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Author Topic: When will Michael Saylor and MicroStrategy sell BTC?  (Read 1166 times)
Vincom (OP)
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March 18, 2024, 08:42:20 PM
 #81

Firstly - that's his business, but maybe he won't sell it so soon. He appears to be waiting a little longer and patiently while stimulating more panic among other small investors who are afraid of failing to get maximum returns at the peak of the bullrun.

In the end Michael Saylor and MicroStrategy are very likely to sell some of their bitcoin holdings - but what's the point of thinking about that if you have your own investment goals and profit targets. The impact of a big sell is a price dump - but you can decide when to sell regardless of when Michael Saylor and MicroStrategy sell.

Third - not very, but maybe it's useful. At least bitcoin is more trustworthy because big institutions do it too - that can influence other investors' interest and trust in bitcoin indirectly.
I am also prepared to receive any new information about the actions of Saylor and MS regarding their BTC reserves. I would be happier if MS continues to issue bonds or stocks to accumulate BTC, but if MS sells BTC, maybe that is part of their business.

As you said, MS has really become famous for its BTC accumulation strategy, and currently MS is also helping BTC gain more credibility and become an asset worth considering in the asset diversification process of many companies. Whether MS sells BTC in the future or not, Saylor and MS still deserve respect for their contributions to promoting the value of BTC.

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March 18, 2024, 09:06:18 PM
 #82

When I am holding Bitcoin, I only know when I will sell it. Only MicroStrategy can say when they are going to sell their holdings. For a long time, MicroStrategy has been accumulating bitcoin, and we don't know what their exact target is. By considering the average accumulation price, they are already making profits. I don't think they will sell their holdings very early. They must have a goal where they might sell. They would have a selling strategy as well, since they have an accumulation strategy. They won't dump the market at all. 
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March 18, 2024, 09:13:29 PM
 #83

I do not have anything but the feeling that Saylor will not exit Bitcoin.  He looks convinced that Bitcoin is the top asset.  He is doing nothing but buying and buying more for the past few years.  Recently, he claimed that Bitcoin is the "End Game" and whoever owns the most wins.  It would ruin his reputation if we knew that he sold all of his holdings, and more importantly, MicroStrategy's reputation.

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red4slash
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March 18, 2024, 09:54:59 PM
 #84

Microstrategy only has about 174. 530 bitcoins at the moment meaning that with the current supply which is already 19 million in circulation and 2 million that are still not mined means that Microstrategi only has about 1 percent and even that is still less so what are we worried about with this because it might even show a small fluctuation in terms of decline just like what happened when Elon's statement did not accept bitcoin for Tesla but it will not affect the whole because after all it is only a small portion of the bitcoin they have and when it is sold in the end there are still many who will buy bitcoin without worrying that it will affect the market globally.

On the other hand I quite agree with some people who have the thought that if they really want to profit then another possibility to sell the stock they can do without disturbing or selling any bitcoin but indeed if they don't want to do that and sell bitcoin then it also won't be a problem for us as hodlers or people who are in bitcoin because in the end they have decided that and we just need to make plans for our profits by buying it without having to think about anything.

R


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March 19, 2024, 03:09:07 AM
 #85

Just because they sell bitcoins and make a profit doesn't mean they will never buy them back when they drop in price.

“You can think of Bitcoin as a beautiful house in a scary neighborhood that you have to pay in cash and takes a year to buy and never rent. Whereas the spot Bitcoin ETF is like the same beatiful house in a nice neighborhood that you can buy tomorrow with no down payment.”[/i]


Wow wow I never thought that my post was gonna multiple quotes by you Guys hahaha  Grin Hahaha I want to add it up whether BlakcRock or Microstrategy is for-profit company and like many of us when the bitcoin reached its peak I do believe both of them will take the profit and ofcourse they are gonna buy more when the price drops and Bitcoin now is part of the Regular asset like stock bond and forex in my opinion. In the future bitcoin would likely be trade by similar companies like MicroStrategy Blackrock or Tesla and this is is a good thing

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Vincom (OP)
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March 19, 2024, 09:40:38 PM
 #86

Microstrategy only has about 174. 530 bitcoins at the moment meaning that with the current supply which is already 19 million in circulation and 2 million that are still not mined means that Microstrategi only has about 1 percent and even that is still less so what are we worried about with this because it might even show a small fluctuation in terms of decline just like what happened when Elon's statement did not accept bitcoin for Tesla but it will not affect the whole because after all it is only a small portion of the bitcoin they have and when it is sold in the end there are still many who will buy bitcoin without worrying that it will affect the market globally.

