Post
Topic
Board Economics
Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
by
Poker Player
on 27/01/2022, 07:05:19 UTC
There's a reason why Microstrategy is falling like a rock: the GAAP accounting of their BTC stsh is going to hurt them on next earning report:

MicroStrategy Plummets as SEC Rejects Its Bitcoin Accounting (3)

Just a quick comment to say that I had some MSTR shares, and I sold them close to last year's top. Lol.

I had some expenses to make, and I sold the shares of this and other companies. I made the expenses and the money that was left over I squandered. At that time I thought about whether I had done wrong, because if you are a good investor, when you have money in the asset column you should never leave that column. In any case you can sell to buy other assets.

Seeing how MSTR shares and the market in general have been doing, I don't regret it at all.