Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
They paused their Bitcoin purchases last week, which is why they are one step behind the half million Bitcoin mark. This Bitcoin purchase has made them more confident that their company is well-suited to reach the pinnacle of success. However, I think the longer they delay reaching 1 million Bitcoin, the more money they may have to spend, because as time goes by, the price of Bitcoin is trending upwards.
They will have to follow one, two, or three more steps to reach half a million Bitcoin, relying on selling their company shares (or having companies/individuals lend them money without interest) to reach half a million Bitcoin. The faster they can sell their company shares, the faster they can raise money and reach half a million Bitcoin. They will reach half a million (.5 million) if they can buy 21,260 Bitcoins, but I think they will reach the pinnacle of success very quickly.
They will have to follow one, two, or three more steps to reach half a million Bitcoin, relying on selling their company shares (or having companies/individuals lend them money without interest) to reach half a million Bitcoin. The faster they can sell their company shares, the faster they can raise money and reach half a million Bitcoin. They will reach half a million (.5 million) if they can buy 21,260 Bitcoins, but I think they will reach the pinnacle of success very quickly.
Maybe they ran out of cash? No matter how hard MicroStrategy tries (now rebranded to Strategy), it will never be able to accumulate most of the circulating supply. The rest will be laid in the hands of the people. And for a good reason. We don't want Bitcoin to become centralized. Do we?
Besides, accumulating a large portion of the supply would be nothing more than an expensive move to make. The higher market prices go up in Fiat terms, the harder it will be to buy a whole BTC. At this pace, I think Strategy will become the richest company on Earth. Even more so than BlackRock. We'll see what happens in the long run.