On the other hand I quite agree with some people who have the thought that if they really want to profit then another possibility to sell the stock they can do without disturbing or selling any bitcoin but indeed if they don't want to do that and sell bitcoin then it also won't be a problem for us as hodlers or people who are in bitcoin because in the end they have decided that and we just need to make plans for our profits by buying it without having to think about anything.
I don't think we can rest assured when comparing MS's 200K BTC to the circulating supply of about 19M BTC on the market. Most BTC has not been circulated, and the amount of BTC on CEXs is only about 1.8M BTC. Of course, MS will choose to sell BTC on OTC to get a higher price, but that will also change the supply and demand on CEXs and negatively impact the price of BTC. In the worst case, if the selling pressure is pushed onto CEXs at a time when the market is fearful, we could see a serious drop in the BTC price chart and the entire crypto market.

I'm just a little worried about this, because Saylor always says he will keep buying BTC and hold forever. I don't believe in those statements, I believe in the existence of limits, and I even doubt the ability of MS company to exist for another 100 years...


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March 19, 2024, 11:23:05 PM
 #87

Microstrategy only has about 174. 530 bitcoins at the moment

You are 39,716 bitcoins off!

Hahaha I want to add it up whether BlakcRock or Microstrategy is for-profit company and like many of us when the bitcoin reached its peak I do believe both of them will take the profit and ofcourse they are gonna buy more when the price drops and Bitcoin now is part of the Regular asset like stock bond and forex in my opinion. In the future bitcoin would likely be trade by similar companies like MicroStrategy Blackrock or Tesla and this is is a good thing

MicroStrategy got bitcoin at a substantially lower average price than $63k.  They would have made enormous profits if they had sold previously.  However, they are not selling a single satoshi.  I doubt they will sell anytime soon.  They consider it as the most valuable asset.  I am confident they think long term and see themselves as the new elite, because you can tell that they do not treat it as a get-rich-quick plan. 

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yazher
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March 19, 2024, 11:56:55 PM
 #88

I do not have anything but the feeling that Saylor will not exit Bitcoin.  He looks convinced that Bitcoin is the top asset.  He is doing nothing but buying and buying more for the past few years.  Recently, he claimed that Bitcoin is the "End Game" and whoever owns the most wins.  It would ruin his reputation if we knew that he sold all of his holdings, and more importantly, MicroStrategy's reputation.

It depends on them whether they want to sell it so soon when the price is quite high or just simply wait for an even longer period in order to maximize their earnings. overall, they are working for their future and making it something interesting by accumulating bitcoins throughout the years without worrying about the consequences of their actions because they have the means to lose it and they are firm on their decisions. As for us, it will just depend on how we want to use our bitcoins because most likely when the price reaches new ATH most of us are selling our bitcoins and those bifg companies are just waiting to buy it for us because they know in the future we will gonna buy it from them.

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Medusah
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March 20, 2024, 12:26:48 AM
 #89

It depends on them whether they want to sell it so soon when the price is quite high or just simply wait for an even longer period in order to maximize their earnings.

As I previously stated, they have realized that this is the next big thing, the best store-of-value deserving asset that cannot be inflated arbitrarily.  Why would you want to sell that?  If you were a real estate investor, you would not sell an expensive house in New York or London; instead, you would keep accumulating because you know this is one of the best investments that keeps generating capital. 

As for us, it will just depend on how we want to use our bitcoins because most likely when the price reaches new ATH most of us are selling our bitcoins and those bifg companies are just waiting to buy it for us because they know in the future we will gonna buy it from them.

Exactly.  And they will buy it from you (not you personally), since you think in terms of fiat.  However, these folks who are accumulating bitcoin like crazy do not perceive it as a method to become richer in fiat. 

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hd49728
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March 20, 2024, 03:19:30 AM
 #90

Microstrategy only has about 174. 530 bitcoins at the moment
MicroStrategy bought a lot of bitcoins recent weeks and they are accumulating more bitcoins. As Michael Saylor said "The end game is who has most bitcoins win". His company is doing exactly like his vision for the end game.

From buying with own money, now they are doing this with convertible notes, two rounds already.

Your number is not correct and you can use two websites to track MicroStrategy portolio.
https://bitcointreasuries.net/entities/1
https://saylortracker.com/

They have 214,215 BTC now.

