Michael Saylor’s MicroStrategy doubles down on Bitcoin-
- Thread starter The_Krakenite
- Start date
Man, you need to do your research before jumping to conclusion. According to this article by CoinDesk, Saylors did acquire 17,732 BTC in 2020 for just under $10,000 ($9,882 to be exact).
https://www.coindesk.com/business/2...ael-saylors-17732-btc-holdings-now-worth-11b/
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Crypto is very patriotic
It's worth a fourth what you paid for it . or less !
It's worth a fourth what you paid for it . or less !
Another example of how to become a multi millionaire.
Have a billion dollars worth of bitcoin and HODL.
Those 17,732 are his personal bitcoins which he bought before MicroStrategy bought 129,000.
MicroStrategy did not buy any below $10,000, and has an average price of around $30,000.
"I informed MicroStrategy of these holdings before the company decided to buy bitcoin for itself".
LOL, looks like he front ran the company by taking a large position in his personal account just before he started buying in the company account.
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It seems he had over a Billion dollars profit on his 17,732 personal bitcoins at the ATHs. Not bad for holding for one year.
But currently his PnL on that position is 'only' +$160million.
HODL is just dumb because eventually the luck runs out...
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Could replace some of the short mstr shares with short deep itm calls. Interesting that the 10 strike Dec 2023 mstr puts are trading around $2. Means market thinks there's a greater than 20% chance it goes bankrupt by then.
