AGAIN, AGAIN! Strategy prepared for another Bitcoin purchases!

[Bobcrypto]

Yes, i had once wrote a post here about Michael strategy intentions on his continued Bitcoin purchases but many thought that it wasn't possible for Michael Strategy to buy the entire bitcoin circulating supply.
Now, Strategy is at it again, the company is preparing to buy another quantity of Bitcoin after they acquired 130 Btc worth $10.7m, one of their smallest purchases just two weeks ago. I think Strategy have some hidden agenda, may be they will eventually purchase the entire bitcoin circulating supply. what do you think?

Check here: https://cointelegraph.com/news/strategy-announces-10-preferred-stock-buy-btc

I think Strategy is up to something in my opinion. I'm just watching closely.

[Stompix]

I think Strategy have some hidden agenda, may be they will eventually purchase the entire bitcoin circulating supply. what do you think?

Who will lend him the money do so?
Many think he has invented the money printing machine while in reality Microstrategy is piling up debt and buying Bitcoin hoping the price will go up and then he will dump that to pay his debts.
Are you thrilled for the moment when they will have to sell 50 000 BTC to cover their 4 billion current debt?

[bitterguy28]

I think Strategy have some hidden agenda, may be they will eventually purchase the entire bitcoin circulating supply. what do you think?

Check here: https://cointelegraph.com/news/strategy-announces-10-preferred-stock-buy-btc

I think Strategy is up to something in my opinion. I'm just watching closely.

their only agenda is acquiring as much bitcoin as they can which is an agenda of pretty much everyone in the world if i had as much money as michael saylor i would also be buying this much bitcoin i do not think they are hoping to buy all coins because surely they understand the importance of coins circulating

i do not think this news warrants any anxiousness even if they are to buy all circulating coins, who is going to stop them? it is their right as it is ours the difference is just that they have more money to actually make it happen

[Baofeng]

I think Strategy have some hidden agenda, may be they will eventually purchase the entire bitcoin circulating supply. what do you think?

Who will lend him the money do so?
Many think he has invented the money printing machine while in reality Microstrategy is piling up debt and buying Bitcoin hoping the price will go up and then he will dump that to pay his debts.
Are you thrilled for the moment when they will have to sell 50 000 BTC to cover their 4 billion current debt?

I was under the impression that he is lending from banks as he has leverage of his company or as his collateral. And then maybe the profits of his company = to pay for his loan.

But he still has to rely for Bitcoin to go up before the end of the year to at least pay those and make a decent profit.

And it was reported that he has amassed so much Bitcoin that he had more than US + China.

[Faisal2202]

Yes, i had once wrote a post here about Michael strategy intentions on his continued Bitcoin purchases but many thought that it wasn't possible for Michael Strategy to buy the entire bitcoin circulating supply.
Now, Strategy is at it again, the company is preparing to buy another quantity of Bitcoin after they acquired 130 Btc worth $10.7m, one of their smallest purchases just two weeks ago. I think Strategy have some hidden agenda, may be they will eventually purchase the entire bitcoin circulating supply. what do you think?

I shared my opinion in your last post that the total value of the remaining BTC is very huge like more than 80 billion dollars and I don't think MSTR or Saylor have that much money to buy, and secondly, not all BTC are out yet so it is hard for him to buy all those BTC If he purchased these 130 BTC, then I have bought $20 worth of BTC too, Does that mean he is short $20 worth of BTC now?

The point is technically he can't buy all the remaining BTC. Or is there anything I am not picking up here?

[robelneo]

I think Strategy have some hidden agenda, may be they will eventually purchase the entire bitcoin circulating supply. what do you think?

Check here: https://cointelegraph.com/news/strategy-announces-10-preferred-stock-buy-btc

I think Strategy is up to something in my opinion. I'm just watching closely.

Can they really do that by buying the entire Bitcoin supply, and is that even possible? There are risks on this plan if this is their agenda, but I doubt if they are going to hold it until they buy the whole supply, they will be tempted to sell for profit.
They see the market price as an accumulation stage, so they keep buying Bitcoin. maybe they think that Bitcoin will reach the $500k mark in the near future.

[MrSpasybo]

Yes, i had once wrote a post here about Michael strategy intentions on his continued Bitcoin purchases but many thought that it wasn't possible for Michael Strategy to buy the entire bitcoin circulating supply.
Now, Strategy is at it again, the company is preparing to buy another quantity of Bitcoin after they acquired 130 Btc worth $10.7m, one of their smallest purchases just two weeks ago. I think Strategy have some hidden agenda, may be they will eventually purchase the entire bitcoin circulating supply. what do you think?

I think Strategy is up to something in my opinion. I'm just watching closely.

