Absolute mad man, but you gotta love it.
@saylor
MicroStrategy has acquired an additional 5,445 BTC for ~$147.3 million at an average price of $27,053 per #bitcoin . As of 9/24/23 @MicroStrategy hodls 158,245 $BTC acquired for ~$4.68 billion at an average price of $29,582 per bitcoin. $MSTR
https://t.co/GbJtUoQfXvhttps://x.com/saylor/status/1706278284651077714If it mooned to 200k he would go from 4.68 billion to over 26 billion
My maths must be different from your maths.
Here's my proofs of work:
I get $31.64 Billion. (but hey what is a $5.64 billion difference between friends?)
Here is how it can be done:
$200k / $29,582 = 6.76
6.76 x $4.68 billion = $31.64 billion
Absolute mad man, but you gotta love it.
@saylor
MicroStrategy has acquired an additional 5,445 BTC for ~$147.3 million at an average price of $27,053 per #bitcoin . As of 9/24/23 @MicroStrategy hodls 158,245 $BTC acquired for ~$4.68 billion at an average price of $29,582 per bitcoin. $MSTR
https://t.co/GbJtUoQfXvhttps://x.com/saylor/status/1706278284651077714They're the smartest guys! They are buying during dips and I believe the price of Bitcoin is very low and they know that they will make a lot of profits during the next bull run. In just 1-2 years they may make more than 100% profit from their acquisition, but I'm sure they will still hold their coins for longer periods and may sell some of their holdings at peak of bull run.
I can imagine how much profit they will make in the next bull run because that is a lot of money. They have a lot of money to immediately buy bitcoin at low prices but we can also buy it like them even though we can only buy it little by little.
And even though they only sell a portion of the total, they still make huge profits that can be shared with all their shareholders while they can still buy more in the next bear market.
It may be different but we will benefit from the next bull run.
You believe that MSTR needs to sell in order that either they or their shareholders would be able to profit?
That's interesting.