Reddit Posts
Bitcoin bottom wasn't in at 83k - here's what I'm watching for now
Kraken vs OKX in Europe post-MiCA: Earn, Staking & Yield comparison 2026
Saylor just sold $216M worth of Bitcoin. I started buying.
crypto markets keep pricing the CLARITY Act like it is already law
Political headlines are becoming a bigger part of crypto. But do they actually create tradable edge?
Saylor sold 3,588 BTC this morning and the "never sell" crowd needs a new mascot
Why Strategy Sold 3,588 Bitcoin Just One Day After Michael Saylor's BTC Manifesto
Why Strategy Sold 3,588 Bitcoin Just One Day After Michael Saylor's BTC Manifesto
July 1st came and went, here's what's actually left for EU crypto users after the MiCA purge.
[IDENTIFIED] I caught my crypto scammer via a Starlink IP trace! Looking for other victims (Bybit / Impersonation Scam) I need FBI or a persecutor
Saylor just sold 3,588 BTC for $216 million. "Never sell" is officially a retired slogan
Strategy sold 3,588 Bitcoin for about $216 million between June 29 and July 5
Saylor's Strategy Sells 3,588 BTC for $216 million, Holdings Drop Below 844,000 BTC
Strategy will go down with everyone. what do you think?
BTC has had 5 consecutive green closes. Relief rally or the start of something different?
What securing my 0.025 BTC with a hardware wallet feels like
Will BTC have RWA tokenization, stables, easy lending and borrowing on time?
Need Historical Bitcoin (BTC) OHLC Candle Data (2007–2026) for Backtesting & Research
I built an endless runner where the race track IS a token's live price chart — and you can 1v1 wager on it (Base mini app)
Do you think BTC will go back to $58K?
Bitcoin is not a good investment anymore prove me wrong
ARE HODLER COLD WALLETS AND CRYPTOTAGS WORTH SPENDING ON CONSIDERING WHAT'S HAPPENING TO THE MARKET?
How cryptocurrency is going to survive the dilution and culture it has created?
Looking for advice: How can I sell premium Italian food to Bitcoiners?
What happened to all the "I lost my hard drive with 1M BTC" posts?
What do others in the crypto community think of xrp?
At what amount is it worth buying a cold wallet? How much BTC should I have before getting one?
Looking for advice: How can I sell premium Italian food to Bitcoiners?
BTC rockets past 63,000, annihilating billions in shorts!!!
Low liquidity weakened pump $BTC -$ETH
I spent way too much time recently trying to crack a 1 BTC puzzle and I'm officially questioning my life choices.
Someone bought 10,000 Bitcoin in 2011 for $7,805 when BTC was trading at $0.78. He survived multiple crashes and held for nearly 14 years without touching a single coin. Then in 2025 he sold it for over $1 Billion, making a 128,205x return.
Why Litecoin is always left out, despite being one of the big 3 from the start, stable as ETH through all these years, and one of the oldest coins out there?
Do you feel a bit guilty for not buying BTC instead of something you desire?
No, we aren't heading towards the 100k+ mark ... not yet.
I’ve found a reliable way to time the market.
Bitcoin back up to 62k as 49000 BTC hits exchanges.
Morgan Stanley Recommends up to 4% Bitcoin Allocation, Says Putting BTC on Balance Sheet ‘Not Totally out of the Question’
Bitcoin Cycle Timing and Low-Price Projection
If BTC is down ~50% and Gold is dropping too, is the "safe haven" narrative officially dead?
So guy what’s the next big thing / catalyst for crypto
I have been in crypto long enough to know how this news of MSTR going to sell Bitcoin will play out.
Saylor’s hubris might break Strategy but it can’t break Bitcoin.
Live Gold Price on Your iPhone & Apple Watch – Finally Done Right
I got into BTC this cycle, here is the playbook I have followed
Retail is panicking over Bitcoin, but the whale and dark pool data shows massive accumulation.
