Here’s a thought - let’s suppose Saylor’s milestone is to accumulate 1M BTC (or insert whatever number you’d like), aren’t they likely to rollout a new direction?
What happens with all that Bitcoin..
@Aowsbaker83@BritishHodl Only if you think they start selling BTC.
If my house went 30-50% CAGR, it’d be boring but never bad news.
Id probably start leveraging the asset to generate returns elsewhere 💡
@TeddyBitcoins@SahilZaveriMD@saylor No - he wouldn’t. If one believes the best capital is Bitcoin, why sell and convert to an inferior currency? Buffet would need to submit an offer denominated in Bitcoin, which pushes MSTR value up anyways creating an unattainable value prop
@saylor No one complains about the entergy used to surf the web around the globe. No one complains about the energy consumption of the millions of drying machines in every household. No one even thought about the energy involved to give them the smart phone they read this tweet
@tdpolo26 I hope this helps you understand the thesis behind using BTC as collateral on future loans. Yes, loans will need to be paid over time and that’s why one would use the capital of the loan to further generate income (ie: $CORZ hosting services) 1/2
@tdpolo26 MSTR isn’t a miner but neither is its core business dealing with bitcoin - yet they want more. So they were resourceful and shrewd and found a way that didn’t impact share count to raise money
@tdpolo26 I feel you. But I’m saying the miners have options where they may not have to dilute share count. MSTR has one of the largest BTC treasuries - they recently took loans against their balance sheet to buy more
@tdpolo26 Two things you neglect:
- BTC has utility, ie: Russia has been sanctioned by SWIFT yet had considerations to use BTC as an option to still sell its oil
- there is such a thing as borrowing against BTC (yes companies will take BTC as collateral to do this) ie: $MSTR buying BTC
@tdpolo26 As long as the trend holds - the demand has no choice but to increase. You can’t get more of the limited supply of BTC but one way; and when it’s gone it’s gone. This isn’t good where all good miners immediately sell their gold because they have unlimited access to more
MacroStrategy has purchased an additional 4,167 bitcoins for ~$190.5 million at an average price of ~$45,714 per #bitcoin. As of 4/4/22 MicroStrategy #hodls ~129,218 bitcoins acquired for ~$3.97 billion at an average price of ~$30,700 per bitcoin. $MSTR
https://t.co/Z45OuJU5KI