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Started By
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Anyone buying MicroStrategy Inc (MSTR)?
Posted on 8/19/20 at 1:19 pm
Posted on 8/19/20 at 1:19 pm
This is a moderately sized ($1.4B) business intelligence and mobile software company, Up 20% in the past couple of weeks since announcing they converted $250 million in assets to bitcoin.
For the people not wanting to risk getting into crypto, this could be a nice way to get exposure through more traditional investments I.e. stocks.
Not investment advice, let’s bump this thread next year. $140/share today
For the people not wanting to risk getting into crypto, this could be a nice way to get exposure through more traditional investments I.e. stocks.
Not investment advice, let’s bump this thread next year. $140/share today
18
Posted on 8/19/20 at 1:21 pm to TigerTatorTots
Thank you for providing an exemplary thread title that meets the quality standards of this board 
Posted on 8/19/20 at 1:32 pm to TigerTatorTots
SQ is another safer way to get crypto (BTC) exposure
Posted on 8/20/20 at 2:53 pm to iAmBatman
You're quite welcome
This post was edited on 8/20/20 at 2:54 pm
Posted on 8/20/20 at 9:02 pm to TigerTatorTots
We use it where I work and it’s a clumsy tool. It sits on some pretty good data and I generally like the attribution but it’s far from a slick data analytics tool.
Alteryx is the tool I am watching closely. It’s one of the most powerful yet easiest to use programs I’ve ever experienced.
Alteryx is the tool I am watching closely. It’s one of the most powerful yet easiest to use programs I’ve ever experienced.
Posted on 9/16/20 at 2:59 pm to TigerTatorTots
The CEO just reported they acquired another $175 million of bitcoin, bringing the total to $425 million exposure.
Coindesk
Coindesk
Posted on 10/8/20 at 2:53 pm to TigerTatorTots
Square is following in MSTR's footsteps
PDF for Square's Bitcoin Purchase Process
quote:
Square IR
@SquareIR
·
6h
Today,
@Square
announced that it has purchased $50M in bitcoin. Square believes cryptocurrency is an instrument of economic empowerment and provides a way to participate in a global monetary system, which aligns with the company’s purpose. For more, visit https://squ.re/investors.
PDF for Square's Bitcoin Purchase Process
Posted on 11/21/20 at 6:20 pm to TigerTatorTots
MSTR is up 56% since you posted this.
Posted on 11/21/20 at 8:00 pm to TDFreak
quote:Still plenty to run if Bitcoin keeps doing what we expect it to do into late 2021. I'd guess another 80%-100% if we get get to $55k bitcoin
MSTR is up 56% since you posted this.
Posted on 11/30/20 at 8:38 am to TigerTatorTots
Up 120% since posting. Did anyone else ride with me or am I alone on this rocket?
Posted on 11/30/20 at 11:31 am to TigerTatorTots
I know people trading it but don't participate in euphoric stock stories. It's trading at 7x it's holdings in BTC. Not sure if that means anything but seems like a rich premium for long term holdings. Isn't it just better to hold the underlying BTC if you're looking for exposure like that? What's the story here?
Edit: Nice call though back in September
Edit: Nice call though back in September
This post was edited on 11/30/20 at 11:32 am
Posted on 11/30/20 at 12:45 pm to wutangfinancial
quote:100% yes. However, some people don't feel like creating new accounts on crypto exchanges or want to deal with holding coins. MSTR can be considered somewhat like a BTC ETF at this point, albeit you do pay a premium for the BTC it holds. Still though, MSTR, outside of bitcoin, is a company that produces annual revenues so it isn't all BTC.
Isn't it just better to hold the underlying BTC if you're looking for exposure like that?
This post was edited on 11/30/20 at 12:50 pm
Posted on 12/1/20 at 9:57 am to TigerTatorTots
How do their revenue channels do? Do you know anything about the company's leverage, margins, FCF? Is it's a solid software company it becomes more interesting. But BTC itself is becoming interesting to me if it starts getting institutional backing. Druckenmiller, Paul Tudor Jones, and Andrew Left all have long exposure.
Posted on 12/1/20 at 5:33 pm to wutangfinancial
quote:No debt and ~$30MM of free cash flow each year. I'm not a huge fan of investing in small tech companies like this, but the underlying business is a decent hedge and ultimate propulsion that they will continue making cash and likely turning it into bitcoin in the future.
How do their revenue channels do? Do you know anything about the company's leverage, margins, FCF? Is it's a solid software company it becomes more interesting. But BTC itself is becoming interesting to me if it starts getting institutional backing. Druckenmiller, Paul Tudor Jones, and Andrew Left all have long exposure.
Posted on 12/5/20 at 8:24 pm to TigerTatorTots
quote:
Michael Saylor
@michael_saylor
·
Dec 4
MicroStrategy has purchased approximately 2,574 bitcoins for $50.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $19,427 per bitcoin. We now hold approximately 40,824 bitcoins.
This crazy son of a bitch just bought another $50 million worth of BTC for MSTR.
Posted on 12/6/20 at 11:25 am to TigerTatorTots
He should be waiting for a pullback
Posted on 12/6/20 at 2:33 pm to wutangfinancial
quote:Possibly...but Michael Saylor unequivocally believes this is going to be over $100k end of next year. If I'm him and have that mindset, would waiting for a pullback of a few grand be worth the risk of that pullback not occurring? Any is the difference of a few grand entry point really going to matter that much if what he believes the price will get to end of next year?
He should be waiting for a pullback
Posted on 12/6/20 at 3:36 pm to TigerTatorTots
At this point, I don’t see how Bitcoin will completely fail without some HUGE moves by whales. A number of big players in the market now, seemingly buying everything available and even everything that isn’t.
Posted on 12/6/20 at 4:27 pm to jimbeam
Easy. The Feds ban it.
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