Hey Recyclersteve, MSTR of no interest to you?

[shinnosuke]

silverflake, well stated. I think it's a matter of degrees and it takes longer for some to understand. I learned of BTC in 2012 when the price was $5-10. I rejected the idea then completely, but obviously came around later. I acquired my first in 2017 when priced about $3,400. Shoulda woulda coulda.

[shinnosuke]

Look at the change in Saylor. Look at the date at the bottom.

Saylor.png (291.04 KiB) Viewed 1188 times

[shinnosuke]

December 1921
Henry Ford
Anti-war
Energy Currency

Henry Ford.png (617.79 KiB) Viewed 1187 times

[shinnosuke]

For educational purposes, start at 3'30" and watch for 13 minutes.
https://finance.yahoo.com/video/microst ... 00841.html

To understand why MicroStrategy will continue to buy BTC forever.

[Recyclersteve]

For educational purposes, start at 3'30" and watch for 13 minutes.
https://finance.yahoo.com/video/microst ... 00841.html

To understand why MicroStrategy will continue to buy BTC forever.

“Will continue to buy BTC forever”- very strong words. If BTC goes down 50-70% (which could even happen within a definable uptrend), I’d think there would be a point they’d modify their “forever” claim or slow the buying to a trickle so they could technically say they are still buying.

[shinnosuke]

At this point, based one the information and experience so far, buying forever is the better choice over not buying any. I still think that Bitcoin is going to $1 million.

[shinnosuke]

Also, a group of Amazon shareholders have formally submitted a request to the board of directors to consider buying Bitcoin for their treasury. How many companies/countries have to do this before people start buying some? Just buy a tenth of a Bitcoin. Just get some.

"The National Center for Public Policy Research submitted this shareholder proposal to Amazon.com, Inc., for consideration at the 2025 annual shareholder meeting.

Bitcoin Treasury Assessment Supporting Statement: In periods of consistent, and often rampant, inflation, a company's value is measured not only by how profitable its primary business is, but also by how well it stores the profits from that business.

As of September 30, 2024, Amazon has $585 billion in total assets, $88 billion of which is cash, cash equivalents and marketable securities, including US government bonds, foreign government bonds and corporate bonds. Since cash is consistently being debased and bond yields are lower than the true inflation rate, Amazon isn't adequately protecting billions of dollars of shareholder
value simply by holding these assets.

Amazon should - and perhaps has a fiduciary duty to - consider adding assets to its treasury that appreciate more than bonds, even if those assets are more volatile short-term."

More here: https://pbs.twimg.com/media/GeTFI0FbcAA ... name=large

[shinnosuke]

IMG_2723.jpeg (378.74 KiB) Viewed 1109 times

[tdtwedt]

Cost basis per Bitcoin at MSTR now 60K...

What happens when Bitcoin crashes again?

[tdtwedt]

Riot Stock Plummets On $500M Bitcoin Funding Plan

Shares of Riot Platforms dropped as much as 10% after Monday’s opening bell following the company’s announcement of a private offering for $500 million in convertible senior notes..

Riot plans to use the funds primarily to purchase more Bitcoin and for general corporate purposes.

https://www.msn.com/en-us/money/topstoc ... r-AA1vxMzh

[tdtwedt]

MicroStrategy bitcoin purchases aren’t stopping premium decline

MicroStrategy acquired another $2 billion worth of bitcoin (BTC) last week, but it hasn’t helped investors regain last month’s confidence. The premium shareholders place on its stock is at a two-month low, and its share price is 30% off its all-time high from November 21.

https://protos.com/microstrategy-bitcoi ... m-decline/

[tdtwedt]

Peter Schiff...

In other words, due to insufficient real demand, Bitcoin is being artificially propped up through leveraged buying from MSTR and MARA. This seems like a recipe for disaster.

https://x.com/PeterSchiff/status/1866511789892223271

[shinnosuke]

Hey Steve, are you ready for this?

IMG_2726.jpeg (498.36 KiB) Viewed 977 times

[tdtwedt]

MSTR stock price still 30% below the high set in November...

https://www.cnbc.com/quotes/MSTR

[shinnosuke]

https://www.nasdaq.com/articles/microst ... -bloomberg

MicroStrategy (MSTR) Expected To Be Added To Nasdaq 100: Bloomberg

December 10, 2024 — 05:05 pm EST

Written by Nikolaus Hoffman for Bitcoin Magazine

“MicroStrategy will likely enter the Nasdaq 100 Index on Dec. 23, and we expect net buying of at least $2.1 billion in shares by ETFs to follow, equal to about 20% of daily volume,” Seyffart explained. “Joining the S&P 500 will be tougher because of a lack of profit, though an accounting-rule change surrounding Bitcoin valuations could make MicroStrategy eligible in 2025.”

Net buying of $2.1 billion would be an added boost to MSTR, which has already outperformed most major stocks and also bitcoin this year — up 450% year-to-date at the time of writing. MSTR, powered by its relentless bitcoin acquisition strategy, has seen its stock skyrocket to a new all time high this year for the first time since March 10, 2000.

MSTR has already acquired over 170,000 bitcoin since announcing its plans to raise $42 billion to purchase more BTC in late October. (end quote)

[Lemon Thrower]

For educational purposes, start at 3'30" and watch for 13 minutes.
https://finance.yahoo.com/video/microst ... 00841.html

To understand why MicroStrategy will continue to buy BTC forever.

