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32 sats \ 5 replies \ @gmd 30 Dec 2024
Impressive that they haven't been able to move the price at all
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44 sats \ 3 replies \ @megaptera OP 30 Dec 2024
They do not actually buy bitcoin. They buy an IOU on bitcoin. No need to go to the spot market to buy paper.
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34 sats \ 2 replies \ @ZezzebbulTheMysterious 30 Dec 2024
This is not strictly true. Its moving from Coinbase Cold and Hot wallets into Coinbase Custody Hot and Cold wallets. Like moving your keys from the left pocket to the right pocket. Coin is moving here.
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44 sats \ 0 replies \ @megaptera OP 31 Dec 2024
Show me please
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33 sats \ 0 replies \ @Bell_curve 31 Dec 2024
and Fidelity Digital Assets
plus insurance in case of loss
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34 sats \ 0 replies \ @Satosora 30 Dec 2024
These must be "private" sales.
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33 sats \ 1 reply \ @987654321 30 Dec 2024
The honey pot continues.
I think it's great. Bitcoin is for enemies.
They are probably going to burn it and say, oh well, we tried.
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0 sats \ 0 replies \ @Akg10s3 30 Dec 2024
Actually 😅
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12 sats \ 1 reply \ @ca 31 Dec 2024
Funny how the nature of his investment strategy ensures that he buys much more bitcoin during all time highs and much less when it's near the bottom.
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0 sats \ 0 replies \ @Bell_curve 31 Dec 2024
the miracle of arithmetic
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41 sats \ 7 replies \ @Jon_Hodl 30 Dec 2024
I think Saylor is a fraud and doesn’t own that much bitcoin.
MSTR is a tool to distract people from buying actual bitcoin.
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82 sats \ 6 replies \ @grayruby 30 Dec 2024
That's an interesting take. That would be a significant case of securities fraud that would likely get him sued into oblivion by shareholders and potentially put in jail.
I am going to take the other side on that. If you want to argue they don't really own bitcoin because they custody it with Fidelity and Coinbase then I am compelled. I actually think it is much more likely that Coinbase is doing some sort of fractional reserve banking with Bitcoin than MSTR.
In terms of your second point. Absolutely.
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61 sats \ 5 replies \ @Jon_Hodl 30 Dec 2024
Yes, I’m talking about Coinbase selling paper bitcoin but I think Saylor is part of a larger scheme that suppresses the price via fractional reserve.
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23 sats \ 4 replies \ @grayruby 30 Dec 2024
I really wish everyone would get their bitcoin off exchanges. These guys should be stress tested. What happens when 1M coins move in a week?
My guess is after a couple days they pause withdrawals.
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41 sats \ 3 replies \ @Jon_Hodl 30 Dec 2024
🎯
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30 sats \ 2 replies \ @Satosora 30 Dec 2024
This paper bitcoin is becoming more and more worrisome.
Now that more companies are buying bitcoin, I think there is more potential for another big fraud to happen.
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0 sats \ 0 replies \ @Bell_curve 31 Dec 2024
Despite the additional bitcoin buying and the Nasdaq inclusion, MSTR has been in decline since hitting an intraday high of $543 on Nov. 21.
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0 sats \ 1 reply \ @Akg10s3 30 Dec 2024
Your BTC purchase is progressing impressively 😳
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0 sats \ 0 replies \ @megaptera OP 30 Dec 2024
would be nice if it was mine 😂
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