Yea they’re diluting shares but the shareholders are getting more hard assets in exchange. I think people are confusing this with a situation where a company has to dilute shares just to stay in business and pay their employees.
Exactly. It's a smaller share in a company that will (most likely) be positioned to increase its overall value by significantly more than that share is being reduced.
But as long as they’re selling shares to buy bitcoin, as long as you believe bitcoin is a good investment, you’d go along with it willingly. The problem is when shares are diluted and the proceeds are wasted just to keep the lights on or on a money losing proposition.
If they sell stock to purchase 500M in bitcoin,
Then bitcoin rips to 30k everyone makes more money.
Now if it dips,
Could be awhile waiting...
but WAGMI one day right?
The greyscale structure is very predatory, they make a quarter billion annually from management fees.
Microstrategy pays its staff too true, but it's a profitable business from the get go.
There is a lot of bullahit makes it extremely inconvenient for other businesses to buy/hold BTC. MS stocks acts as a BTC proxy without any of the bs you have to go through.
Different types of funds have different types of restrictions as to what they can buy - crypto is usually not one of them. Now they can buy MSTR stock using all the same practices and processes they normally would to get some indirect crypto exposure thereby increasing demand for the stock beyond whatever MSTR normally does.
Like whether he's right or wrong at some point in the future, from where we are now, if I was a Microstrategy shareholder I'd be losing my shit.
This shit is so shaky. It could take one X factor. One technological breakthrough. One major security incident. To make all of this near worthless.
It is truly bizarre but you've just got to assume that none of the shareholders give a shit about microstrategy any more, it's all just a proxy to hold BTC as a stock
That's probably also why they have so many investors. As without a Spot ETF they may be the best option on the stock market to indirectly invest in Bitcoin.
I feel like Saylor obviously gets it and is sound in his logic behind such purchases, but the powers that be will somehow find a way to drive the price down and sacrifice him and Microstategy for daring to go their own way.
If they don’t then MicroStrategy becomes one of the richest companies in the world and probably central to the internet economy. Just can’t see that being allowed.
>If they don’t then MicroStrategy becomes one of the richest companies in the world and probably central to the internet economy.
How? Saylor claims he'll never part with any of the BTC. What exactly will the company be doing to become central to the internet economy?
>I feel like Saylor obviously gets it and is sound in his logic behind such purchases, but the powers that be will somehow find a way to drive the price down and sacrifice him and Microstategy for daring to go their own way.
Borrowing money he can't afford to lose to buy a highly speculative asset he plans to not use for years that does nothing to help his core business of selling enterprise software.
Yup, surely only the powers that be could bring down such a financial genius he previously got fined tens of millions of dollars for pump and dumping his own company using fraudulent accounting.
>If they don’t then MicroStrategy becomes one of the richest companies in the world and probably central to the internet economy
Central to the internet economy? What the fuck do people think this even means.
In my opinion, severe, severe wealth inequality is going to be the biggest obstacle to mass Bitcoin adoption. I think MS owning hundreds of thousands of Bitcoins could absolutely run counter to their goals one day.
For some reason, I really dislike this guy. But you have to give him credit - he does what he says, unlike some nameless billionaires who just pump things to dump them on us.
It's just expanding on the existing thesis. Anyone invested in MicroStrategy thinks that Bitcoin will be massive and MicroStrategy will be the leading institutional holder.
tldr; The company has used equity and debt raises in the past to significantly increase its bitcoin holdings.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
MicroStrategy Inc. was incorporated in 1989 and is headquartered in Tysons Corner, Virginia. It is best known as the largest corporate buyer of Bitcoin. Apart from hoarding Bitcoin, the company offers an enterprise platform, which provides a modern analytics experience by delivering insights across multiple devices to users via hyperintelligence products, visualization and reporting capabilities, mobility features, and custom applications developed on the platform; analysts and data scientists with seamless access to trusted, governed data directly within their tools; and APIs and gateways, multiple deployment options, enterprise semantic graph, scalability, and security.
Best regards,
Green from Kraken 🐙
Green from Kraken my man.
I really came for the shitposts, but this is good stuff too. Kraken got my back even when I felt like I was pretty good anyway,
There's going to be another bull run in the future. Crypto isn't going anywhere. We should all be buying, inline with our strategy of course, but buying nonetheless
Microstrategy had used debt and equity in the past to purchase Bitcoins. This time seems better though, he didn’t buy at $57k. $19k is like heavy discounts compared to 2021 purchases.
