I think saylor and microstaretgy will not stop to add more btc to their portfolio reserves. I assume they will chase 500k btc in their portfolio, they will keep buying and at the same time the average entry will increase until it reaches $80k per average entry.

Trust me saylor loves btc so much, he will do anything to get money and buy btc, saylor's DCA is pretty good he doesn't look at the price to buy btc.

Yeah, yeah!!!  Fuckin' brilliant, yeah!!

....Don't know about people like you with just enough knowledge to sound ignorant, because if this list of Saylor's BTC purchases is correct, he is not dollar-cost-averaging anything.  Jesus, look up what that term means.

Now that I got off my new year's rant, I'd just like to add that I was shocked that he bought more--but at the same time kind of not, because that's obviously been his pattern.  And boy, he made out like a bandit in 2024 as well as putting his *former software* company's name on the lips of a lot of people. 

That said, and I know I'm going to get flamed here, he happened to make the right call on bitcoin so far.  I'm happy for his success and it's nice to have a very deep pocketed corporate bitcoin supporter who's been quite vocal....but as no one knows the future and certainly no one knew with certainty where it'd end up at the finale of 2024, he took a very risky gamble and got lucky.  But that's true for anyone who buys bitcoin at $X and sees its value increase to $X+$Y.

He will not go that far for nothing and for sure Michael Saylor knows what he's doing. Microstrategy is big company and for sure aside from him he also have those good financial advisers that help him towards dealing good decisions with the money came in on their company.

And its good that Saylor believe that Bitcoin would experience more pumps in future since he already see that there would be a surge of demand would come in future especially that lots of countries and institution are participating doing some good investment with Bitcoin.

Maybe you would love to see this MICHAEL SAYLOR'S $100K NYE BITCOIN PARTY https://www.youtube.com/watch?v=OibhBEThA_o

I agree with reefsea that Saylor is largely DCAing since he is buying regularly, he is not sensitive to price changes and he is buying with a portion of money that is available, as it comes available (even if that money is coming available through the issuance of various kinds of self-initiated financial instruments).

There are two other ways to engage in buying, which is 1) buying on the dip and 2) lump sum buying. Saylor is not doing either of those two or at least what Saylor is doing seems to be way closer to DCA than either buying on dip or lump sum buying.

Now, TSC if you have some other category of buying or you believe that what Saylor is doing fits into one of the other buying strategies then make the case.  The mere fact that Saylor is employing financial instruments or attempting to engage in frontloading of investing based on investing more money than he has by issuing various financial instruments, that does not seem to change the kinds of ways to buy bitcoin that to me seems to be limited to those three ways... but hey, argue your case for what you believe he is doing since you seem to have the burden to show why it isn't DCA rather than where what he is doing seems to fit as a kind of DCA approach for the reasons I stated above.


Ever since he got into bitcoin in August-ish of 2020, he seems to have been buying on a regular basis with as much money as he is able to put together to buy more BTC, and surely he has both figured out ways to make more money come available, and also it is not even his fault that people (institutions, governments - the market) seem to be more willing to throw more money into bitcoin when it is going up rather than when it is going down or sideways.


You seem to be warming up to Saylor.. hahahahaha

Remember how doomy and gloomy you were about Saylor a few years ago, and proclaiming how irresponsible Saylor was and that he was going to be the target of a minority shareholder's lawsuit.


I doubt that he took a very risky gamble or that he got lucky, even though he does tend to play with BIG numbers, he also seems to ongoingly employ decently good hedging strategies, too... Think about the 2022 price fall in bitcoin, and he had largely had himself covered for falls down to $3k or lower, and folks were proclaiming that he was only hedged down to $20k-ish and other bullshit exaggerations, and yeah, we saw a lot of institutions and persons completely get wrecked in the lower $20ks and the sub $20ks because they did not know how to hedge their bets or they were employing way too much leverage in regards to what they were doing... Those wrecked guys of 2022-ish (and then fallout) and Saylor are two different categories of "risk takers". 


You seem to be talking out of your ass Wind_FURY about something that you either don't know about or you are just exaggerating the nature of Saylor's supposed fiduciary obligations.  Of course he has fiduciary obligations, yet people are adults too.