$MSTR should sell short shorts to raise cash
Michael Saylor Strategy's Real Problem Isn't The Price of BTC it is BlackRock and the Banks.
The 13-day ETF outflow streak finally broke, dip buy or trap
Can Bitcoin thrive in a future of energy constraints and slower growth?
Am I the only one who thinks that July will be bullish for BTC ?
Grayscale's Head of Research Says Strategy Should Sell $3B Bitcoin as BTC Holds Below $60K
Grayscale's Head of Research Says Strategy Should Sell $3B Bitcoin as BTC Holds Below $60K
Strategy Announces Digital Credit Capital Framework, USD Reserve Policy, STRC Dividend Policy, Digital Credit and MSTR Repurchase Authorizations, and BTC Monetization Program
should I keep HODLING or sell some? my brain is being dumb rn
El Salvador Adds 8 BTC As Treasury Reaches 7,696 Bitcoin
We were tired of paying for crypto signal groups, so we spent a few months building our own desktop terminal.
Do you think BTC has bottomed here or is another drop coming?
Mentions
Actually it’s a better store of value than BTC, because some years it even deflates, but unlike BTC, it’s actually used for something, so it creates a floor, similar to gold.
I didn't tell you to buy anything. You absolute clown. I don't give a flying f*ck what you do with your money. Keep holding BTC and missing out huge gains. BTC only did a 8.1x despite having an enterprise aping it. Meanwhile Nvidia alone blew BTC out of water and it was less volatile to hold it. But I guess you don't have a diversified portfolio
Been in BTC since 2016 while your mommy was wipping out your ass. Im good, no need for those shitcoins. Get a life, kid
So what, lmaoo? That's a buy sign. Like I said. The crypto isn't for the faint-hearted. Stick holding your BTC and missing out huge gains elsewhere. SOl and XRP blew BTC out of water last cycle. BTC only did a 8.1 ISH from its absolute 2021 bottom to the 2025 top. Currently it's underwater from its 2021 top. Even holding and DCAing Nvidia outperformed BTC
Rotate to BTC at bare minimum for the love of god
This is good for BTC. That’s all I know.
Hyperliquid down 7.2 down from its ATHs, zano down 40%, Venice AI down 48%. Your point? You nitpicked the worst alts. You BTC maxi regard. Crypto isn't for emotional folks like you. This guy is diversified he can sell heavily during the next euphoric bull run
Thursday also saw BTC ETF inflow of $221M. One could argue a rotation from one single asset manager to multiple others is healthy for BTC long term.
I actually thought that this would happen but many crypto haters were sure that it's gonna spiral down now as MSTR was portrayed as Ponzi that would break bitcoin if it crashed. Truth is, BTC is bigger than MSTR and will be fine without it. MSTR is a minority holder and MSTR investors, if not invested in MSTR stock, would often just buy BTC directly. Hopefully it's going to stabilize higher up and doomers will be proven wrong.
This guy is smart unlike BTC maxis or other bagholders
Bitcoin is fine, it survived first larger MSTR sale, which is bullish for MSTR - many people assumed that a sale like this would break bitcoin and it would enter a downward spiral now. Meanwhile, it had a short blip and then went up. So, it may have seemed obvious to some but not everyone - BTC is bigger than MSTR and MSTR alone isn't enough to kill it.
Nothing would happen to the company at $10k tomorrow. If it went to $10k tomorrow and stayed there through the EOY, yeah, there may be an issue. If that happened, there would be bigger issues within the space anyway. MSTR would have to be the first domino to create $10k BTC for 6 months. I don't see anything else doing that scenario
Monthly DCA into BTC is honestly the most sane way to start, you're already ahead of 90% of this sub. One thing nobody mentions to beginners: BTC spends most of its time going sideways, not up. If the waiting bothers you, look into grid trading at some point, it buys dips and sells bounces automatically so the sideways months still produce something. I run mine on gridspot.app. But even just plain DCA and patience beats almost everything else here https://preview.redd.it/1akkxwq1cobh1.png?width=734&format=png&auto=webp&s=3d2f0aac230570ecb6a452684e920ee5ad1d17e0
What would the market cap for $1m BTC be?
