MicroStrategy Acquires Additional 16,130 Bitcoins and Now Holds 174,530 BTCwww.microstrategy.com/en/investor-relations/financial-documents/microstrategy-acquires-additional-16130-bitcoins-and-now-holds-174530-btc_11-30-2023
3941 sats \ 19 comments \ @kr 30 Nov 2023 bitcoin
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747 sats \ 0 replies \ @343pg 30 Nov 2023
Random thought - now, for every $5,730 movement in the BTC / dollar exchange rate, MSTR’s bitcoin is worth either a billion dollars more .. or less!
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21 sats \ 1 reply \ @aljaz 30 Nov 2023
@lynaldencontact shared some insights about it on nostr
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0 sats \ 0 replies \ @TwoLargePizzas 1 Dec 2023
Nice read. Thanks.
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142 sats \ 0 replies \ @Zepasta 30 Nov 2023
Those bitcoins are off the market, for ever. Most people understimate just how committed bitcoin maxis are to bitcoin.
I hope you guys are stacking accordingly.
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304 sats \ 0 replies \ @Wumbo 30 Nov 2023
On November 30, 2023, MicroStrategy Incorporated (“MicroStrategy”) entered into a Sales Agreement (the “Sales Agreement”) with Cowen and Company, LLC (“Cowen”), Canaccord Genuity LLC (“Canaccord”) and BTIG, LLC, as sales agents (the “Agents”), pursuant to which MicroStrategy may issue and sell shares of its class A common stock, $0.001 par value per share (“Common Stock”), having an aggregate offering price of up to $750.0 million (the “Shares”), from time to time through the Agents (the “Offering”).
On November 30, 2023, MicroStrategy announced that, during the period between November 1, 2023 and November 29, 2023, MicroStrategy, together with its subsidiaries, acquired approximately 16,130 bitcoins for approximately $593.3 million in cash, at an average price of approximately $36,785 per bitcoin,
Rough Math looks like they are issuing well over a million shares. $750,000,000 / 500 (stock price) = 1,500,000 Shares
https://ycharts.com/companies/MSTR/shares_outstanding 14.52M currently outsanding
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11 sats \ 2 replies \ @antic 30 Nov 2023
Speculation attack at work. If it weren’t Saylor, I’d think they were just accumulating to dump on the ETF. This is one of many cases where bitcoin is a self fulfilling prophecy.
99.999999% of people who have not accumulated 100M says by the end of 2024 will never accumulate that much in their lifetime.
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21 sats \ 0 replies \ @elysia 30 Nov 2023
“It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy.” - Satoshi Nakamoto
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100 sats \ 0 replies \ @Nuttall 30 Nov 2023
His talk on Robert Breedlove's What is Money is very good and mind blowing. Maybe not for the deep Bitcoin person but from a point of view where Bitcoin was disregarded and then needed Michael Saylor definitely inspired me.
https://youtube.com/playlist?list=PL2jAZ0x9H0bRvoNt1xNJWYa9_8_an03h0&si=UBYo0MbeckLDIPeq
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0 sats \ 0 replies \ @02df4abd70 1 Dec 2023
MicroStrategy's ongoing Bitcoin acquisitions continue to solidify its position as a major BTC holder, now totaling an impressive 174,530 Bitcoins—an exemplary commitment to cryptocurrency as a treasury reserve asset.
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0 sats \ 0 replies \ @ssaurel 1 Dec 2023
When you understand the why of Bitcoin, you know what you need to do.
When you have the financial means of Michael J. Saylor with MicroStrategy, this is what it gives!
His goal of owning 1% of the total Bitcoin supply is getting closer...
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0 sats \ 0 replies \ @krinkov 30 Nov 2023
How are MSTR's bitcoin custodied?
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0 sats \ 0 replies \ @gmd 30 Nov 2023
madman
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0 sats \ 1 reply \ @rafaelasprilla334 30 Nov 2023
They are buying in OTC markets and thus do not move the price by buying so many Bitcoin
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0 sats \ 0 replies \ @TwoLargePizzas 1 Dec 2023
That's not really true. OTC markets still need to acquire the Bitcoin they sell to their customers. If they don't have enough on hand they need to get it on the open market just like everyone else.
It would be a bit like if you had 1 BTC and your uncle asked if he could buy 2 BTC from you. You could technically sell him the first one at any price you like (although, you're still incentivized to charge the market price) and the second one you'd have to go and buy on the open market.
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0 sats \ 0 replies \ @BitByBit21 30 Nov 2023
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0 sats \ 2 replies \ @franzap 30 Nov 2023
What are the odds of those coins ending up in the hands of the US government?
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0 sats \ 1 reply \ @BitcoinIsTheFuture 30 Nov 2023
They have gone after him before and will again!
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0 sats \ 0 replies \ @franzap 1 Dec 2023
It's such a low hanging fruit. I don't see Saylor running away with a hardware wallet in the case of a 6102
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0 sats \ 0 replies \ @avosehgift 30 Nov 2023 freebie
Oh well they are all trying to the leader in the crypto market.