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Learning & News => News related to Crypto => Topic started by: sirty143 on January 04, 2024, 10:09:24 AM

Title: Michael Saylor Selling $216 Million of Microstrategy's Shares, Plans to Buy More
Post by: sirty143 on January 04, 2024, 10:09:24 AM

Michael Saylor Selling $216 Million of Microstrategy's Shares, Plans to Buy More Bitcoin

(https://i.imgur.com/R8zP8gkm.jpg)

Microstrategy’s executive chairman, Michael Saylor, is selling $216 million of his company’s shares, according to a filing with the U.S. Securities and Exchange Commission (SEC). The pro-bitcoin executive intends to use some... See more for yourself here (https://news.bitcoin.com/michael-saylor-selling-216-million-of-microstrategys-shares-plans-to-buy-more-bitcoin/).

Your opinion is greatly appreciated.

Title: Re: Michael Saylor Selling $216 Million of Microstrategy's Shares, Plans to Buy More
Post by: gunhell16 on January 05, 2024, 03:08:35 AM

That's how much he believes in bitcoin as a sure long-term investment that will return him a good return. I think he has 189,150 bitcoin holdings at the moment and will increase.

Let's assume that the total amount of bitcoin that he holds could be 200,000 bitcoins. In real-life applications, what I'm saying is just an example. Try to imagine if he sells Bitcoin for only 200k, which I don't think is 100k. His target price is to actually sell the Bitcoin, but let's just close it at 100k$ out of 200k total Bitcoins at 19B dollars, the total that will come back to him, which is just a coin in the capital used too much return on profit.