You literally define BTC's value by comparison to USD which by default makes it sensitivie to USD inflation. This shit ain't hard bro 🤣
There's this crazy thing called the international community. I love when BTC maxis act like USD is the only currency on the planet lol.
BTC is not an investment. If you want to flip it ... yes it will make you money. Otherwise you are just holding the bag. Most of these wizards are not going to be millionaires in 20 years. That's just the facts.
Idk but BTC treasury companies selling will probably create significant downside pressure
Bro yeah sure you altcoins may go back to B/E or even go in profit.. but you would make WAY more if you just bought BTC. Look at any of your picks in TradingView, XLMBTC, QNTBTC, XDCBTC. They are all straight down because they bleed against bitcoin.
Nope lol BTC not interested
Great topic! The biggest thing people miss with BTC collateral loans is that you keep your long exposure while getting liquidity. You don't sell, so no taxable event and you stay in if price runs. The tradeoff is LTV risk: most lenders call margin around 50 to 60% LTV, so a sharp drop means adding collateral or getting liquidated. Understanding that dynamic is probably the most important thing going in.
tbf BTC has a lot of impediments to its success. Take the tiny blocksize for instance. Of the high fees anytime people are actually using it to transact. Not to mention the captured and braindead dev team that mostly implements anti-features which are making BTC less useful.
Lmao. Let's zoom out Nvidia then. Let's zoom out gold then. Nvidia blew BTC out of water this cycle.
Or they're under serious pressure and suspect BTC price will plummet again
What do you think would happen to them if BTC went to $10k tomorrow?
I buy that in my wife's retirement account. She already has the account set up and she gets $ matched. I can invest that into FBTC or MSTR. Both have counterparty risk. So I buy MSTR in retirement accounts and self custody BTC. I turned down my retirement account because they did not allow for self directed. That is the fucking point.
Strike to buy BTC then transfer to bitbox02nova for cold storage
I'll hold my BTC and that's it, good luck y'all lol
I bought weed from the Silk Road. I also bought comic books from the Silk Road. BTC is money. Was then, is now.
Why would it? 1300 BTC is still small compared to the daily volume
I'd sell them all and just buy BTC.
And BTC went up lol. Guess people finally stopped caring about what this idiot says and does
Right, but the question is *why* did they decide it was better to liquidate BTC instead of using the cash they already have sitting around? My theory is it's because the cash reserve is generating more revenue for them in recent weeks than the bitcoin is.
I'm not a buttcoiner you tard. I'm just debunking your clam BTC is a hedge against inflation when it isn't. Even during geo political uncertainity BTC goes down whereas GOLD goes up.
His next slogan will be, “ we sell all BTC” and start afresh
in what world is something you paid $120k for 8mo ago not debased, if you can barely get $60k for it right now? objectively speaking, you have to admit there's a substational amount of Kool-aid you have to drink in order to think BTC is immune to debasement.
I honestly would take the loss and convert all of this to BTC. It’s a safer bet. Good luck to you regardless.
Why are you asking this to strangers? Nobody knows shit about fuck. BTC is down from its 2021 top. Unless you buy or DCA during the bear and sell heavily in the euphoric bull.
See y’all when BTC is below $50k. Certainly even some DCA now wouldn’t be terrible.
Remember Luna? No? We’re gonna see if the Saylor ponzi can stay afloat when BTC crashes.
He has proven his inability to time the market effectively and that is unforatunely the whole purpose of owning Strategy over BTC.
Convert everything in BTC first and then forget!
