Fun Fact: 3 days ago Michael Saylor announced Microstrategy purchased 855 BTC at $88k each. 3 days later BTC is 24% below their buy price.
Fun Fact: 3 days ago Michael Saylor announced Microstrategy purchased 855 BTC at $88k each. 3 days later BTC is 24% below their buy price.
https://i.redd.it/2pwob41rmphg1.png
Posted by GabeSter
22 Comments
GettinWiggyWiddit on
He doesn’t care
f0o-b4r on
Are we going @$20k or something!?
ButtCoiner69 on
He uses investors money for his degen gambles, this should be a crime
Paul_Cetacea on
Looks like the main coin of a community that has no values is heading straight for its fair market price !
JekPorkinsTruther on
You can debate about whether MSTR is a good buy or whether Saylor is good for BTC/crypto (idrc to on either) but I dont really see how MSTR “losing” less than 20m on a trade matters. Nobody buying/holding that much BTC is gonna be shocked at a 25% decline.
bbatardo on
If Saylor cared about buying at a good price he would create a cash reserve to strategically buy BTC.
His model is fairly simple, he raises money from investors and buys BTC right after because that is what he says he will do. Is it a good strategy? I guess we will see next bull run if he is around.
chatfarm on
this guy needs some patience lol… or maybe not.
Isekai_Dreamer on
He is me, and I am yuu.
RespectFront1321 on
They also bought 23k BTC at an average price of $95k earlier in January, at $67k BTC that’s a whopping $650 million loss.
DryMyBottom on
you can only buy low if you buy high, right?
Longjumping-Pop7512 on
I’m kinda relieved! Just to put on BTC Maxi’s face. Welcome to the alt island 🤣
Crim3mast3rZ on
Awesome only 70% more to go
CaptainAGame on
He bought? Dump it.
GaRGa77 on
Diamond hands so far
NiGhTShR0uD on
MS in the back, “HOOOOOLD THE LIIIIIIINE!”
kirtash93 on
I always have the feeling that every time I see him announcing a buy, there is a dump.
robotic_dreams on
It still amazes me that people don’t know Bitcoin crashes 90% every four years.
Charizard3535 on
I think people who believe Saylor is helping BTC with demand are mistaken. One entity controlling too much of the supply makes it a liability to others.
Mikaelson_Niklaus on
Just zoom out lol. Y’all on your first ride or what?
Mathiasdk2 on
The thought is, now that he’s under water am it’s going to be harder for him to raise cash. So no more MSTR exit liquidity.
It’s going to be interesting to see what happens in the next couple of weeks.
gizram84 on
Cool. And you know what? His corporate plan is working because they are not selling anything.
They fully understood being underwater was a risk. As long as they can service their debt, which they can, there’s no risk.
Even if things get tight, they can just issue new debt, with longer terms, to pay off the short term debt coming due soon.
Very, very low risk of liquidation, even if the price drops further.
Tons of smooth-brained opinions in here from shitcoiners.
He’s a billionaire, and you lost your only $37 dollars trading meme coins. There’s a galaxy of a difference between you.
22 Comments
He doesn’t care
Are we going @$20k or something!?
He uses investors money for his degen gambles, this should be a crime
Looks like the main coin of a community that has no values is heading straight for its fair market price !
You can debate about whether MSTR is a good buy or whether Saylor is good for BTC/crypto (idrc to on either) but I dont really see how MSTR “losing” less than 20m on a trade matters. Nobody buying/holding that much BTC is gonna be shocked at a 25% decline.
If Saylor cared about buying at a good price he would create a cash reserve to strategically buy BTC.
His model is fairly simple, he raises money from investors and buys BTC right after because that is what he says he will do. Is it a good strategy? I guess we will see next bull run if he is around.
this guy needs some patience lol… or maybe not.
He is me, and I am yuu.
They also bought 23k BTC at an average price of $95k earlier in January, at $67k BTC that’s a whopping $650 million loss.
you can only buy low if you buy high, right?
I’m kinda relieved! Just to put on BTC Maxi’s face. Welcome to the alt island 🤣
Awesome only 70% more to go
He bought? Dump it.
Diamond hands so far
MS in the back, “HOOOOOLD THE LIIIIIIINE!”
I always have the feeling that every time I see him announcing a buy, there is a dump.
It still amazes me that people don’t know Bitcoin crashes 90% every four years.
I think people who believe Saylor is helping BTC with demand are mistaken. One entity controlling too much of the supply makes it a liability to others.
Just zoom out lol. Y’all on your first ride or what?
The thought is, now that he’s under water am it’s going to be harder for him to raise cash. So no more MSTR exit liquidity.
It’s going to be interesting to see what happens in the next couple of weeks.
Cool. And you know what? His corporate plan is working because they are not selling anything.
They fully understood being underwater was a risk. As long as they can service their debt, which they can, there’s no risk.
Even if things get tight, they can just issue new debt, with longer terms, to pay off the short term debt coming due soon.
Very, very low risk of liquidation, even if the price drops further.
Tons of smooth-brained opinions in here from shitcoiners.
He’s a billionaire, and you lost your only $37 dollars trading meme coins. There’s a galaxy of a difference between you.
It’s a Ponzi to get the OG whales out.