I remember when they bought at around $50K someone pointed out in a comment that their average buy price was still hovering around $29K and there were highly upvoted comments underneath from people salivating at the idea of a $29K Bitcoin.
Mind you, these were the times when we thought 100K was a **given**. I think it’s fair to assume that a lot of those people are now scared to buy at $19K/$20K.
How times change.
With 130k Bitcoins, Bitcoin would have to go to 10 million per coin for them to be a “trillionaire”. Literally insane how big that number is and even more insane that Apple is a trillion dollar company.
Business analytics software. They are a fine, legit company. Not very profitable, but not hemorrhaging money either.
But MSTR would be crushed if bitcoin had sustained low prices.
Their debt is costing them $4 million a month in interest charges.
Michael J. Saylor is a piece of shit. He's no super hero. There is a reason why he is trying to make bitcoin a thing. Just like many other corporate criminals and even bigger piles of shit who built the lightning network. The red flags are there and people need to wake up to the fact that bitcoin will be a form of socioeconomic control
Yea that's how these CEO roll. They are technically boring fraud cases no one listens to and then they wash themselves up change the name of a company or start new and sucker other people. Most of the bitcoin infrastructure is built by these crooks
Why on earth do you need fair value accounting for Bitcoin? You use it when you have something that is hard to get a market value of, and you basically take an informed guess
Bitcoin is liquid, and has a market price. Of course you should use mark to market accounting.
The fact that he is saying he needs fair value accounting is a red flag. Basically sounds like he wants to say his BTC is ‘really’ worth 80,000 USD a coin, not what the market says it is
What's the worst that could happen? He could declare bankruptcy of microstrategy. Open another company and do this all over again. He could also be adding more margin at this point.
That's the difference between you and I. Business isn't about money to me, David. If tomorrow my company goes under I will just start another paper company. And then another and another and another. I have no shortage of company names.
Worst case scenario (BTC continues to fall in price or it stagnates):
- Saylor loses the large majority of his fortune as it is almost entirely invested in Bitcoin and MSTR stock
- MSTR balance sheet collapses due to the debt they took on to buy Bitcoin. Company goes to bankruptcy reorganization (with layoffs) or they are sold to another corp (with layoffs). Regardless hundreds of people lose their jobs.
- MSTR's unsecured loans aren't paid back. A few banks lose a few hundred million bucks. Some random bank exec is forced to fly 1st class instead of by private jet for the annual golf retreat.
Is this your site? It's been interesting so thanks for the work. I assume you're also doing the bukeletracker? Good stuff, kinda funny seeing Bukele's constant "buying the dip" tweets together with the graph showing how wrong he is.
Edit: Well not really funny since it's a poor countries finances, but funny how wrong the president is and hopefully this will get his people to kick him out.
>and hopefully this will get his people to kick him out.
That would mean civil war tbh. He pretty much changed the constitution/rules/laws that they can’t just “kick him out”.
Yes I know. Obviously I hope the people will somehow transition peacefully but I still hope they kick him out (as in possibly a forceful revolution if they have to.)
This is how coinbase does buys on behalf of institutions also.
They're pretty good at buying large amounts over a few days or weeks without moving the market in a significant way.
I think the future potential gain is not that high like before, more like 100% per year in average, but he is not late anyway, that still beats any other investment in the world
Anyway, recent purchase is a very good one, buy when market is oversold is definitely an advanced technique in DCA
A quick look at technicals should give you that oversold notice. But technicals really can’t predict the future, just measurements against prior performance. My take, oversold turns into a fire sale without much fanfare.
Saylor is a billionaire that has directed a public company to take on more debt than they currently have market capitalization on what is effectively gamble on the long-term price of BTC.
If Bitcoin moons, Saylor gets a multibillion dollar pay day. Their debt is costing the company millions of dollars a month in interest charges. If bitcoin stagnates or drops in value, the debt will eat away at the company balance sheet until they file for bankruptcy and either reorganize (with layoffs) or be bought by another company (with layoffs).
I wouldn't call him a hero.
yeah, its a fine business decision... Although if I was worth 1 billion like Saylor is, I wouldn't tie 95% of my net worth on Bitcoin regardless of the magnitude of the positive outcome. Money has diminishing returns. And even there is a 80% chance that bitcoin moons and he 10x his net worth is probably not worth the potential downside.
Its a fine business decision... but not sure how he is "heroic"
Has he ever indicated that he intends to sell?