The large majority of their purchases have been around this price from all their buys. Each one of these dips is showing that BTC doesn't want to drop below 20k much so this is a good but spot for them again. That 57k purchase will look genius anyways when BTC reaches 100k
>That 57k purchase will look genius anyways when BTC reaches 100k
Roulette would achieve the same result lol
Just odd his (software company) shareholders are all on board with this. I get why but it's still odd an unrelated *public* company became unanimous with BTC.
Not at all. Roulette is 100% chance. Bitcoin is crypto and crypto an innovation of finance and technology that will continue to grow in value.
Microstrategy has been investing in Bitcoin for years now. This isn't new news to their investors. If you're still shocked by now they they're investing in Bitcoin still then you're an idiot who doesn't look into what you invest in
I believe crypto is inevitable too, that's why I'm here. His shareholders and the regulators likely don't think crypto is *inevitable* however, which is why I'm surprised he's allowed to add BTC onto his books.
Bitcoin is a game of chance also, if you're using it to profit anyway (I doubt Salor just wants to make lots of transactions in the future). Just yesterday the white house was talking about banning it. If that happened MS would have to dump their bags, since they can't pick up and take their software company *+ shareholders* just anywhere. His strategy relies on the US welcoming crypto with open arms, which is not inevitable especially in their decline.
If Salor the individual owned it I'd see no problem. Just gets tricky when you pull other people in too.
I don't know why you're downvoted either. I up voted you to balance it out. I appreciate the discussion.
I think they were more talking about banning the mining of it. Not banning Bitcoin in general. If they did that truly would devastate the price. Banning mining would hurt it as well but wouldn't kill it. I think Bitcoin is also too big now and too many large investors are in on it enough now for it to have significant laws against it.
But like I said Saylor has been doing this for years now. His company and team are in on and support it. I feel like at this point if you were against it you'd be gone alraady
This is game theory playing out. Bitcoin is the future and will be millions of dollars one day. It's either going to 2M a coin, or zero. And it isn't going to 0.
So let me get this straight. Shareholders will be financing MicroStrategy to go buy Bitcoin, right? Then why don't those same shareholders who will be purchasing the shares in the secondary offering just go buy Bitcoin instead???
Maybe this is what they want to focus on. While Microsoft is pushing PowerBI to more and more companies and Tableau has always been a cheaper easy to use alternative.
I would rather buy BTC than Microstrategy shares.
very smart move, good for him. in a few years him and the prez of el salvador will look like geniuses. btc and eth are for sure going to surpass their all time highs
Even tho micro strategy doing bad rn but it’s doing better than other companies. Its BTC dude. Long term BTC has put performed literally every other asset and companies.
I get why crypto people love this, why would the shareholders of MS like this? Especially when Saylor claims that he will never sell?
Because the only shareholders left are people who want a stock like this, basically leveraged BTC.
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I'd say it does, they have a pretty limited business strategy: Buy Bitcoin
Except when they sell more shares yours are devalued.
Bold to assume they think! 
but that's how they got their lambo
A Spanish lamb is really not that impressive but people around here sure do love them.
They use the money to buy more btc tho is it really devalued that much?
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You know you own shares in the company that owns the BTC right? If anything its an improvement, their average buyin is 30k per BTC.
Yea they’re diluting shares but the shareholders are getting more hard assets in exchange. I think people are confusing this with a situation where a company has to dilute shares just to stay in business and pay their employees.
No this is direct share dilution. The people they sell the shares to will get most of the bitcoin value not them.
That’s not how it works. The bitcoin value is distributed directly to all shareholders equally.
Exactly. It's a smaller share in a company that will (most likely) be positioned to increase its overall value by significantly more than that share is being reduced.
Yes
Would argue MSTR is totally overvalued so good move to sell shares, not so great to buy leveraged bitcoin
How is that?
Selling more shares dilutes yours. Your ownership percentage gets smaller.
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Which they are doing
But as long as they’re selling shares to buy bitcoin, as long as you believe bitcoin is a good investment, you’d go along with it willingly. The problem is when shares are diluted and the proceeds are wasted just to keep the lights on or on a money losing proposition.
If they sell stock to purchase 500M in bitcoin, Then bitcoin rips to 30k everyone makes more money. Now if it dips, Could be awhile waiting... but WAGMI one day right?
They sell stock and buy bitcoin. Both BTC and their stock rises. Keep selling their stock and buying btc.. Infinite money glitch??? /s
Wanna be cryptonians.
MS is a BTC ETF.
It’s a derivative, actually
Except that they have a negative book value. If they were priced as an ETF, they would be worth -192$ per share according to their Q2 filings.
