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9 sats \ 1 reply \ @birdeye21 OP 3 Aug 2023 \ parent \ on: POLL: Will MicroStrategy reach 1% ownership of the Bitcoin supply? bitcoin
any guess on where their percentage ownership tops out?
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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