Personally, I don't know enough about Saylor's custodial arrangements, and I consider potentials in regards to his custodial arrangements to be amongst the greatest of risks.. and I am not even sure how to mitigate that, such as if they were held in 10 different ways, then at least each of the 10 ways would ONLY have less than 50k BTC.. yet I am not sure if that resolves the custodial issue to have it spread out like that, either.. .since it would be a pretty BIG deal to have 1 or more of the 10 custodial ways to have weaker security than the others, so then spreading out between 10 might increase the risk of losing some BTC rather than keeping the BTC in fewer (but presumptively better) custodians.


Sure, if he keeps buying as the BTC price goes up, then we already see that his average price per BTC has gone up from $10k in 2020 to $30k in 2022 and currently $64k, yet at the same time, the longer that he is employing these strategies, the more of the BTC are moving to unencumbered categories, even though he is also re-encumbering the BTC too.  If Saylor used to have $1billion in debt and $20 billion in bitcoin, yet now he has $5 billion in debt and $80 Billion in bitcoin, sure we could suggest that the ratios are getting worse, yet the level of debt seems to be less of an issue as compared to his need to service the debt at near 0%, so it seems that bitcoin would have to stay way below his cost per BTC for years and years before servicing the debt would become an issue...so I doubt that the cost per BTC is as dire of a situation as you (Wind_FURY) seem to be painting it to be.

I am not claiming to be an expert about MSTR risks, yet it seems that MSTR is already set up for the potential of 4 years or more of being considerably "under water."  .. sure it could happen.. but is that our base case reasons why so many of us are in bitcoin and considering that bitcoin's investment thesis continues to get stronger rather than weaker, and yeah we can choose to not invest in bitcoin. because we believe that its odds of going up are not as great as its odds of going down, yet those seem like dumbass no coiner (and low coiner) ideas and folks who hardly have any clues about bitcoin, which sure an overwhelming majority of the world's population is included in the no coiner, low coiner and ill-informed categories of folks in regards to bitcoin, which neither Saylor nor many of us participating in this forum seem to fall in such a bitcoin ignorant category.


Oh gawd you are coming off as an annoying mother who does not know the topic. 

Yes mom.   


Aren't you the smartest in the world?

He probably needs way more than a sustained 50% price crash over 3 years or more before starting to get worried.  I doubt his level of peril is even close to your level of concern and the nature of your recommendation comes off as retarded, even if buying the dip is good for a regular person who hardly has any cashflow.  Saylor does not have a cashflow problem, so he can keep buying bitcoin with whatever cashflow that he gets... Hold his beer.. . He's got it.

Yes a lot of folks will be whining about Saylor/MSTR if there were to be a sustained 50% drop, and yeah there are a lot of dumb folks who are going to read too much into the matter, so Saylor will likely continue to be employed to be repeating himself in regards to continuing to have to talk about why the problem is not as great as all the dumb twats are imaging his supposed problem to be.

By the way, I see that Poker player probably responded better than me, especially on the no collateral aspect of MSTR's situation...since I think Saylor learned his lesson with his collateral Silvergate loan situation in 2022, in which he (the company) profited, but it ended up playing out as greater risk than what Saylor had previously anticipated.

Iam already worried for him because he isnt using the actual Bitcoin, I hope it never matters but theoretically it already seems over speculation to just buy and hope price goes up.   Its the kind of thing that seems like it would make Buffet right with his ideas and I definitely dont agree with Buffet but Im pretty sure BTC must be used to actually be a bullish asset in usage and price, the actual use matters more of the two imo.

You are implying hubris where none exists.... and so further showing that you are not even analyzing where the substantive weakness might be in his actual strategy versus your imagination of what is the strategy and the mood.

I will admit that Saylor has shown more and more confidence, arrogance and therefore short-fusedness within various public presentations/interviews in recent times, yet that still does not necessarily arise to the level of hubris if you are not understanding what he is doing or systematically why it is working and going to continue to work..


You are hardly saying shit.. except for reiterating the superficial mommy nanniering of what you had already said.   

If you are going to continue to attempt to show some vulnerabilities in regards to why whatever Saylor/MSTR is doing beyond normal risks of bitcoin, then maybe you should attempt to study the topic a wee bit MOAR better...

