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rocket31
Toledo Fan
Member since Jan 2008
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re: Anyone buying MicroStrategy Inc (MSTR)?
yea that's my first thoughts too.


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TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
76514 posts

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

Wait nvm, I can just skip all this other bs and buy bitcoin directly.

Yep always the best thing to do.

I have MSTR and GBTC all in my HSA and Roth. Going to be nice tax free gains.


TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
76514 posts

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

why wouldn't they just buy bitcoin

I'm assuming there is either regulatory or accounting hurdles that they did not want to alter when they could just buy a stake in a company that has set its mission to acquire as many coins as possible.


jimbeam
US Army Fan
University of LSU
Member since Oct 2011
69622 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
shite that is a great idea


eng08
LSU Fan
Member since Jan 2013
4828 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
Another option is btcg-uo which is 70% bitcoin trust from galaxy digital holdings.

They just started up the fund last month.

Micro strategy is at 57% btc in their allocation.


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rocket31
Toledo Fan
Member since Jan 2008
36538 posts
 Online 

re: Anyone buying MicroStrategy Inc (MSTR)?
yea after digging into it they would need to rewrite their charter which would take 1 or 2 years to change and get approved

this is an incredible move
This post was edited on 1/9 at 5:00 am


lighter345
New Orleans Pelicans Fan
Member since Jan 2009
11529 posts
 Online 

re: Anyone buying MicroStrategy Inc (MSTR)?
Many banks have an outright ban on buying Bitcoin, including their investment bankers/wealthier managers. This includes some of the stocks mentioned trying to act as Bitcoin etf. As I understand it m, there is no ban for MSTR because it’s a tech company first and simply acquired Bitcoin with their cash reserves.


Pendulum
New Orleans Pelicans Fan
Member since Jan 2009
5199 posts

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

because it’s a tech company first and simply acquired Bitcoin with their cash reserves.



Well that's how it started.

Now he's done 2 convertible debt offerings to buy a billion more. There's no laws from any public company doing this. The banks and funds with laws against are internal laws or mandates they created for themselves.

SO guess what's going to happen when monkey see, monkey do.

The brilliant thing for Michael Saylor is, he still wins even if every company now copies off him.


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TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
76514 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
Saylor hosted a CEOs meeting last night where he had hundreds of CEOs from a range of business sizes to teach them the process of moving their treasury to bitcoin. This guy is amazing.

We broke $700 pre market too.


GREENHEAD22
LSU Fan
Member since Nov 2009
15130 posts
 Online 

re: Anyone buying MicroStrategy Inc (MSTR)?
Damn, I wish I would have seen this when you first posted it.

Is there any other companies that have a cheaper buy in that I could get Crypto exposure with?


TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
76514 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
Right now SQ has some exposure. They purchased $50MM worth late 2020 and I believe it is now over $100MM. Rather small potatoes when comparing to MSTR. There have been dozens of funds adding Bitcoin but haven't had a major corporation announcement in a while. MSTR was the first big one and they haven't let the foot off the gas since. I also think their stock price is somewhat inflated compared to BTC assets under management.

At the end of the day, buying BTC itself is much better than holding a stock as a bitcoin play. There is no premium that you are paying if you buy straight BTC.


GREENHEAD22
LSU Fan
Member since Nov 2009
15130 posts
 Online 

re: Anyone buying MicroStrategy Inc (MSTR)?
I need to quit being lazy and get on it. I just don't feel like have to open another account on another trading platform. Can barley keep track of everything I have now.


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Pezzo
LSU Fan
Member since Aug 2020
453 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
Realistically what are you expecting out of this MSTR? how high will it go?


TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
76514 posts

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

Realistically what are you expecting out of this MSTR? how high will it go?

Its higher than I thought it would go. I assumed it would track BTC price gains but it has blown by them.


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Pendulum
New Orleans Pelicans Fan
Member since Jan 2009
5199 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
I went into some BITW on Monday in my ROTH. Feel like I'd rather own BTC directly than MSTR; but BITW gives you a little more managed crypto diversity. Up 20% on that buy so far.


TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
76514 posts

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

Feel like I'd rather own BTC directly than MSTR
Yes agreed. My big recommendation are purchasing these stocks/funds in tax sheltered accounts that cannot hold BTC directly. Roth, HSA, self directed 401ks. If you are buying those funds in an individual brokerage account, just transfer that money to your bank and buy actual Bitcoin instead.


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TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
76514 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
I didn't think we'd see $1,000 MSTR until Bitcoin hit $150,000 but here we are...


jimbeam
US Army Fan
University of LSU
Member since Oct 2011
69622 posts

re: Anyone buying MicroStrategy Inc (MSTR)?


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TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
76514 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
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 was $220 when I posted this. I was so hilariously wrong


GREENHEAD22
LSU Fan
Member since Nov 2009
15130 posts
 Online 

re: Anyone buying MicroStrategy Inc (MSTR)?
Holy Shit

Any idea what the ceiling on this thing may be?


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