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March 20, 2024, 07:51:49 AM
 #91

Microstrategy only has about 174. 530 bitcoins at the moment
MicroStrategy bought a lot of bitcoins recent weeks and they are accumulating more bitcoins. As Michael Saylor said "The end game is who has most bitcoins win". His company is doing exactly like his vision for the end game.

From buying with own money, now they are doing this with convertible notes, two rounds already.

Your number is not correct and you can use two websites to track MicroStrategy portolio.
https://bitcointreasuries.net/entities/1
https://saylortracker.com/

They have 214,215 BTC now.


MicroStrategy is still buying and has no plans to stop buying bitcoin this year, but that doesn't mean they will never sell their bitcoin. Just as blackrock has been buying bitcoin continuously since the ETFs were passed, they absorb all the bitcoin sold each day from Grayscale. Many people are excited because large funds continuously buy bitcoin on the market, making the supply increasingly scarce and the price of bitcoin will rise higher. But don't they think that one day if these large funds massively buy their bitcoins, what will happen? Like what Grayscale is doing, they sell large amounts of bitcoin every day, and for the past 2 days they are selling quite large amounts. It can be said that bitcoin's correction is partly due to Grayscale selling its bitcoin. So it was naive for many to believe that MicroStrategy would never sell their bitcoins.

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March 20, 2024, 08:17:39 PM
 #92

Microstrategy only has about 174. 530 bitcoins at the moment
MicroStrategy bought a lot of bitcoins recent weeks and they are accumulating more bitcoins. As Michael Saylor said "The end game is who has most bitcoins win". His company is doing exactly like his vision for the end game.

From buying with own money, now they are doing this with convertible notes, two rounds already.

Your number is not correct and you can use two websites to track MicroStrategy portolio.
https://bitcointreasuries.net/entities/1
https://saylortracker.com/

They have 214,215 BTC now.
That he will definitely say because indeed until now he is still a bitcoin maximalist but that does not mean that the words cannot be changed because in the end when someone who has a large level of popularity and has many followers in it, it is likely that changes in statements even opposite even that can happen. We take the example of Elon before in this case because indeed he was also in bitcoin and even gave a situation where he seemed to have a strong desire for his company to adopt bitcoin but look at what happened afterwards because even statements like that are like a situation where it only attracts the trust of the crowd and slowly drops it.
Now what Saylor is doing is very good but we will not know what he will do in the future in the end.

For the total amount issue, I might be mistaken for taking reference from others because I took the reference from Coingecko but thanks for setting the record straight and providing the latest data Smiley.

R


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Vincom (OP)
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March 20, 2024, 09:27:06 PM
 #93

MicroStrategy is still buying and has no plans to stop buying bitcoin this year, but that doesn't mean they will never sell their bitcoin. Just as blackrock has been buying bitcoin continuously since the ETFs were passed, they absorb all the bitcoin sold each day from Grayscale. Many people are excited because large funds continuously buy bitcoin on the market, making the supply increasingly scarce and the price of bitcoin will rise higher. But don't they think that one day if these large funds massively buy their bitcoins, what will happen? Like what Grayscale is doing, they sell large amounts of bitcoin every day, and for the past 2 days they are selling quite large amounts. It can be said that bitcoin's correction is partly due to Grayscale selling its bitcoin. So it was naive for many to believe that MicroStrategy would never sell their bitcoins.
There is a slight difference between MS and BlackRock: MS buys BTC using the money of MSTR stock investors according to MS's own plan. BlackRock accumulates BTC according to the demand of investors in the BTC spot ETF.

Although both buy BTC with the money of other parties, their nature is different. Similarly, when ETF investors sell IBIT, BlackRock will have to sell BTC, while MS can continue to hold BTC even if the price of MSTR falls due to selling pressure. However, that does not mean that MS will hold BTC forever.

We do not believe that MS company can exist forever, so we do not need to hope that MS will hold and buy BTC forever. Even if BTC can reach 100K USD or 1M USD, at some point in the future, I believe that we will have news about MS selling BTC.

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March 20, 2024, 09:32:08 PM
 #94

Microstrategy only has about 174. 530 bitcoins at the moment
MicroStrategy bought a lot of bitcoins recent weeks and they are accumulating more bitcoins. As Michael Saylor said "The end game is who has most bitcoins win". His company is doing exactly like his vision for the end game.