“Will continue to buy BTC forever”- very strong words. If BTC goes down 50-70% (which could even happen within a definable uptrend), I’d think there would be a point they’d modify their “forever” claim or slow the buying to a trickle so they could technically say they are still buying.

FOREVER LAURA.

[tdtwedt]

MicroStrategy will eventually unravel — Bitcoin bulls should look elsewhere

When cheap financing dries up, MicroStrategy’s stock price will wither.

https://cointelegraph.com/news/micro-st ... ly-unravel

[shinnosuke]

Steve, what do you think will be the effect of the decision to include MicroStrategy in the Nasdaq 100? Shouldn't it increase the amount of trading traffic it has?

https://www.cnbc.com/2024/12/13/bitcoin ... q-etf.html

Bitcoin proxy MicroStrategy to join the Nasdaq 100 and heavily traded ‘QQQ’ ETF
PUBLISHED FRI, DEC 13 20248:09 PM EST

From the article at the link:
1. MicroStrategy, which has become a play on bitcoin, will be joining the Nasdaq 100 index, effective Dec. 23.
2. Exchange-traded funds that follow the index – including the popular Invesco QQQ Trust – will become automatic buyers of the stock.
3. Shares of MicroStrategy have soared more than 500% in 2024.

[Recyclersteve]

No question there will be buyers (forced buyers) because of inclusion in the QQQ index.

I can’t help but think there are some very well heeled hedge funds talking to each other about forming a strategy to try and short bitcoin in some shape, form or fashion. Is Warren Buffett involved? Not a clue, but there is no doubt he is anti-Bitcoin.

When Bitcoin goes below a declining 50-day moving average, it will be VERY INTERESTING to watch.

[shinnosuke]

Steve, Warren Buffett is old news. Michael Saylor is the guru now. Please spare 16.5 minutes and understand why by watching the video at the link below. I'll give you $100 in Bitcoin if you do. It's that good.

https://x.com/Vivek4real_/status/1867372921460863482

[shinnosuke]

MSTR in 2024.png (729.11 KiB) Viewed 558 times

[Recyclersteve]

MSTR in 2024.png

$100 is a Generous offer!

I will seriously consider this offer over the next 2-3 days. I’ve got a Christmas party tomorrow and will likely be busy early Monday with the stock market.

Is it true that this would be Bitcoin instead of some other form of crypto and you’d only need a wallet address?

Oh yeah, if I say “yes”, I will DEFINITELY watch the Saylor video.

[shinnosuke]

MSTR in 2024.png

$100 is a Generous offer!

I will seriously consider this offer over the next 2-3 days. I’ve got a Christmas party tomorrow and will likely be busy early Monday with the stock market.

Is it true that this would be Bitcoin instead of some other form of crypto and you’d only need a wallet address?

Oh yeah, if I say “yes”, I will DEFINITELY watch the Saylor video.

I only made the offer because I trust you to follow through on the viewing.

Bitcoin is what I have been recommending for several months now. I would not send you anything else. No rush. Watch at your convenience.

[tdtwedt]

MicroStrategy dilutes its shareholders to buy more bitcoin

Unlike BTC, MSTR is nowhere close to its all-time high. Although the stock is one of the best-performing large-cap stocks this year, it’s one-fifth below its November 21 pre-market print of $548.20.

Around that time, Saylor also lost voting control over MicroStrategy. He’s now a minority voter and chairman, prohibited from serving as the company’s CEO due to a 2022 legal settlement.

Some shareholders are growing weary of Saylor’s strategy of selling shares “at the market (ATM)” — i.e. at prevailing market prices, with no discount — in order to acquire more BTC.

Saylor has announced $21 billion worth of ATM sales in his current round of financing, which is still underway.

These sales instantly dilute shareholders while simultaneously increasing the company’s BTC holdings — assuming all of the proceeds are used to acquire BTC, which has been the case in recent months.

https://protos.com/microstrategy-dilute ... e-bitcoin/

[shinnosuke]

BRITISH HODL @BritishHodl
Per @saylor
- MicroStrategy with their Bitcoin yield operation netted $12.28 billion so far this QUARTER.

See how that compares to the quarterly net income from top Nasdaq companies:

1. Apple (AAPL) - $33.9 billion
2. Alphabet (GOOG) - $26.3 billion
3. Microsoft (MSFT) - $21.9 billion
4. NVIDIA (NVDA) - $19.3 billion
5. Amazon (AMZN) - $15.3 billion
6. Meta Platforms (META) - $14 billion
7. Tesla (TSLA) - $2.5 billion

For reference, TSLA, META, and AMZN have a market caps of $1.5T, $1.6T, and $2.4T respectively.

The market cap of MSTR is currently $94B.

We’re going so much higher!

- credit to @RespectfullyBTC for this post.

Now imagine modelling the FUTURE earnings appreciation of this Bitcoin and pricing MSTR based on future earnings combined with future acquisition of Bitcoin.

This is not possible and an investment is not justifiable with valid research until the rules change and even more applicable since the world’s premier growth Index just co-signed its validity as a growth product - the Nasdaq.
9:16 AM · Dec 18, 2024

48.7K Views