Hi HODLers and Bitcoin lovers,
Don't get me wrong, I like Michael Saylor and I am thankful for the publicity he gave Bitcoin and the crypto community.
I just feel, anytime Bitcoin goes down, he cannot help but to publicize how much he bought on the dip with his company's money.
One time: why not. Twice? it shows commitment but when it happened 10 times, this might be getting old.
https://twitter.com/saylor/status/1476539985562152960?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1476539985562152960%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fmicrostrategy-purchases-1-914-bitcoin-now-holds-almost-6b-in-crypto
- saylor
This has been a great investment for Microstrategy as:
With the recent buy, the company’s holdings are valued at roughly $5.9 billion, representing more than $2.1 billion in gains.
But when you begin raising debts to buy more Bitcoin and when the amount of Bitcoin you HODL reaches $5.9bn which is the exact equivalent of your company's MarketCap. You might become nervous if the dip continues.
And one thing is sure! We do not want bad publicity of finding one of our biggest supporter with massive losses or pressure from shareholders due ti his decision of going all-in on Bitcoin.
Finally, if I am being honest, I do think Michael Saylor is a bit crazy as when you are an entrepreneur and manage a big listed company, going all in and betting so hard on an asset, even if it is our beloved Bitcoin is a bit scary.
In any case, I hope he bought the dip and we go "only up" from there ! :D
MicroStrategy purchases 1,914 Bitcoin, now holds almost $6B in crypto
