Microstrategy Raises Bitcoin Holdings to 190K BTC — Calls Itself 'World's First

[sirty143]

Microstrategy Raises Bitcoin Holdings to 190K BTC — Calls Itself 'World's First Bitcoin Development Company'

Nasdaq-listed Microstrategy has increased its cryptocurrency holdings to 190,000 bitcoins, having acquired 31,755 additional coins since the end of the third quarter. The company now considers itself “the world’s first Bitcoin development company,” with a unique value proposition... See more for yourself here.

Your opinion is greatly appreciated.

[philipma1957]

I think that having close to 200,000 BTC give them quite a bit of power but it is still less than 1 percent of all coins. I would be more impressed if they get the totals up around 1,000,000 coins. Which would be 5x of what they have now.

[yhiaali3]

Microstrategy is still proving strongly that it is a strong believer in Bitcoin not only as an investment but also in adoption, because it was subjected to severe pressure, especially during the decline of Bitcoin, but it insisted on following through until the end.

And now, with prices rising, large quantities are being bought again. I admire this company and its president, Michael Saylor, who has a vision for the future and had a clear plan of action towards adopting Bitcoin and is still sticking to it until the end.

Big regards to this man. We need such people.

[joniboini]

I remember reading somewhere that whenever Microstrategy updated their Bitcoin holding, it meant they were preparing to sell some part of it sooner or later. While I don't believe in any conspiracy, I guess it makes sense that some people use news like this as a signal to sell some of their coins. From an outsider's perspective, they just look like another business that wants to obtain as much wealth as possible, which is why I'd be worried if they managed to accumulate a lot of coins that can easily affect the market and the network in the future. Hopefully that will not happen soon, and we will find an alternative if that does become a problem.

[Uruhara]

I am truly always amazed at this company consistently accumulating bitcoin. But I wonder if they will continue to accumulate when btc price reaches the last ATH. And I'm also curious about the price targets they are actually aiming for in Bitcoin investments. Because I see this company is very optimistic in their bitcoin accumulation. One expression for this company is Good Job 

[Nwada001]

Micro Strategy is really going up with their vision to support the bitcoin network with their investment in bitcoin. They so much believe in the network and have been rendering their support by buying a very large amount of it. With time, I believe they will be able to accumulate up to 1% of the total bitcoin supply, which I believe will be part of their target for the year.
 
I also don't see any doubt about them calling themselves the first world bitcoin development company, as they are doing extremely well in terms of the activities in transactions that they are conducting, buying and holding a lot of coins. If I'm not mistaken, they are among the top list of bitcoin holders right now.

[Don Pedro Dinero]

I think that having close to 200,000 BTC give them quite a bit of power but it is still less than 1 percent of all coins. I would be more impressed if they get the totals up around 1,000,000 coins. Which would be 5x of what they have now.

If we take into account the bitcoins lost, it has more than 1%, about 1.5% or so. I would not underestimate that percentage, as Ana Patricia Botín is president of Banco Santander with only 1.07% of the shares.

If Saylor continues to do what he has been saying, he will continue to accumulate bitcoin non-stop because he believes it is the most valuable asset in the world, and that will eventually put him in a position of power that few will dare to doubt.

[famososMuertos]

The point is that almost (<)1% of bitcoin is a lot, even 0.01% puts you in a privileged ranking, and that holding improves not simply because the price reaches the moon, it is because of the holding itself, the The reason is that there are many "shareholders" and one percent gives you power over millions of users (Satoshian shareholders).

^{Satoshian shareholders: sorry, I just made it up}

[Lucius]

I think that having close to 200,000 BTC give them quite a bit of power but it is still less than 1 percent of all coins. I would be more impressed if they get the totals up around 1,000,000 coins. Which would be 5x of what they have now.

If we consider that their first investment in Bitcoin was in August 2020, then 1 million BTC would take them more than 15 years, assuming they buy 190 000 BTC every 3.5 years. Today's amounts are actually very modest, if we remember that they started with over 21 000 BTC in their first transaction.

I honestly doubt that MS will ever manage to reach 500 000 BTC, because if the price goes up, the amounts they will add will probably be less than 1000 BTC per transaction.

[Captain Corporate]

This is a different thing, like they are a company that has its own value obviously there is no doubt about that, they are not just some random company who buys bitcoin and does nothing else, but at the same time their biggest thing is buying bitcoin. With this new purchase, they have over 8.5 billion dollars in investment at bitcoin and that's not normal, we are talking about growing to a huge world known levels. Imagine bitcoin going x10 higher, which isn't really impossible, that company would have 85+ billion dollars just in bitcoin and that's liquid assets that they can sell anytime they want, how many companies have that?

[philipma1957]

well they certainly timed the purchase well. it is up 🆙 around 6% since they purchased it.

[Aanuoluwatofunmi]

Microstrategy Raises Bitcoin Holdings to 190K BTC — Calls Itself 'World's First Bitcoin Development Company'

Nasdaq-listed Microstrategy has increased its cryptocurrency holdings to 190,000 bitcoins, having acquired 31,755 additional coins since the end of the third quarter. The company now considers itself “the world’s first Bitcoin development company,” with a unique value proposition... See more for yourself here.

Your opinion is greatly appreciated.

To me i just see that Microstrategy is too lousy in her bitcoin holding as it often make propaganda on it recent achievements and what it has accumulated over time, what should we say about greyscale bitcoin, El-savador or every other prominent bitcoin holders who doesn't get it much as this over their head each time they are acquiring bitcoin as MicroStrategy do, i think everything here happening will have to do with the impact of Michael Saylor as he is also fond of the social media talking about bitcoin.   

[bayu7adi]

I am truly always amazed at this company consistently accumulating bitcoin. But I wonder if they will continue to accumulate when btc price reaches the last ATH. And I'm also curious about the price targets they are actually aiming for in Bitcoin investments. Because I see this company is very optimistic in their bitcoin accumulation. One expression for this company is Good Job 

In the end, every company aiming to profit from their investments will eventually lead to selling, whether it's in bulk or gradually. I always keep this in mind because many folks might feel let down by big company moves. They might initially seem supportive by buying lots of coins, but we also forget they can sell BTC anytime.

Recently, Bitcoin's price seems to be on the rise, maybe partly due to these big company moves. While it's exciting to see your assets going up, there are times when you need to stay cautious too.

[Z-tight]

To me i just see that Microstrategy is too lousy in her bitcoin holding as it often make propaganda on it recent achievements and what it has accumulated over time,

I don't see any propaganda here, Microstrategy is just making the usual announcements they do when they buy BTC, it is not an investment advice for anybody to buy BTC, but it can encourage people to become interested in BTC. The BTC network is free for anyone and any institution, if they want to make regular purchases and make announcements of it, then that is fine.

[SamReomo]

They are the true believers of Bitcoin and they're a good example for us and their stocks have been going to moon only because they have invested in Bitcoin.

I think their stock will soon reach a good ATH and many investors who invested in their stock can get some good profits.

I expect that their stock price will touch at least $1.3k when bull run gets huge intensity and when Bitcoin reaches $100k. But, I'm pretty sure it will achieve $800 value very soon.

They should be thankful to Bitcoin for that because without Bitcoin investment they might not be able to see such growth.