And this is on the time when the price of Bitcoin increases so he's got the balls to accumulate when the prices are already more expensive.
Saylor doesn't care much about the entry price since he sees bitcoin as a long performing asset, and he is prepared to hedge his funds against inflation with bitcoin. I have heard him mention in one of his interviews that he plans to hold bitcoin forever, so he is a long-term holder and bitcoin tends to perform well on the long run, so the compounding effect of bitcoin price appreciation would surely apply to his investments and he would be very profitable on the long-run.
That is what he used to see now. He doesn't care nor his Microstrategy what's in it for the price of Bitcoin. This is the long term goal that they're having right now and so in terms of accumulation, they're at the best shape now.
Looking at the gains of their company, they mostly have got it with Bitcoin and so the buying continues. It won't be stopped and they will continue to do that for as long as they have the funds that are ready to purchase BTC.
I've also heard him say that he'll mostly hold forever but I cannot trust those words. It's the company's fund and so, if he's gone, it is MSTR's decision on how to dissolve or liquidate that.
He's on a race now and before any other big companies gets the most Bitcoin, it should be them at first.
I guess he's got a plan to be the first company to own a million Bitcoin and no other country nor company has done that ever Bitcoin. Except the lost Bitcoin's forever of satoshi.
And this is on the time when the price of Bitcoin increases so he's got the balls to accumulate when the prices are already more expensive.
Saylor once commented that he would worry going to bed at night that he didnt
have enough Bitcoin. That was mainly his personal HODL'ings.
Absolutely they will continue to buy, I would love to know if there is actually a
target or if there is no end target? I suppose if there is demand for their financial
products it will continue.
They have the balls to buy at $104k because it is cheaper now than it will
be in the future, just like the other price points they bought at sub $100k!
I believe him with that feeling. But there could be some exaggeration with that if people doesn't know him yet. He's always in interviews on the television shows and asked how much he sees BTC's price in the future.
As for target, they'll never say that if there is. But we have to remember it that they need to profit as well and give something to their shareholders.