Bitcoin Is Falling — But Michael Saylor’s Strategy Just Dropped Another $264 Million On BTC

tradingview ^ | Jan 28 | tradingview

[RandFan]

Strategy, the company that invented the digital asset treasury playbook, disclosed a fresh Bitcoin buy even as crypto prices slumped amid a broader market drawdown.

[montag813]

I met Saylor back in Late 1999. At one time we considered selling our company to him, but chose a partnership with Motorola instead (a good decision, given MSTR's future stock price).

He is built different. If you think ANY drawdown in BTC would faze him, take a look at a historical chart of his company MicroStrategy. In March 2000, Saylor lost $6 billion of his net worth in a single day, then rode it out for 20 YEARS:

[RandFan]

Small world isnt it, evem though you reside in a HUGE country

Great story and I’m aware of the history of that company it’s ostensibly a “software” company but he’s turned into a bitcoin vehicle. It’s going down I reckon.

[Bobbyvotes]

You won’t get any at $0.0. I am planning to buy all BTC available at $1.50 each.

[DeplorablePaul]

I have a bunch of gold stock which didn’t grow much during Biden’s inflation. My theory is that crypto was used as an inflation hedge until now. I think cryptos have jumped into gold as a real asset.

[aMorePerfectUnion]

… in some locations

[protoconservative]

“Is Saylor going to get liquidated? His Average price on all that Bitcoin is like $76,000 (billions now) . Bitcoin is down 6% today at around 83k.”

You do not get rich in investing buying what seems like a sure thing, you get rich when everyone is heading for the doors. US dollar strengthened on the Davos news ending in whimpers pushing the flight away in another direction and general agreement, gosh darn it the EU has to help itself.