Michael Saylor’s MicroStrategy doubles down on Bitcoin-

[blink18]

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

Weird company. Have you looked at what happened in 2000-2002 bear market? The stock price went from $3700 to $4.2

 

[deaddog]

*Sigh...

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.

I think I asked you in another thread to point me to the area of the white paper where it spells out how to value bitcoin.

 

[Millionaire]

Weird company. Have you looked at what happened in 2000-2002 bear market? The stock price went from $3700 to $4.2

Probably why he feels invincible. His stock has been below $5 before and survived.

 

[JackMorgan]

i predicted the demise of saylor long long long ago

164 down 85%

see ya at zero

 

[The_Krakenite]

Bitcoin is going to 10k.

Hopefully it does. As long as equities around the world continue to crash and burn, I think the chances of this may be good even if the Luna/Celseus/3-Arrows contagion is finally controlled.

 

[JackMorgan]

Better than that old national logo huh. He the Mike Saylor of dictators

 

[ET180]

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.

One could go long GBTC which is trading at a discount to NAV and short MSTR which is leveraged bitcoin. Problem of course is the borrowing costs.

 

[Overnight]

What did the apple say to the orange?

You suck, because you do not taste good with peanut butter?

 

[savoir]

One could go long GBTC which is trading at a discount to NAV and short MSTR which is leveraged bitcoin. Problem of course is the borrowing costs.

You ain’t kidding. The borrow fee for MSTR got prohibitive in a hurry.

 

[Tokenz]

You suck, because you do not taste good with peanut butter?

Nothing, apples don't talk...