From buying with own money, now they are doing this with convertible notes, two rounds already.

Your number is not correct and you can use two websites to track MicroStrategy portolio.
https://bitcointreasuries.net/entities/1
https://saylortracker.com/

They have 214,215 BTC now.
That he will definitely say because indeed until now he is still a bitcoin maximalist but that does not mean that the words cannot be changed because in the end when someone who has a large level of popularity and has many followers in it, it is likely that changes in statements even opposite even that can happen. We take the example of Elon before in this case because indeed he was also in bitcoin and even gave a situation where he seemed to have a strong desire for his company to adopt bitcoin but look at what happened afterwards because even statements like that are like a situation where it only attracts the trust of the crowd and slowly drops it.
Now what Saylor is doing is very good but we will not know what he will do in the future in the end.

For the total amount issue, I might be mistaken for taking reference from others because I took the reference from Coingecko but thanks for setting the record straight and providing the latest data Smiley.
No one really knows on when these fellas would really be selling out their bags, but one things for sure that it would really be surely be bringing out that huge impact or movement towards the price.
This is why it cant really be avoided for the masses to have this kind of worrying just because we've been aware on how big or many coins that they've been holding Even if we do say that he's really that a maximalist or really that a solid believer but doesnt mean that those words would really be that remains forever on which we do really have that so called profit taking of course.

It is really just that impossible that these people wont really be having that threshold point. We could really be assuming out that acquiring Bitcoin doesnt really give him that potential
earning or profits in long time but also it is really that bring out some attention and exposure towards him and the companies that he owns or handling
on which its a win-win situation.

R


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March 20, 2024, 10:48:47 PM
 #95

Microstrategy only has about 174. 530 bitcoins at the moment
MicroStrategy bought a lot of bitcoins recent weeks and they are accumulating more bitcoins. As Michael Saylor said "The end game is who has most bitcoins win". His company is doing exactly like his vision for the end game.

From buying with own money, now they are doing this with convertible notes, two rounds already.

Your number is not correct and you can use two websites to track MicroStrategy portolio.
https://bitcointreasuries.net/entities/1
https://saylortracker.com/

They have 214,215 BTC now.
They keep on buying and their other rival in the competition of owning the most Bitcoins is BlackRock. These two are like in a head to head war on who's going to have the most of it.

While it's likely that MSTR won't really sell all of it at once but I do believe that there's one point in our lifetimes that they're going to sell bulk of it that shall send the market down.

They'll get to buyback that and take the clean cash and profit from the market. That's what I am really thinking about on how they're going to capitalize on their holdings.

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March 21, 2024, 12:13:51 AM
 #96

If you are waiting for any of this big companies to stop buying bitcoin, just know that's not happening, micro strategy plans to hold more of the total supply of bitcoin than any one else and that the goal of most big companies, they plan to hold bitcoin and keep their value in bitcoin.

Retail investors must buckle up cause if big companies that have the power to trade bitcoin or make real short term profits from bitcoin would rather not and hold bitcoin for long then they is a reason why long term investment should be favoured above short term investment.

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March 21, 2024, 07:53:01 AM
 #97

MicroStrategy is still buying and has no plans to stop buying bitcoin this year, but that doesn't mean they will never sell their bitcoin. Just as blackrock has been buying bitcoin continuously since the ETFs were passed, they absorb all the bitcoin sold each day from Grayscale. Many people are excited because large funds continuously buy bitcoin on the market, making the supply increasingly scarce and the price of bitcoin will rise higher. But don't they think that one day if these large funds massively buy their bitcoins, what will happen? Like what Grayscale is doing, they sell large amounts of bitcoin every day, and for the past 2 days they are selling quite large amounts. It can be said that bitcoin's correction is partly due to Grayscale selling its bitcoin. So it was naive for many to believe that MicroStrategy would never sell their bitcoins.
There is a slight difference between MS and BlackRock: MS buys BTC using the money of MSTR stock investors according to MS's own plan. BlackRock accumulates BTC according to the demand of investors in the BTC spot ETF.

Although both buy BTC with the money of other parties, their nature is different. Similarly, when ETF investors sell IBIT, BlackRock will have to sell BTC, while MS can continue to hold BTC even if the price of MSTR falls due to selling pressure. However, that does not mean that MS will hold BTC forever.