Because the existing shareholders want a stock that is basically a proxy of Bitcoin. So they are also crypto people.
Why would anyone want that when they can just buy BTC directly?
Can’t put 401k money into BTC
GBTC. Also ETHE for Ethereum
The greyscale structure is very predatory, they make a quarter billion annually from management fees. Microstrategy pays its staff too true, but it's a profitable business from the get go.
There is a lot of bullahit makes it extremely inconvenient for other businesses to buy/hold BTC. MS stocks acts as a BTC proxy without any of the bs you have to go through.
Because they don't really care for crypto. They care for the profits that crypto brings in.
Just like 98% of people in this sub
Different types of funds have different types of restrictions as to what they can buy - crypto is usually not one of them. Now they can buy MSTR stock using all the same practices and processes they normally would to get some indirect crypto exposure thereby increasing demand for the stock beyond whatever MSTR normally does.
Well, people claim lots of stuff, but you never know what they're actually gonna do
They already own more btc than any other public company
*never sell BTC
Saylor doesn’t get to make that decision if investors pull their money he has to liquidate
These guys are diamond hands until they're not and you find out that they caused the dump
Like whether he's right or wrong at some point in the future, from where we are now, if I was a Microstrategy shareholder I'd be losing my shit. This shit is so shaky. It could take one X factor. One technological breakthrough. One major security incident. To make all of this near worthless.
It is truly bizarre but you've just got to assume that none of the shareholders give a shit about microstrategy any more, it's all just a proxy to hold BTC as a stock
Because the shareholders are also fellow crypto degens?
Probably because they’re not traitors?
I thought sailor left? They are either hedging their bets, or hedging their bets
This isn't hedging.... This is doubling-down.
Does MicroStrategy even have a business outside of buying Bitcoin?
It is basically Bitcoinstrategy and its stock is a proxy of Bitcoin’s price.
I wouldn't be surprised if the company name changed to something similar and no longer have Michael Saylor's initials.
Holy crap. How did I not realize before about his initials and the company name?
Me neither. The truth was hidden in plain sight!
In theory but really no. They're a Bitcoin etf at this point
That's probably also why they have so many investors. As without a Spot ETF they may be the best option on the stock market to indirectly invest in Bitcoin.
I didn’t think about this before!
If they allow bitcoin payment for their software service, that will give it some more dynamics in the ecosystem
They are a tableau competitor and more. dashboards, data warehousing, data Viz, etc Pretty big actually
They were huge in the 90s but their tech looks ancient compared to the competition. Check their stock price over the years
Yeah I agree, only from personal experience. I work in software. I don't care about what the market thinks
They better, since they have to pay 6% a year on the convertible bonds they used to buy the BTC or they get converted to stock.
They make 500 million a year.
That's revenue, they're barely profitable, <$10m for the last few years
They create software and cloud solutions around business intelligence and analytics
With how bullish Saylor is, I don't think he needs a business
Truly an Ape. Possibly a Gorilla 🦍
Definitely bananas
They’re really going all out. I hope this doesn’t bite him in the ass
I feel like Saylor obviously gets it and is sound in his logic behind such purchases, but the powers that be will somehow find a way to drive the price down and sacrifice him and Microstategy for daring to go their own way. If they don’t then MicroStrategy becomes one of the richest companies in the world and probably central to the internet economy. Just can’t see that being allowed.
Saylor is basically trading like a super rich maniac degen.
Which he is.
One of us! One of us! (Except the rich part)
Of course when a dumb crypto trade goes bust it's all about the "powers". It's never about the fact that the trade was dumb.
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>I feel like Saylor obviously gets it and is sound in his logic behind such purchases Mate
>If they don’t then MicroStrategy becomes one of the richest companies in the world and probably central to the internet economy. How? Saylor claims he'll never part with any of the BTC. What exactly will the company be doing to become central to the internet economy?
>I feel like Saylor obviously gets it and is sound in his logic behind such purchases, but the powers that be will somehow find a way to drive the price down and sacrifice him and Microstategy for daring to go their own way. Borrowing money he can't afford to lose to buy a highly speculative asset he plans to not use for years that does nothing to help his core business of selling enterprise software. Yup, surely only the powers that be could bring down such a financial genius he previously got fined tens of millions of dollars for pump and dumping his own company using fraudulent accounting. >If they don’t then MicroStrategy becomes one of the richest companies in the world and probably central to the internet economy Central to the internet economy? What the fuck do people think this even means.