I think Saylor already admits that buying MSTR versus directly buying bitcoin is likely to include higher levels of volatility including that if BTC is going up then MSTR is likely to go up even faster, and would also mean that if BTC is going down then MSTR is likely going to drop faster - so the mere fact that BTC might be going down or sideways and MSTR is dropping is not an unknown, yet dumbass opportunistic folks like you will look at MSTR and point out the obvious that it is dropping faster than BTC and therefore proclaim that MSTR could go to zero.. blah blah blah.. which is almost retarded since we already could have had foretold that such drops were going to end up happening from time to time.. including in the past several weeks.. MSTR peaked out in early November, and BTC peaked out in mid-December.. and yeah we cannot be sure when or if BTC is going to recover in order that MSTR might or might not recover at a similar time (perhaps before or perhaps after BTC's recovery if it comes?)...

Guys have already asked me, in this thread, why I don't own MSTR - and truly I give few shits about it in terms my own personal holdings - and of course, I am not opposed to it, and surely I see some folks (including institutions/governments) who are ONLY able to get exposure to BTC through owning something like MSTR (or the financial products offered by MSTR). and other folks who want to play the MSTR volatility, and so I find no problems with guys having those kinds of interests or getting price exposure to bitcoin in those kinds of ways... and with anything in the market - there can be considerable periods in which some product/asset might be over or under priced towards what any of us might consider that it should be, so each of us needs to figure out our exposures and various risks (and/or benefits) that might come through our allocation actions.  Of course, it is possible that MSTR could blow up while bitcoin does not, yet I doubt that there are too many odds that BTC blows up  and MSTR doesn't, so surely betting on MSTR is an additional risk on top of BTC - especially since in the last 4-ish years, MSTR has refocused its whole company to mostly be a bitcoin play, even though they have been claiming to still be getting around $100 million-ish income per year in the company's original internet/business intelligence (or whatever the fuck they do?) product.

Michael Saylor says, "We sold $1.5B of stock backed by $500M of BTC. We bought back $1.5B of #Bitcoin, capturing nearly a BILLION dollar gain in the arbitrage.

To be honest Michael Saylor is the father of Bitcoin investment, his really taking Bitcoin investment very serious and his succeeding, he has already seen that Bitcoin is a very good asset to invest on, some set of people thinks his doing a very stupid investment because his putting so much money in Bitcoin and if Bitcoin crashes he will be in a big problem and then I ask what will make something that has not reached half of it's growth limit to crash Bitcoin investment is not a Ponzi scheme where everything crashes all of a sudden, yeah we all know that Bitcoin is volatile by nature but it's volatility has not stopped it from growing and can't even stop Bitcoin, volatility has been part of Bitcoin since it's creation and when ever there's a dip in Bitcoin is an opportunity for people to accumulate more with less price.
Right now MicroStrategy targets up to $2 billion capital raise through public offerings of perpetual preferred stock in the first quarter of 2025, Michael Saylor is not backing down on Bitcoin accumulation and Bitcoin is not backing down in it's growth.



https://twitter.com/Vivek4real_/status/1874992913316450606?t=mefFy08XRrURpzx6Z46d3Q&s=19

This guy does not stop. Let's see the latest:

MicroStrategy to Target a Capital Raise of Up to $2 Billion of Preferred Stock

Basically to the $21B+$21B plan they add another $2B in preferred stocks. They must have seen that there is demand for it. We'll see how things play out early this year. There is little ATM stock left to sell and relatively quite a bit more convertible debt to add to this. More remains to be seen on the outcome of the vote to be able to sell a lot more to buy bitcoin, which will likely be positive.

Does anyone else think this is going to fall short?



As they stated on October 30, 2024 in the third quarter results presentation and at the same time the presentation of the 21+21 plan, the yield aimed at for the years 2025, 2026 and 2027 is between 6 and 10%. But that was before they knew that the program was so well received that the $21B in the MTA is almost gone.

I think Saylor is going to keep buying every week if he can, and so far we have nothing to indicate that he won't, so I think the annual yield, at least this 2025, will be well over 10%.