> Under the Board-approved USD Reserve policy, the Company may use the USD Reserve to pay preferred stock dividends and interest expenses as they become due and may subsequently replenish the USD Reserve through sales of BTC under the BTC Monetization Program described below or other capital markets activity. > The Company’s Board of Directors has authorized a BTC monetization program (the “BTC Monetization Program”) under which the Company may sell bitcoin from time to time for three primary purposes: > • to generate up to $1.25 billion of additional proceeds to fund the USD Reserve; > • to additionally fund preferred stock dividends and interest expense as they become payable, or to replenish the USD Reserve after such payments, when management determines that it is more advantageous than issuing class A common stock or other capital markets transactions; and > • to additionally fund repurchases of Digital Credit Securities or class A common stock, including related taxes, fees, and transaction expenses, under the repurchase programs described above. > Any bitcoin monetization outside these purposes or in excess of these authorizations would require further Board authorization. The BTC Monetization Program has no fixed expiration date, may be modified, suspended, or terminated at any time, and does not obligate the Company to sell any bitcoin, fund any dividend payment or interest expense through BTC monetization, or repurchase any securities.
Regardless, I dont like him impacting the crypto space. He builds these "instruments" to juice out the hype for BTCs longterm success. Encouraging people to load up on shit like STRC for "guarenteed" 10%+ yearly dividends. Having shit like this doesnt add value to the BTCspace, but extracts from it. Sure he can temporarily inflate the price by loading up through funds pumped into STRC or selling his common stock, but this is all just for a temporary pointless pump. For instance, if all this money put into STRC was instead put into BTC, there wouldnt be some additional obligation to pay out dividends. It would just be more BTC holders. His BS "instruments" act as a leech on BTCs success
You don’t get drained with BTC. It happens with shitcoins with “smart” contracts.
It’s $60k/BTC. It’s not dead because it’s not even close to being dead.
Interesting question, but it actually runs backwards from the real-world trend right now. What's happening is Bitcoin miners are converting into AI data centers, not the other way around, because Bitcoin mining requires ASICs while AI needs GPUs. An ASIC literally cannot run a neural network, and a GPU trying to mine Bitcoin is so inefficient it'd cost you far more in electricity than the BTC it produces. What can transfer is the physical shell: power substations, high-voltage interconnects, land, and cooling infrastructure.
If they have $2.55B in USD reserves then why did they have to sell $216m of BTC to pay dividends with?
Da lo mismo joder, el mercado tiene capacidad de sobra para asimilar esas ventas, cada día se vende muchísimo más que eso. Si Saylor quisiera deshacerse de todo su BTC podría hacerlo sin que el precio se resistiese.
$15k BTC by year-end assumes MSTR becomes a systemic forced seller. Nothing in the filing supports that, it supports the opposite.
Hey now, I don’t blame him. Gotta cash out some so that when everything crashes and burns he has a lifeboat to live the luxe life while the rest of you clowns still hold the bag. I mean, that’s kind of how these Ponzi schemes work. This won’t be the first or last time he sells BTC.
My ex is more volatile than BTC too. Doesn't make it a good investment. Try again
Yeah, the overall sentiment of this sub is quite pessimistic, i believe since the first dips from BTC ATH. It almost feels like an anti-crypto sub.
Seems like the only people who are freaking out are the ones who hate Saylor/BTC/Crypto, etc.... Whoopty do, a company sold some holdings to pay financial obligations. What's the big deal? They've been buying and selling BTC for years now.
Que venda todo lo que quiera, mas para nosotros... Es filosófico el tema, porque esa cantidad de BTC no mueve el mercado.
Why BTC price still not crash already?
Happy for you OP, but don't forget the second Rule of fight club... I mean BTC club, never disclose your holdings, especially online! Congratulations 😎👌 (1st Rule is "not your keys not your coins")
Like I said no hate on ETH I have a decade of experience with it and some great memories. But I just don't see where it's going at the moment. Maybe I'll be wrong on that, perhaps if the rumours are true that Vitalik wants to add a privacy layer it may become interesting again, but I have way more trust in BTC personally. But I don't wish bad luck on ETH.
