Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 16/09/2020, 05:45:58 UTC
MicroStrategy did it again. they bought another 14k btc for $175mil.

they own 38250 btc now.

Michael Saylor is savage.

https://twitter.com/michael_saylor/status/1305850568531947520?s=21

My only question is why did they wait this long? Why weren't they buying this amount of bitcoin at a fraction of today's price back in 2013? Surely they knew about it then, they are an IT company.

Yeah, my thoughts exactly.

At one time you could have those coins for the price of 8 pizzas, and have a piece left for next morning...

Better late than never, though. Also applies to many of us, unfortunately.

It does seem a bit much, and perhaps sudden, but Saylor did seem  to have a change of heart (and thinking) over the years, and probably the money printer go bbbbbrrrrrr response to the virus had a pretty BIG impact on his thinking - but yeah, you would have thought that he would have figured it out sooner.

Also, even if Saylor may have been investing some of his personal assets in bitcoin on a more moderate and earlier basis, there may have been some reservations in terms of getting the company on board and making sure that the major investors were on board with such a bold approach, including a bold accompanying statement that went along with the first purchase in August.