The company is currently sitting on 0.728% of the total 21 million BTC
The second largest holder, Marathon Digital, doesn't even have 0.06% ownership yet.
YES, IT'S THE MACROSTRATEGY90.9%
NOPE, NEVER, UNACHIEVABLE9.1%
11 votes \ poll ended
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21 sats \ 2 replies \ @BBitcoinUSA 3 Aug 2023
They’d only need another $2bn USD or so, and along with the $750mm they just raised in new equity I don’t think 1% is that difficult to achieve. I believe the operating company itself generates a decent amount of free cash flow as well, haven’t looked at it in a while.
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9 sats \ 1 reply \ @birdeye21 OP 3 Aug 2023
any guess on where their percentage ownership tops out?
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0 sats \ 0 replies \ @BBitcoinUSA 4 Aug 2023
It’s a tough prediction because we’d have to accurately forecast the price of a bitcoin, but the company has said publicly that their target working capital reserves ie cash held in $Fiat, is about $40-$50mm, so we can assume they’ll continue to acquire bitcoin with any cash on hand they have above that amount, in addition to any new debt or equity issuance capacity they have going forward
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7 sats \ 0 replies \ @elvismercury 3 Aug 2023
See also this poll on the implications.
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