Your wrong about supply. Bitcoin started with 0 BTC and now has about 20.02 million BTC in circulation, with a hard cap of 21 million. Around 95% of all BTC that will ever exist has already been issued. Ethereum currently has about 120.7 million ETH in circulation and no hard supply cap. since the last bull market peak (late 2021) Bitcoin, approximately +8% increase Ethereum, approximately +17% Increase That means Ethereum's circulating supply has increased by about 9 percentage points more, or roughly 2.1× as much as Bitcoin's. Since 2021: ETH supply growth is 17% vs BTC 8% (ETH inflated about twice as much) Bitcoin guarantees a maximum of 21 million coins. Ethereum doesn't, even though its current issuance is relatively low.
While I can appreciate his intelligence and passion, I think he is (and BIP-110 supporters are) guided by fear, and not aligned properly on this topic. But I can appreciate everyone has a right to their own opinion on if we need to change BTC to censor spam... I think it's a dark path that leads to more sensorship later. Fundamentally Bitcoin already ecenonically punishes spam. Its built to reward proper use and punish those who don't use it properly.
So we all can get it! Strategy the Bitcoin vacuum got momentarily exhausted! It's our chance to buy and never sell it back to Startegy, I am sure they will want it back and they will keep buying BTC, but they'll have to pay a pretty penny if we all hodl
Remember if he sold 3588 BTC, someone bought it. 1 BTC = 1 BTC
Why would he sell if BTC is going to $1 million?
That's like someone with 0.1 BTC selling 40k sats, saylor is stupid but y'all are making mountains out of molehills
This doesn’t make any sense. They didn’t buy any MSTR. They just used this to fund dividends. Go look at their website, their BTC per share has only decreased over the last few months.
No one who has spent the considerable extra capital for complete tier 1+ redundancy will ever see a payback switching to BTC. The cost of asics at that point is a rounding error compared the money spent to support AI.
First, make sure you have 6 months emergency fund in cash. Ditch the alts. You are just losing your money in that. Lump sum is the best option to accumulate the most amount of BTC. The current price range of $60-64k is a fantastic price entry. DCA afterward. DCA out with the cycles is a terrible strategy. You likely have to pay taxes and you might time it wrong. And then you might get emotional and sell or buy at the wrong times. You are essentially trying to be a trader. Keep it simple. Stay humble. Stack sats. Hold your own keys. Read The Bitcoin Standard. Learn a new skill and create value for the world. Lift weights. Eat red meat and vegetables. Enjoy life with family and friends.
Post is by: Sguy1972 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1up4hpi/saylor_just_sold_216m_worth_of_bitcoin_i_started/ Buffet said be greedy when everyone around you is fearful. I’ve been waiting for a moment like this. The news created a panic. Saylor like the loudest guy with never sell in BTC voice in crypto, dumped 3588 BTC at $60,000. The man with 843000 Bitcoin on his balance sheet is selling to pay dividends. On the surface it might look like a bearish thesis but it’s not. And this is exactly the kind of ugly I’ve been waiting for. I am cursed to be mistimed by markets, my worst decision was to buy at the top in 2021, holding the 70% crash. Forced selling isn’t conviction selling. The whitepaper hasn’t changed and neither has the supply cap. What got changed is Saylor’s balance sheet. I started to buy this week, slowly and steadily without any leverage. I could be wrong. But I am going to buy ugly rather than staying in cash while the market recovers. How are you reading the situation? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
I'm guessing most of the current/future abandoned "AI datacenters" might be uncompleted projects where there aren't even any GPUs hooked up yet. This infrastructure would slot in nicely for a bitcoin mining company to slide in and acquire the project for pennies (along with existing power agreements) and continue the build out for ASICs. Datacenters where up to date GPUs are actively being used probably won't be abandoned in the future. Datacenters with outdated GPUs will be abandoned in the future assuming the AI bubble pops and they realize they have an overcapacity issue. These types of data centers would also be great targets for BTC miners otherwise move in, junk the old GPUs, and hook up ASICs
The best time is usually when nobody is excited about crypto anymore. Just don't try to time the exact bottom. Buy gradually over time instead of betting everything on one price. BTC first, then worry about alts once you understand the risks.
