Re: Did I do the right thing? I bought shares of MicroStrategy.
Some time ago I bought some shares of Microstrategy. The reason was that I had other stocks and mutual funds and I wanted to own shares of some company that was heavily exposed to Bitcoin.
After buying them, I sometimes doubt if I did the right thing. On the one hand there are those who say that to buy MSTR shares, you better buy Bitcoin directly and that's it. But on the other hand, there are those who say that since MSTR is a company that takes on a lot of debt to buy Bitcoin, it can bring higher potential profits.
So far it seems to have gone well for Saylor:
Earlier today it emerged that he has bought more Bitcoin:
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The important thing is the financing of the purchase: they purchased the Bitcoin with the ATM facility, or the possibility to issue new shares "on the fly" to buy more bitcoins: they raised capital during the third capital issuing new shares at an average price of 753 USD, raising 177.5 USD, and using 177 of those (ah... the juicy fees!) to buy the bitcoins on Coinbase:
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This is the first time they are using this facility.
It looks like he's not going to stop buying every last penny (funny):
Do you think it was a good idea to buy a few shares? I guess it would be stupid if I had bought only MSTR shares and didn't have any Bitcoin, but having Bitcoin (and I keep buying), I guess it's not such a bad idea.
After buying them, I sometimes doubt if I did the right thing. On the one hand there are those who say that to buy MSTR shares, you better buy Bitcoin directly and that's it. But on the other hand, there are those who say that since MSTR is a company that takes on a lot of debt to buy Bitcoin, it can bring higher potential profits.
So far it seems to have gone well for Saylor:
Michael Saylor is gaining both sides with more and more btc accumulation and now the company holds more than 100k bitcoins as AUM but we can't ignore his other profits like this one :
He holds 40k approximately share of MicroStrategy at $728 and his moves are making some hype in the market and his debt financing has raised some issues to which he replied investing in early days of Facebook to be a pioneer in future.
He holds 40k approximately share of MicroStrategy at $728 and his moves are making some hype in the market and his debt financing has raised some issues to which he replied investing in early days of Facebook to be a pioneer in future.
Earlier today it emerged that he has bought more Bitcoin:
MicroStrategy acquired an additional 3,907 BTC at a price of $45,294 per BTC for about $177 million, thus the total volume held by the company as of August 24 reached 108,992 BTC.
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The important thing is the financing of the purchase: they purchased the Bitcoin with the ATM facility, or the possibility to issue new shares "on the fly" to buy more bitcoins: they raised capital during the third capital issuing new shares at an average price of 753 USD, raising 177.5 USD, and using 177 of those (ah... the juicy fees!) to buy the bitcoins on Coinbase:
<...>
This is the first time they are using this facility.
It looks like he's not going to stop buying every last penny (funny):
Do you think it was a good idea to buy a few shares? I guess it would be stupid if I had bought only MSTR shares and didn't have any Bitcoin, but having Bitcoin (and I keep buying), I guess it's not such a bad idea.
For now I think it's safer if you buy bitcoin, than buying microstrategy stocks or other stocks, even though you want to own some shares of the company, but nowadays bitcoin is much more profitable than buying those stocks.
This month bitcoin has given the best value on the market, many people even predict the price of bitcoin by the end of the year will reach 1 trillion, this is very likely to happen if you look at market conditions and investors who have started to be interested in investing in bitcoin, compared to buying stocks that have not Certain.