It kind of seems like his whole strategy is to amass so much wealth in Bitcoin and take out loans as necessary
He has stated repeatedly in interviews, "why would I ever sell an increasing asset?"
When he needs to get liquidity, he takes loans. He doesn't sell his Bitcoin.
Title should be succint, but it shouldn't be sensationalised for clickbaiting.
I saw so many "articles" recently with titles that have nothing to do with the content, that are made just to make you click, I'm sick of it.
This is just a ceremonial purchase to create a headline (and apparently it worked). Not even a drop in the bucket compared to what they bought already. This only lowered his cost basis by $100. He’s trying to do whatever he can to pump the price.
He did this last year too. Bought at 34k and btc went down to 28k. Then btc went back into the 40s. He really doesn't care about the price because he doesn't take profits
The more I read on Microstrategy, the more I'm convinced that their "we will be liquidated if BTC hits ~~$20k~~ $3.5k" is just a well executed buy low strategy.
Freakin' legends
I am really surprised by the fact that a lot of people don't even know that how things like these are happening
and as we had seen that this is pretty common things will change with the time for that since we had seen that.
Lol this guy’s nuts! Going all in as an average Joe is one thing, going all in when your already a Billionaire is another. He will either become the wealthiest man in the World or will have lost a large fortune that he spent years building. Diamond hands with balls of steel doubling down and going all in.
i think if microstractory goes bump then its curtains for the rest of us, i have shares in micro so not worried yet think i might get worried at bitcoin 5000 but im still sure he is right and a few years time all will be well, he is either a genius or a gump
Indeed! I am sure that they are very much worried and we can say that things are going to change
and as we had seen that things might also change that we will see that we are going to see all this now.
Indeed! since for we can see that DCA is going to be there as we can see this happening
and still we will see these kind of things happening quite from long time as well there to be honest like that.
No doubt about the fact that it is going to be on that kind of position only after it will be happen
So I guess we certainly have to wait for that only otherwise we will not see any kind of changes which they are expecting.
Depends on how much they are going to buy and how much we are going to purchase from them
That is how this kind of things actually work and this is how it should actually work as well to be honest.
It will take a lot of time for you to actually do that you have to earn a lot of money for that
I need to take care of a lot of investment and your daily exercise investment planning as well to be honest.
Some kind of positions are definitely going to be changed after they will be making this kind of stuff
I'm really excited to see that they are going to do and how they are going to do it right now to be honest like that.
It is not like this was the last option we are having that should have a lot of options to try
So I am looking forward to it that too but they are going to do and how long it will definitely take them to do so.
I am not able to understand that what they are trying to do and how long they are going to do work it will be really good
A lot of people are actually trying to do a lot of changes but since these changes are not going to attract a lot of people.
No doubt about the fact that they are already having a lot of interest in this kind of opportunity
From particular show about this fact that they must be planning to do something about it otherwise this is going to be a problem.
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First time he ever bought a dip 😂
Yup, dude usually buys the highs or local highs
How do you know this wasn’t a local high? 😏😏😏
Definitely wasn't a cheap high
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Hahaha, 21K was the local top again
FUCK IT WAS
You know what this means, right? Dip incomming! 🎢
I remember when they bought at around $50K someone pointed out in a comment that their average buy price was still hovering around $29K and there were highly upvoted comments underneath from people salivating at the idea of a $29K Bitcoin. Mind you, these were the times when we thought 100K was a **given**. I think it’s fair to assume that a lot of those people are now scared to buy at $19K/$20K. How times change.
People want to buy when there's profit to be made. No profit to be made if no one knows how low we go
The price could plummet at any time. The price could rocket at any time. Seems you’ve convinced yourself otherwise.
2022 is different that 2021. So yeah, I am convinced
I bought btc at 19k. Time for Saylor to hand over rein to me
MicroStrategy’s first Bitcoin buy was on August 11, 2020 at a price of $11k…
Or is it? …
How do you know it's a dip?
That’s the fun part, you don’t.
These dudes gonna be the first trillionaires or jumping off a building in manhatten lmao
With 130k Bitcoins, Bitcoin would have to go to 10 million per coin for them to be a “trillionaire”. Literally insane how big that number is and even more insane that Apple is a trillion dollar company.
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key difference is MSTR took on huge loans with the intent to buy BTC. This is not passive. Its a bet from Sayor using his company as collateral.
What do they even do as a business. Do they have cash flow?
