bull run.

[ImThour]

Okay, whenever Saylor buys, the price starts to decline. This has been a trend in the past so we can clearly see how the price is floating around $26k and can now go back to the $20k level which is such a great price to buy Bitcoin and HODL for the upcoming bull run. It's great that he's still believing in it and wants to keep this stack balanced by buying at these prices. Good for his company in future, today he might be looking a like a clown.

[KiaKia]

Michael Saylor bought around 5,445 more BTC.

The amount is not that much, but still, if it will be used for holding purposes then the demand will increase oversupply. Simple as that. How many of you found it a good news?

Micro Strategy won't buy Bitcoin forever, they will sell it to take profit or just to take part of their investment capital back when they need cash for their business.

More details of Micro Strategy investment history in Bitcoin.

They got more new capital from investors and they used part of those new capital to buy bitcoin. If their new capital flow is broken, they will stop or reduce their intensity of Bitcoin buying and they will sell in either of possible scenarios aforementioned, taking profit or needing cash.

That's stupidity at it's core, do you know that many companies have grown bigger because they are build with Bitcoin as their backbone? As Bitcoin grows they also grows, they will take profits but they will always have some Bitcoin, if not, this whales of today won't be whales in crypto space, many early Bitcoin buyers still holds Bitcoin till now, and that's why they are multi-millionaires.

Micro Strategy is too smart to dump all their Bitcoin and they aren't the first Bitcoin whales, there are so many Bitcoin whales that the world doesn't know, that's because they aren't running a company like Micro Strategy and we only know them by their Bitcoin addresses.

Forget about Saylor, there are many Bitcoin Jesus out there that wants every piece that they can get their hands on, it will be harder to buy Bitcoin at this prices in future, Saylor knows better than this, you forever dumps, your chances of buying back lower is slim, look at the past history of Bitcoin, I am sure these people are doing the same.

[Franctoshi]

The company has found a reasonable reason to keep allocating such an amount of funds into Bitcoin from time to time and we can discredit the fact that this is good for the price of BTC mid-term and long term seeing such a significant amount of money melting into Bitcoin. The Big Whales will always want to play the dominant in the game and I kind of see or think that this is the angle at which Michal Saylor through Micro strategy wants to play to position the company in this industry.

[ZAINmalik75]

In my opinion, it's good news, that more money is invested in BTC and more BTC will be on hold and you are right about the demand and supply relation. High demand will definitely cause the BTC price to move it up but you also mentioned they also sell some funds in the last month of the year to avoid taxation.

Maybe that's why to maintain the last BTC holdings they bought more so that when they sell, so the holdings remain the same, and the share of the company and of the holders of their company share won't fluctuate. Due to the selling. I mean they might bought these BTCs to maintain their books so that when they sell books still remain clean as well as the shareholders.

Admittedly, it is a coincidence that every time Microstrategy announces the purchase of more bitcoin, the market will continue to decline over the next few days.

You definitely have a valid point, and I did not notice that when they buy BTC market starts to decline, I doubt what would be the cause of it, I did some research but did not find anything useful, I hope you will elaborate on why it happens.

[Chilwell]

 How many of you found it a good news?

Of course this is a good news to me and all the bitcoiner, indeed Michael Saylor had taking a boldly step towards Bitcoin, Michael Saylor at this stage surprised so many people at the current price of bitcoin, this alone serve as a motivator to those who want to buy like him but due the fact that the market is not clear they relent. I'm really excited see this happening, assuming I have more than this I will buy more but still I will start from the little I have.

[Sophokles]

He is accumulating BTC with his DCA strategy. Good for him! But the amount he is holding is alarming, to be honest. Just think if his Twitter account got hacked and the hacker posted a tweet saying, "I am selling my bitcoin." What will happen then? Their intention is to have more publicity and influence over the market. Otherwise, they won't make a public announcement every time he purchases bitcoin.

[tabas]

But we have also observed a pattern in which MS sell their some funds in the last month of the year to save themselves from tax.

