Quote from: JayJuanGee on December 16, 2024, 07:42:03 PM

I recall that when Saylor first got into bitcoin, he was frequently proclaiming bitcoin is going to double every year, since that was what the history showed, yet in recent times, he got more realistic, in terms of expecting a CAGR that slowly goes down in the amount, so that even if we might be in the 70% territory for our current CAGR, he is expecting a CAGR of something like 29% by 2045, which seems reasonable as a kind of working parameter.

Yes, at least he has changed some of the things he said. As you say he is projecting more realistic expectations, and he is also no longer recommending the average joe to mortgage his house to buy bitcoin, for example. The last gaffe he made was about self-custody, but he soon recanted.

Quote from: SuperBitMan on Today at 01:04:23 PM

$MSTR treasury operations delivered a BTC Yield of 72.4%, a net benefit of ~136,965 BTC to our shareholders. At $107K per BTC, that equates to ~$14.66 billion for the year.

I have noticed it. When I bought the shares the BTC per basic share was 0.0011 or 0.0012. Now it is 0.00180263. It is noticeable.

If you noticed the share price is pretty stable despite the rise in bitcoin price, and that's because Saylor keeps selling shares through the ATM to buy bitcoin. According to the latest press release:

Quote

As previously disclosed, on October 30, 2024, MicroStrategy Incorporated (“MicroStrategy” or the “Company”) entered into a Sales Agreement...
approximately $7.65 billion of Shares remained available for issuance and sale pursuant to the Sales Agreement.

Basically, of the $21B they planned to sell in 3 years with the ATM they have already sold $13.35B, which all indicates that they will have completed the target they originally planned to finish in 2026 by the first quarter of 2024. They also planned to raise $21B over three years with convertible notes but they are slower with them. In this case I think it is because the convertible notes compute as debt, while the ATM does not, you simply sell shares but instead of diluting the value of the share which is what happens in the rest of the companies, almost instantly increases the bitcoin yield. I don't think even Saylor expected the good reception of the ATM, which I seem to recall it is the hugest in history, and who knows how much he will be able to raise in 2025.

As a shareholder I don't mind if the stock stays stable while the bitcoin price goes up, because I get more BTC per share, and bitcoin is worth more and more. But I think when the stock goes up it's going to do like a X10 in no time.

Quote from: Wind_FURY on Today at 03:39:28 PM

Chad Saylor is doing the Chad move by front-running the United States government. If the governments from the different regions of the world actually start accumulating Bitcoin as a "reserve", Chad Saylor's "gamble" will be written in trading and investment books as one of the greatest risk-taking moments in history. Perhaps something like John D. Rockefeller with his massive oil pipelines bet or Cornelius Vanderbilt's risk on the rail road system.

Saylor perhaps isn't doing it for the money, he's doing it to prove a point?

👀

Something similar to Rockefeller or Vanderbilt I think, and he himself has talked about Rockefeller's example with oil to pose an analog with what he is doing with MSTR as a bitcoin treasury company.

But I think otherwise, no matter how much Trump issues an executive order to buy on the day he takes office, and subsequently Congress approves Lummis' proposal to buy 1M bitcoin in 5 years, that would mean buying a total of 200K bitcoins in 2025. Which added to the nearly 200K that USA has would make a total of 400K in 2025.

As of today MSTR has 439K and by January it will have 500K. This is huge I think. That is why I think that when the price of MSTR goes up it will be like a SpaceX rocket.