~$6.6b in like a week. He’s clearly acting with some urgency. The $21b will be used far quicker than 3 years if he stays anywhere near this pace.
seriously, when is the OTC desk going to run out of BTC? All this buying has got to be drying up that well fast
I believe he said he spoke to many of his MSTR stock investors and they want him to accumulate as much as possible while the price is still "low", basically before nation states start buying BTC publicly
i bought heavy into MSTU about 1 month ago and it's up 244% as of today...nothing can stop the stock price except the ATM (which is accretive to shareholders)
I do plan to move from MSTU to MSTR, perhaps in Dec after the QQQ has added all their shares for MSTR...that's going to make MSTR going nuts
there are quite a few reasons to invest in MSTR over BTC, but to be clear, there's nothing wrong w/ just investing in BTC MSTR is basically having Saylor invest on our behalf MSTR can also be added to Index funds like QQQ (which should be happening on 11/29) and it's already part of several funds MSTR can also raise debt, do ATM offerings, etc... to buy more BTC if you have the time, i'd strongly recommend you watch this video from the earnings call a couple of weeks back in 2x mode, it's worth the time - Saylor does a phenomenal job explaining what MSTR is doing and how it is different than anything else out there
No top is after Cardano becomes second best crypto after Charles puts US voting system on the blockchain for Trump.
O no we still have Cardano truthers. I am just sitting here alone saying litecoin is still good and no one even cares about little old life coin its sad but I love it.
Since August 10, 2020 (date of MSTR adopting btc strategy), the stock has gone from $13 per share to $477 per share. Seems decent.
my MSTU is +400% in a little over a month...it's absolutely crazy what is happening w/ MSTR everyone sitting on the sidelines is going to be so sad
Don’t you have to babysit these leveraged positions that have an already volatile underlying asset/stock? It can go real bad real quick, right?
absolutely, i won't stay in MSTU forever, but I will until at least mid/end of Dec after the QQQ buys finish
Leveraged products should be held and evaluated daily, and are not effective long term holds (generally speaking).
100k could be happening tonight but I hope we get a ton of sells and get to low 90s at some time Thursday afternoon...
I get a kick out of ppl still using “crypto bro” pejoratively. In 10-20yrs it’ll be like calling someone a “bond bro” or “401k bro”. Devastating.
Just realized I have a random 23 doge in binance wallet I was playing with in 2020. Like finding a crisp $9 bill in an old winter coat
And by the way my bb litecoin may hit 90 again soon. Why do I like litecoin? Because it functions better than bitcoin but lacks first mover advantage. That said it was I think the second crypto so its not like its a random shitcoin trading ERC20. For every *sports* transaction I do with friends in Moldova and Costa Rica I use LTC and it is cheaper and faster than BTC...
companies jumping on the BTC train finally will be very curious what happens with this Microsoft vote. I don't expect it to pass but curious how close the voting is
I have no expectation of Microsoft buying btc anytime soon. Still just good that some random shareholder put the issue front and center.
None. Buy and hold btc. If you're forced to gamble on alts, then maybe Solana, but you've already missed a shitload of the returns this cycle.