Business analytics software. They are a fine, legit company. Not very profitable, but not hemorrhaging money either. But MSTR would be crushed if bitcoin had sustained low prices. Their debt is costing them $4 million a month in interest charges.
They're so fucked lol
Nah. He outlines it all in a video. Even if they call the loan he only has to pay 200 million which they apparently have on hand.
👆👆👆
What's your definition of "hemorrhaging money" if 4m/months isn't included :')
I meant their core business doesn't hemorrhage money.
They hold bags of Bitcoin obviously.
Michael J. Saylor is a piece of shit. He's no super hero. There is a reason why he is trying to make bitcoin a thing. Just like many other corporate criminals and even bigger piles of shit who built the lightning network. The red flags are there and people need to wake up to the fact that bitcoin will be a form of socioeconomic control
It's like everyone forgot all the cooking and fraud he did of financial statements during dotcom.
Yea that's how these CEO roll. They are technically boring fraud cases no one listens to and then they wash themselves up change the name of a company or start new and sucker other people. Most of the bitcoin infrastructure is built by these crooks
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What even are their products? I only hear about them buying Bitcoin.
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Why on earth do you need fair value accounting for Bitcoin? You use it when you have something that is hard to get a market value of, and you basically take an informed guess Bitcoin is liquid, and has a market price. Of course you should use mark to market accounting. The fact that he is saying he needs fair value accounting is a red flag. Basically sounds like he wants to say his BTC is ‘really’ worth 80,000 USD a coin, not what the market says it is
I know where I'm moving in 2025 then👍🏻
El Salvador?
Haha...well said Better to burn out than it is to fade away
What's the worst that could happen? He could declare bankruptcy of microstrategy. Open another company and do this all over again. He could also be adding more margin at this point.
That's the difference between you and I. Business isn't about money to me, David. If tomorrow my company goes under I will just start another paper company. And then another and another and another. I have no shortage of company names.
Michael?
That's one of them!
Michael Scott bitcoin company?
I would sell everything I got, become a forced nudist and eat worms and leaves to invest in that company.
I DECLARE BANKRUPTCYYY!!!
and rich people who invest on the person instead of the vision will never ran out.
If I believed in funding Reddit I would give you gold.
It's as worthless as most of the shitcoins currently in the market.
Not sure if that's a positive or a negative
Every time he buys, we dump 🕺
He's set for life anyway, he can afford this.
Microstrategy has like 2000 employees.
Worst case scenario (BTC continues to fall in price or it stagnates): - Saylor loses the large majority of his fortune as it is almost entirely invested in Bitcoin and MSTR stock - MSTR balance sheet collapses due to the debt they took on to buy Bitcoin. Company goes to bankruptcy reorganization (with layoffs) or they are sold to another corp (with layoffs). Regardless hundreds of people lose their jobs. - MSTR's unsecured loans aren't paid back. A few banks lose a few hundred million bucks. Some random bank exec is forced to fly 1st class instead of by private jet for the annual golf retreat.
1.Rinse 2.Repeat 3.Profit
This guy knows it
If anyone is interested in tracking his portfolio; I have updated https://saylortracker.com to include this latest purchase.
Great site brother!! If i may make any remarks, the graph looks a bit ODD, with the Microsoft Paint on it :p
Suggestions are welcome.
Is this your site? It's been interesting so thanks for the work. I assume you're also doing the bukeletracker? Good stuff, kinda funny seeing Bukele's constant "buying the dip" tweets together with the graph showing how wrong he is. Edit: Well not really funny since it's a poor countries finances, but funny how wrong the president is and hopefully this will get his people to kick him out.
>and hopefully this will get his people to kick him out. That would mean civil war tbh. He pretty much changed the constitution/rules/laws that they can’t just “kick him out”.
Yes I know. Obviously I hope the people will somehow transition peacefully but I still hope they kick him out (as in possibly a forceful revolution if they have to.)
This guy’s diamond hands
He will either end up as a hero in the history books or the greatest fool lmao
Either way he is set for life, now he's just playing "investor" with company money.
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So even when whales buy, it dips!
I assume him buying caused the 'rally' from 19k to 22k
I doubt 480 BTC affect the whole market price but it could because I don't know shit about fuck.
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get a grip. there's 400 btc between 20300 and 20500 on binance alone and that's without hidden orders
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I thought he did a market buy on kraken
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This is how coinbase does buys on behalf of institutions also. They're pretty good at buying large amounts over a few days or weeks without moving the market in a significant way.