We do not believe that MS company can exist forever, so we do not need to hope that MS will hold and buy BTC forever. Even if BTC can reach 100K USD or 1M USD, at some point in the future, I believe that we will have news about MS selling BTC.

But there is one thing in common between MS and BlackRock that is the main goal is profit and to achieve profit they need to have transactions meaning they will buy, accumulate and sell when the time is right. So, it would be foolish for us to believe that MS will hold bitcoins forever or will not sell any bitcoins. Just because they have been accumulating bitcoin for years and haven't sold any yet doesn't mean they won't sell in the future.

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March 22, 2024, 12:33:02 AM
 #98

If you are waiting for any of this big companies to stop buying bitcoin, just know that's not happening, micro strategy plans to hold more of the total supply of bitcoin than any one else and that the goal of most big companies, they plan to hold bitcoin and keep their value in bitcoin.

Retail investors must buckle up cause if big companies that have the power to trade bitcoin or make real short term profits from bitcoin would rather not and hold bitcoin for long then they is a reason why long term investment should be favoured above short term investment.
I don't think they will sell their entire BTC reserve and then declare to abandon the crypto market when BTC continues to be a major asset in this market. They will sell a part or all of it and then buy it back and continue their long-term Bitcoin strategy. But MS's selling will go against Saylor's statement, that will be an interesting time that I'm waiting for. I wouldn't be surprised if MS sells their BTC in 2025 or 2026, the surprise would be that they will continue to hold BTC through the crypto winter.

But there is one thing in common between MS and BlackRock that is the main goal is profit and to achieve profit they need to have transactions meaning they will buy, accumulate and sell when the time is right. So, it would be foolish for us to believe that MS will hold bitcoins forever or will not sell any bitcoins. Just because they have been accumulating bitcoin for years and haven't sold any yet doesn't mean they won't sell in the future.
Precisely, we should realize this: they are all companies looking for profits, not love for BTC. BTC has been around for 15 years, they know BTC but only really wanted to profit from it in 2020 and 2023. BlackRock will sell BTC as soon as their clients sell too much IBIT, which will happen in about 18 months, but MS may hold it longer, but it's not like they won't sell any BTC until the end of the world!

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March 22, 2024, 02:08:45 AM
 #99

If you are waiting for any of this big companies to stop buying bitcoin, just know that's not happening, micro strategy plans to hold more of the total supply of bitcoin than any one else and that the goal of most big companies, they plan to hold bitcoin and keep their value in bitcoin.

Retail investors must buckle up cause if big companies that have the power to trade bitcoin or make real short term profits from bitcoin would rather not and hold bitcoin for long then they is a reason why long term investment should be favoured above short term investment.
I don't think they will sell their entire BTC reserve and then declare to abandon the crypto market when BTC continues to be a major asset in this market. They will sell a part or all of it and then buy it back and continue their long-term Bitcoin strategy. But MS's selling will go against Saylor's statement, that will be an interesting time that I'm waiting for. I wouldn't be surprised if MS sells their BTC in 2025 or 2026, the surprise would be that they will continue to hold BTC through the crypto winter.


Don't listen to what they say but look at what they do. If MS sells some or all of its bitcoin holdings during the next bull season, I wouldn't be surprised.

Ask the question, they are large holders of bitcoin, they understand that their words and actions will have a significant impact on the market. If they honestly disclosed the bitcoin sale time, how would the market react? Surely bitcoin will be dumped immediately after their statement and they will have to sell their bitcoin at a much lower price. But instead, they announced they would not sell bitcoins and always believed in bitcoins, and they silently sold them to the market at high prices while everyone was falling into the Fomo trap.

If I were MS, I would definitely do the same. Everyone needs to remember that this is a battlefield, not a place of charity, the business arena is a battlefield, so never trust anyone.

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March 22, 2024, 03:15:50 AM
 #100

If a Microstrategy shareholder wants to take profits all they have to do is sell their shares of the company. No need to sell any bitcoin for that.

If Michael Saylor himself wants to profit from his bitcoin investment then likewise he can just sell some shares of the company. Not a single bitcoin ever needs to be sold.
This is if the Microstrategy is a complete Bitcoin supporter and will truly a Holder then that will be
their action to sell their share of company more than selling bitcoin but the problem is that what if they truly
intended just to buy and sell bitcoin? then this will be a different approach because obviously all of them are
about money and all of us believe that we can make money in crypto and most specially bitcoin , so this is
still depending in their plans and target in long term.

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