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📈 Is MicroStrategy about to hit the 500K BTC milestone?
241 sats \ 4 comments \ @mega_dreamer 19 Jan econ
📈 Is MicroStrategy about to hit the 500K BTC milestone?
Michael Saylor's Bitcoin strategy has always turned heads—will it hit the big 500K mark before March?
🔗 Place your prediction now: beta.predyx.com/market/microstrategy-holds-500k-btc-before-march
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#Bitcoin #BTC #MicroStrategy
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114 sats \ 0 replies \ @denlillaapan 20 Jan
judging by recent purchases (of about a few thousand a week), unless they pull off a massive equity/convertible debt sale
https://treasuries.bitbo.io/microstrategy/
then again, maybe this observation would let them fiddle with the balance sheet and make some magic...?
The company's financial profile stands to benefit from a significant accounting rule change in 2025. Under new FASB guidelines, companies will be able to mark their crypto holdings to market value rather than the previous cost-minus-impairment model. For MSTR, whose historical financials had to recognize market losses but couldn't account for gains, this shift means future financial statements will finally reflect the true market value of its massive Bitcoin treasury.
from Forbes.
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100 sats \ 0 replies \ @Riberet 19 Jan
Surely it will reach it, before March? I doubt it...
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100 sats \ 0 replies \ @denlillaapan 19 Jan
Oh before March.
Otherwise this would be a nobrainer. But in like eight weeks...? Probs not
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100 sats \ 0 replies \ @Undisciplined 19 Jan
That's a wild prospect
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