StrategyB is just aggressively accumulating BTC. They won't be able to buy the BTC in the U.S. government strategic reserve funds or in the budgets of many large companies worldwide, like Metaplanet. I don't believe they can buy the entire circulating supply of BTC, because that's nearly impossible and they have no benefit in doing so.

Imagine the future of BTC when 15M BTC is in StrategyB budget, the supply decentralization of BTC will disappear and its value will plummet. Saylor understands this, so he won't try to aim for the 15M BTC target. 1M BTC might be a more feasible and beneficial goal, enough for StrategyB to deploy many other plans such as a BTC bank in the future.

[rdluffy]

Yes, i had once wrote a post here about Michael strategy intentions on his continued Bitcoin purchases but many thought that it wasn't possible for Michael Strategy to buy the entire bitcoin circulating supply.
Now, Strategy is at it again, the company is preparing to buy another quantity of Bitcoin after they acquired 130 Btc worth $10.7m, one of their smallest purchases just two weeks ago. I think Strategy have some hidden agenda, may be they will eventually purchase the entire bitcoin circulating supply. what do you think?

Check here: https://cointelegraph.com/news/strategy-announces-10-preferred-stock-buy-btc

I think Strategy is up to something in my opinion. I'm just watching closely.

Hehehe, that's not possible, but the amount of BTC they have is almost unbelievable
According to them, it's already 499,226 BTC 

This last purchase, which was the smallest so far, was one that he managed to buy from dip, since every time he bought it the price fell afterwards hehe
Saylor remains very firm in his proposal to buy as much BTC as possible

[Z-tight]

I don't think they have that agenda, neither do i think they can even afford to do that. They are only trying to accumulate BTC and then make money from its rise in price. This is what every speculator is about and i don't see anything different in this situation.

[yhiaali3]

Buying the entire supply of Bitcoin? This seems like a completely bizarre and unrealistic idea to me. I don't think they could pull it off, even in the long run.

I wouldn't be surprised if this idea was on Michael Saylor's mind, but it's a completely unrealistic plan, especially given his lack of sufficient liquidity and the mounting debts of his company, which have reached billions. Buying such large quantities would require a huge amount of liquidity, which is difficult to obtain.

[NotATether]

Microstrategy*, not Michael Strategy (and his name is Michael Saylor by the way).

Obviously he is going to buy as much bitcoin as he can possibly afford, but what he's trying to do is drive the price up which is great for the rest of us.

Who doesn't like expensive bitcoins, anyway? (besides people who don't have any that is.)

Their business model is basically  - buy as much bitcoin as we can, and sell just enough to cover expenses.

[TomPluz]

Michael Saylor and  Strategy are just normal speculators who are looking to make big money once they will decide to sell. And of course, they could not buy all the available Bitcoin as I am not selling to him and am not alone Satoshi Nakamoto is also not selling. Now, since there is a big dip right now it would be an easy conclusion that Michael is preparing to buy more. The market is very much open and anybody with the money can buy as much as he wanted to...and we should not care where the money is coming as long as they are not ill-gotten.

[target]

People will be able to figure out before they could even buy like the entire BTC supply. When this happen will learn that BTC will no longer be decentralized as one entity could manipulate the market with a click. People will be moving to some other coin if this indeed happens.

But seem too much to happen, there are countries already holding on their BTC  for good.

[Stompix]

Can they really do that by buying the entire Bitcoin supply, and is that even possible? There are risks on this plan if this is their agenda, but I doubt if they are going to hold it until they buy the whole supply, they will be tempted to sell for profit.

They will need to cover up debts anyhow.
Right now they are issuing shares and issuing new debts to cover both the previous purchases and the debts themselves, so they are on a never-ending spiral of taking loans and buying an asset with the hope the said asset will appreciate more than the interest itself at least and it will not go below purchase price when they need to liquidate cause at one point they will have to.

If anyone thinks this strategy can go on forever it would have been done with gold, but no, not possible, and certainly not for a company the size of MSRT when giants have failed in the past.

[Gposas]

That's right, he is an indepth believer of Bitcoin and he is continuously adding to his holdings undetermining the market price.
I saw a news today on Twitter that he also made a recent purchase of about 6,900 BTC worth over $584 Million to increase his holdings.

It is clear that his insight on this asset is unspeakable and nothing could change his mind to stop accumulating. But to my best of understanding, he alone wouldn't be able to purchase the remaining Bitcoin supply seeing that the move of a Strategic Reserve is coming to play.

Or else maybe, he is able to swiftly acquire enough funds to sweep all remaining Bitcoin supply to his reserve before other nations starts to purchase for her Nation's Reserve.
Which is practically impossible...