$Strategy (MSTR.US)$ I just had the time to sit though Saylo...
$Strategy (MSTR.US)$I just had the time to sit though Saylor's presentation and digest it. All I can say is it's mind blowing. He's essentially pumping in $42 billion through equity and bonds to buy more bitcoin in the next 3 years. That works out to an average $38. 4 million every day buying bitcoin for the next 3 years! Not to mention having to compete with the other bitcoin etfs for a limited supply of bitcoin. I see a supply shock coming in the near future.
What does that mean to the share price of microstrategy in the coming months ? Go figure, genius
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HMS Victorious
:
As he comments, banks aren’t valued by their equity. Microstrategy true value is much much higher than the book value of its bitcoin. He is a true genius.
Nobody Li : bullshit
HMS Victorious : As he comments, banks aren’t valued by their equity. Microstrategy true value is much much higher than the book value of its bitcoin. He is a true genius.
102566976 : Saylor's a mad man, that's for sure. Will he go down in history as the genius who bet it all on bitcoin or the wealth destroyer, who knows
RiskGame : It is not all usd42bn in btc. They have to refinance their debt, pay interests, salaries, other costs.
Still it will be a significant monthly buying pressure in addition to etf and other buyers. Blackrock ibit bought usd800m in Oct.
But, the price is not low anymore. Big whale sellers may take profits too.
overall, the buying power should be more than selling as more n more institutions get into the space.
CryptoBets : Rate are going down its good to pump micro and btc lets go all in all your assets and kidneys
CryptoBets : And microsoft is coming as they plan to add in bitcoin as their investment
all in
103809945 CryptoBets : the vote passed?
CryptoBets 103809945 : not yet just announce waiting for the board
Kinni420 CryptoBets : lol yes Kidneys

103809945 CryptoBets : thanks bro will do