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TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
76156 posts

Anyone buying MicroStrategy Inc (MSTR)?
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


iAmBatman
USA Fan
The Batcave
Member since Mar 2011
10738 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
Thank you for providing an exemplary thread title that meets the quality standards of this board


cgrand
New Orleans Pelicans Fan
HAMMOND
Member since Oct 2009
25179 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
SQ is another safer way to get crypto (BTC) exposure


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20
TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
76156 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
You're quite welcome
This post was edited on 8/20 at 2:54 pm


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00
lynxcat
Rutgers Fan
Member since Jan 2008
21653 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
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.


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10
xxTIMMYxx
Member since Aug 2019
5035 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
MSTR
BTR


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30
TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
76156 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
The CEO just reported they acquired another $175 million of bitcoin, bringing the total to $425 million exposure.

Coindesk


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11
TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
76156 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
Square is following in MSTR's footsteps

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 http://squ.re/investors.


PDF for Square's Bitcoin Purchase Process


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11
TDFreak
Florida Fan
Baton Rouge
Member since Dec 2009
4026 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
MSTR is up 56% since you posted this.


TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
76156 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
quote:

MSTR is up 56% since you posted this.

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


TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
76156 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
Up 120% since posting. Did anyone else ride with me or am I alone on this rocket?


wutangfinancial
LSU Fan
Dallas, TX
Member since Sep 2015
5444 posts
 Online 

re: Anyone buying MicroStrategy Inc (MSTR)?
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
This post was edited on 11/30 at 11:32 am


TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
76156 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
quote:

Isn't it just better to hold the underlying BTC if you're looking for exposure like that?
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.

Image: https://i.imgur.com/9xTRnMx.jpg


This post was edited on 11/30 at 12:50 pm


wutangfinancial
LSU Fan
Dallas, TX
Member since Sep 2015
5444 posts
 Online 

re: Anyone buying MicroStrategy Inc (MSTR)?
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.


TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
76156 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
quote:

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.

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.


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01
TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
76156 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
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.


wutangfinancial
LSU Fan
Dallas, TX
Member since Sep 2015
5444 posts
 Online 

re: Anyone buying MicroStrategy Inc (MSTR)?
He should be waiting for a pullback


TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
76156 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
quote:

He should be waiting for a pullback

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?



jimbeam
USA Fan
University of LSU
Member since Oct 2011
68004 posts
 Online 

re: Anyone buying MicroStrategy Inc (MSTR)?
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.


wutangfinancial
LSU Fan
Dallas, TX
Member since Sep 2015
5444 posts
 Online 

re: Anyone buying MicroStrategy Inc (MSTR)?
Easy. The Feds ban it.


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