They are a company and they have obligations and compliance that needs funding for it. And as they buy, it is expected that the time will come that they have to sell some or most of what they've accumulated. We just don't know when they're going to sell, it could be by the next bull run or so. But do not be surprised if they keep on buying and continuously in that form because they know that this is still a young market and they can earn a huge amount of profit when the right time comes. And every time they're buying, the media is quick in covering them so as the time that they would sell.

[Ruttoshi]

Saylor is a business man abs he is using bitcoin to store his funds from depreciation, this is why he keeps on buying bitcoin at lump in different period if time. What I like in his accumulating strategy is that he always buy at the right time, just like he bought now that the price  is 27k according to the information.

I don't also think that Saylors bitcoin purchase will have any big effect on bitcoin price and I wouldn't also say that the little change in price was based on his purchase, because for sometimes now the price of bitcoin has been fluctuating within 26k+ to 27k+

I still have questions about his use of MSTR's money to make the purchases--but the shareholders don't seem to mind as much as I thought they would, so presumably there's not much of an issue with that.

He is a business man and I don't think that the shareholders will say anything on his high purchase of bitcoin because they are all bitcoin lovers and the have seen the potential that bitcoin has. What all investors care about is profit, as long as the profit will come they wouldn't care.

[bbc.reporter]

Just reminding that these news should not be considered as a buying signal. Historically, BTC pretty often is going lower soon after massive Microstrategy purchase. It have pretty much no impact on the price in the momentum and only indicates that one of the major whales is becoming  bigger.

Admittedly, it is a coincidence that every time Microstrategy announces the purchase of more bitcoin, the market will continue to decline over the next few days.

However, it might not be a coincidence. I reckon in moments when the market has low activity, this is where Saylor begins to buy which causes small pumps on bitcoin.

I am also quite aware that this news is bullish but reality has shown that it might only be Saylor who was buying from $25k to $27k with size. After he stopped, the price declined.

[cryptoaddictchie]

Just reminding that these news should not be considered as a buying signal. Historically, BTC pretty often is going lower soon after massive Microstrategy purchase. It have pretty much no impact on the price in the momentum and only indicates that one of the major whales is becoming  bigger.

Or a late dump news. This announcement always come with a dump after being thrown on social media and news as always. Not really sure if they reporting it updated or not but it seems theres a contradictory on what was happening on market. This news should make the market goes up but instead it dumped. Why is that? Its literally happening right after the announcement.

[GreatArkansas]

Just reminding that these news should not be considered as a buying signal. Historically, BTC pretty often is going lower soon after massive Microstrategy purchase. It have pretty much no impact on the price in the momentum and only indicates that one of the major whales is becoming  bigger.

Agree, there was a meme I saw before about Microstrategy and this Bitcoin buying, every time they announce to the public that they bought Bitcoin, they are immediately under water from the price they bought.
But for me, it is not really important, is the average buying price will matter, as we all know Microstrategy is one of public company buying Bitcoin during early days and frequently.

[bayu7adi]

He is accumulating BTC with his DCA strategy. Good for him! But the amount he is holding is alarming, to be honest. Just think if his Twitter account got hacked and the hacker posted a tweet saying, "I am selling my bitcoin." What will happen then? Their intention is to have more publicity and influence over the market. Otherwise, they won't make a public announcement every time he purchases bitcoin.

Instead of delighting fellow crypto enthusiasts with his Bitcoin purchases, Micro Strategy seems to capitalize on the publicity generated every time he makes a move. As far as we know, MS consistently broadcasts his actions after they've been executed, essentially shaping the market after BTC has already been secured. They appear overly confident in the social influence they wield.

While this information is crucial, I'm convinced that their motives are not aligned with the well-being of the crypto space or the crypto community. Instead, MS is pursuing their own gains and indulging in self-enjoyment.

One day, when the selling moment arrives, a minor market dip will likely occur. Some view this as a negative signal, while others maintain faith in Bitcoin due to its price being above MS's DCA level.

[Poker Player]

Instead of delighting fellow crypto enthusiasts with his Bitcoin purchases, Micro Strategy seems to capitalize on the publicity generated every time he makes a move.

Do you really believe that? I think that nowadays he doesn't capitalize on anything anymore, because MSTR continuing to do DCA is predictable, monotonous. Yes, he brings out the news that he has made another purchase but that doesn't influence people's thinking as much as it might have done in the beginning. The opposite would be true, however, if he stopped buying or even sold, which would be shocking.