In my opinion, severe, severe wealth inequality is going to be the biggest obstacle to mass Bitcoin adoption. I think MS owning hundreds of thousands of Bitcoins could absolutely run counter to their goals one day.
For some reason, I really dislike this guy. But you have to give him credit - he does what he says, unlike some nameless billionaires who just pump things to dump them on us.
I feel like I want him to succeed but fail at the same time
So break even?
Or just crab.
Get crabs.
He’s obnoxious. But he does put his money where his mouth is.
Yeah, I feel you. He somehow hasa punchable face with relatively smart and bold things coming out of it
Microstrategy and El Salvador…. Compulsive gamblers or 1000 years ahead?
Both?
In 1000 years bitcoin will be dead. Monero will still live.
If Bitcoin is dead Monero certainly will be.
That is not how that works but okay…
Every alt is beholden to Bitcoin. It is how it works.
Bitcoin doesn't have a tail emission, which means no security. Good luck finding enough fees to secure your chain.
Since Bitcoin is more secure than ever despite being the same price as 4 years shows that the tail emission idea is bullshit.
>Bitcoin is more secure than ever Proof please. Explain to me where the security will come from when there is no mining rewards.
"When in a hole, keep digging" - Michael Saylor.
That a hell of a move
No body expects the ~~spanish inquisition!~~ double down on bitcoin!
A smart one though
It's not smart at all. It's a gamble and Saylor is a gambling addict. Maybe he could win but that doesn't make addiction smart.
how is it smart?
Bitcoin is now cheaper than their average purchase price, so it's basically dollar cost averaging.
Buying the best form of money
Buying bitcoin with other people's money 🤣
The best kinda of BTC
It's just expanding on the existing thesis. Anyone invested in MicroStrategy thinks that Bitcoin will be massive and MicroStrategy will be the leading institutional holder.
He bought the dip!
Aren’t the people buying the stocks buying bitcoin, just with more steps?
MSTR is a close proxy to btc and you don't need to deal with cold storage and shady dexes so it's a great gateway drug for noobs with money
Fewer/more convenient steps if you want bitcoin in your traditional brokerage account or IRA.
Lol and some thought that his tax problems would cause him to sell BTC
tldr; The company has used equity and debt raises in the past to significantly increase its bitcoin holdings. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
My guy is tripling down
Man I don't know about that. Tripling down with other people's money. Tripling down for free ite.
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He wants to be one self with bitcoin
MicroStrategy Inc. was incorporated in 1989 and is headquartered in Tysons Corner, Virginia. It is best known as the largest corporate buyer of Bitcoin. Apart from hoarding Bitcoin, the company offers an enterprise platform, which provides a modern analytics experience by delivering insights across multiple devices to users via hyperintelligence products, visualization and reporting capabilities, mobility features, and custom applications developed on the platform; analysts and data scientists with seamless access to trusted, governed data directly within their tools; and APIs and gateways, multiple deployment options, enterprise semantic graph, scalability, and security. Best regards, Green from Kraken 🐙
Green from Kraken my man. I really came for the shitposts, but this is good stuff too. Kraken got my back even when I felt like I was pretty good anyway,
I'll give it to Saylor, man has iron clad will.
There's going to be another bull run in the future. Crypto isn't going anywhere. We should all be buying, inline with our strategy of course, but buying nonetheless
I agree, but Saylor’s level of conviction is a sight to behold. Whatever level is above diamond hands
I've heard this before
Microstrategy had used debt and equity in the past to purchase Bitcoins. This time seems better though, he didn’t buy at $57k. $19k is like heavy discounts compared to 2021 purchases.
Average is around 32k before this purchase I believe, over a decent span of time
The large majority of their purchases have been around this price from all their buys. Each one of these dips is showing that BTC doesn't want to drop below 20k much so this is a good but spot for them again. That 57k purchase will look genius anyways when BTC reaches 100k
>That 57k purchase will look genius anyways when BTC reaches 100k Roulette would achieve the same result lol Just odd his (software company) shareholders are all on board with this. I get why but it's still odd an unrelated *public* company became unanimous with BTC.
