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jimbeam
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re: Anyone buying MicroStrategy Inc (MSTR)?
Well BTC could easily 2-3x this year IMO so do the math


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TigerTatorTots
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Member since Jul 2009
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re: Anyone buying MicroStrategy Inc (MSTR)?
Seems like the current share price of MSTR is a front run of future BTC valuation for funds and companies (i.e. Morgan Stanley) that cannot change their charter or accounting rules to buy actual BTC. MSTR price/share has far exceeded the actual BTC price gain. One would expect future MSTR price improvement to cool off and allow BTC price to catch up but there is really no telling. I didn't think we'd see $1,000 MSTR until BTC ran over $150k
This post was edited on 2/8 at 2:59 pm


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cgrand
New Orleans Pelicans Fan
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re: Anyone buying MicroStrategy Inc (MSTR)?
quote:

Not investment advice, let’s bump this thread next year. $140/share today

thia might be the all time best MT stock pick


TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
76514 posts

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

thia might be the all time best MT stock pick

Hard to say that when you have 20x-50x baggers happening on the board right now but I appreciate the comment


jimbeam
US Army Fan
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Member since Oct 2011
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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.


Then Elon goes and buys this much in a day At at 50-75% premium
This post was edited on 2/9 at 12:05 pm


TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
76514 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
If this all plays out like we think it will, Michael Saylor will be the name written in textbooks for decades to come


jimbeam
US Army Fan
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Member since Oct 2011
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re: Anyone buying MicroStrategy Inc (MSTR)?
I was reading up on a guy who made an arbitrage play on MSTR early on who fricking killed it.


GREENHEAD22
LSU Fan
Member since Nov 2009
15129 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
So to get exposure to Crypto you can either buy it directly, buy stock in companies who are invested in it, like MSTR. Funds made up of these companies, MSTR and others, or funds/ETFs made up of Cryptos themselves, like Bitwise(BITW) .

Besides the high expense rate is there any reason I shouldn't go with a crypto fund like BITW? Any other similar fund to look into?

TIA


KickPuncher
Member since Jun 2020
500 posts

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

I don’t see how Bitcoin will completely fail without some HUGE moves by whales
Why do you think this? Why is bitcoin going to fail unless some whales come along?


TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
76514 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
LINK

Never invest in BITW, at least not while the premium is obscene. For every share of BITW, you are paying $74.12 right now, but only buying $43.40 worth of the actual coins. There is a massive premium in that ticker right now and most people have no clue. Bitwise even tweets daily what the price vs asset value is, but people don’t research what they are buying and just pull the trigger.

GBTC premium is 8% right now- not awful like the 72% premium on BITW. Still, buying the actual coins always the best.
This post was edited on 2/13 at 9:21 am


TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
76514 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
That is not what he’s saying


KickPuncher
Member since Jun 2020
500 posts

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

That is not what he’s saying

Yeah I see that now. Read that a little too quick. But still wondering why he thinks it still is a good investment. I just like hearing all sides. I got a small amount in bitcoin but wondering if I should insert the tip if not go balls deep.


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GREENHEAD22
LSU Fan
Member since Nov 2009
15129 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
Appreciate the info, looks like I will be opening a coinbase pro account tomorrow.


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TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
76514 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
LINK

quote:

MicroStrategy Announces Proposed Private Offering of $600 Million of Convertible Senior Notes $MSTR


He did it again. Madman


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castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
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re: Anyone buying MicroStrategy Inc (MSTR)?
Bought 14 shares in my 401k at 695.
Gives me the BTC exposure I was looking for there.


jimbeam
US Army Fan
University of LSU
Member since Oct 2011
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re: Anyone buying MicroStrategy Inc (MSTR)?
Buckle up


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TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
76514 posts

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

Bought 14 shares in my 401k at 695.

MSTR is getting very attractive again


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

re: Anyone buying MicroStrategy Inc (MSTR)?
Yeah it was overextended for sure. If I had any cash i wanted to spend I’d have bought some this AM


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
74612 posts
 Online 

re: Anyone buying MicroStrategy Inc (MSTR)?
Love me some instant gratification


TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
76514 posts

re: Anyone buying MicroStrategy Inc (MSTR)?
Update on completing their purchase this morning:

quote:

Michael Saylor
@michael_saylor
·
6h
MicroStrategy has purchased an additional ~19,452 bitcoins for ~$1.026 billion in cash at an average price of ~$52,765 per #bitcoin. As of 2/24/2021, we #hodl ~90,531 bitcoins acquired for ~$2.171 billion at an average price of ~$23,985 per bitcoin. $MSTR


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