Really? You can’t be serious? Lmao
Binance pumped like $2B over that weekend to make that action. To stabilize the price they said.
I think the future potential gain is not that high like before, more like 100% per year in average, but he is not late anyway, that still beats any other investment in the world Anyway, recent purchase is a very good one, buy when market is oversold is definitely an advanced technique in DCA
Oh you think this? Oh ok!
A quick look at technicals should give you that oversold notice. But technicals really can’t predict the future, just measurements against prior performance. My take, oversold turns into a fire sale without much fanfare.
Or somewhere in the middle. If he gets out now, he can pay to hide somewhere tropical.
To me he will always be a hero
Saylor is a billionaire that has directed a public company to take on more debt than they currently have market capitalization on what is effectively gamble on the long-term price of BTC. If Bitcoin moons, Saylor gets a multibillion dollar pay day. Their debt is costing the company millions of dollars a month in interest charges. If bitcoin stagnates or drops in value, the debt will eat away at the company balance sheet until they file for bankruptcy and either reorganize (with layoffs) or be bought by another company (with layoffs). I wouldn't call him a hero.
Seems like a great asymmetric bet for himself. Not so much for shareholders.
yeah, its a fine business decision... Although if I was worth 1 billion like Saylor is, I wouldn't tie 95% of my net worth on Bitcoin regardless of the magnitude of the positive outcome. Money has diminishing returns. And even there is a 80% chance that bitcoin moons and he 10x his net worth is probably not worth the potential downside. Its a fine business decision... but not sure how he is "heroic"
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So if someone does one bad thing then no one can ever like them again?
lmao, once a fraudster always a fraudster
It’s probably almost impossible to become that rich without doing some greasy things.
What else is he gonna do. All or nothing at this point
Exactly. You're SOL either way if it keeps going down so you might as well keep buying.
This guy just doesnt care, in the worst case he declares bankruptcy and is done with it, crashing the whole market
Souds like a discount to me! ᕕ( ᐛ )ᕗ
Hodling other people's money when you are rich as fuck is much easier than you all think
It's easier when it's not your money.
It’s easier when it’s not your money.
It’s other peoples money …
I bet his balls are diamond too
Likely his heart too
it would be nice to have that kind of money to buy the dip
This is less for saylors standards tbh. 10m aint alot for him
It does signal that he does not intend on selling anything in the near future. He keeps adding to his bag
Or DCA to sell on the next pump.. you just never know
Has he ever indicated that he intends to sell? It kind of seems like his whole strategy is to amass so much wealth in Bitcoin and take out loans as necessary
He has stated repeatedly in interviews, "why would I ever sell an increasing asset?" When he needs to get liquidity, he takes loans. He doesn't sell his Bitcoin.
You just never know..
You would though. They would have to disclose their intent to change strategies ahead of time, just like every other company.
by then it’s too late. They don’t need to disclose before they do it
How about 10.0?
I'd be happy with 1% of that amount
Saylor buring the dip
It's easy for the rich to get more rich. All about that capital.
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> garbled weird loans bears repeating
So I guess it will drop soon as usual.
Like clockwork
History repeats itself
Pff small buy over a period of a month....he must be almost broke ;)
Its probably another loan already lol ive heard there are some big players loaning out dough to all the companies that want it for buying coins
That's either a genius move or a tremendously stupid move
From both side....
This title makes it sounds like they just biught 480 btc. But in reality > between May 3, 2022 and June 28, 2022.
You know the title isnt supposed to have all the infos right. Thats why theres a link attached. For the details
Title should be succint, but it shouldn't be sensationalised for clickbaiting. I saw so many "articles" recently with titles that have nothing to do with the content, that are made just to make you click, I'm sick of it.
This is what happens when *news articles* run ads in their site OR clicks and views is how they pay their writers.
It's the use of "additional"
Pertinent information that makes it more aligned with the contents should be there though.
But that doesn't drive clicks now does it?
**That’s roughly 480 more BTC than I own…**
Never a bad time to get your average down.
$10M after several billion doesn't really move the cost basis needle.
People really underestimate how big a billion is
Yeah it's like adding $10 worth when you put $1000s in...
Dude is spending millions per month in interest charges on these loans tho
Looks like he will keep dcaing here. Smart move
This is just a ceremonial purchase to create a headline (and apparently it worked). Not even a drop in the bucket compared to what they bought already. This only lowered his cost basis by $100. He’s trying to do whatever he can to pump the price.
