Quote from: bitgov on May 12, 2022, 06:43:11 AM

Quote from: fillippone on August 11, 2020, 01:52:51 PM

Third Buy:

Did they sell off there btc when price was All Time High in Nov 2021 i.e. 68k$? They have made a good move by investing in bitcoin at 19k$. Even if they have it today they can sell and get profit. I m new to this thread so won't have idea if they still have it or sold.

MSTR has engaged in a fairly aggressive bitcoin accumulation strategy that has been suggested to rise to the level of a speculative attack on the dollar.

In other words, their first couple of BTC purchases (before the 3rd one in the $19ks) had been right around $10k, and from the start they used decently large portions of their cash reserves initially and then their cashflow subsequently.

Furthermore, they have created investment bonds, encumbered some of their business equity, gotten loans for the purpose of buying BTC, and increasingly put themselves into both debt and also various ways of leveraging long..

Yeah, sure they could shave of some of their BTC and still be in profits on those BTC that they sell, yet if you had not noticed the ideology of MSTR - including but not limited to their leader (Saylor) is not getting caught up in short-to-medium term valuations of BTC in terms of dollars, but instead a kind of longer term play that continues to acquire the asset as if it were the scarce real estate analogy that Saylor employs when talking about bitcoin.

You likely realize that Saylor is far from secret about his views, and essentially has been suggesting that his (and MSTR's) style of aggressiveness should be replicated by others - and he has been pretty damned vocal since around the same time as his Company's first BTC purchase in August 2020 (that spurred fillippone into making this thread too).

Selling for short-term good feelings does not conform with his way of approaching bitcoin as an asset, and surely I have criticized Saylor on a number of occasions for being way more bullish than I would recommend - and especially such an approach would not be as applicable for the vast majority of normies, yet I would not consider that Saylor has even gotten close to putting himself in a pickle - yet even if the public and some of his shareholders likely get nervous about outrageous negative BTC price performance.. that happens sometimes, and maybe has been happening a bit more at this particular stage of bitcoin's market growth than what had been expected.

Another matter is that Saylor (and MSTR) made quite a few BTC purchases (levered as well) in ways that did not appear to have any level of sensitivity to BTC prices, so even though several of his earlier purchases that were employed without leverage and also with excess cash that was available are well into the green, several of his later purchases were made at much higher prices and with leverage - and sure in retrospect, we might consider that he might have been a bit better off to have attempted to strategize buying on the dip a wee bit more, but just Saylor's overall approach and bullish mindset in regards to bitcoin has not allowed him to be price sensitive in any kind of mere mortal way or even in the ways that normies should probably be a bit more price sensitive than Saylor has demonstrated.

Don't get me wrong, I consider Saylor to be smart as fuck in a lot of ways in regards to creating and employing innovative financial instruments to accumulate more BTC, while I have been having my doubts about whether Saylor might have learned any lessons in terms of better approaches to accumulate BTC - or if his (and MSTR's) current seemingly somewhat stressed financial position might not cause him to adapt some of his seemingly gambling (in the sense of overly leveraging) ways. I am not even patronizing because I am pretty sure that Saylor had already recognize some aspects of these kinds of risks that the BTC price might go down rather than up or sideways, but still there could be some ways that Saylor might either recalculate getting into further buys (such as employing a somewhat HODLer short-term strategy) or just being a bit more strategic on some of his buys in terms of attempting to buy on dips with some of the potential shorter term BTC purchases that he might make.

Guys can speculate in regards to how selling might be one of the additional tools that Saylor (MSTR) could employ because there seems to be some kind of fantasy about selling BTC to be part of the Saylor (MSTR)'s portfolio management, and it just seems doubtful to me that selling would be any kind of significant or meaningful way of managing MSTR's portfolio.. at least not at these prices.. but maybe if the BTC price goes back up into the $50ks or higher maybe Saylor might consider some kind of selling to be prudent - yet based on pretty strongly held and seemingly consistent statements that Saylor has made, I have my doubts in that regards to him even considering selling BTC in the $100k or $1million price ranges.. and sure, maybe I am misreading him a wee bit in terms of his ideas in regards to the employment of some selling to be healthy for his overall portfolio..