Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
⭐ Merited by JayJuanGee (1)
Microstrategy’s team is so ‘elite’ they somehow skipped paying $4 billion in taxes.
So what does Michael Saylor do? Sells $4 billion in stock to plug the hole. Translation: they’re broke. Makes you wonder how he plans to cover bond payments when the next crypto winter hits — guess he’ll just dump more shares.
I get it, other investors get it — once Bitcoin tanks, MSTR will nosedive even harder.
Also fun fact: now they have to pay 15% every year on unrealized Bitcoin gains. Do the math — they’re on track to go bankrupt by the next halving.
And their actual business? Pulls in maybe 10% a year. Not exactly a fortress
So what does Michael Saylor do? Sells $4 billion in stock to plug the hole. Translation: they’re broke. Makes you wonder how he plans to cover bond payments when the next crypto winter hits — guess he’ll just dump more shares.
I get it, other investors get it — once Bitcoin tanks, MSTR will nosedive even harder.
Also fun fact: now they have to pay 15% every year on unrealized Bitcoin gains. Do the math — they’re on track to go bankrupt by the next halving.
And their actual business? Pulls in maybe 10% a year. Not exactly a fortress
Do you really hate Microstrategy that you don't know anything about the company and how Bitcoin is tax on cooperate companies?
Bitcoin isn't going to tank unless microstrategy sells their Bitcoin. You and I know that's ain't happening now, he says he is long term holder meaning that the company doesn't have plan to sell their Bitcoin and they can't do it privately, the public will know what's they are upto. I'm not sure if Micheal Saylor will is ready to bite the hands he husle to see Bitcoin at this price.
Secondly, there is nothing there to pay any tax on. Unrealize profits are not taxable until the Bitcoin is sold. Microstrategy will not be holding all that Bitcoin only to sell some now, maybe in the future but there is no annual tax to be paid aside the company itself but since they have not been profitable, there is no tax to be paid.
As long as Bitcoin is doing well, the MSTR share will continue toincrease, it will not tank because there is no any reason to sell. Investors will likely want to have that shares so they can be part of the Bitcoin Microstrategy is holding. Even if they sell more shares, the confidence will be there.
Maths don't lie, isn't?