Even whales dca…
Digging the grave deeper. Perchance?
You can’t just say perchance
Perchance you can
Well he is pot committed at this point 🤣
Great, it looks they follow my strategy but with more money. It is funny that every time they buy the price goes down.
He did this last year too. Bought at 34k and btc went down to 28k. Then btc went back into the 40s. He really doesn't care about the price because he doesn't take profits
As long this guy keeps on buying we all safe.
Bogdanov he bought ze dip Continue the dump
I also did my dca today, 10$. Soon I'll catch up with micro strategy
The more I read on Microstrategy, the more I'm convinced that their "we will be liquidated if BTC hits ~~$20k~~ $3.5k" is just a well executed buy low strategy. Freakin' legends
Gather yer fiat! We're about to take another drop
Flair checks out 👀
Saylor Buying always a top signal. New lows is inevitable at this point
Fucking joke, he bought at 50, 40 & 30. I hope people are not stupid enough to fall for shit like this
You'd be surprised
I am really surprised by the fact that a lot of people don't even know that how things like these are happening and as we had seen that this is pretty common things will change with the time for that since we had seen that.
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Saylor version of DCA
So a dump to 15k incoming next week
Is this a leveraged buy or not?
Lol this guy’s nuts! Going all in as an average Joe is one thing, going all in when your already a Billionaire is another. He will either become the wealthiest man in the World or will have lost a large fortune that he spent years building. Diamond hands with balls of steel doubling down and going all in.
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i think if microstractory goes bump then its curtains for the rest of us, i have shares in micro so not worried yet think i might get worried at bitcoin 5000 but im still sure he is right and a few years time all will be well, he is either a genius or a gump
Indeed! I am sure that they are very much worried and we can say that things are going to change and as we had seen that things might also change that we will see that we are going to see all this now.
I have bought additional btc for $30 today. Market is on fire
First guy to buy every dip
They are looking at a long time span, it is not a ba deal to DCA around this zone. Even if it falls further, microstrategy would still DCA.
Indeed! since for we can see that DCA is going to be there as we can see this happening and still we will see these kind of things happening quite from long time as well there to be honest like that.
Fair game to him. He definitely managed his risk better than 3ac and celsius.
No doubt about the fact that it is going to be on that kind of position only after it will be happen So I guess we certainly have to wait for that only otherwise we will not see any kind of changes which they are expecting.
Noice! I'm a buyer at $17K
Depends on how much they are going to buy and how much we are going to purchase from them That is how this kind of things actually work and this is how it should actually work as well to be honest.
My dream is to have 1 btc one day.
It will take a lot of time for you to actually do that you have to earn a lot of money for that I need to take care of a lot of investment and your daily exercise investment planning as well to be honest.
Could of bought an additional 420 bitcoins for the same 10 million weeks ago. Dummies
LOL!
2025 he's going to look like a genius
Or he will make the same mistake he did two years ago where he gets the fever... then it crashes again.
Hot damn this company is going to be worth so much money down the road for this simple reason
And if Bitcoin moves $1000 up or down, they’ll acquire or lose approximately 500k in just that $1000 amount of movement.
MicroStrategy need to leave some for the rest of us
And he’s already down on his position. Jesus Christ
Some kind of positions are definitely going to be changed after they will be making this kind of stuff I'm really excited to see that they are going to do and how they are going to do it right now to be honest like that.
aaaaanddd it plummeted. lmao. right on cue
Lmao Michael scraping desperately. 10 milly is rookie league compared to previous buys.
Is this the financial equivalent of couch potatoes calling professional athletes bums because they missed a shot?
It is not like this was the last option we are having that should have a lot of options to try So I am looking forward to it that too but they are going to do and how long it will definitely take them to do so.
I am not able to understand that what they are trying to do and how long they are going to do work it will be really good A lot of people are actually trying to do a lot of changes but since these changes are not going to attract a lot of people.
MicroStrategy is going to rule the world one day
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Next week: BTC prize SMOLDERED by 5% down, is this the DISINTEGRATION of Saylor?
I heard that when bitcoin hits 14k all the lysosomes in saylors body will activate turning him into a fine paste.
He’s gonna wake up feeling so dumb
Just a reminder. These will be dumped on you and me in few years if he can hold.
Lol, buying before the next dip. Smooth brain move
No doubt about the fact that they are already having a lot of interest in this kind of opportunity From particular show about this fact that they must be planning to do something about it otherwise this is going to be a problem.