[koang]

How many of you found it a good news?

That sounds good to me and Good news for the industry this week
Another strong quarter with a string of outrageously good quarters on the horizon
Microstrategy is one of the future big market makers for BTC.
Saylor indicator activated...
But the market is not predictable. If the market is predictable, I would not be worried about my life
Always buy the dip and DCA.

[adaseb]

It seems like he buys every 2 months or so. From what I read he has like $600m left to purchase more. Most likely he will be buying around $75M every month until he depletes all those funds.

It’s crazy to think that after all this buying, he is still at a loss. This is why you should never DCA large portions near the top. I think he was in profit for a few days only this year before it again went below his average.

[justdimin]

Honestly, I don't really understand the correlation between BTC price and Microstrategy buying BTC.

There is not as I explained in my previous comment. Or put another way there can be all the correlations you want to make up if the sample is small and there is nothing more to support the supposed correlation than one thing has happened after the other a majority of that small sample of time.

I would guess that the simplest reasoning would be the fact that there is a billion dollar company that ends up spending more and more money into bitcoin, that totals billions of dollars in bitcoin. So, whenever they end up buying, that's a "good" news for the price, maybe not so great for bitcoin itself because it gets more and more centralized with more money they are holding, but it's still quite good and should be considered a profitable idea.

I understand that it's not going to be a simple deal, but it could still be considered a good deal one way or another. I hope that people could do well enough eventually, but that doesn't really mean that we would be doing something that would not be a big deal at all.

[The Sceptical Chymist]

That's stupidity at it's core, do you know that many companies have grown bigger because they are build with Bitcoin as their backbone? As Bitcoin grows they also grows, they will take profits but they will always have some Bitcoin, if not, this whales of today won't be whales in crypto space, many early Bitcoin buyers still holds Bitcoin till now, and that's why they are multi-millionaires.

I'm at a loss to come up with more than a couple of names of companies that thrived because of bitcoin, and off the top of my head I'm thinking of MARA, RIOT, and Coinbase--and they're in business to either mine bitcoin or facilitate the trading of it.  I'd love to see the list you're referring to, and I mean that sincerely.  Overstock might be one, but even though they accept BTC directly I'm not sure if they've grown their business for that reason.

Micro Strategy is too smart to dump all their Bitcoin and they aren't the first Bitcoin whales, there are so many Bitcoin whales that the world doesn't know, that's because they aren't running a company like Micro Strategy and we only know them by their Bitcoin addresses.

MSTR is a publicly-traded corporation whose core business is software if I'm not mistaken, so while it's true there are a lot of whales (however that's defined), they're kind of an odd duck.  You really can't forget Saylor when you're talking about MSTR and their bitcoin purchases, because those are his decisions.

But no, I doubt he's going to dump all of MSTR's bitcoin.  Certainly not all at once.  But what if he suddenly died?  What do you think the company would do with all the bitcoin he bought? 

[KingsDen]

Michael Saylor bought around 5,445 more BTC. At an average price tag of $27,053 per Bitcoin and the total investment is around $147.3 million. Which is a big milestone in the adoption of BTC. We all know the adoption of BTC is increasing day by day. This is a good news.

When you talk about bitcoin adoption and possibly its expansion, we should be focused more about new companies that have joined the cryptocurrency industry in order to buy bitcoin. For the case of microstrategy, we have seen them countless times buy bitcoin and hold for a very long time. They even sometimes buy when the price up already. So we are not surprised by the activities of microstrategy. It'll be nice if new people join this race because with the amount of Bitcoin microstrategy is holding, I am beginning to fear manipulation and market control by microstrategy. This is a market of demand and supply with volume the more volume you have the ability to control the market.

It’s crazy to think that after all this buying, he is still at a loss. This is why you should never DCA large portions near the top. I think he was in profit for a few days only this year before it again went below his average.

MS cannot be at loss even when we knew that the last bull run crashed on MS. The DCA system is powerful that it gives massive profits with small rise in price. If bitcoin touches $30k in few weeks time, it will be a good profit for MS.