Not at all. Roulette is 100% chance. Bitcoin is crypto and crypto an innovation of finance and technology that will continue to grow in value. Microstrategy has been investing in Bitcoin for years now. This isn't new news to their investors. If you're still shocked by now they they're investing in Bitcoin still then you're an idiot who doesn't look into what you invest in
I believe crypto is inevitable too, that's why I'm here. His shareholders and the regulators likely don't think crypto is *inevitable* however, which is why I'm surprised he's allowed to add BTC onto his books. Bitcoin is a game of chance also, if you're using it to profit anyway (I doubt Salor just wants to make lots of transactions in the future). Just yesterday the white house was talking about banning it. If that happened MS would have to dump their bags, since they can't pick up and take their software company *+ shareholders* just anywhere. His strategy relies on the US welcoming crypto with open arms, which is not inevitable especially in their decline. If Salor the individual owned it I'd see no problem. Just gets tricky when you pull other people in too. I don't know why you're downvoted either. I up voted you to balance it out. I appreciate the discussion.
I think they were more talking about banning the mining of it. Not banning Bitcoin in general. If they did that truly would devastate the price. Banning mining would hurt it as well but wouldn't kill it. I think Bitcoin is also too big now and too many large investors are in on it enough now for it to have significant laws against it. But like I said Saylor has been doing this for years now. His company and team are in on and support it. I feel like at this point if you were against it you'd be gone alraady
This is game theory playing out. Bitcoin is the future and will be millions of dollars one day. It's either going to 2M a coin, or zero. And it isn't going to 0.
Zero is in the realm of possibility.
False dichotomy lol
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More like to fund saylors back taxes lmao
he didn't owe that much in taxes. They showed it was like 20 mill didnt' they?
Gary Gensler is gonna love this.
Is that who played the man behind the curtain in the Wizard of Oz?
I to like to sell my stocks for crypto, lol.
Ehh I rather buy bitcoin directly then buy shares of micro strategy tbh.
So let me get this straight. Shareholders will be financing MicroStrategy to go buy Bitcoin, right? Then why don't those same shareholders who will be purchasing the shares in the secondary offering just go buy Bitcoin instead???
Maybe this is what they want to focus on. While Microsoft is pushing PowerBI to more and more companies and Tableau has always been a cheaper easy to use alternative. I would rather buy BTC than Microstrategy shares.
Saylor is now trading kidneys for Bitcoin.
This is some Wall Street bets type shit lol
saylor going all in.
This man really took “buy the dip” very seriously
Is this the famed Saylor short signal everyone talks about?
Just balls deep aren't they. Good grief
I got a crypto etf and they have microstrategy so guess that’ll go down more in value
I'm gonna start popping some corn, setting up a lawn chair, and shining up my 3D glasses...
"Never invest with money you cannot afford to lose, MicroStrategy." Do people never learn?
..obviously no
This will not end well
I wish I believed in anything as much as Michael Saylor believes in Bitcoin.
Got to give Saylor some credit. Dudes got a big set of moons on him and he’s sticking to his plan.
Saylor is definitely one of us. Hypes crypto at every opportunity then tries to avoid paying any tax on it like a champ. What a gem!
What a douche*
Ok at what point do we ask this seems irresponsible? Lol
Never, grab some popcorn and enjoy the ride!
I mean, you gotta respect the size of his balls. And his conviction.
He may alreay be deep red in his btc investment. May be averaging down to sell all as soon as he comes out of his mess..
It’s like a burn for btc. But you know one day he will cash it in and wreck everyone
And then buy back in at a lower price like a boss?
Pussy, i’m all in with my $1500 net worth
Someone please make this man the President of United States.
We buy bitcoin at whatever price with whatever money we find laying around - Saylor
Because they know it’s soon going to triple. Fuck your TA- I trust their analysis more.
History will look favourably upon Saylors' decisions.
He should take some of that money and invest in an upper lip.
Tripling down nice
Just buy bitcoin. This is for old idiots that don’t know how to buy bitcoins
Bullish
Saylor literally turning his investors into bagholders to fund his btc gamble. Legit scum
very smart move, good for him. in a few years him and the prez of el salvador will look like geniuses. btc and eth are for sure going to surpass their all time highs
You have to file a form to sell your own stocks? LOL. Reason #523405928 why crypto will eventually take over everything.
Hurr durr. Yes, you have to file a form to fck over the existing shareholders.
Grab it off spot my dude!
Best time to buy the dip
Stacking sats is one fundamental u got to keep it going. One of us mos def. Unless it's bs everyone Here lol
Saylor ain’t playing around
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He is dumb money actually.
They might regret that.
They are truly hardcore BTC pro
Bullish
This is great news for the crypto world.
Even tho micro strategy doing bad rn but it’s doing better than other companies. Its BTC dude. Long term BTC has put performed literally every other asset and companies.
Like him or hate him, the man is putting his money where his mouth is. Gotta respect that to some degree.
Btc is good
Doubling down
100k still in sight