That wouldn't make financial sense... the MSTR shares are worth only 71% of the BTC value.... meaning I could buy the entire company (and the BTC pile) for 30% off if I bought shares. So if someone has $36 billion and wants to buy $52 billion worth of bitcoin, they could just buy the entire company and they would hold $52b in BTC but will have only paid $36b for it.
You clearly just like to argue without logic . BTC mining is a game of diminishing returns, ai is a game of exponential scaling. Still waiting for any piece of logic on anything you’ve said
Slight dip? BTC lost half of its value and alts are at 1/4 of the price.
MSTR is a trade for me. I was right about it last cycle exceeding bitcoins return from bottom to top, and I’m putting my money where my mouth is, that MSTR will have a bigger return than Bitcoin. My personal base case is BTC will approx 5x from the bottom, MSTR will likely 8-10x at least. You can disagree with me, but I’m betting you’re wrong and I am a buyer.
It's still better to keep it safe. 0.025 BTC is worth a lot of money.
All alt coins... Only buy BTC and ETH.
Should dump everything and buy BTC. Look at any BTC/alt coin pair on a log chart and educate yourself. At best they are an oscillator of BTC. They are not “investments.” They are high risk assets to gamble on during bull runs, to SELL during the bull run, so that you can buy more BTC. Holding alts long term is a terrible fucking idea.
I like to tax loss harvest BTC ETFs buy selling and, to avoid a wash sale, investing the proceeds in MSTR. Once MSTR goes back up to my cost basis ($135), I'll sell my lot and invest back into BITB.
BTC was never a hardfork or premined or given for free to holders of another coin..... thats the whole point. Soft forking the signature method is not exactly the same
Why would I say BTC is “recovering” if it’s dipping? Makes no sense. But whatever. Use your imagination to make yourself feel better if you like.
I’d say it’s “interesting”, but genuinely, look at private credit markets in the US. Billions on the hook for massively overvalued underlying assets. It’s such a mess they’ve stopped time gating and are just straight up gating. So yes, ish to your comment but in the general scheme of things I’d actually go as far as to say no. Simply because the value of the underlying asset here, BTC, is independently valued. Conversely the private credit market is utterly fucked.
Post is by: AIautoagent1 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1up3eei/is_the_us_anticbdc_stance_turning_digital_money/ The US just had a sitting president issue an executive order outright banning a digital dollar CBDC while China is already live with e-CNY and Europe is moving ahead with the digital euro — that divergence is the clearest signal yet that “digital money” is going to be a geopolitical wedge, not a neutral technology. If you look at the Atlantic Council CBDC tracker, we’re no longer in the “whitepaper” phase. China’s e-CNY is in large-scale pilots, the ECB is pushing the digital euro design phase forward, and a cluster of smaller countries (Bahamas, Nigeria, Jamaica, etc.) already have live CBDCs. The IMF and BIS are actively running training programs and simulations on how CBDCs affect macro-financial stability and cross-border flows, and the WEF’s Digital Currency Governance Consortium is basically a coordination layer for the policy elite. At the same time, the US is now politically split: the Fed is still “studying” CBDCs, but the recent executive order trying to prohibit a digital dollar shows there’s real resistance at the federal level to programmable retail money under direct government control. For crypto, I don’t see CBDCs as “competition” to Bitcoin; they’re competition to commercial bank deposits and cash. CBDCs are state money with surveillance and policy levers baked in (tiered KYC, spending rules, negative rates, geofencing). That’s the opposite design space from BTC and self-custodied assets. As more countries push CBDCs and experiment with cross-border settlement, you’re