Michael Saylor’s MicroStrategy doubles down on Bitcoin-

[Millionaire]

If he loves it so much, why didn't he buy his 130,000 bitcoins when the price was below $10,000, only a few years ago?

He could have accumulated 500,000 for the $4billion paid.

Seems like he was just following the crowd to buy in at $30,000 thinking it would run to $100,000, just another sheep bagholder.

Instead i think he will be puking up his coins when the price is backdown to $8000

 

[Tokenz]

View attachment 288118
instant fukking loser

To be a loser I'd have to sell

 

[Trader Curt]

Bought at 20,060! Got him beat!

$19,116 here, got you beat too

 

[The_Krakenite]

480 bitcoins out of almost 130,000 is a drop in the bucket.

Yes, that is true. Though like many of us, we are just DCA into it a little at a time in the hopes that it may go down even more in the short term.

 

[Millionaire]

$19,116 here, got you beat too

Just a few minutes go you posted your price was $21,500, then you deleted your post, but i read it before you deleted it, now you are posting $19,116

 

[Trader Curt]

Just a few minutes go you posted your price was $21,500, then you deleted your post, but i read it before you deleted it, now you are posting $19,116

I know, that's because I just bought more

 

[DaveV]

480 bitcoins out of almost 130,000 is a drop in the bucket. Only reason he did that was to show confidence.

I agree. He is trying to show confidence, but not in Bitcoin but in MicroStrategy. There have been rumors that if Bitcoin fell below $21,000 that MicroStrategy would be facing margin calls. So they are trying to assure that MicroStrategy is not in financial trouble. Interesting that they didn't do a stock buyback instead of purchasing more Bitcoin.

 

[Millionaire]

So Microstragy has a $1.86 billion market cap, but owns $2.5 billion of bitcoins.

I guess they have a $Billion in debt as well?

Seems like a house of cards that is about to collapse.

EDIT: Just googled, they have $2.4 billion in debt

 

[The_Krakenite]

There have been rumors that if Bitcoin fell below $21,000 that MicroStrategy would be facing margin calls.

*Sigh...

This has been debunked on this very forum many, many, many moons ago. Yet keeps being iterated by the perma-bears and a few others who can't be bothered to even do so much as basic research into something they want to squawk-box about.

As a side-note: The majority of bears here haven't even spent 10 seconds in an effort to read any white-paper. Yet everyone tries to convey they are some hot-shot analyst.

 

[Pekelo]

1. The majority of bears here haven't even spent 10 seconds in an effort to read any white-paper.

2. Yet everyone tries to convey they are some hot-shot analyst.

1. Why would they? It has nothing to do with price action.

2. I am a hot shot analyst. I correctly predicted the 2017 ATH and 60+% sell off. I correctly predicted 20K in a year back in February.

Anything else you would like to know? Going back to the topic, there is a small loan that is gonna be margin called for Saylor I think around 17K. He just needs to put up more collateral, that is it.

"“On a multibillion-dollar balance sheet, we've only got a $200 million loan that we have to collateralize and we're 10x over collateralized on that right now,” Saylor added."

https://www.coindesk.com/business/2...y-margin-call-talk-is-much-ado-about-nothing/