MSTR Adds Another $1.42B in BTC

[Hurc]

TL;DR:
MSTR - adds now holds $52B in BTC at present prices. They are now holding 553,555 BTC. Smart money knows something... Pump incoming???

Interesting quick read:
https://www.coindesk.com/markets/20...ditional-142b-of-bitcoin-with-latest-purchase

 

[Blocksmith]

The article says the latest buys were funded from common and preferred stock offerings. Does this mean they essentially sold shares to acquire additional BTC at 95k per coin?

 

[Hurc]

The article says the latest buys were funded from common and preferred stock offerings. Does this mean they essentially sold shares to acquire additional BTC at 95k per coin?

They are seling stock and raising via debt instruments AKA bonds. The big one is bonds...

Most iinstitutional buyers shy away from big portfolio allocation to risk on assets with high volitility...

But w/ a bond (especially a convertible), they get the benefit of risk w/ the downside protection of a note instrument.

 

[Somchai]

What makes Bitcoin so unique? Will it continue to rise in price? What's the end game?

 

[MegaTRON]

Bang on with the pump 104k BTC LFG!