basically watching the early stages of a more multipolar system and an eventual erosion of the USD’s “rails” dominance, even if the dollar stays the main unit of account. That’s also why institutions quietly buying BTC as a reserve/hedge makes sense: it’s one of the few politically neutral, bearer-like assets that can move across whatever CBDC stack ends up winning. Personally, with CBDCs accelerating, I keep everything off exchanges in self-custody on a Ledger — the whole point of crypto is the exit: https://shop.ledger.com/?r=earning-hq&utm_source=reddit&utm_medium=social&utm_campaign=cbdc&utm_content=ledger and I use Coinbase for regulated exposure and fiat on/off because it’s still the most compliant US ramp: https://coinbase.com/join/earning-hq?utm_source=reddit&utm_medium=social&utm_campaign=cbdc&utm_content=coinbase Curious how everyone here is actually pricing CBDC risk: do you treat it as a bullish driver for BTC/ETH over a 5–10 year horizon, or a regulatory overhang that caps upside in your base case? Ledger and Coinbase links are affiliate links. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
Buying BTC wields influence and power. At this rate, he may own more BTC than Satoshi Nakamoto, making him critically important in the crypto market.
Yea leverage or not, MSTR is gonna be a direct dependent on the fiat price of BTC. Never understood the mentality of sucking off a corpo who’s just using BTC as a fiat hedge and tax haven 🤔
Yeah I didn't get one until .1 BTC
I am no expert by any means, but doesnt USA also have the first-infirst-out rule? So he is basically selling BTC which were aquired way lower than current prices?
Other than BTC and ETH do not stay for long term✌️
There is no logical argument to buy MSTR if you are capable of buying BTC
until it goes OTC, partially agree: just commitment between two parties to exchange resources (BTC vs USD), where OpenMarket is used as current price refference why "partially", because I'm still surprised how Saylor almost always get short end of the stick: buys for prices that are slightly above the current market; sells -- low (price was almost 64k, but he managed to settle for 62.2k...); assuming that this is the best deal he managed to find -- sounds a bit depressing...
Correct. Their focus is on arbitraging MSTR price. * For MSTR: this is buy low, sell high * For BTC: this is buy high, sell low What's beneficial for MSTR is not necessarily beneficial for BTC when doing this arbitrage.
For the past half a year, Microstrategy (aka Strategy) has pivoted to a new Key Performance Indicator (KPI) called **Bitcoin Per Share (BPS)** to measure success. Their goal is to buy and sell MSTR that will maximize BTC price per share of MSTR, thus **maximizing the value of MSTR shares in terms of BTC holdings**. This strategy is beneficial to MSTR, but not beneficial to BTC. BPS is calculated by: BPS = (market cap of MSTR) / (total Bitcoin holdings) 1. BTC price is high -> MSTR price ratio is higher > mNAV is high -> sell MSTR to buy BTC 1. BTC price is low -> MSTR price ratio is lower > mNAV is low -> sell BTC to buy MSTR Since the MSTR price is more volatile than Bitcoin price, it both increases faster than Bitcoin and drops faster than Bitcoin. It seems like they're selling BTC low, but they're actually focused on buying MSTR when its ratio to BTC is low. It seems like they're buying BTC high, but they're actually focused on selling MSTR when its ratio to BTC even higher.
What about the following trick, He sold 1 BTC to make waves get the price low and then suddenly buy 100 BTC in the newer lower price? Does this make sense ?
Seems like a normal soft arbitrage between the two. The assumption is BTC price is unpredictable and uncontrollable but the capital ratios and allocations is not.
I love how this happens every micro bounce. BTC loses 15%+ then jumps 2% to green and the crowd screams WE BACK IN BOIS lmfao. It's so dumb. Yes BTC will most likely go back up. No you are not doing well TODAY on your BTC portfolio. Both can exist at the same time.